Foremost Hunting Forums
Ruger having trouble keeping up with orders
Last Post 22 Mar 2012 06:57 PM by Chris Larsen. 0 Replies.
AddThis - Bookmarking and Sharing Button Printer Friendly
  •  
  •  
  •  
  •  
  •  
Sort:
PrevPrev NextNext
You are not authorized to post a reply.
Author Messages
Chris LarsenUser is Offline
Trophy Hunter
Trophy Hunter
Send Private Message
Posts:388
Chris Larsen

--
22 Mar 2012 06:57 PM

     Just saw this story come over the wire:

    Ruger Temporarily Suspends Acceptance of New Orders

    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.

    What do you think?

    Foremost Hunting Pro Staff
    You are not authorized to post a reply.


    Your Free Registration With Foremost Hunting Only Takes A Minute!