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Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for 2009, the Company reported net sales of $271.0 million and earnings of $1.44 per share, compared with sales of $181.5 million and earnings of 43¢ per share in 2008.
For the fourth quarter of 2009, the Company reported net sales of $63.9 million and earnings of 31¢ per share, compared with sales of $58.5 million and earnings of 28¢ per share in the fourth quarter of 2008.
The Company also announced today that its Board of Directors declared a dividend of 6¢ per share for the fourth quarter, for shareholders of record as of March 12, 2010, payable on March 26, 2010.
Chief Executive Officer Michael O. Fifer made the following comments related to 2009:
Today, the Company filed its Annual Report on Form 10-K for 2009. The financial statements included in this Annual Report on Form 10-K are attached to this press release - View Financial Statements.
The Annual Report on Form 10-K is available on the SEC website at www.sec.gov and the Ruger website. Investors are urged to read the complete Form 10-K to ensure that they have adequate information to make informed investment judgments.
The Company will host a webcast on Thursday, February 25, 2010, at 9:00 a.m. EST to discuss the 2009 operating results. Interested parties can access the webcast at www.ruger.com/corporate or www.earnings.com. Alternatively, interested parties can call (866) 356-3095, participant passcode 86419260.
About Sturm, Ruger & Co., Inc.
Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines, across both the Ruger and Marlin brands. For almost 75 years, Ruger has been a model of corporate and community responsibility. Our motto, “Arms Makers for Responsible Citizens®,” echoes our commitment to these principles as we work hard to deliver quality and innovative firearms.
The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
Sturm, Ruger & Co., Inc. “Arms Makers for Responsible Citizens®”