Sturm, Ruger & Company, Inc. Resumes Normal Acceptance of Orders
5/29/2012 5:05:00 PM
SOUTHPORT, Conn.--Sturm, Ruger & Company, Inc. (NYSE: RGR), has resumed the normal acceptance of orders from its independent wholesale distributors.
On March 21, 2012, the Company announced that its independent wholesale distributors had placed orders with the Company for more than one million Ruger firearms in the first quarter of 2012, and therefore the Company had temporarily suspended the acceptance of new orders.
Demand for our products is very strong, and the current backlog remains significantly above year ago levels. Our production and shipments in the first quarter of 2012 increased more than 50% from the first quarter of 2011 and remain very strong.
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.