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Keep an eye on traffic there, that should be a good clue. JMO
Yes, I got one last night. Damn government is still trying to get our guns. Some of our fellow Americans asked for change, they got it, now they do not like it. Anyone want GW back? I will take him quickly.
NH
Yes, I got one last night. Damn government is still trying to get our guns. Some of our fellow Americans asked for change, they got it, now they do not like it. Anyone want GW back? I will take him quickly.
NH
Not only that but there seems to be an increase in the NRA
legislative alerts that I receive. Gun control has been on the back burner but perhaps is moving forward again. We'll see.
I live 13 miles from the factory, I should be on the ball.
NH
I played it a yr ago, missed this one.
Jim
Damn, I should have jumped into this big time a couple of months ago when I wanted to. However, Go Ruger Go!!! Instead, I bought two new Rugers, ERR!!!!! I could have enough cash to have bought the or four new Rugers!
I bought some more the other day, Green already.
I hope this stock is starting to climb back up to where it should be. They have many new products, they have revived some popular older products, and they all appear to be selling well. Even in these tough tough times I would think their stock price should be higher. JMO
RGR - Expanding Stock Repurchase Program
Sturm, Ruger & Company, Inc. Announces Expansion of Its Stock Repurchase Program to $10 Million
Date : 02/05/2010 @ 5:05PM
Source : Business Wire
Stock : Sturm, Ruger & Company, Inc. (RGR)
Quote : 10.46 0.02 (0.19%) @ 8:00PM
Sturm, Ruger & Company, Inc. Announces Expansion of Its Stock Repurchase Program to $10 Million
Sturm, Ruger & Company, Inc. (NYSE: RGR) today announced that its Board of Directors has expanded its stock repurchase program from $4.7 million to $10 million. The Company is now authorized to repurchase up to $10 million of its common stock from time to time in the open market or through privately negotiated transactions
About Sturm, Ruger Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ
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 including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, 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.
http://ih.advfn.com/p.php?pid=nmona&cb=1265490730&article=41424272&symbol=NY^RGR
- Statement of Ownership (SC 13G)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Sturm Ruger & Company, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
864159108
(CUSIP Number)
12/31/2009
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X]
Rule 13d-1(b)
[ ]
Rule 13d-1(c)
[ ]
Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Page 2 of 4
CUSIP No. 864159108
1.
Names of Reporting Persons:
OppenheimerFunds, Inc.
2.
Check the Appropriate Box if a Member of a Group (See Instructions): Joint filing
3.
SEC Use Only
4.
Citizenship or Place of Organization:
Colorado
Number of Shares Beneficially Owned by Each Reporting Person With:
5.
Sole Voting Power:
0
6.
Shared Voting Power:
1,042,821
7.
Sole Dispositive Power:
0
8.
Shared Dispositive Power:
1,042,821
9.
Aggregate Amount Beneficially Owned by Each Reporting Person:
1,042,821 (beneficial ownership disclaimed pursuant to Rule 13d-4 of the Exchange Act of 1934)
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[ ]
11.
Percent of Class Represented by Amount in Row (9):
5.47%
12.
Type of Reporting Person (See Instructions):
IA
Page 3 of 4
Item:
1(a)
Name of Issuer:
Sturm Ruger & Company, Inc.
1(b)
Address of Issuer's Principal Executive Offices:
One Lacey Place
Southport, CT 06890
2(a)
Name of Person Filing:
OppenheimerFunds, Inc.
2(b)
Address of Principal Business Office or, if none, Residence:
Two World Financial Center
225 Liberty Street
New York, NY 10281
2(c)
Citizenship:
Colorado
2(d)
Title of Class of Securities:
Common Stock
2(e)
CUSIP Number:
864159108
3
OppenheimerFunds, Inc. is an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
4(a)
Amount beneficially owned:
1,042,821 (beneficial ownership disclaimed pursuant to Rule 13d-4 of the Exchange Act of 1934)
4(b)
Percent of class:
5.47%
4(c)
(i)
(ii)
(iii)
(iv)
Number of shares as to which the person has:
Sole power to vote or to direct the vote:
0
Shared power to vote or to direct the vote:
1,042,821
Sole power to dispose or to direct the disposition of:
0
Shared power to dispose or to direct the disposition of:
1,042,821
5.
Ownership of Five Percent or Less of a Class: [ ]
6.
Ownership of More than Five Percent on Behalf of Another Person.:
N/A
Page 4 of 4
7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
N/A
8.
Identification and Classification of Members of the Group:
N/A
9.
Notice of Dissolution of Group:
N/A
10.
Certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
02/02/2010
Date
/s/ Mark S. Vandehey
Signature
Mark S. Vandehey, Sr. Vice President
and Chief Compliance Officer
Name/Title
sturm ruger & company inc initial 13g 123109.rtf
http://ih.advfn.com/p.php?pid=nmona&cb=1265490730&article=41374049&symbol=NY^RGR
- Amended Statement of Ownership (SC 13G/A)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.: 2*
Name of Issuer: Sturm, Ruger & Company, Inc.
Title of Class of Securities: Common Stock
CUSIP Number: 864159108
Date of Event Which Requires Filing of this Statement: 12/31/2009
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed.
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and
for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed
to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however,
see the Notes).
CUSIP No.: 864159108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Janus Capital Management LLC
EIN #75-3019302
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
a. ___
b. _X_
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
301,046**
6. SHARED VOTING POWER
-0-
7. SOLE DISPOSITIVE POWER
301,046**
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
301,046**
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%**
12. TYPE OF REPORTING PERSON
IA, HC
** See Item 4 of this filing
CUSIP No.: 864159108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Janus Venture Fund
84-0964425
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
a. ___
b. _X_
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
265,555**
6. SHARED VOTING POWER
-0-
7. SOLE DISPOSITIVE POWER
265,555**
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,555**
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.4%**
12. TYPE OF REPORTING PERSON
IV
** See Item 4 of this filing
Item 1.
(a). Name of Issuer: Sturm, Ruger & Company, Inc. ("Sturm")
(b). Address of Issuer's Principal Executive Offices:
Lacey Place
Southport, CT 06890
Item 2.
(a).-(c). Name, Principal Business Address, and Citizenship of
Persons
Filing:
(1) Janus Capital Management LLC ("Janus Capital")
151 Detroit Street
Denver, Colorado 80206
Citizenship: Delaware
(2) Janus Venture Fund
151 Detroit Street
Denver, Colorado 80206
Citizenship: Massachusetts
(d). Title of Class of Securities: Common Stock
(e). CUSIP Number: 864159108
Item 3.
This statement is filed pursuant to Rule 13d-1 (b) or 13d-2(b) and
the person filing, Janus Capital, is an investment adviser in
accordance with Section 240.13d-1(b)(ii)(E) as well as a parent
holding company/control person in accordance with Section 240.13d-
1(b)(ii)(G). See Item 4 for additional information.
Janus Venture Fund is an Investment Company registered under
Section 8 of
the Investment Company Act of 1940.
Item 4. Ownership
The information in items 1 and 5 through 11 on the cover page(s)
on Schedule 13G
is hereby incorporated by reference.
Janus Capital has a direct 91.8% ownership stake in INTECH
Investment Management ("INTECH") and a direct 77.8% ownership
stake in Perkins Investment Management LLC ("Perkins"). Due to
the above ownership structure, holdings for Janus Capital, Perkins
and INTECH are aggregated for purposes of this filing. Janus
Capital, Perkins and INTECH are registered investment advisers,
each furnishing investment advice to various investment companies
registered under Section 8 of the Investment Company Act of 1940
and to individual and institutional clients (collectively referred
to herein as "Managed Portfolios").
As a result of its role as investment adviser or sub-adviser to
the Managed Portfolios, Janus Capital may be deemed to be the
beneficial owner of 301,046 shares or 1.6% of the shares
outstanding of Sturm Common Stock held by such Managed Portfolios.
