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Operating Segment Information
 3 Months Ended
Mar. 29, 2025
Operating Segment Information [Abstract]  
OPERATING SEGMENT INFORMATION

NOTE 11 - OPERATING SEGMENT INFORMATION

 

The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a select number of independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding parts.

Selected operating segment financial information follows:

(in thousands)  Three Months Ended 
   March 29, 2025   March 30, 2024 
Net Sales          
Firearms  $135,195   $136,008 
Castings          
Unaffiliated   543    812 
Intersegment   7,222    8,542 
    7,765    9,354 
Eliminations   (7,222)   (8,542)
   $135,738   $136,820 
Costs of Goods Sold          
Firearms  $105,254   $106,469 
Castings          
Unaffiliated   589    948 
Intersegment   7,222    8,542 
    7,811    9,490 
Eliminations   (7,222)   (8,542)
   $105,843   $107,417 
Gross Profit (Loss)          
Firearms  $29,941   $29,539 
Castings   (46)   (136)
   $29,895   $29,403 
Operating Income (Loss)          
Firearms  $8,655   $7,852 
Castings   (183)   (321)
   $8,472   $7,531 
Income (Loss) Before Income Taxes          
Firearms  $8,758   $8,016 
Castings   (145)   (321)
Corporate   1,134    1,352 
   $9,747   $9,047 

 

   Three Months Ended 
   March 29, 2025   March 30, 2024 
Depreciation        
Firearms  $4,988   $5,112 
Castings   347    455 
   $5,335   $5,567 
Capital Expenditures          
Firearms  $1,034   $1,635 
Castings   90    153 
   $1,124   $1,788 
   March 29, 2025   December 31, 2024 
Identifiable Assets          
Firearms  $223,645   $230,024 
Castings   8,950    9,303 
Corporate   146,408    144,707 
   $379,003   $384,034 
Goodwill          
Firearms  $3,055   $3,055 
Castings   209    209 
   $3,264   $3,264