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Gun Sales for Sturm Ruger Highest since 1990-Profit 25 yr. High

 
Hard Eight
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User ID: 35278639
United States
08/01/2013 11:47 AM
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Gun Sales for Sturm Ruger Highest since 1990-Profit 25 yr. High
Sturm, Ruger & Co. (RGR) defied concern that the fading debate over gun control would crimp demand for firearms with its highest quarterly sales since at least 1990.

The largest publicly traded U.S. firearms maker is seeing “true demand” as the federal gun-control push fades.

Its annual profit surged to a 25-year high in 2012 as buyers stocked up amid rising momentum for new laws.

Sturm Ruger said second-quarter net income jumped 79 percent to $32.3 million, or $1.63 a share, from $18 million, or 91 cents, a year earlier.

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[link to www.bloomberg.com]
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Hard Eight  (OP)

User ID: 35278639
United States
08/01/2013 11:48 AM
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Re: Gun Sales for Sturm Ruger Highest since 1990-Profit 25 yr. High
The gun maker credited the "current political environment" for creating strong demand for guns. President Barack Obama and some lawmakers called for tougher gun laws after a shooting in December left 20 children dead at a school in Newtown, Conn. A proposal to expand background checks failed in the Senate.

In a regulatory filing, the company said that 525,600 guns were ordered in the quarter, up from 291,000 in the same period last year. The average sales price was $306, up from $280 a year ago.

[link to www.cnbc.com]
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Hard Eight  (OP)

User ID: 35278639
United States
08/01/2013 03:26 PM
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Re: Gun Sales for Sturm Ruger Highest since 1990-Profit 25 yr. High
Sturm Ruger Jumps as ‘Political Environment’ Keeps Demand High

Sturm Ruger & Co. (RGR) shares were on the rise Thursday after the gun maker said demand has remained intense for pistols and rifles, in part because of the threat that stricter legislation could still pose to the firearms industry.

[link to finance.yahoo.com]
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Anonymous Coward
User ID: 34902074
Canada
08/01/2013 03:28 PM
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Re: Gun Sales for Sturm Ruger Highest since 1990-Profit 25 yr. High
I hope they don't start lacking in quality control and fit and finish with the huge increase in demand and manufacturing output.
Hard Eight  (OP)

User ID: 35278639
United States
08/01/2013 03:47 PM
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Re: Gun Sales for Sturm Ruger Highest since 1990-Profit 25 yr. High
I hope they don't start lacking in quality control and fit and finish with the huge increase in demand and manufacturing output.
 Quoting: Anonymous Coward 34902074


Agreed. They generally get pretty good marks on their stuff. Saw where the Arizona floods had shut-down productions but they were back running in a few days. LCP is good for what it is but not much fun to shoot. I've got 9's-.40's and .45's and they are rock solid and built like a tank.
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 





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