However, Janus Capital does not have the right to receive any
dividends from, or the proceeds from the sale of, the securities
held in the Managed Portfolios and disclaims any ownership
associated with such rights.
Janus Venture Fund is an investment company registered under the
Investment Company Act of 1940 and is one of the Managed
Portfolios to which Janus Capital provides investment advice.
Item 5. Ownership of Five Percent or Less of a Class
This statement is being filed to report the fact that the
reporting persons have
ceased to be the beneficial owners of more than five percent of
the class of securities.
This statement is being filed to report the fact that Janus
Venture Fund has ceased to be the beneficial owners of more than
five percent of the class of
securities.
These shares were acquired in the ordinary course of business, and
not with the
purpose of changing or influencing control of the Issuer.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing
or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purposes or effect.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
JANUS CAPITAL MANAGEMENT LLC
By /s/ David R. Kowalski 1/31/2010
David R. Kowalski, Date
Senior Vice President & CCO
JANUS VENTURE FUND
By /s/ David R. Kowalski 1/31/2010
David R. Kowalski, Date
Senior Vice President & CCO
EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act
of 1934, the
persons named below agree to the joint filing on behalf of each of
them of a Statement on Schedule 13G (including amendments thereto)
with respect to the Common Stock of Sturm, Ruger & Company, Inc.
and further agree that this Joint Filing Agreement be included as
an Exhibit to such joint filings. In evidence thereof, the
undersigned hereby execute this Agreement as of the 31st day of
January, 2010.
JANUS CAPITAL MANAGEMENT LLC
By /s/ David R. Kowalski
David R. Kowalski, Senior Vice President & CCO
JANUS VENTURE FUND
By /s/ David R. Kowalski
David R. Kowalski, Senior Vice President & CCO
http://ih.advfn.com/p.php?pid=nmona&cb=1265490730&article=41342885&symbol=NY^RGR
RGR is looking good
HAPPY NEW YEAR EVERYONE!
Thank You, and in return:
Happy Thanksgiving
This Thanksgiving holiday with its blessings so grand
Should serve to remind us of the joys at hand
The friendships we treasure, our families dear
The love we've been given and shared, year to year
The food at our tables, where many have none
The dawn of each morning beneath the bright sun
The dreams that we carry; the warmth in our hearts
That bring us together when we are apart.
The walks by the lakeshore as stars light the sky
The joys in the children who quickly pass by
The stillness of nature, the comforts of home
Each blessing the greatest that could ever be known
The warm, pleasured scents from the kitchen, delight
Arousing the senses near the firelight
The wondrous decor of the season to come
Good tidings, best wishes for everyone.
The freedom we hold, so to live peacefully
The soldiers who serve us, so diligently
The air that we breathe, the flowers we grow
The brightness of spring, the coldness of snow
Our sons and daughters, our husbands and wives
And the furry creatures who capture our lives –
All are blessings we’re given to cherish, always
Yet, especially so on Thanksgiving Day.
Celebrate this time for the beauty abound
Be thankful for all of the blessings you've found
For in the end, blessed you will truly be –
A soul filled with love, peace and harmony
Happy Thanksgiving, my friends; I am blessed, indeed
I am thankful for the love you have shared, selflessly
May each road that you travel be paved with a smile
Have a wonderful holiday....enjoyed in style!
Jill Eisnaugle’s Poetry Collection
Happy Thanksgiving!
Between the two of we sit on two of the best American made gun industries.
Thanks, it is an honor to be on your board.
Thanks for the post new assistant.
Rougier: Press Release - Consolidated Revenues at 30 September 2009
Regulatory News:
Paris, 9 November 2009
Rougier (Paris:RGR) recorded €91.5 million in revenues at 30 September 2009, down 28% in relation to 30 September 2008. Revenues for the third quarter of 2009 were maintained at an identical level to the previous three quarters despite the recurrent slowdown in business over the summer in France and Europe; they totaled €30.4 million, contracting 23.2%, representing a more moderate decline than in the first and second quarters of 2009
Developments for each business
* France Import-Distribution: holding up well in a difficult economic environment
The France Import-Distribution segment recorded €26.6 million in revenues at 30 September 2009, down 27% in relation to 30 September 2008. In the third quarter of 2009, revenues decreased by 18.9% versus the third quarter of 2008, a limited fall compared with that seen in previous quarters; the commercial efforts made have enabled the Group to limit the impacts of the major contraction on the construction market.
* Africa and International Trade: better level of business in the third quarter
The African and International Trade segment posted €71.5 million in revenues at 30 September 2009, down 27.7% in view of the voluntary reduction in industrial and forest capacities faced with the decline in the global economic environment. The third quarter of 2009 shows sequential business growth, with revenues for the period up 3.5% compared with the second quarter of 2009.
Change in the product mix
Changes to the breakdown of revenues between the Group's various products over the first nine months followed on from trends for the previous months:
* To benefit from the favorable environment on the logs market, Rougier has stepped up its production and its commercial actions in this sector. Within this context, logs accounted for 37.9% of revenues, compared with 29.7% at 30 September 2008, with revenues down by only 7.9% compared with the corresponding prior period in 2008. For the third quarter of 2009, sales, driven by Asian demand, rose 9.3% in relation to the second quarter of 2009.
* Sawn timber sales are down 42.8%, representing 38.9% of consolidated revenues versus 48.9% for the same period in 2008. With prices now stable, business is continuing to be penalized by insufficient volumes due to the sluggishness of the underlying construction markets in the main developed countries. The contraction in sales seems to have been kept under control, with business stabilizing over the third quarter.
* Sales of plywood represented 23.2% of consolidated revenues at 30 September 2009, compared with 21.3% one year earlier. Factoring in the traditional slowdown over the summer period, sales held up better during the third quarter of 2009, boosted by the FSC certification; compared with the same period of the previous year, volumes sold are up by more than 10%, although offset by a less favorable mix effect.
Developments for each region
At 30 September 2008 2009
Europe 63% 57%
Asia 21% 32%
Mediterranean Basin and Middle East 11% 8%
America 3% 1%
Sub-Saharan Africa 2% 2%
The Group has continued to adapt its commercial policy in light of demand on the various markets, enabling it to benefit from the growth differentials for emerging countries. The European and American markets are still being hit by a major slowdown, while the dynamic markets in Asia and certain emerging countries are benefiting from their resurgent domestic construction and infrastructure markets.
Outlook
In the current economic climate, visibility is still limited. However, in light of the first signs of demand progressively picking up again in the main developed countries, Rougier is able to confirm that the two industrial and timber sites that were previously shut down will be opened up again at a measured pace at the start of the fourth quarter. The commercial efforts made, combined with the reduction in inventories within the import-distribution chain, are paving the way for a gradual upturn in sales in 2010. Nevertheless, Rougier is maintaining a cautious approach; the ongoing global program to reduce fixed costs and production costs should enable it to gradually return to profitability.
Codes: ISIN: FR0000037640 - BLOOMBERG: RGR FP - REUTER: ROUG.PA
NYSE-EURONEXT Paris Eurolist, Compartment C
www.rougier.fr
RGR Strong Cash Flow
Sturm, Ruger & Co: Strong Cash Flow + Peak SI Ratio (Squeeze) + Low Valuation = Strong Long 5 comments
by: Gus McRae
October 16, 2009
Sturm Ruger (RGR)
$12:50/share
Base case Price target: $19.50 or 15x 2010 trough earnings ($1 ex cash). The Best case could be far more dear.
Tremendous execution: Sturm Ruger continues to execute: new, higher gross margin products, improved manufacturing and sourcing and sharper marketing. While the peak of the gun buying "surge" is over, RGR continues to outgrow the healthy market by dominating the concealed carry personal defense segment and entering the lucrative AR segment. While backlog will fade back to historical levels over the next year, RGR will continue to generate high returns on capital and high cash flow on the solid core (ex surge) sales growth.
