Ruger Temporarily Suspends Acceptance of new orders.
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Old 03-22-2012, 03:37 PM   #1
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Default 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.

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Old 03-22-2012, 04:33 PM   #2
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Holy monkey nuts Batman!!!!

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Old 03-22-2012, 04:45 PM   #3
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Good for the company

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Old 03-22-2012, 05:18 PM   #4
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Wow. Did that happen to them or anyone else four years ago?

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Old 03-22-2012, 05:30 PM   #5
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Good to see an American manufacturer operating at capacity+.

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Old 03-22-2012, 07:31 PM   #6
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Looks like its time to expand tho

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Old 03-23-2012, 01:50 AM   #7
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Did you see what the announcement did to the Ruger (RGR) stock? Went up over $5.00 per share.

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Old 03-23-2012, 02:46 AM   #8
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Smith and Wesson jumped today too. It seems like prices wont be to far behind!

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Old 03-23-2012, 03:01 AM   #9
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I am sure this was part of Obama's plan for more American jobs. News like this drives the Democrats and MSNBC mad.

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