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-   -   Ruger Temporarily Suspends Acceptance of new orders. (http://www.firearmstalk.com/forums/f14/ruger-temporarily-suspends-acceptance-new-orders-60823/)

PositronDave 03-22-2012 04:37 PM

Ruger Temporarily Suspends Acceptance of new orders.
 
So glad I just bought a SR9C.

SOUTHPORT, CT --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.

Misfire 03-22-2012 05:33 PM

Holy monkey nuts Batman!!!!

Rugers9 03-22-2012 05:45 PM

Good for the company

primer1 03-22-2012 06:18 PM

Wow. Did that happen to them or anyone else four years ago?

orangello 03-22-2012 06:30 PM

Good to see an American manufacturer operating at capacity+.

Rugers9 03-22-2012 08:31 PM

Looks like its time to expand tho

hiwall 03-23-2012 02:50 AM

Did you see what the announcement did to the Ruger (RGR) stock? Went up over $5.00 per share.

mdemotte 03-23-2012 03:46 AM

Smith and Wesson jumped today too. It seems like prices wont be to far behind!

Durangokid 03-23-2012 04:01 AM

I am sure this was part of Obama's plan for more American jobs.:rolleyes: News like this drives the Democrats and MSNBC mad.:D


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