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:
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HARRISBURG – Counsel for plaintiffs suing firearms manufacturer Remington say that pending bankruptcy proceedings are likely to result in no damages being available for their clients, currently engaged in a stayed product liability lawsuit filed against both it and DuPont.
Jessica Olinick, David Farence and minor plaintiff C.O. of Dauphin County first filed suit in the U.S. District Court for the Middle District of Pennsylvania on July 8 versus Remington Arms Company, LLC and Remington Outdoor Company, Inc. of Madison, N.C., and Sporting Goods Properties, Inc. and E.I. du Pont de Nemours & Company, of Wilmington, Del.