Sturm Ruger said it’s resumed normal acceptance of orders from distributors, and business is good.
“Demand for our products is very strong, and the current backlog remains significantly above year-ago levels,” the company said in announcing it will again accept new orders. “Our production and shipments in the first quarter of 2012 increased more than 50% from the first quarter of 2011 and remain very strong.”
The maker of pistols, revolvers, rifles and shotguns, mainly for the sport hunting market, was supply-constrained in first quarter. The good news is orders have been rising. On March 21, it said it had received an overwhelming 1.2 million orders during the quarter, more guns than it made in all of 2011.
Despite initially rising, RGR’s stock price is below where is was when they suspended new orders.
[ Many thanks to Dab for emailing us the link. ]Related