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.
