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Sturm, Ruger Expanding Manufacturing Capacity

With demand still far outstripping supply, gun slinger Sturm, Ruger (NYSE: RGR  ) announced yesterday it is opening its third manufacturing plant and the first major expansion for the company in more than 25 years.

The facility will be 220,000 square feet and located in Mayodan, N.C., and is expected to be finalized in August. Sturm, Ruger currently employs more than 2,000 people in its two plants in Newport, N.H., and Prescott, Ariz. 

Last quarter the gunmaker reported revenues surged 39% to $155.9 million year over year, while earnings jumped 52% to $1.20 per share as it added new products to its lineup that accounted for more than a third of the increase in sales.

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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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3/27/2015 4:02 PM
RGR $50.23 Up +0.76 +1.54%
Sturm, Ruger & Com… CAPS Rating: ***

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