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Gun Reports - News

Sturm, Ruger & Company, Inc. Reports Second Quarter Earnings

PRESCOTT, Ariz. (August 4, 2009)--Sturm, Ruger & Company, Inc. (NYSE-RGR) announced last week that for the second quarter of 2009, the Company reported net sales of $72.4 million and earnings of 46¢ per share, compared with sales of $38.7 million and earnings of 5¢ per share in the second quarter of 2008.

For the six months ended July 4, 2009, net sales were $135.9 million and earnings were 76¢ per share. For the corresponding period in 2008, net sales were $81.2 million and earnings were 12¢ per share.

Chief Executive Officer Michael O. Fifer made the following comments related to the second quarter of 2009:

The company’s firearms sales grew 94% from the second quarter of 2008 and 14% from the first quarter of 2009.

The company estimates that its year-to-date sales growth of $54.7 million can be attributed to the following:

--Approximately 50% new products (LCP, LCR, SR-9, and SR-556),

--Approximately 25% industrywide surge in demand that began in the fourth quarter of 2008, and

Approximately 25% increased marketshare.

The company’s firearms unit production grew 63% from the second quarter of 2008 and 18% from the first quarter of 2009.

Reader Comments

Watch out, Ruger. Obama hates profit. He will be coming after you with a vengeance.

Comment by: dgray64 | August 6, 2009

It seems pretty evident that in this dour economy, investing in the gun business is a good move, as no other industry can claim this kind of growth!

Comment by: Jim B | August 6, 2009

Profit and firearms together??? Oh my, how terrible, the sicialist regime will not like this. On the lighter side, congratulations are in order to Ruger for their savvy marketing and their excellent products. I hope this uniquely American company stays in business for a long, long time.

Comment by: TJ L | August 6, 2009

Glad to here it, bought a couple this year already this year. God Bless America and Our Troops, Past,Present, And Past Keeping My Oath, Locked Loaded and Keeping My Powder Dry

Comment by: bear1 | August 6, 2009

The fact that it over-builds guns that can put up with a lot of abuse, hasn't hurt them at all. One day I will have an SR9. Just can't seem to part with what I have already.

Comment by: dgray64 | August 7, 2009