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Subsequent Events
6 Months Ended
Jun. 28, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 14 - SUBSEQUENT EVENTS

 

On July 25, 2025, the Board of Directors authorized a dividend of 16¢ per share, for shareholders of record as of August 15, 2025, payable on August 29, 2025.

 

On July 1, 2025 the Company announced the asset purchase of Anderson Manufacturing (“Anderson”), a manufacturer of firearms and firearm accessories based in Hebron, Kentucky, for $16.4 million in cash. This strategic purchase includes Anderson’s manufacturing facility, equipment and machinery, inventory, certain assets and liabilities, and all intellectual property related to Anderson. The acquisition will provide Ruger the opportunity to work with a skilled and experienced workforce, strengthen its production capabilities and expand its product offerings. The transaction was funded by the Company with cash on hand and will be accounted for in accordance with ASC 805 - Business Combinations. ASC 805 requires, among other things, an assignment of the acquisition consideration transferred to the sellers for the tangible and intangible assets acquired, using the bottom up approach, to estimate their value at acquisition date. Any excess of the fair value of the purchase consideration over these identified net assets will be recorded as goodwill. The Company has not yet completed its purchase price allocation and fair value assessments of the assets acquired.

 

The Company has evaluated events and transactions occurring subsequent to June 28, 2025 and determined that there were no other unreported events or transactions that would have a material impact on the Company’s results of operations or financial position.