Remington Outdoor Co. reported earnings of $9.5 million in the third quarter ended September 25, rebounding from a loss of $11 million a year ago. Sales grew to $221.7 million from $193.9 million.
In the firearms segment, sales were $110.2 million, an increase of $14.2 million, or 14.8 percent. Demand for MSRs continued to be strong. Excluding the impact of a $20.2 million Philippines sale in the three months ended September 27, 2015, sales of MSRs would have increased $14.1 million in the latest period. Sales of shotguns, centerfire rifles and handguns increased by $8.3 million, $8.1 million and $6.8 million, respectively. These increases were partially offset by decreased sales of MSRs, rimfire rifles and other firearms of $6.1 million, $0.3 million and $2.6 million, respectively.
Ammunition sales were $93.2 million, an increase of $11.2 million, or 13.6 percent. Sales of centerfire ammunition and shotshell ammunition increased $12 million and $4.6 million, respectively. These increases were partially offset by decreased sales of rimfire ammunition and other ammunition products of $1.6 million and $3.8 million, respectively.
In the consumer segment, sales were $18.3 million, an increase of $2.4 million, or 15.1 percent. The increase was primarily due to higher sales of after-market parts of $6.1 million, partially offset by lower sales of accessories of $3.7 million. The consumer segment includes accessories, silencers, other gun-related products, licensed products and lifestyle products, including apparel and pet accessories.
The company’s brands include Remington, Bushmaster Firearms, DPMS/Panther Arms, Marlin, H&R, The Parker Gun, Mountain Khakis, Advanced Armament Corp., Dakota Arms, Para USA and Barnes Bullets.
Photo courtesy Remington
