Sturm, Ruger & Company, Inc. Reports Strong First Quarter Bookings March 21, 2012 Sturm, Ruger & Company, Inc. (NYSE: RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.
Chief Executive Officer Michael O. Fifer made the following comments:
- The Company’s Retailer Programs that were offered from January 1, 2012 through February 29, 2012 were very successful and generated significant orders from retailers to independent wholesale distributors for Ruger firearms.
- Year-to-date, the independent wholesale distributors placed orders with the Company for more than one million Ruger firearms.
- Despite the Company’s continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the Company has temporarily suspended the acceptance of new orders.
- The Company expects to resume the normal acceptance of orders by the end of May 2012.
The Company will announce its results and file its Quarterly Report on Form 10-Q for the first quarter of 2012 on Tuesday, May 1, 2012, after the close of the stock market.
According to the National Shooting Sports Foundation, 10.8 million firearms were sold in 2011, an increase of over 50% from the previous ten years.
Everyone from the NRA to the Tea Party is warning that should President Obama be re-elected, we will likely see a major assault on the Second Amendment . They argue that with Obama’s need to be re-elected gone, there will be nothing stopping him from going after your Second Amendment Rights.
“President Obama will move to “destroy” gun rights and “erase” the Second Amendment if he is re-elected in November.”
NRA Executive Vice President Wayne LaPierre said the president’s low-key approach to gun rights during his first term was “a “conspiracy to ensure re-election by lulling gun owners to sleep.”
“All that first term, lip service to gun owners is just part of a massive Obama conspiracy to deceive voters and hide his true intentions to destroy the Second Amendment during his second term.”
“We see the president’s strategy crystal clear: Get re-elected and, with no more elections to worry about, get busy dismantling and destroying our firearms’ freedom, erase the Second Amendment from the Bill of Rights and excise it from the U.S. Constitution.”