Sturm, Ruger & Company, Inc. Resumes Normal Acceptance of Orders
May 29, 2012
Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that it 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.
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