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Legal Expenses, NH Severance Payments Send Ruger's First-Quarter Profit Tumbling
The firearm maker said legal costs tied to its investor dispute helped cut first-quarter net income sharply.
Summary by New Hampshire Union Leader
3 Articles
3 Articles
Legal expenses, NH severance payments send Ruger's first-quarter profit tumbling
The legal cost of temporarily opposing its largest investor, Beretta Holding SA, from taking a bigger stake contributed to Sturm, Ruger & Co. reporting a massive decline in first-quarter net
·New Hampshire, United States
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Winston-Salem Journal
Winston-Salem JournalLegal expenses, severance payments send Ruger's first-quarter profit tumbling; company has moved HQ to Mayodan
Sturm, Ruger & Co. spent $3.2 million in legal, professional and advisory expenses from both negotiating with Beretta, and on fending off Beretta Holding SA's multiple appeals to shareholders ahead of its 2026 annual meeting.
·Cherokee County, United States
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Total News Sources3
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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