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Sturm, Ruger sees a 50% jump in sales
Published: 5/9/2021 8:00:04 PM
A worldwide pandemic, political turmoil and mass shootings are usually not good for most businesses, but for firearms manufacturers like Sturm, Ruger & Co. they have meant increased revenue and profits.
The company reported a nearly 50% boost in revenue, to $184.4 million, for the first quarter of 2021 over the same quarter in 2020. It also said its net income more than doubled to $38.2 million for the same period, and it announced a quarterly dividend of 71 cents a share.
Some of the boost was generated by development of new firearms, but background checks show that sales increased 13%, and in a filing with the Securities and Exchange Commission, Ruger said the hike in sales may be attributed to “increased public concern about personal protection and home defense in reaction to:
NH Business Review
Firearms manufacturer sees sales jump during pandemic
May 7, 2021
A worldwide pandemic, political turmoil and mass shootings are usually not good for most businesses, but for firearms manufacturers like Sturm, Ruger & Co. they have meant increased revenue and profits.
The company reported a nearly 50% boost in revenue, to $184.4 million, for the first quarter of 2021 over the same quarter in 2020. It also said its net income more than doubled to $38.2 million for the same period, and it announced a quarterly dividend of 71 cents a share.
Some of the boost was generated by development of new firearms, but background checks show that sales increased 13%, and in a filing with the Securities and Exchange Commission, Ruger said the hike in sales may be attributed to “increased public concern about personal protection and home defense in reaction to:
Live Q&A: Jeremy Stafford Reviews the New Ruger Max-9 Pistol
(Photo courtesy of Jeremy Stafford) March 17, 2021 By Guns & Ammo Staff
Join Guns & Ammo Handgun Editor Jeremy Stafford for a live Q&A with the new Ruger Max-9 TODAY at 4PM EST/3PM CST/2PM MST/1PM PST on the Guns & Ammo Facebook page.
Sub-compact size and 9mm ammo capacity come together in the high-value, optic-ready Ruger Max-9 pistol.
Ruger Max-9 (Mark Fingar photo)
By Jeremy Stafford
The Days of Companies
Simply being able to chop off the bottom third of a pistol’s grip, shorten the magazine and call it a “new subcompact model” are over. These days, any new subcompact developed in response to evolving demands requires a fresh design to stand a chance at success in this competitive category.
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