Revenue Growth
Net sales increased 4% year-over-year to $141.0 million from $136.0 million, marking the fourth consecutive quarter of year-over-year top-line growth.
Strong Order Intake and Backlog Expansion
Units ordered rose 28% to 525,000 (vs. 410,000 prior year), and backlog grew 20% year-over-year to $330 million (from $275 million), indicating robust forward demand.
New Product Momentum
New products accounted for $51.6 million, representing 41% of total firearm sales in the quarter, reflecting strong consumer adoption of recent launches (American Generation II, Glenfield, Harrier, Red Label III, RXM).
Operational Cash and Balance Sheet Strength
Generated $19 million of cash from operations in Q1; cash and short-term investments totaled $105 million as of March 28, 2026; current ratio 3.5:1 and no debt.
Adjusted Profitability Improvement
On an adjusted basis (excluding strategic and organizational costs), diluted earnings were $0.27 per share; management reported continued improvement in adjusted operating profit over the past four quarters.
Shareholder Returns and Capital Allocation
Returned $1.3 million via a quarterly dividend of $0.11 per share (payable May 29, 2026), with the dividend representing approximately 40% of net income; company expects full-year capital expenditures of $30 million to support product introductions and capacity investments.
Strategic and Leadership Developments
Announced appointment of Andrew Wieland as SVP & CFO and a strategic cooperation agreement with major shareholder Beretta Holding that avoids a proxy contest and is expected to provide stability and industry expertise.
Market Outperformance
Company sales increased 3.2% versus a 1.6% increase in adjusted NICS — an outperformance of ~1.6 percentage points versus the broader market.