Short Squeeze looks obvious: Curiously, short sellers continue to pile into this potential short squeeze disaster with the "melt up" risk rising with each additional share sold short. Currenty, nearly 27 days of current volume are sold short meaning the ability to cover and exit without price impact is impossible. So the "surge" has ended yet RGR continues to put up some of the strongest numbers in its history. Ruger screens as the highest short interest of any company with NET CASH and a sub 10x P/E. A very dangerous short indeed.
Strong Earnings: My expectations for Q3 are 70mm in top line with a 22% operating margin yielding 15mm in operating income. For Q4 I estimate nearly the same margins and top line as Ruger is running at full capacity. Tax effected, the company should earn $.50/share or better. Adding Q3 and Q4 together, Ruger will generate $1 of earnings in the back half of the year which yields $1.76 for the year.
Super Cheap Valuation: Backing out the year end $3 in cash (or more) from the current 12.50/share price = 9.50/1.76 = 5.4x 2009 earnings. My minimum expectation for 2010 is $1 (and could be far higher with extensions into new product categories such as military, police, and a renewed effort in shotguns). Backing out the $4 in cash from ending 2010, the shares trade at just 8.5x post surge trough earnings. And this all for a company that generates 20% returns on capital that has been successfully turned around over the past 3 years. Additionally, the company has the ability to re-purchase even more of the remaining 19.1mm shares outstanding. Over the past 3 years, the company has bought back nearly 30% of the shares outstanding.
Earnings Kicker: In addition to a super undervalued stock and overshorted equity, there is a chance that Ruger uses its cash horde to do an acquisition of another manufacturing turnaround target that could take future earnings potential well above even the most optimistic forecasts.
Political kicker: While the shorts are focused on the end of the surge - which has already occurred without drama and a steady sales level - there is a good chance that the remaining hand gun bans in place in the country are repealed as most Supreme Court watchers expect. While the shorts are focused on the negative political implications, the regulatory winds are actually far better than is understood.
Buy Ruger. Price target $19-20.
http://seekingalpha.com/article/166929-sturm-ruger-co-strong-cash-flow-peak-si-ratio-squeeze-low-valuation-strong-long?source=yahoo
Third Quarter Earnings - 2009
Sturm, Ruger & Company, Inc. Reports Third Quarter Earnings of 37c Per Share and Declares Dividend of 9.6c Per Share
October 28, 2009
SOUTHPORT, Conn., Oct 28, 2009 (BUSINESS WIRE) -- RGR | Quote | Chart | News | PowerRating -- Sturm, Ruger & Company, Inc. (NYSE-RGR), announced today that for the third quarter of 2009, the Company reported net sales of $71.2 million and earnings of 37c per share, compared with sales of $41.8 million and earnings of 2c per share in the third quarter of 2008.
For the nine months ended October 3, 2009, net sales were $207.1 million and earnings were $1.13 per share. For the corresponding period in 2008, net sales were $123.0 million and earnings were 14c per share.
The Company also announced today that its Board of Directors declared a dividend of 9.6c per share for the third quarter, for shareholders of record as of November 13, 2009, payable on November 30, 2009. The amount of the dividend was based on a percentage of Operating Profit after adjustment for certain items, the same approach used by the Company in the first two quarters of 2009. Under this approach, the amount of the quarterly dividend fluctuates directly with certain operating results of the Company.
Chief Executive Officer Michael O. Fifer made the following comments related to the third quarter of 2009:
-- Demand for Ruger firearms remained strong as the estimated sell-through of our products from distributors to retail in the third quarter of 2009 was 214,500 units, compared with estimated sell through of 143,100 units in the third quarter of 2008.
-- This year-over-year increase in demand of approximately 50% substantially exceeded the 11% growth in the National Instant Check System (NICS) background checks over the same period, suggesting the likelihood of some market share gain by the Company and some increase in inventory at the retailers. Comparisons of NICS checks from period to period are often used as a proxy for consumer demand for firearms.
-- Our firearms unit production in the third quarter of 2009 was 242,500 units, compared with production of 158,900 units in the third quarter of 2008, an increase of 53% year over year.
-- Cash generated from operations during the third quarter of 2009 was $15.2 million. At the end of the third quarter of 2009, our cash, cash equivalents and short-term investments totaled $53.1 million. Our pre-LIFO working capital of $102.3 million, less the LIFO reserve of $41.3 million, resulted in working capital of $61.0 million and a current ratio of 2.8 to 1. The Company has no debt.
-- For the first nine months of 2009, capital expenditures totaled $10.3 million. We expect to invest approximately $13 million for capital expenditures during 2009.
Today, the Company filed its Quarterly Report on Form 10-Q for the third quarter of 2009. The financial statements included in this Quarterly Report on Form 10-Q are attached to this press release.
The Quarterly Report on Form 10-Q is available on the SEC website at www.sec.gov and the Ruger website at www.ruger.com/corporate/. Investors are urged to read the complete Form 10-Q to ensure that they have adequate information to make informed investment judgments.
The Company will host a webcast on Thursday, October 29, 2009, at 9:00am EDT to discuss the third quarter operating results. Interested parties can access the webcast at www.ruger.com/corporate or www.earnings.com.
About Sturm, Ruger
Sturm, Ruger was founded in 1949 and is one of the nation's leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
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 including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, 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.
Condensed Balance Sheets (Unaudited)
(Dollars in thousands, except share data)
October 3, 2009 December 31, 2008
Assets
Current Assets
Cash and cash equivalents $ 5,881 $ 9,688
Short-term investments 47,237 18,558
Trade receivables, net 26,744 25,809
Gross inventories 50,903 59,846
Less LIFO reserve (41,310 ) (44,338 )
Less excess and obsolescence reserve (2,545 ) (3,569 )
Net inventories 7,048 11,939
Deferred income taxes 5,343 6,400
Prepaid expenses and other current assets 2,646 3,374
Total current assets 94,899 75,768
Property, plant and equipment 133,559 125,026
Less allowances for depreciation (102,031 ) (98,807 )
Net property, plant and equipment 31,528 26,219
Deferred income taxes 9,667 7,743
Other assets 3,853 3,030
Total Assets $ 139,947 $ 112,760
STURM, RUGER & COMPANY, INC.
October 3, 2009 December 31, 2008
Liabilities and Stockholders' Equity
Current Liabilities
Trade accounts payable and accrued expenses $ 11,526 $ 10,235
Product liability 1,253 1,051
Employee compensation and benefits 12,604 7,994
Workers' compensation 4,600 5,067
Income taxes payable 3,942 4,171
Line of credit - 1,000
Total current liabilities 33,925 29,518
Accrued pension liability 16,933 16,946
Product liability accrual 974 693
Contingent liabilities - Note 9 -- --
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
2009 - 22,798,732 issued,
19,072,790 outstanding
2008 - 22,798,732 issued,
19,047,323 outstanding 22,827 22,799
Additional paid-in capital 7,330 2,442
Retained earnings 111,110 93,500
Less: Treasury stock - at cost
2009 - 3,753,821 shares
2008 - 3,751,419 shares (30,167 ) (30,153 )
Accumulated other comprehensive loss (22,985 ) (22,985 )
Total Stockholders' Equity 88,115 65,603
Total Liabilities and Stockholders' Equity $ 139,947 $ 112,760
STURM, RUGER & COMPANY, INC.
Condensed Statements of Income
(Unaudited)
(Dollars in thousands, except per share data)
Three Months Ended Nine Months Ended
October 3, September 27, October 3, September 27,
2009 2008 2009 2008
Net firearms sales $ 70,011 $ 40,318 $ 203,611 $ 117,186
Net castings sales 1,175 1,504 3,495 5,806
Total net sales 71,186 41,822 207,106 122,992
Cost of products sold 49,404 34,964 140,766 96,985
Gross profit 21,782 6,858 66,340 26,007
Expenses:
Selling 5,145 3,864 15,909 12,350
General and administrative 4,556 2,615 14,940 9,524
Other operating expenses, net 750 - 750 -
Total operating expenses 10,451 6,479 31,599 21,874
Operating income 11,331 379 34,741 4,133
Other income:
Interest income (expense) 8 72 (12 ) 352
Other income, net 125 150 101 204
Total other income, net 133 222 89 556
Income before income taxes 11,464 601 34,830 4,689
Income taxes 4,356 229 13,235 1,782
Net income $ 7,108 $ 372 $ 21,595 $ 2,907
Earnings per share
Basic $ 0.37 $ 0.02 $ 1.13 $ 0.14
Diluted $ 0.37 $ 0.02 $ 1.12 $ 0.14
Average shares outstanding
Basic 19,070 20,047 19,058 20,398
Diluted 19,377 20,054 19,208 20,429
STURM, RUGER & COMPANY, INC.
