Sturm, Ruger & Company, Inc. Reports That Manufacturing Has Resumed at Its Prescott, Arizona Facility
July 30, 2013
Sturm, Ruger & Co., Inc. (NYSE: RGR) announced that production at its Prescott, Arizona manufacturing facility resumed yesterday.
During a severe thunderstorm last Thursday, heavy precipitation caused a small portion of the roof to collapse. A significant amount of water entered the building and production was shut down. Fortunately, no one was injured.
Thanks to the hard work and dedication of our Prescott employees, temporary repairs were completed over the weekend and signed off by the structural engineers, which allowed production to resume.
We expect the cost of the repairs to the building and equipment, plus the value of the lost production to be less than $5 million.
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