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Operating Segment Information
3 Months Ended
Mar. 28, 2026
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, shotguns, 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 28, 2026     March 29, 2025  
Net Sales                
Firearms   $ 140,896     $ 135,195  
Castings                
Unaffiliated     460       543  
Intersegment     4,863       7,222  
      5,323       7,765  
Eliminations     (4,863 )     (7,222 )
    $ 141,356     $ 135,738  
Costs of Goods Sold                
Firearms   $ 112,663     $ 105,254  
Castings                
Unaffiliated     615       589  
Intersegment     4,863       7,222  
      5,478       7,811  
Eliminations     (4,863 )     (7,222 )
    $ 113,278     $ 105,843  
Gross Profit (Loss)                
Firearms   $ 28,233     $ 29,941  
Castings     (155 )     (46 )
    $ 28,078     $ 29,895  
Operating Income (Loss)                
Firearms   $ (1,582 )   $ 8,655  
Castings     (367 )     (183 )
    $ (1,949 )   $ 8,472  
Income (Loss) Before Income Taxes                
Firearms   $ (1,315 )   $ 8,758  
Castings     (367 )     (145 )
Corporate     1,608       1,134  
    $ (74 )   $ 9,747  

 

    Three Months Ended  
    March 28, 2026     March 29, 2025  
Depreciation            
Firearms   $ 5,438     $ 4,988  
Castings     352       347  
    $ 5,790     $ 5,335  
Capital Expenditures                
Firearms   $ 4,780     $ 1,034  
Castings     11       90  
    $ 4,791     $ 1,124  

 

    March 28,2026     December 31, 2025  
Identifiable Assets                
Firearms   $ 204,468     $ 205,061  
Castings     7,440       7,659  
Corporate     137,203       129,277  
    $ 349,111     $ 341,997  
Goodwill                
Firearms   $ 3,445     $ 3,445  
Castings     209       209  
    $ 3,654     $ 3,654