Condensed Statements of Cash Flows
(Unaudited)
(Dollars in thousands)
Nine Months Ended
October 3, 2009 September 27, 2008
Operating Activities
Net income $ 21,595 $ 2,907
Adjustments to reconcile net income to cash provided by operating
activities:
Depreciation 4,987 3,518
Slow moving inventory valuation adjustment (256 ) 280
Stock-based compensation 3,505 419
Gain on sale of assets (39 ) (95 )
Deferred income taxes (868 ) 133
Changes in operating assets and liabilities:
Trade receivables (935 ) (3,868 )
Inventories 5,147 (3,813 )
Trade accounts payable and accrued expenses 5,433 3,054
Product liability 483 (263 )
Prepaid expenses, other assets and other liabilities (106 ) (2,963 )
Income taxes (229 ) 1,333
Cash provided by operating activities 38,717 642
Investing Activities
Property, plant and equipment additions (10,301 ) (6,380 )
Proceeds from sale of assets 44 95
Purchases of short-term investments (78,217 ) (21,931 )
Proceeds from maturities of short-term investments 49,538 32,400
Cash provided by (used for) investing activities (38,936 ) 4,184
Financing Activities
Tax benefit from exercise of stock options 1,411 -
Repayment of line of credit balance (1,000 ) -
Repurchase of common stock (14 ) (7,352 )
Dividends paid (3,985 ) -
Cash used for financing activities (3,588 ) (7,352 )
Decrease in cash and cash equivalents (3,807 ) (2,526 )
Cash and cash equivalents at beginning of period 9,688 5,106
Cash and cash equivalents at end of period $ 5,881 $ 2,580
Sturm Ruger's New Ruger 10/22VLEH
Sturm, Ruger Announces the New Ruger 10/22VLEH Target Tactical Rifle
September 30, 2009
Sturm, Ruger & Company, Inc. (NYSE-RGR) announces the Ruger 10/22VLEH Target Tactical rifle, a new version of the 10/22T Target rifle that provides many of the features offered in the Hawkeye® Tactical bolt-action rifle.
The 10/22VLEH starts out as a 10/22® Target Model. It retains the precision-rifled, cold hammer-forged, spiral-finished barrel, but the barrel is shortened to 16-1/8" to reduce weight and improve handling. The .920" OD match-grade barrel is capped with a target crown that protects the rifling at the muzzle.
The 10/22VLEH barreled action resides in a Hogue® OverMolded® stock. This non-slip, rugged stock has been an aftermarket favorite among 10/22 enthusiasts, and is now offered in a factory-standard rifle. The straight-comb Hogue® stock provides double palm swells, a varminter-style forend, and is complete with swing swivel studs and a thick, comfortable recoil pad.
The 10/22T target trigger is standard in the 10/22VLEH, offering a factory-crisp trigger with a lighter pull weight, allowing this precision-made rifle to meet its full accuracy potential.
Finally, this full-featured rifle includes a precision-adjustable bipod for steady shooting from the bench.
Assembled with an empty ten-round rotary magazine, the 10/22VLEH Target Tactical weighs 6-7/8 pounds (without bipod). It has proven itself to be a highly accurate rendition on the Ruger 10/22, famous for its ruggedness and reliability among rimfire autoloading rifles.
About Sturm Ruger
Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
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 including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, 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 & Co., Inc. “Arms Makers for Responsible Citizens”
Ruger 2010 Catalog Features New Firearms
Ruger Announces Release of 2010 Catalog Featuring New Firearms
October 15, 2009
Sturm, Ruger & Company, Inc. (NYSE-RGR) announces the release of its 2010 catalog featuring several new firearm offerings and information on the extensive line of Ruger® rifles, shotguns, pistols and revolvers.
Ruger No. 1 Rifles in additional calibers.
Fans of single-shot rifles will have even more to choose from in 2010 as Ruger has announced two additional calibers, one old and one new, in the classic Ruger No. 1 rifles. The Ruger No. 1 Medium Sporter is now available chambered for the classic 300 Holland & Holland Magnum. This 7.25 pound Ruger 1-S rifle features a 1:10 right hand twist with a 26" blued alloy steel barrel and receiver on an American Walnut stock. The 300 H&H Magnum ammunition, originally introduced on the 1920's, is available today from Hornady in a 180 grain bullet that surpasses original performance. The new Ruger 1-S chambered in 300 H&H comes equipped with adjustable rear and blade front sights. All No. 1 rifles are shipped with Ruger patented scope rings to mount on the integral scope base for a solid scope mount that cannot shoot loose.
The new, super accurate 6.5 Creedmoor caliber is now available in the Ruger No. 1 Standard 1-B single-shot rifle. The 1-B features an American walnut stock, blued receiver and 26" barrel. The 1-B has an overall length of 42.5 inches and weighs 8 pounds.
Originally introduced in 1967, Ruger No. 1 rifles have become the firearm of choice for those seeking the challenge of placing a single, accurate shot. The Ruger No. 1 rifle is an under-lever operated, falling block single-shot rifle. Its artillery-style breechblock is lowered by operating the under-lever, exposing the firing chamber. A single cartridge is inserted into the firing chamber, the lever is closed, and the rifle is ready to fire at a selected target. A convenient sliding tang safety is instantly visible and readily accessible.
Left-Handed M77® Hawkeye® Rifles in RCM Calibers
Left-handed shooters can now enjoy the performance of the .300 and .338 Ruger Compact Magnum cartridges in a Ruger M77 Hawkeye rifle. These true left-handed rifles feature the ejection port, extractor, bolt handle, and 3-position manual safety all on the left side of the rifle. No compromises have been made to their legendary Ruger reliability and ease of operation.
The RCM cartridges are chambered in the compact action Ruger M77 Hawkeye rifles with features that include the smooth and crisp Ruger LC6™ trigger for improved out-of-the-box trigger pull, and a red rubber recoil pad that provides more effective recoil reduction. The action and 20" barrel have a Hawkeye Matte Blued finish. The slim M77 Hawkeye's American Walnut stock offers wrap-around cut checkering on the forearm and more rounded contours on the bottom of the stock and top of the pistol grips.
Other features of the left-handed Ruger M77 Hawkeye rifles are the Mauser-type controlled feeding and powerful claw extractor, 3-position safety, hammer-forged steel barrels, and free Ruger patented scope rings. The design of the patented steel floorplate, which bears the distinctive Ruger logo, provides easy unloading and eliminates accidental "dumping" of ammunition.
The RCM cartridges, developed in conjunction with Hornady Manufacturing Co., are extreme cartridges for extreme hunting. Based on the beltless .375 Ruger, the .300 and .338 RCMs are engineered to offer .300 and .338 Win. Magnum performance in a more compact package. The .300 RCM is available in 150-grain GMX and 150, 165 and 180-grain SST offerings. Each .300 RCM load exceeds comparative .300 Win. Mag. loads from a 20" barrel. Muzzle velocities for the .300 RCM SST loadings are 3,170 fps, 3,030 fps, and 2,900 fps, respectively - from a 20" factory barrel. The .338 RCM is available in the newly developed 200 gr SST, and 225 gr SST offerings. Velocities for the .338 RCMs are 2,850 fps and 2,710 fps respectively, easily out performing the .338 Win. Mag. of equal barrel length.
