Beretta Holding Nominates Directors Following Ruger’s 18.7% Q4 Profit Collapse
Beretta Holding, Ruger’s largest shareholder with 9.95% stake, criticized Ruger’s Q4 revenue growth of 3.6% and fiscal 2025 increase under 2% while gross profit plunged 18.7% in Q4 and 29% for the year. It pointed to ASP decline to $364, a $12M operating loss and launched a proxy campaign.
1. Beretta Holding Issues Critique and Launches Proxy Campaign
Beretta Holding, the family-owned group with a 9.95% stake in Sturm, Ruger & Company, criticized management’s execution following disappointing Q4 and fiscal 2025 results and initiated a proxy campaign ahead of the 2026 annual meeting by nominating four independent director candidates.
2. Disappointing Financial Results Highlight Margin Erosion
Ruger reported revenue growth of just 3.6% in Q4 and under 2% for the full year while gross profit declined 18.7% in Q4 and 29% annually; average selling price fell from $377 to $364, contributing to a $12 million operating loss and a swing to negative GAAP earnings.
3. Governance and Board Nominee Details
Beretta Holding’s slate emphasizes the need for disciplined execution, improved capital allocation and stronger oversight to restore profitability, expand margins and rebuild shareholder value, challenging the current board’s strategy and defensive stance toward its largest shareholder.