Ruger Reports Positive Results In Third-Quarter 2021

by
posted on November 16, 2021
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
Ruger Production And Sales

Ruger issued its third quarter report last week for investors and—in a period when firearm sales are below that of last year’s record setting pace and workforce challenges and supply-chain disruptions add to the challenges—there were some surprises. The company’s plants have been running non-stop since the historic collision of the pandemic and social unrest, but the company’s ability to maintain a focus on team member welfare while running a profitable business shows in a move it made during the summer.

“Despite taking a one-week shutdown in July, we were able to increase production by 22 percent from last year,” Ruger CEO Christopher J. Killoy said in the report. “This was our first shutdown in two years, which gave our workforce a very well-deserved break, allowed us to perform some maintenance and reconfigure some of our manufacturing operations, which has us better prepared as we head into the fourth quarter and 2022.”

For the nine-month period that ended Oct. 2, 2021, the company’s net sales were $562.7 million. That figure represents a more than $150 million increase when compared to the same period the year before, when it was $399.6 million.

“Despite a moderation of overall demand as reflected in the last two quarters of adjusted NICS, we shipped all of the firearms that we built this quarter without the need to aggressively promote or discount our products,” Killoy said. “Our finished goods inventories remain near historic lows and we have just begun to replenish the distributor and retail inventories that were largely depleted over the past 18 months, putting us in a great position as we head into the fourth quarter, which has traditionally been a period of strong demand. In addition to our established firearms, we are working hard on some exciting new product initiatives, including the return of Marlin lever-action rifles…”

Latest

Hopkins & Allen Gunmaker
Hopkins & Allen Gunmaker

Hopkins & Allen: The Armsmaking Giant That Didn't Survive

Founded in 1868 in the northeast U.S., Hopkins & Allen grew from a friendly business venture into a prolific maker of affordable guns for brand names such as Merwin & Hulbert and Forehand & Wadsworth.

Burris Optics Celebrates 50 Years Of Fullfield Riflescopes

Firearms and ammunition ballistics have changed greatly over the last half-century, but one of the biggest leaps in performance hit the scene five decades ago, when Burris Optics introduced its Fullfield line of riflesopes.

I Have This Old Gun: Heckler & Koch P7

In the mid-1970s, the German federal police sought a replacement for its existing World War II-era sidearms and put out stringent guidelines for what it wanted in a handgun. The result was the Heckler & Koch P7.

New For 2025: Smith & Wesson Shield X

Smith & Wesson's new Shield X micro-compact handgun combines elements from the company's M&P Shield Plus with some cues from its smaller Bodyguard 2.0 design.

Review: Tisas PX-5.7 FO

The idea that a faster-moving, lightweight projectile can do the same work as a heavier, slower-moving slug has been around for ages, and the math clearly supports it, even if some in the general public don’t.

NRA Awards Grand Scholarships To 2024 Y.E.S. Students

The Y.E.S. program—which launched in 1996—is held each summer in Washington, D.C., and brings together high-achieving high school students from across the country for a week of immersive learning focused on the U.S. Constitution, Bill of Rights and American government.

Interests



Get the best of American Rifleman delivered to your inbox.