M77® Hawkeye® Sporter and M77® Mark II Target Rifles
Both the M77 Hawkeye Sporter and the M77 Mark II Target Rifles feature a stock color change for 2010. The brown laminate stock has been replaced with a black laminate stock to better complement the matte stainless steel finish on both lines of rifles.
The M77 Hawkeye Sporter rifles are equipped with the innovative features of the M77 Hawkeye rifles, including the Ruger LC6™ trigger for improved out-of-the-box trigger pull and slimmer stocks with wrap-around cut checkering on the forearm and more rounded contours on the bottom of the stock and top of the pistol grips. Other features include the Mauser-type controlled feeding and powerful claw extractor, 3-position safety, hammer-forged steel barrels and free Ruger patented scope rings. The design of the patented steel floorplate allows easy unloading and eliminates accidental "dumping" of ammunition. The M77 Hawkeye Sporter is available in nine calibers to meet the needs of shooters of all interests.
The M77 Mark II Target Rifles, available in seven calibers, deliver tack driving accuracy due in part to the heavy contour, hammer-forged barrel with a target crown. The two-stage target trigger features a short "take-up" stage, followed by a crisp, light target pull with no creep or overtravel. The wide, target forend provides stability on sandbags or other support surfaces. The M77 Mark II Target Rifles contain many of the award winning features of the M77 Hawkeye Rifles, including the Mauser-type controlled feeding and powerful claw extractor, 3-position manual safety, and free Ruger patented scope rings (provided at no charge) install on the integral mounts that never shoot loose.
Mini Thirty® Rifle
The popular Ruger Mini Thirty® rifle is now available with 20-round magazines. Chambered for 7.62x39, the Mini Thirty is an ideal autoloader for deer-sized game. Featuring the reliable action of the Ruger Mini-14® series of rifles first introduced in 1974, the Mini Thirty is simple, rugged and reliable, hallmarks of all Ruger firearms.
Sights include an adjustable "ghost ring" aperture rear sight and a protected non-glare post front sight. Patented Ruger scope bases are machined directly into the receiver and can never shoot loose. A set of Ruger scope rings is included at no charge with each rifle. Side ejection of cartridge cases easily clears the lowest-mounted optics, and a patented recoil buffer helps protect optics from damage over repeated firing. (High capacity magazines may not legally be possessed in some state and locales due to laws limiting firearms features. Prior to purchasing, please check your state and local regulations to verify that you may legally possess these firearms.)
About Sturm Ruger
Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
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 including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, 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 & Co., Inc. “Arms Makers for Responsible Citizens”
http://www.ruger-firearms.com/news/2009-10-15.html
Ruger Announces New, Streamlined, Product-Focused Website
October 30, 2009
Sturm, Ruger & Company, Inc. (NYSE-RGR) is proud to announce a new, redesigned website that incorporates improved product navigation, rich media content and social media elements. Ruger continues to be an industry leader in the use of web technology, dedicated to improving the visitor experience and putting greater information in the hands of their consumers.
"We are constantly working on improving communication with our customers," said Chris Killoy, Vice President of Sales and Marketing. "Through our Voice of the Customer Program, we are actively collecting suggestions and gathering insight from our customers about what they want to see from Ruger. This website is one example of that input being put to use."
The new Ruger.com website includes:
* New Interactive Index Page, Complete with Video Content
* New Social Media Links to Stay Connected to Ruger
* Press Clippings Area with Links to Industry Published Articles
* New Product Navigation & Firearm Specific Information Sections, with:
o Flatter, Easier Navigability
o Larger, More Interesting Product Feature Callouts
o Comparative Model Table Display
o Product Extras with Increased Video Content, Interactive Exploded Views & More Information
o Print Ready Spec Sheets
* New Interactive Digital Catalog - An Exact Replica of the Printed Version with Links to Additional Content
* Easier Firearms Search Mechanism with Quicklinks for the Most Popular Searches
* Improved Customer Service Information
* Expanded Technical Tip Videos, Covering Care & Maintenance of Ruger Products
"We hope customers enjoy the new site," continued Killoy, "and we hope they continue to talk to us and tell us what they want to see next."
The new website will go live on Monday, November 2, 2009 at 10:00 AM EST
About Sturm Ruger
Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
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 including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, 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 & Co., Inc. “Arms Makers for Responsible Citizens”
http://www.ruger-firearms.com/news/2009-10-30.html
Ruger Captures Coveted “Manufacturer Of The Year”
Awarded From National Association Of Sporting Goods Wholesalers For Third Year In A Row.
SOUTHPORT, CONNECTICUT --(AmmoLand.com)- Sturm, Ruger & Company, Inc. (NYSE-RGR) has been presented with the Firearms Manufacturer of the Year award by the National Association of Sporting Goods Wholesalers for the third consecutive year.
The award was presented during the Association’s 36th Annual Meeting in Reno, Nevada. In order to choose the best of the best, NASGW wholesaler members evaluated the performance of top manufacturers on four key criteria – distribution policy; marketing, sales and promotion; logistics and operations; and NASGW and industry support.
“Winning the Manufacturer of the Year award for the third year in a row is a great honor for Ruger,” said Ruger CEO Mike Fifer. “Our organization is dedicated to meeting the needs of our independent distribution network. Through a strong commitment to our Voice of the Customer program, we are generating a product mix that is meeting the demands of the current marketplace, helping both Ruger and the wholesalers remain successful in this competitive business environment. We want to thank NASGW members for this award and their continued support.”
“Strong wholesaler support and cooperation are vital to our success as a manufacturer, and we continue to develop new products, marketing promotions and communication tools that will benefit distributors of Ruger firearms,” said Vice President of Sales and Marketing Chris Killoy. “We appreciate this recognition of our efforts to help distributors, retailers and ultimately the consumer, receive high-quality products and support from Ruger.”
The award was presented during a breakfast gathering at the Grand Sierra Resort, where the theme of this years meeting, “Opportunity in Action,” was emphasized by Michael Brown, Chairman of the Board of the National Association of Sporting Goods Wholesalers.
“The interactive nature of this Expo allows manufacturers and wholesalers to exchange ideas, obtain instant feedback and plan for the next 12 months,” said Brown. “I encourage everyone to take advantage of the next three days to create the opportunities that will move our business forward in the coming year.”
About:
Sturm, Ruger: Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with plants located in Newport, NH and Prescott, AZ.
http://www.ammoland.com/2009/11/09/ruger-captures-manufacturer-of-the-year-award/
AR SR-556 Autoloading Rifle
SOUTHPORT, CONNECTICUT - -(AmmoLand.com)- Sturm, Ruger & Company, Inc. (NYSE: RGR) is pleased to introduce the new Ruger® SR-556 autoloading rifle – an innovative two-stage piston driven rifle. The SR-556 offers Ruger’s legendary rugged reliability, redefining the AR platform with piston driven performance. The piston driven SR-556 runs cleaner, cooler, and is easier to maintain than gas driven rifles, offering significantly improved reliability.
The patent pending two-stage piston driven operating system in the Ruger SR-556 provides a smooth power delivery stroke to the action and vents combustion residue out of the bottom of the gas block. The four-position adjustable gas regulator allows the operator to tune the rifle to specific ammunition and rifle conditions, minimizing recoil and maximizing reliability and long-term endurance. Reliability is further enhanced by a one-piece bolt carrier with an integral transfer key.
Designed for long-lasting accuracy, the heavy contour, 16-1/8″ chrome lined barrel is cold hammer forged from Mil-Spec 41V45 Chrome-Moly-Vanadium Steel. The barrel has a 1:9 twist rate and is capped with an AC-556 flash suppressor. Chambered in 5.56mm NATO, the Ruger SR-556 also fires .223 Rem. ammunition.
A one-piece, ten-inch Troy Industries Quad Rail Handguard provides ample room for mounting sights, Optics and accessories. Made exclusively for Ruger, this SR-556-specific handguard is pinned to the upper receiver and provides a rigid mount for the piston driven transfer rod.
