SGB Update Sportsmans

Sturm, Ruger Rolls Out Special Dividend After Strong Q2 Results

Sturm, Ruger & Company, Inc. reported net sales surged 35.3 percent to $130.3 million in the second quarter ended June 27, compared with net sales of $96.3 million in the prior-year quarter. The company posted diluted earnings per share of $1.05 in Q2, triple the diluted EPS of 35 cents per share in the second quarter of 2019.

Remington Arms Files Again For Bankruptcy Protection

Remington Arms Co., as expected, filed for bankruptcy protection for the second time since 2018 as it seeks to restructure its heavy debt load. The company will again try to find a buyer for the business.

Everest.com Launches Celebrity Storefronts

Everest.com, the online marketplace for the shooting sports industry, announced today the launch of Celebrity Storefronts, a new component to the Everest marketplace featuring a dozen celebrity storefronts designed and published by outdoor influencers and celebrities.

CODI Declares Second Quarter 2020 Distributions

Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, has declared a quarterly cash distribution of 36 cents per share on the company’s common shares.

Firearms Background Checks Surge 136 Percent In June

The FBI completed 2.18 million gun background checks on an NSSF-adjusted basis in June, a hike of 135.7 percent compared to the June 2019 NSSF-adjusted NICS figure of 924,054. The rate builds on gains of 75.2 percent in May, 69.1 percent in April and 41 percent in March.

Smith & Wesson Hires New VP Marketing

Smith & Wesson Inc. has hired Kyle Tengwall as VP marketing for Smith & Wesson’s firearms brands. An industry veteran, Tengwall joins Smith & Wesson from United Tactical Systems.

Outdoor Edge Names New Marketing Director

Outdoor Edge has named Will Morgan as its marketing director. Morgan brings more than a decade of management and marketing experience to his new position at Outdoor Edge.