2:21 p.m. Feb. 17, 2021
- By Claudia Assis
Firearms maker Sturm Ruger has best year since 2016 Sturm Ruger & Co. had its best sales year since 2016 as a "historic surge" in firearms demand held throughout 2020. Shares of the firearm maker rose nearly 3% in the extended session Wednesday. Sturm Ruger said it earned $31.7 million, or $1.78 a share, in the fourth quarter, compared with 46 cents a share in the year-ago period. Sales rose to $169.3 million, from $105.1 million a year ago, and were the company's highest quarterly sales since the first quarter of 2017. Sales for the year reached $568.9 million, the highest yearly sales since 2016. "Our tremendous sales growth and profitability in 2020 was driven by the historic surge in consumer demand that began late in the first quarter and continued throughout the year," Chief Executive Christopher J. Killoy said in a statement. Shares of Sturm Ruger ended the regular trading day down 1.1%.
12:32 a.m. Sept. 1, 2020
- By Davide Mamone
‘Their first instinct was to face the crisis by buying a gun’: Charlotte deals with life after the GOP Convention amid COVID-19 — and braces for November’s election ‘I am a raging pro-choice, pro-gay marriage, pro-everything social liberal, as far left you can get in this country. But I am also a proud pro-Second Amendment supporter,’ says Jonathan Lee, 46, an Uber driver ‘I am a raging pro-choice, pro-gay marriage, pro-everything social liberal, as far left you can get in this country. But I am also a proud pro-Second Amendment supporter,’ says Jonathan Lee, 46, an Uber driver.
12:12 p.m. May 9, 2020
- By Max A. Cherney
Gun maker Sturm Ruger details increased demand for firearms as COVID-19 spread in U.S. FBI data says that background checks required for gun sales jumped by over 1.5 million from the year before in March and AprilGun manufacturer Sturm Ruger & Co. Inc. shares rose to the highest level in a year this week after the company reported a spike in distributor sales to retailers amid increased demand for guns as the COVID-19 pandemic spread across the world.