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These products were received with great excitement by our customers and Marlins continue to be the most talked about and requested products in our lineup. Most notably, we launched two new additions to the Marlin lever-action rifle family - the 336 Classic, chambered in 30-30 Winchester and the 1894 Classic, chambered in. Killoy discussed some of the Company's recent new product development initiatives, 'The first half of the year saw several new product introductions. While down from the prior year quarter, we are pleased that our profitability this quarter improved from the first quarter of 2023 on essentially flat sales.'

We continue to adjust our level of production and product mix to better align our output with current, and expected, consumer demand as we strive to capitalize on these opportunities and better satisfy demand. We continually review independent distributor sell-through data and inventory trends, and channel inventories of several of our product families remain below desired levels. Killoy commented on the second quarter of 2023, 'Our second quarter sales were flat compared to last year despite the softening demand in some product categories, including polymer pistols, bolt action rifles, and modern sporting rifles. This dividend is approximately 40% of net income.Ĭhief Executive Officer Christopher J. This dividend varies every quarter because the Company pays a percentage of earnings rather than a fixed amount per share. The Company also announced today that its Board of Directors declared a dividend of 36¢ per share for the second quarter for stockholders of record as of August 15, 2023, payable on August 30, 2023.

For the corresponding period in 2022, net sales were $307.2 million and diluted earnings were $2.87 per share. For the corresponding period in 2022, net sales were $140.7 million and diluted earnings were $1.17 per share.įor the six months ended July 1, 2023, net sales were $292.3 million and diluted earnings were $1.72 per share. (NYSE: RGR) announced today that for the second quarter of 2023, net sales were $142.8 million and diluted earnings were 91¢ per share. Reports Second Quarter Diluted Earnings of 91¢ Per Share and Declares Quarterly Dividend of 36¢ Per Share August 02, 2023

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