Ruger 2Q earnings, sales fall

Monday, January 10, 2011

Sturm, Ruger & Company Inc. reported lower sales and earnings in the second quarter.

The company reported second-quarter net sales of $64.4 million and earnings of 43 cents per share, compared with sales of $72.4 million and earnings of 46 cents per share in the second quarter of 2009.

For the six months ended July 3, net sales totaled $132.7 million and earnings were 86 cents per share. A year earlier, net sales totaled $135.9 million and earnings were 76 cents per share.

The company -- which is based in Southport, Conn., but has a manufacturing facilities in New Hampshire -- also declared a dividend of 10 cents per share, payable Aug. 27 to shareholders of record on Aug. 13. -- NEW HAMPSHIRE BUSINESS REVIEW

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