Ruger Temporarily Suspends Acceptance of new orders.

Discussion in 'General Handgun Discussion' started by PositronDave, Mar 22, 2012.

  1. PositronDave

    PositronDave New Member

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    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.
     
  2. Misfire

    Misfire New Member

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    Holy monkey nuts Batman!!!!
     

  3. Rugers9

    Rugers9 New Member

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    Good for the company
     
  4. primer1

    primer1 Well-Known Member Supporter

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

    orangello New Member

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    Good to see an American manufacturer operating at capacity+.
     
  6. Rugers9

    Rugers9 New Member

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    Looks like its time to expand tho
     
  7. hiwall

    hiwall Well-Known Member

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

    mdemotte New Member

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

    Durangokid New Member

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    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
     
    Last edited: Mar 22, 2012