Sturm, Ruger & Co. Second Quarter Report 2005

Ruger has posted their 2005 Second Quarter Report (pdf file). Link posted here because I am not only a gun owner and a Ruger owner, I am also a Ruger stockholder (although admittedly only a very small stockholder).

In the second quarter of 2005, net sales were $34.4 million, compared to $32.7 million in the second quarter of 2004, producing break-even results for the second quarter of 2005, as compared to a net loss of $0.5 million or $0.02 per share in the second quarter of 2004. For the six months ended June 30, 2005, net sales were $78.7 million and net income was $3.7 million, or $0.14 per share. For the corresponding period in 2004, net sales were $73.0 million and net income was $3.4 million, or $0.13 per share.

Firearm unit shipments in the second quarter increased 11% from the prior year due to strong demand and shipments of the new family of Ruger Mark III .22 caliber pistols, the Ruger P345 centerfire pistols, and Ruger 10/22 rifles. Shipments of our 10/22 rifles were enhanced by a dealer-driven rebate program in effect in May and June. Also in high demand are the new family of Ruger Vaqueros, the 50th Anniversary Ruger Blackhawk, the new family of Ruger Ranch Rifles and the Ruger Super Redhawk Alaskan. Though production engineering shortcomings have significantly curtailed shipments of these new products up until late summer, these problems have now largely been rectified, and we look forward to significantly increased new revolver and rifle shipments in the latter half of the year.