The SR-556 is equipped with Troy Industries Folding BattleSights™. These rugged, high-quality sights co-witness with Mil-Spec Optics, and are easily removed or replaced. The sights can be folded down with the push of a button, or quickly flipped up with your thumbs. The windage adjustable rear sight includes an instantly converted short and long range aperture, and the protected front sight is elevation adjustable.
The Ruger SR-556 is equipped with a six-position telescoping M4-style buttstock that houses a Mil-Spec buffer and spring. A Hogue® Monogrip® pistol grip and three Troy Industries Rail Covers provide a comfortable ergonomic hold when carrying or shooting.
Durability and performance of the SR-556 is enhanced with the use of high-performance finishes: The barrel and gas block are chrome lined, while the bolt, bolt carrier, and extractor are chrome plated. The piston driven transfer rod is electroless nickel/Teflon coated. The flash hider and the exterior of the barrel, gas block, and regulator are manganese phosphate coated. All aluminum parts are Mil-Spec hard coat anodized.
The SR-556 is supplied with three, thirty-round Magpul PMAG™ magazines. These lightweight magazines feature a storage/dust cover, a stainless steel spring, and a self-lubricating, anti-tilt follower.
The flat top upper receiver and barrel assembly is specific to the Ruger SR-556. The standard lower receiver is built with Mil-Spec components, including a single stage trigger. The lower receiver is compatible with AR-style magazines, grips, buttstocks, and fire control components.
The 7 lb., 15 oz. (without magazine) Ruger SR-556 autoloading rifle is shipped in a padded carry case that features the Ruger logo, hook-and-loop fasteners to stabilize the rifle within the case, and internal magazine pockets.
Ruger’s new SR-556 is in production now. For more information on the Ruger SR-556 autoloading rifle and the extensive line of Ruger products and services, visit: www.ruger.com
Visit the SR-556 micro-site at: www.ruger.com/SR556
http://www.ammoland.com/2009/05/18/ruger-ar-sr-556-autoloading-rifle/
Second Quarter Earnings
Sturm, Ruger & Company, Inc. Reports Second Quarter Earnings
By Tracey Taylor
GunReports.com Staff Writer
Sturm, Ruger & Company, Inc.
August 4, 2009
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
http://www.gunreports.com/news/news/Sturm-Ruger-Reports-Second-Quarter-Earnings-2009_1426-1.html?type=pf
No, I missed it; I predicted it, but I still missed it, ERR!!!!
Did you get in? I was not watching and missed the double, damn it.
Jim
Gun Sales Continue to Increase
January 8, 2009
NEWTOWN, Conn. -- Despite a weak economy, gun sales are continuing to increase amid concerns that incoming lawmakers will institute a new gun ban on law-abiding Americans, according to data derived from the FBI's National Criminal Background Check System (NICS).
NICS statistics show a 24 percent increase in firearm purchaser background checks for the month of December 2008 (1,523,426 checks) over December 2007 (1,230,525 checks). This increase follows a 42 percent rise in NICS checks for the preceding month, the highest number of checks in NICS history.
FBI background checks are required under federal law for all individuals purchasing firearms from federally licensed retailers. These checks serve as a strong indicator of actual sales.
A recent poll of hunters and target shooters by Southwick Associates Inc., in which 80 percent of respondents said they expect it will become more difficult to purchase firearms under the incoming administration and congress, explains the increase in sales.
"Sales of firearms, in particular handguns and semi-automatic hunting and target rifles, are fast outpacing inventory," said NSSF President and CEO Stephen L. Sanetti. "It's clear that many people are concerned about possible gun bans under the incoming Congress and are reacting accordingly."
According to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the large increase in demand for firearms has led to a shortage of Form 4473s -- the Firearms Transaction Record which must be filled out any time a person buys a firearm from a licensed retailer. As a temporary measure, ATF is allowing Federal Firearms Licensees (FFLs) to photocopy the Form 4473 in its entirety until they receive their orders from the ATF Distribution Center. The National Shooting Sports Foundation (NSSF) has reminded retailers of the newly launched Electronic Form 4473 which is free and downloadable from www.ATF.gov.
Final year-end NICS data reveals a total of 12,709,023 background checks reported in 2008, up 14 percent from 2007.
http://www.gunreports.com/news/news/Gun-Sales-NICS-FBI-Barack-Obama-Southwick-Associates_1061-1.html?ET=gunreports:e334:109733a:&st=email
SR9 Pistols in California and Massachusetts
Ruger Announces Availability of SR9 Pistol in California and Massachusetts
December 1, 2008
Ruger SR9
Ruger SR9 (KSR9-10-L)
SOUTHPORT, CT – Ruger's SR9 pistol has been placed on the Roster of Handguns Certified for Sale within the State of California, as well as the Massachusetts Approved Firearms Roster.
The SR9 pistol, chambered for 9mm Luger, was introduced last October and is the first striker-fired pistol from Ruger.
The Ruger SR9 pistol currently available in California and Massachusetts (model number 3309, catalog number KSR9-10-L) features a black frame with a brushed stainless steel slide. In compliance with the laws of both states, the Ruger SR9 pistol is shipped with two 10-round magazines.
Sturm, Ruger is headquartered in Southport, CT, with plants located in Newport, NH and Prescott, AZ.
http://www.gunreports.com/news/handguns/Ruger-SR9-9mm-Luger-California-Massachusetts_1000-1.html
Sales Up in Second Quarter
Firearms Industry Sales Up in Second Quarter, But Long Guns Feel Economic Pinch
November 9, 2008
Sales by firearm and ammunition manufacturers were up 5.1 percent in the second quarter of 2008, led by a 14.2 percent increase in ammunition sales and a 9 percent rise in handgun sales, according to the firearm industry's best economic indicator.
The statistics are taken from the latest Pittman-Robertson federal excise tax collection report. Excise taxes are calculated as a percentage of wholesale receipts, paid quarterly by firearm and ammunition manufacturers and earmarked for state wildlife conservation and habitat restoration programs. These statistics are based solely on U.S. civilian sales and do not include sales to military, police, etc.
During the quarter, $80.5 million was generated for conservation through excise tax collections, compared to $76.6 million in the same period in 2007. From April through June, $23.2 million was collected for pistols and revolvers, $27.9 million for long guns and $29.3 million for ammunition. While ammo and handgun sales were up, long gun collections reported were down 5.5 percent, presumably affected by a slow economy. The latest tax collections suggest overall sales of $752.9 million, not including retail markup or final retail sales.
http://www.gunreports.com/news/handguns/Firearms-Sales-Pittman-Robertson-Federal-Excise-Tax_942-1.html?CMP=OTC-RSS
... Gary
RGR Third Quarter Results
Sturm, Ruger & Company, Inc. Reports Third Quarter Results
November 9, 2008
For the third quarter of 2008, the Sturm, Ruger & Company, Inc. reported net sales of $41.8 million and earnings per share of $0.02, compared with sales of $31.9 million and a loss per share of $(0.03) in the third quarter of 2007.
Chief Executive Officer Michael O. Fifer made the following comments related to the third quarter of 2008:
* Ruger sales grew 31% from the third quarter of 2007 and 8% from the second quarter of 2008, primarily on the strength of new product shipments.
* At the end of the quarter, Ruger cash, cash equivalents and short-term investments totaled $22.6 million. Our pre-LIFO working capital of $91.6 million, less the LIFO reserve of $47.5 million, resulted in working capital of $44.1 million and a current ratio of 2.8 to 1.
* To enhance and protect Ruger's strong liquidity in reaction to the recent turmoil in the financial markets, in late October the company drew down $1 million from our $25 million credit facility to ensure Ruger's access to it, and moved approximately $16 million from money market funds investing in Treasury Bills to direct investments in Treasury Bills.
* The company has completed its share repurchase announced in April 2008. Under a program that expired on October 17, the company repurchased a total of 1.5 million shares of its common stock for $9.9 million in the open market, representing 7.2% of the outstanding shares, at an average price per share of $6.59. At the completion of this program and before drawing on the credit line, cash and equivalents were approximately $20 million and there were 19.1 million shares outstanding.
