Urbana City Mayor Diane Marlin
Mayor Marlin has been at the helm since 2017, but says her service to the Urbana and Central Illinois community has more history than just being on city council.
'As long as long as I've lived here, I've been a volunteer in the community in some capacity or another,' Marlin said. 'And as far as serving as an elected official, I served for eight years on the Urbana City Council and finishing up eight years as Mayor of Urbana.'
The food hall purchase has been a big discussion point as well, with many restaurants like Smith Burger.
READ MORE: Urbana's Broadway Food Hall to reopen as The Yard on Broadway with more restaurants
Urbana city leaders have also focused a lot of time on rebuilding the financial foundation.
'We've eliminated our structural deficit, we rebuilt our city emergency reserves, we have restored pension funding,' Marlin said. 'We're on track for, you know, proper pension funding. And we have gone to things like a cloud-based financial system, launched a new website.'
Marlin reflected on her final months in the role.
'It's the best job I have ever had, being Mayor of Urbana; and it's also by far the hardest job I ever had,' she said. 'But taken as a whole, there is no better way to impact people's lives and to help people than to serve in local government. This is where the decisions, all of the decisions you make, have a direct impact on on the folks you live with in and see every day.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Business Wire
30-07-2025
- Business Wire
Sturm, Ruger & Company, Inc. Reports Second Quarter Results
SOUTHPORT, Conn.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the second quarter of 2025, net sales were $132.5 million and the Company lost $1.05 per share. On an adjusted basis, excluding certain items discussed below, diluted earnings per share were 41¢. For the corresponding period in 2024, net sales were $130.8 million and diluted earnings were 47¢ per share. As previously disclosed, the Company has undertaken several strategic initiatives during the quarter aimed at reorganization and realignment to enhance its operational and market positioning. These initiatives adversely impacted the results of operations for the second quarter of 2025: Inventory and related other asset write-off -- $17.0 million Product rationalization and SKU reduction -- $5.7 million Organizational realignment -- $3.7 million For the six months ended June 28, 2025, net sales were $268.2 million and the Company lost 57¢ per share. On an adjusted basis, excluding the items above, diluted earnings for the first half of 2025 were 87¢ per share. For the corresponding period in 2024, net sales were $267.6 million and diluted earnings were 87¢ per share. On an adjusted basis, excluding the reduction in force expense of $1.5 million incurred in the first quarter of 2024, diluted earnings per share for the first half of 2024 were 94¢. The Company also announced today that its Board of Directors declared a dividend of 16¢ per share for the second quarter for stockholders of record as of August 15, 2025, payable on August 29, 2025. This dividend is approximately 40% of adjusted diluted earnings of 41¢ per share for the second quarter of 2025. President and Chief Executive Officer Todd Seyfert commented on the results, 'This quarter marks my first full quarter as CEO, and we took decisive steps to position Ruger for long-term success. As part of this transition, we evolved our leadership structure and reorganized our operations to empower each business unit with greater flexibility and clearer ownership of results. We also brought our entire product strategy under one comprehensive team to sharpen our focus on future innovation and execution.' As part of these steps, the Company conducted a thorough inventory rationalization, reassessing its raw materials, work-in-process, and finished goods to identify and reserve for excess, obsolete, or discontinued inventory. This included legacy models at the end of their lifecycle, products no longer aligned with Ruger's long-term strategy, and Marlin-related items not included in that brand's future roadmap. In addition, the Company repositioned key elements of its product portfolio to better match today's market conditions, ensuring that its most desirable products reach consumers at competitive prices. While these actions adversely impacted this quarter's results, they strengthen Ruger's ability to pursue growth and deliver stability through cyclical markets. Mr. Seyfert also commented on the Company's July expansion into Hebron, Kentucky, 'Our recent acquisition demonstrates our commitment to strengthen Ruger's position as the nation's leading firearms manufacturer for the consumer market. We are delighted to have acquired the manufacturing facility and equipment formerly of Anderson Manufacturing and look forward to welcoming many of their skilled workers to the Ruger team. This $16 million investment, which was paid from cash on hand, will increase our capacity, strengthen our manufacturing capabilities and broaden our product offerings. As I have stated before, we will continue to be proactive in looking for strategic opportunities to grow our portfolio, maximize production and deliver consistent performance over time.' Other observations on the second quarter include: Sales of new products, including the RXM pistol, Super Wrangler revolver, Marlin lever-action rifles, and American Centerfire Rifle Generation II, represented $42.2 million or 33.5% of firearm sales in the second quarter of 2025. New product sales include only major new products that were introduced in the past two years. Compared to the second quarter of 2024, the Company's and distributors' finished goods inventories increased 4,000 units and 4,200 units, respectively. Cash provided by