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Sturm, Ruger & Company, Inc. Announces The Repurchase of 243,423 Shares of Its Common Stock In The Third Quarter Of 2017

Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that during the third quarter of 2017 the Company repurchased a total of 243,423 shares of its common stock in open market transactions at an aggregate cost of $11.3 million. The average price per share repurchased was $46.33. These repurchases, which accounted for 1.4% of the outstanding shares of the Company's common stock as of July 1, 2017, were funded with cash on hand.

At the end of the third quarter, $88.7 million remained authorized and available for share repurchases and 17.4 million shares of common stock remained outstanding.