#Financials

We live in interesting financial times. Though unemployment is reaching record levels, firearms and ammo purchases have skyrocketed. It has become exceedingly difficult to find most common gun industry products in stock, and what little stock there is typically doesn’t last long. Amidst all of this chaos, TFB recently reported that America’s oldest gunmaker, Remington, has had to file for Chapter 11 bankruptcy protection for the second time in just two years. However, there is a vastly different story to be told at one of the industry’s other monoliths: Sturm, Ruger, and Co. In a July 29th press release, Ruger has announced that they have emerged from the second quarter of 2020 in fine fiscal form, and will even be paying investors a dividend. The release reads as follows.

Earlier this month, TFB reported that American Outdoor Brands was preparing to spin-off from Smith & Wesson. That recent news makes Smith & Wesson‘s financials even more interesting than usual, and they have announced that current reports are in with a June 18th press release. Due to the volume of information, only a portion will be included below, with the full release available via the preceding link to Smith & Wesson’s investor relations page.

In what should not be a shock to most anyone paying attention, iconic firearms manufacturer Remington announced a bankruptcy filing on Sunday, passing control to lenders – a move that will wipe away most of the companies debt. We hesitated in bringing you the story earlier since we have covered Remington’s financial troubles numerous times in just the last few months. However, ultimately the court filing in Delaware is a significant event that requires a notification to our readers,