operations during the first half of 2025 was $25.9 million. On June 28, 2025, our cash and short-term investments totaled $101.4 million. Our current ratio is 4.0 to 1 and we have no debt. In the first half of 2025, capital expenditures totaled $6.7 million. The Company expects capital expenditures in the latter half of 2025 to increase from the first half of the year, exclusive of the Anderson purchase, as we invest in new product introductions, expand capacity, upgrade our manufacturing capabilities and strengthen our facility infrastructure. The Company returned $23.0 million to its shareholders in the first half of 2025 through: the payment of $6.9 million of quarterly dividends, and $16.1 million through the repurchase of 443,084 shares of its common stock at an average cost of $36.42 per share. On June 28, 2025, stockholders' equity was $289.3 million, which equates to a book value of $17.82 per share, of which $6.24 per share was cash and short-term investments. Mr. Seyfert concluded, 'We know the market remains dynamic, and we expect to see continued challenges and potential consolidation across the industry throughout the remainder of this year. Yet, our realignment and our acquisition strengthen Ruger's ability to respond, adapt and grow for the long term. We remain committed to our guiding principles: delivering rugged, reliable and innovative products, operating with financial discipline and creating long-term value for our shareholders.' Today, the Company filed its Quarterly Report on Form 10-Q for the second quarter of 2025. The financial statements included in this Quarterly Report on Form 10-Q are attached to this press release. Tomorrow, July 31, 2025, Sturm, Ruger will host a webcast at 9:00 a.m. ET to discuss the second quarter operating results. Interested parties can listen to the webcast via this link or by visiting Those who wish to ask questions during the webcast will need to pre-register prior to the meeting. The Quarterly Report on Form 10-Q for the second quarter of 2025 is available on the SEC website at and the Ruger website at Investors are urged to read the complete Quarterly Report on Form 10-Q to ensure that they have adequate information to make informed investment judgments. About Sturm, Ruger & Co., Inc. Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines, across both the Ruger and Marlin brands. For over 75 years, Ruger has been a model of corporate and community responsibility. Our motto, 'Arms Makers for Responsible Citizens ®,' echoes our commitment to these principles as we work hard to deliver quality and innovative firearms. The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events. STURM, RUGER & COMPANY, INC. (Dollars in thousands, except per share data) June 28, 2025 December 31, 2024 Liabilities and Stockholders' Equity Current Liabilities Trade accounts payable and accrued expenses $ 32,589 $ 35,750 Contract liabilities with customers 91 - Product liability 786 431 Employee compensation and benefits 17,998 18,824 Workers' compensation 5,758 5,804 Total Current Liabilities 57,222 60,809 Employee compensation 1,485 1,835 Product liability accrual 61 61 Lease liabilities 1,434 1,747 Contingent liabilities - - Stockholders' Equity Common Stock, non-voting, par value $1: Authorized shares 50,000; none issued - - Common Stock, par value $1: Authorized shares – 40,000,000 2025 – 24,490,478 issued, 16,233,934 outstanding 2024 – 24,467,983 issued, 16,654,523 outstanding 24,490 24,468 Additional paid-in capital 52,751 50,536 Retained earnings 420,271 436,609 Less: Treasury stock – at cost 2025 – 8,256,544 shares 2024 – 7,813,460 shares (208,179 ) (192,031 ) Total Stockholders' Equity 289,333 319,582 Total Liabilities and Stockholders' Equity $ 349,535 $ 384,034 Expand STURM, RUGER & COMPANY, INC. (Dollars in thousands, except per share data) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net firearms sales $131,567 $129,829 $266,762 $265,837 Net castings sales 924 932 1,467 1,744 Total net sales 132,491 130,761 268,229 267,581 Cost of products sold 127,345 101,607 233,188 209,024 Gross profit 5,146 29,154 35,041 58,557 Operating expenses: Selling 10,277 9,484 19,690 19,190 General and administrative 15,585 10,698 27,595 22,864 Total operating expenses 25,862 20,182 47,285 42,054 Operating (loss) income (20,716 ) 8,972 (12,244 ) 16,503 Other income: Interest income 954 1,329 1,992 2,684 Interest expense (22 ) (25 ) (38 ) (42 ) Other income, net 396 179 649 357 Total other income, net 1,328 1,483 2,603 2,999 (Loss) income before income taxes (19,388 ) 10,455 (9,641 ) 19,502 Income taxes (2,162 ) 2,191 (183 ) 4,154 Net (loss) income and comprehensive (loss) income $(17,226 ) $8,264 $(9,458 ) $15,348 Basic earnings per share $(1.05 ) $0.48 $(0.57 ) $0.88 Diluted earnings per share $(1.05 ) $0.47 $(0.57 ) $0.87 Expand STURM, RUGER & COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Dollars in thousands) Six Months Ended June 28, 2025 June 29, 2024 Operating Activities Net (loss) income $ (9,458 ) $ 15,348 Adjustments to reconcile net (loss) income to cash provided by operating activities: Depreciation and amortization 11,143 11,137 Stock-based compensation 2,415 2,152 Excess and obsolescence inventory reserve 40 (467 ) Inventory and other asset write-off 17,002 - Loss on disposal of assets 185 - Deferred income taxes (2,440 ) (2,751 ) Changes in operating assets and liabilities: Trade receivables 5,340 3,745 Inventories 10,247 6,945 Trade accounts payable and accrued expenses (3,194 ) (2,770 ) Contract liabilities with customers 91 (149 ) Employee compensation and benefits (1,123 ) (8,469 ) Product liability 355 (305 ) Prepaid expenses, other assets and other liabilities (4,726 ) 1,669 Cash provided by operating activities 25,877 26,085 Investing Activities Property, plant and equipment additions (6,746 ) (10,414 ) Purchases of short-term investments (63,793 ) (76,409 ) Proceeds from maturities of short-term investments 81,165 80,404 Cash provided by (used for) investing activities 10,626 (6,419 ) Financing Activities Remittance of taxes withheld from employees related to share-based compensation (178 ) (624 ) Repurchase of common stock (16,148 ) (20,276 ) Dividends paid (6,933 ) (6,787 ) Cash used for financing activities (23,259 ) (27,687 ) Increase (decrease) in cash and cash equivalents 13,244 (8,021 ) Cash and cash equivalents at beginning of period 10,028 15,174 Cash and cash equivalents at end of period $ 23,272 $ 7,153 Expand Non-GAAP Financial Measures In an effort to provide investors with additional information regarding its financial results, the Company refers to various United States generally accepted accounting principles ('GAAP') financial measures and three non-GAAP financial measures, EBITDA, EBITDA margin, and adjusted earnings per share, which management believes provides useful information to investors. These non-GAAP financial measures may not be comparable to similarly titled financial measures being disclosed by other companies. In addition, the Company believes that the non-GAAP financial measures should be considered in addition to, and not in lieu of, GAAP financial measures. The Company believes that EBITDA and EBITDA margin are useful to understanding its operating results and the ongoing performance of its underlying business, as EBITDA provides information on the Company's ability to meet its capital expenditure and working capital requirements, and is also an indicator of profitability. The Company believes that this reporting provides better transparency and comparability to its operating results. The Company uses both GAAP and non-GAAP financial measures to evaluate the Company's financial performance. EBITDA is defined as earnings before interest, taxes, and depreciation and amortization. The Company calculates this by adding the amount of interest expense, income tax expense, and depreciation and amortization expenses that have been deducted from net income back into net income, and subtracting the amount of interest income that was included in net income from net income to arrive at EBITDA. The Company's EBITDA calculation also excludes any one-time non-cash, non-operating expense. The Company calculates EBITDA margin by dividing EBITDA by total net sales. Non-GAAP Reconciliation – Adjusted EPS Adjusted Earnings per Share Adjusted earnings per share is defined as net income, adjusted to exclude items that may include, but are not limited to, significant charges or credits, and unusual and infrequent non-operating items that impact current results but are not related to our ongoing operations, such as M&A, integration and related costs. Adjusted diluted earnings per share is defined as adjusted net income divided by the weighted average diluted common shares outstanding.
Yahoo
16-07-2025
- Yahoo
Sturm, Ruger & Company, Inc. to Report Second Quarter 2025 Financial Results on Wednesday, July 30
SOUTHPORT, Conn., July 16, 2025--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE-RGR) will announce its financial results for the second quarter 2025 and file its Quarterly Report on Form 10-Q on Wednesday, July 30, 2025, after the close of the stock market. On Thursday, July 31, 2025, Sturm, Ruger will host a webcast at 9:00 a.m. ET to discuss the second quarter operating results. Interested parties can listen to the webcast via this link or by visiting Those who wish to ask questions during the webcast will need to pre-register prior to the meeting. About Sturm, Ruger Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines, across both the Ruger and Marlin brands. For over 75 years, Ruger has been a model of corporate and community responsibility. Our motto, "Arms Makers for Responsible Citizens®," echoes our commitment to these principles as we work hard to deliver quality and innovative firearms. The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events. View source version on Contacts Sturm, Ruger & Company, Lacey PlaceSouthport, CT 203-259-7843
Yahoo
01-07-2025
- Yahoo
Pritzker signs bill to protect gray fox, gives IDNR control over hunting season
ILLINOIS (WCIA) — A measure aimed at protecting the gray fox population in Illinois was signed into law by Governor JB Pritzker on Monday. House Bill 3760 creates a designated hunting season for the gray fox, according to Pritzker's office. And, it allows the Director of the Illinois Department of Natural Resources (IDNR) to set the hunting and trapping season for the gray fox, based on current research and population data. Changes coming to Illinois after Pritzker signs multiple bills State Senator Linda Holmes, one of the sponsors of the measure, said the gray fox population has been in decline for the last 30 years. Homes cited diseases, like canine distemper, and competition with coyotes, as part of the reason for the decline. But despite the decline, Illinois law did not allow the state to adjust the hunting season based on population numbers — until now. 'The Illinois Department of Natural Resources can be proactive in managing the gray fox population to avoid further declines and remove extra pressure on the population,' Holmes (D-Aurora) said in a news release. 'This applies for the 2025 hunting and trapping season only to provide adequate notice for hunters and trappers. IDNR can consider accommodating their future seasons when the population rebounds.' Rantoul officials share tips to keep pets happy during July 4th The law was signed on Monday and takes immediate effect. Other states such as Indiana, Ohio and Iowa, are also looking at similar legislation to address the gray fox decline. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
