Rgr Property Management
Rgr Property Management – The company also announced today that the board declared a dividend of 79? share for the third quarter for shareholders registered as of
. This dividend varies each quarter because the company pays a percentage of earnings rather than a fixed amount per share. This dividend amounts to approx. 40% of net income.
Rgr Property Management
Commented on the financial results for the third quarter of 2021, “Despite taking a one-week shutdown in July, we were able to increase production by 22% from last year. This was our first shutdown in two years, giving our workforce a very well-deserved break, allowed us to perform some maintenance and reconfigure some of our manufacturing operations, which has better prepared us as we enter the fourth quarter and 2022.”
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Continued, “Despite a moderation in overall demand reflected in the last two quarters of adjusted NICS, we shipped all of the firearms we built this quarter without having to aggressively market or discount our products. Our finished goods inventories remain near historic lows .and we have just begun to replenish the distributor and retail inventories that were largely depleted over the last eighteen months, which puts us in a great position as we enter the fourth quarter, which has traditionally been a period of strong demand. established firearms, we are hard at work on some exciting new product initiatives, including the return of Marlin lever action rifles, which we plan to begin shipping later in the fourth quarter.”
Today, the company submitted its quarterly report on form 10-Q for the third quarter of 2021. The accounts included in this quarterly report on form 10-Q are attached to this press release, with an additional explanatory footnote with respect to the summarized Consolidated income statement and total income.
To discuss the third quarter operating results. Interested parties may access the webcast at Ruger.com/corporate or by calling 855-871-7398, participant code 5189611.
Website at SEC.gov and the Ruger website at Ruger.com/corporate. Investors are encouraged to read the full Quarterly Report on Form 10-Q for the third quarter of 2021 to ensure that they have sufficient information to make informed investment judgments.
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Is one of the country’s leading manufacturers of robust, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers nearly 800 varieties of more than 40 product lines. For more than 70 years, Ruger has been a model for social and corporate responsibility. Our motto, “Gunmakers for Responsible Citizens
The company may from time to time make forward-looking statements and estimates regarding future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, firearms sales levels, expected casting sales and earnings, the need for external financing for operations or capital expenditures, the results of ongoing litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unforeseeable events.
In an attempt to provide investors with additional information about its financial results, the company refers to various
Generally accepted accounting principles (“GAAP”) financial measures and one non-GAAP financial measure, EBITDA, which management believes provides useful information to investors. This non-GAAP financial measure may not be comparable to similarly titled financial measures published by other companies. In addition, the company believes that the non-GAAP financial measure should be considered in addition to, and not instead of, GAAP financial measures. The Company believes that EBITDA is useful in understanding its operating results and the ongoing performance of its underlying business, as EBITDA provides information about the Company’s ability to meet its capital expenditures and working capital requirements, and is also an indicator of profitability. The company believes that this reporting provides better transparency and comparability with the operating results. The Company uses both GAAP and non-GAAP financial measures to evaluate the Company’s financial performance.
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EBITDA is defined as earnings before interest, taxes and depreciation and amortization. The Company calculates EBITDA by adding the amount of interest expense, income tax expense, and depreciation and amortization expense deducted from net income back to net income, and subtracting the amount of interest income that was included in net income from net income. .
Sturm, Ruger & Co., Inc. is one of the nation’s leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers nearly 800 varieties of more than 40 product lines. For more than 70 years, Ruger has been a model for social and corporate responsibility. The company’s motto is “Arms Makers for Responsible Citizens®,” reflecting its commitment to these principles as it works hard to deliver quality and innovative firearms.SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that buyers or purchasers of Coinbase Global, Inc. (NASDAQ: COIN) securities now between April 14, 2021 and September 21, 2022 (the “Class Period”) have until next Monday, October 3, 2022 to seek appointment as lead plaintiffs in the Coinbase class action, which charges Coinbase so as well as certain of its senior executives for violations of the Securities Exchange Act of 1934. The first complaint is subtitled Patel v. Coinbase Global, Inc., No. 22-cv-04915 (D.N.J.). A later filed complaint is Laffoon v. Coinbase Global, Inc., No. 22-cv-05744 (D.N.J.).
You can also contact lawyer J.C. Sanchez of Robbins Geller by calling 800/449-4900 or by email at [email protected]
ALLEGATIONS: The Coinbase class action lawsuit alleges that during the class period the defendants made false and misleading statements and failed to disclose that: (i) Coinbase held crypto assets on behalf of its customers, which assets Coinbase knew or recklessly ignored could qualify as the property of a bankruptcy estate , making these assets potentially subject to bankruptcy proceedings in which Coinbase’s customers would be treated as Coinbase’s general unsecured creditors; (ii) Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly ignored should have been registered as securities with the U.S. Securities and Exchange Commission (“SEC”); and (iii) Coinbase planned to, and actually engaged in, proprietary trading of cryptoassets.
Rgr Online Portal
On May 10, 2022, Coinbase disclosed that: “Because cryptoassets held in custody may be considered the property of a bankruptcy estate, the cryptoassets we hold in custody on behalf of our customers may, in the event of a bankruptcy, be subject to bankruptcy proceedings and such customers may be processed as our general unsecured creditors.” Following this disclosure, the price of Coinbase Class A shares fell by more than 26%.
Then, on July 25, 2022, Bloomberg reported that Coinbase is facing an SEC investigation into whether it improperly allows Americans to trade digital assets that should have been registered as securities. On this news, the price of Coinbase Class A shares fell another 21%.
Finally, on September 22, 2022, The Wall Street Journal reported that Coinbase had created a business group – Coinbase Risk Solutions – in July 2021 “to generate profits, in part by using [the company’s] cash to trade and ‘stake’ or unlock, cryptocurrencies,” a practice that sources at the company characterized as “proprietary” trading. According to The Wall Street Journal, the group completed a $100 million investment in 2022 to “profit on cryptocurrency markets,” and the transaction generated an “eagerness to do more such transactions” in Coinbase. On this news, the price of Coinbase Class A shares fell, further hurting investors.
THE PROCESS FOR LEADING CASES: The Private Securities Litigation Reform Act of 1995 allows any investor who purchased or acquired Coinbase securities during the class period to seek appointment as a lead plaintiff. A lead plaintiff is generally the eager person with the greatest financial interest in the relief sought by the putative class that is also typical and sufficient for the putative class. A lead plaintiff acts on behalf of all other class members by leading the Coinbase class action. The lead plaintiff may select a law firm of its choice to litigate the Coinbase class action. An investor’s ability to share in any future recovery is not dependent on serving as the lead plaintiff in the Coinbase class action.
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ABOUT ROBBINS GELLER: Robbins Geller is one of the world’s leading complex class action representing plaintiffs in securities fraud cases. The firm is ranked No. 1 on the ISS Securities Class Action Service’s 2021 Top 50 report for recovering nearly $2 billion for investors last year — more than triple the amount recovered by other plaintiffs’ firms. With 200 lawyers in 9 offices, Robbins Geller is one of the largest litigation firms in the world, and the firm’s lawyers have won many of the largest securities classes
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