Sturm, Ruger & Company, Inc. Reports First Quarter Earnings
of 30 Per Share and Declares Dividend of 8.6 Per Share
SOUTHPORT, Conn.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE: RGR - News), announced today that for the first quarter of 2009, the Company reported net sales of $63.5 million and earnings per share of $0.30, compared with sales of $42.5 million and earnings per share of $.07 in the first quarter of 2008.
The Company also announced today that its Board of Directors declared a dividend of 8.6ยข per share for the first quarter, for shareholders of record as of May 15, 2009, payable on May 29, 2009.
Chief Executive Officer Michael O. Fifer made the following comments related to the first quarter of 2009:
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