At least some gun makers are not being ran out of bussiness!!!!!
Sturm Ruger's Third-Quarter Profit Up Sharply
The Associated Press
Published: Oct 20, 2003
SOUTHPORT, Conn. (Dow Jones/AP) - Sturm, Ruger & Co.'s third-quarter net income more than doubled due to the gun maker's one-time gain from the sale of Arizona real estate.
Net income was $3.85 million, or 14 cents a share, compared with $1.36 million, or 5 cents a share, in last year's third quarter.
Sturm Ruger recorded a gain of 13 cents a share from the sale of its Single-Six Ranch, a non-manufacturing piece of real estate.
Excluding the gain, which was approximately $3.5 million after taxes, Sturm Ruger had net income of about $305,000, or 1 cent a share, in the third quarter.
Sales fell 3.2 percent to $36.8 million from $38 million.
Castings sales for the quarter fell 21 percent from a year ago, while firearms sales were flat.
The company designs, makes and sells firearms and precision metal castings.
Shares of Southport-based Sturm Ruger closed at $11.07, up 19 cents, or 1.8 percent, Monday on the New York Stock Exchange.
Sturm Ruger's Third-Quarter Profit Up Sharply
The Associated Press
Published: Oct 20, 2003
SOUTHPORT, Conn. (Dow Jones/AP) - Sturm, Ruger & Co.'s third-quarter net income more than doubled due to the gun maker's one-time gain from the sale of Arizona real estate.
Net income was $3.85 million, or 14 cents a share, compared with $1.36 million, or 5 cents a share, in last year's third quarter.
Sturm Ruger recorded a gain of 13 cents a share from the sale of its Single-Six Ranch, a non-manufacturing piece of real estate.
Excluding the gain, which was approximately $3.5 million after taxes, Sturm Ruger had net income of about $305,000, or 1 cent a share, in the third quarter.
Sales fell 3.2 percent to $36.8 million from $38 million.
Castings sales for the quarter fell 21 percent from a year ago, while firearms sales were flat.
The company designs, makes and sells firearms and precision metal castings.
Shares of Southport-based Sturm Ruger closed at $11.07, up 19 cents, or 1.8 percent, Monday on the New York Stock Exchange.