Ruger Sales Up

ruger logoRuger sales are up 22 percent and the company has backlog for 2 million gun orders. Ruger’s
Is headquartered in Connecticut and has a major facility here in Newport, N.H. Vigorous sales prompted the company to open up a third plant in North Carolina to keep up with the demand which exceeds the industry standards. CEO Michael Fifer at earnings calls last week, said ““We made the decision primarily because of the workforce and it has exceeded our expectations,” he said of the decision to open a plant in North Carolina, and added “Frankly, electricity is much cheaper in North Carolina than it is in New Hampshire.”
The company has no debt and it is investing to the hilt in addition to investing its dividend percentage of net income from 25 to 40 percent with shareholders receiving 58 cents per share last quarter.

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