* Recently, the company received a small number of reports from the field that its LCP pistols can discharge if dropped onto a hard surface. Although no injuries were reported, the company recalled all LCP pistols in October 2008 to offer free safety upgrades. The estimated cost of this retrofit program of approximately $2.3 million was recorded in the third quarter of 2008 and had the impact of reducing earnings per share by $0.07 in the quarter. This safety upgrade program is expected to be in effect for several years.
http://www.gunreports.com/news/handguns/Sturm-Ruger-Financial-Report_943-1.html?CMP=OTC-RSS
If so, then We The People will have to work hard to make sure he doesn't Infringe On Our Rights, and that he respects and upholds the constitution as our forefathers intended it to be. I must say though, it saddens me to see everyone giving up so soon. Projections and predictions are put forth by the media, and the media has an agenda as we all know; hell, a lot of people are still at work. I'm not going to turn on the news until after 8:00 PM PST.
NO IF ABOUT IT, he is getting in damn it.
NH
If Obama gets into office this stock should have a good pop as guns go flying off of the shelves in a panic of possible restrictions.
Gun Sales Rise as Crime, Accident Rates Fall
SALES UP 2.6%, WHILE GUN CRIMES DOWN 2.4%. . . New statistics show that firearm and ammunition sales are on the rise, coinciding with steady downward trends in gun crime, suicide and accident rates in the U.S. The National Shooting Sports Foundation has released U.S. Dept. of the Treasury figures indicating that 2005 retail sales of firearms and ammunition rose 2.6 percent for a total volume of $2.1 billion.
For the year, approximately 4.7 million new guns were sold, bringing the estimated number of citizen-owned firearms in the U.S. to more than 290 million. The number of American households with at least one firearm is now estimated at nearly 110 million.
Of the various firearm types, the sharpest gains were seen in retail sales of handguns (pistols and revolvers). Handgun sales rose 3 percent while long-gun (rifle and shotgun) sales rose 1.8 percent. Ammunition sales rose 3.5 percent.
Combined 2005 sales of firearms and ammunition generated $224.3 million in excise taxes earmarked for wildlife and habitat conservation projects, through the Federal Aid in Wildlife Restoration Act. Since inception, the act has raised more than $5 billion for conservation.
As NSSF-member companies and conservationists laud the latest sales numbers, their applause coincides with more good news about American society in general. According to figures from government and independent sources, firearm crimes, suicides and accidental fatalities, including accidents among youth, are all trending downward.
http://www.nssf.org/share/BP2/2006/060506.htm?AoI=media
Gun Sales Thriving Despite Tough Economy
Washington Post: Purchases Up 8 To 10 Percent Due To Economic Concerns And Fears Of More Gun Control If Obama Wins Election
The Washington Post
by Fredrick Kunkle.
Oct. 27, 2008
Americans have cut back on buying cars, furniture and clothes in a tough economy, but there's one consumer item that's still enjoying healthy sales: guns. Purchases of firearms and ammunition have risen 8 to 10 percent this year, according to state and federal data.
Several variables drive sales, but many dealers, buyers and experts attribute the increase in part to concerns about the economy and fears that if Sen. Barack Obama of Illinois wins the presidency, he will join with fellow Democrats in Congress to enact new gun controls. Obama has said that he believes in an individual right to bear arms but that he also supports "common-sense safety measures."
"Even though [Obama] has a lot going for him, he's not very pro-gun," said Paul Pluff, a spokesman for Massachusetts-based Smith & Wesson, which has reported higher sales. Gun enthusiasts are "going to go out and get [firearms] while they still can."
Gun purchases have also been climbing because of the worsening economy, which fuels fears of crime and civil disorder, industry sources and specialists said.
"Generally, we know that hard economic times always result in firearm sales," said James M. Purtilo of Silver Spring, who publishes the Tripwire Newsletter.
Gary Kleck, a researcher at Florida State University's College of Criminology and Criminal Justice whose work was cited in the District's recent Supreme Court gun-control case, said that although there are no scientific studies linking gun sales and economic conditions, people often buy firearms during periods of uncertainty. People often buy weapons because of concerns about personal safety or government actions to limit access to firearms, causing spikes in sales, Kleck said.
Industry experts and law enforcement officials point to several examples over the years. In 1994, there was a rush to buy guns when President Bill Clinton pushed for a ban on military-style semiautomatic rifles. Handgun sales jumped last year after the massacre at Virginia Tech as some worried about personal protection and others feared sweeping restrictions on handguns, pushing applications for concealed gun permits in Virginia alone up 60 percent. People also rushed to buy guns after the 1992 riots in Los Angeles and the breakdown of order in New Orleans after Hurricane Katrina.
Bob Leyshion, who visited a gun shop in Manassas recently, said the economic crisis and Obama's lead in the polls were on his mind.
"People are preparing for catastrophe right now," said Leyshion, 55, of Nokesville. "It's insurance. With the stock market crash and people out of work, and the illegal aliens in this area, the probability of civil disorder is very high."
Gun owners haven't been especially thrilled about the prospect of Sen. John McCain in the White House. They see the Arizona Republican as less of a threat than Obama, but they are still angry over McCain's support for certain gun-control measures in the past, such as requiring purchasers at gun shows to undergo background checks.
Gun owners said McCain's moose-hunting running mate, Alaska Gov. Sarah Palin, is far more likely to champion Second Amendment rights.
"The industry and sportsmen have not been in love with McCain, but the selection of Palin wiped that all away," said Anthony Aeschliman, a spokesman for the National Shooting Sports Foundation.
More than three dozen interviews with gun dealers and buyers in Virginia and Maryland and with experts nationwide indicated that the increase in gun sales appears to be driven predominantly by concerns about the presidential election and the economy.
Gun buyers were more likely to say they were responding to the political situation than to the economy, and all but three people said they feared that Obama would restrict gun rights. Two who indicated that they would support Obama anyway said their concerns about the economy and health care outweighed those about gun rights.
Most buyers who emphasized the economy said they thought the worsening situation could lead to an increase in crime and jeopardize their safety. A few said they were buying guns as an investment.
"Look at the political situation and the financial situation," said Fred Russell, owner of Russell's Gun Emporium in Hagerstown, Md. "It's common sense. People are scared."
Brad, 42, and Margaret Marcus, 47, who were at a Fairfax County shooting range recently with their two children for weekly target practice, said they sped up the purchase of two semiautomatic rifles that had been banned during the Clinton administration because they feared they could become illegal again if Obama wins. The couple, who run an online retailing business from their Ashburn home, said they viewed Obama's remarks about protecting the Second Amendment as campaign trail "pandering."
"I think right now people are scared Obama is going to take their rights away," said Margaret Marcus, who was carrying a Glock 19 9mm semiautomatic pistol under a blue jean jacket embroidered with "Winnie the Pooh" characters. "He's definitely anti-gun, despite what you see in the mainstream media."
Law enforcement and industry data and anecdotal reports show that guns are selling well this year. In 2008, there were 8.4 million background checks from Jan. 1 to Sept. 28, compared with 7.7 million in the same period last year, a 9 percent increase, according to the FBI's National Instant Criminal Background Check System.
The increase is also notable because it follows a heavy year for gun purchases, which industry officials and experts link to the Virginia Tech shootings in April 2007 and a burgeoning housing market crisis. NICS checks show a 20 percent increase in April 2007, compared with the previous year.
This year's jump is a continuation of a trend that began in 2006, about the time the housing bubble popped in parts of the nation, and remained steady last year as the political season began to take shape and the housing crisis grew. It is also a bigger jump than the average annual increases of about 5 percent or less typical since instant background checks began in 1998.
Federal tax data also show that quarterly excise taxes collected on sales of firearms and ammunition have increased about 10 percent this year, compared with last year, according to the National Shooting Sports Foundation.
Gunmakers see the same trend. "We're ahead of last year," said Pluff, of Smith & Wesson. "There's a few things that drive the market, and one of them is political elections."
