Ruger Suspends Orders

By Aaron Spuler | March 23, 2012 |

Sturm, Ruger & Company, Inc. (NYSE: RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.

Chief Executive Officer Michael O. Fifer made the following comments:

  • The Company’s Retailer Programs that were offered from January 1, 2012 through February 29, 2012 were very successful and generated significant orders from retailers to independent wholesale distributors for Ruger firearms.
  • Year-to-date, the independent wholesale distributors placed orders with the Company for more than one million Ruger firearms.
  • Despite the Company’s continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the Company has temporarily suspended the acceptance of new orders.
  • The Company expects to resume the normal acceptance of orders by the end of May 2012.

The Company will announce its results and file its Quarterly Report on Form 10-Q for the first quarter of 2012 on Tuesday, May 1, 2012, after the close of the stock market.

Source:
http://www.ruger.com/corporate/news/2012-03-21.html

Posted in Notice

3 Comments

  1. Bill Johnson on March 23, 2012 at 11:50 am

    WOW, That’s really something. A firearm manufacture that can’t keep up w/ orders for their guns. Just goes to show you how supply and demand works in the real world.



  2. Charles on March 26, 2012 at 8:07 pm

    Ruger has always made the best !!!! and most people know it ! They have always made the most accurate barrels. I have been a fan for sixty years.



  3. shooterfan1974 on March 29, 2012 at 5:07 am

    So should I start a lay-away plan with my FFL dealer for an SR1911 now, or wait till production catches up?