STURM, RUGER & COMPANY, INC. REPORTS THIRD QUARTER 2012 FULLY DILUTED EARNINGS OF 88¢ PER SHARE
SOUTHPORT, CONNECTICUT, October 31, 2012--Sturm, Ruger & Company, Inc. (NYSERGR),
announced today that for the third quarter 2012, the Company reported net sales of $118.2
million and fully diluted earnings of 88¢ per share, compared with net sales of $80.5 million and fully
diluted earnings of 56¢ per share in the third quarter of 2011.
For the nine months ended September 29, 2012, net sales were $350.1 million and fully diluted
earnings were $2.58 per share. For the corresponding period in 2011, net sales were $235.6 million
and fully diluted earnings were $1.55 per share.
The Company also announced today that its Board of Directors declared a dividend of 38.2¢ per
share for the third quarter, for shareholders of record as of November 12, 2012, payable on November
26, 2012. This dividend varies every quarter because the Company pays a percent of earnings rather
than a fixed amount per share. Effective with the dividend paid in March 2012, the Company
increased the percent of quarterly earnings paid out as dividends by 67%. This dividend is
approximately 40% of net income.
Chief Executive Officer Michael O. Fifer made the following comments related to the
Company’s results:
• Our earnings increased 62% from the third quarter of 2011, driven by the 47% growth in sales
and our ongoing focus on continuous improvement in our operations.
https://www.ruger.com/corporate/PDF/ER-2012-10-31.pdf
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