On a recent weekend, a crowd of lookers and buyers milled around in the Virginia Arms Co. in Manassas. Some were shopping for large-capacity magazines, or clips, that attach to firearms and hold additional rounds of ammo. Those were banned during the Clinton administration and became legal again when the ban expired.
"I'm looking for gun clips because I got the funny feeling that prices are going to rise, or they're going to be banned," said Wayne Heglar, 48, who lives in Aldie and builds custom motorcycles. Heglar said he also planned to stock up on ammo.
"When the Democrats are in office, it seems like anti-gunners come out of the woodwork," Heglar said. He said he expected Obama to use tax law to restrict gun ownership. "A bullet will be a luxury," he said.
At Clark Brothers Gun Shop in Warrenton, a sign over the door says: "Experts Agree . . . Gun Control Works!" Underneath are photos of Hitler, Stalin, Fidel Castro and Libyan leader Moammar Gaddafi. There are also posters that criticize Obama's record on guns.
Steve Clark, the shop's owner, said customers have been buying weapons they fear would be restricted and that have been before, such as Colt AR-15s, semiautomatic rifles that go for $1,100.
"What I hear a lot is fear that Barack will win the election and tax everything to the point that you can't afford anything," said salesman Eugene Proko, 51.
http://www.cbsnews.com/stories/2008/10/27/politics/washingtonpost/main4547564.shtml
"Five Reasons Weapons Spending Won’t Fall"
Who Will Win: Guns Or Butter?
Note: My thanks to rdavis8325 for this article that he posted on the NOLIB board.
By Greg Grant Monday,
October 20th, 2008
Defense policy sage and go-to source for defense reporters, Loren Thompson, of the Lexington Institute, wrote a post last week titled “Five Reasons Weapons Spending Won’t Fall.” He contends that even with a resurgent Democratic party taking pretty much all the reins of power in Washington, spending on weapons will continue to grow. “Democrats presided over four of the last five big weapons buildups in the last century,” he writes. Yet, surveying the perilous state of the American economy and the increasing shambles that is the federal budget, there are a number of reasons to expect weapons spending will indeed fall.
First, Thompson says, economic forces don’t drive defense spending, threats and domestic politics do. And threats ultimately trump politics. True, but, while the world can be a dangerous place, it’s just not quite dangerous enough to merit the dramatic growth in the defense budget over the past eight years that has put defense spending near all-time highs. The Pentagon spending spree came in response to the need to wage two simultaneous wars and to make-up for the 1990s “procurement holiday.” As these things tend to be cyclical, the current buildup will likely be followed by a downturn.
There are no enemies out there that pose a credible conventional threat to the U.S. Waging a long war against shadowy terrorist enterprises, such as Al Qaeda, does not justify spending billions on new jet fighters, submarines and mobile howitzers for use against opposing armies. In the wake of Russia’s invasion of Georgia, there was a rush by some to portray a revanchist Russia as the next boogeyman. Yet a sober assessment of Russian military performance in that incursion, such as this one in the Economist, reveals an often bumbling, none too professional and rusting force. Any “threat” posed by China, the one country many defense planners pin their hopes on to engage with in a new arms race, remains hypothetical.
The Iraq war is likely to lose it’s most vocal constituency, the Republican Party. After the election, if current trends hold and Obama wins, Iraq will no longer be seen as Bush’s, and hence the GOP’s war. The default Republican foreign policy of isolationism that prefers missile defense to costly nation building operations in distant lands will likely re-assert itself. Much of the current high levels of defense spending came from sending hundreds of thousands of heavily armed troops and their weapons to wage war in Iraq.
Second, spending on operations and personnel will moderate as Iraq winds down. Most of the funding for combat operations in Iraq came from the emergency supplemental spending bills. Congress’ willingness to shell out that money will drop as troops leave Iraq. Deployments to Afghanistan will increase, but the American footprint in Afghanistan is and will remain much smaller than Iraq and hence much less costly.
But the biggest driver of the operations and maintenance account is personnel costs, including salaries and benefits. Compensation per service member has increased by over 30 percent since 2000, much of that rise caused by soaring health care costs. And the Pentagon is quite literally adding to the problem. Last year, the Pentagon decided to increase the Army and Marines by 92,000 troops. The Air Force also recently announced plans to increase their end strength. The Pentagon, like America as a whole, has not figured out how to control runaway health care costs and to continue to attract and retain quality people, military salaries will continue to rise.
Third, it takes years to change military spending priorities. Yes, but sometimes it doesn’t, look at the abrupt cancellation of the Army’s Crusader and Comanche programs. The most likely time for major weapons cuts is within the first two years of a new administration. Obama’s secretary of defense may not be as willing to raise the ire of an entire service, as Rumsfeld did when he targeted the Army for special attention, but expect all costly programs to come under serious scrutiny and for some of them, such as the Army’s FCS, the Air Force’s F-35 and the Marine Corp EFV, to be in for a serious hair cut.
Spending can drop rather quickly. There have been two post build-up drop offs since World War II; post Vietnam, the defense budget actually rose. The first drop in defense spending came after the Korean war, when the defense budget was cut in half from 1952 to 1955. The biggest hit fell on the procurement account, which dropped off a cliff, going from $29 billion in 1952 to just $6 billion three years later. Spending on R&D actually increased after the end of the Korean war, and continued on an upward trajectory through today. In the desire to garner a “peace dividend” after the Reagan-era buildup, procurement accounts declined steadily. From the spending high point in 1989, procurement dropped from $80 billion to $42 billion by 1994.
Fourth, weapons programs will be fiercely defended by their constituencies in Congress and the services. There is no precedent for what’s about to hit the federal budget in terms of the entitlements crisis caused by retiring baby boomers, what former GAO director David Walker has tried mightily to warn anybody who would listen. Walker’s predictions of pending doom can only be worsened by the current economic crisis. Economists now acknowledge that the U.S. economy is in recession, the discussion has moved on to how long it will last. Some say at least two years. Those are the optimists. Then there are people like Tiger Management founder Julian Robertson who recently said on CNBC that the U.S. economy won’t recover for at least a decade.
As income and corporate tax revenues fall because of a sagging economy, the federal government will have to scramble to pay the entitlements that Americans expect and will increasingly come to rely upon. As government debt rises as we try to make good on those promises, other spending will be squeezed. Congress will want to shift more money into the discretionary accounts that have been long neglected, such as infrastructure. There is only so much money in those discretionary accounts, and defense eats up much of it. The Democrats have powerful constituencies for non-defense discretionary spending.
Fifth, weapons spending stimulates the economy. It can, but not by enough. If the unemployment rate climbs to 7 percent or higher, as some are predicting, there will be huge pressure on Washington to fund big infrastructure projects that employ many, not just a few highly skilled engineers turning out aerial drones. The federal government will be forced into the position of massive spending to stimulate the economy and replace the private consumer who is no longer able to drive economic growth as they have for the past quarter century. That means big infrastructure projects, roads, railways, airports, new energy projects, all of which will be paid for from discretionary accounts, likely squeezing out defense.
The reality is that a huge gap already existed between the Pentagon’s list of desired weapons and the amount of money available in even the rosiest of future budget predictions. The next administration will be forced to either cancel or at least severely curtail a number of costly weapons programs. A paper by two RAND researchers that came out last summer urged the Pentagon to use the opportunity provided by the next Quadrennial Defense Review to undertake a much “needed reassessment of the rules of the game: a redetermination of the real and most important dangers to the country and how to shape and size the military capability” in a time of limited resources.
http://www.dodbuzz.com/2008/10/20/who-will-win-guns-or-butter/
Ya know, MY THOUGHT exactly, when alone they will see the light, this guy is bright, but WAY too liberal for the US IMO. Many are afraid of being called a racist.
NH
I would say not as good, but the government will still need jobs, and there is always the world market, and their do casting for other industries. I'm still hoping that when alone in the voting booth that a lot of people are not going to vote for Obama.
How does it look with a Democrat administration? Any forecasts? It frightens me.,
NH
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