The Down Range Forum
Member Section => Down Range Cafe => Topic started by: gunman42782 on March 22, 2012, 06:35:42 PM
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Thursday, March 22, 2012
Ruger Temporarily Suspends Acceptance of New Orders
SOUTHPORT, CT --Sturm, Ruger & Company, Inc. (NYSE-RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.
Chief Executive Officer Michael O. Fifer made the following comments:
• The Company's Retailer Programs that were offered from January 1, 2012 through February 29, 2012 were very successful and generated significant orders from retailers to independent wholesale distributors for Ruger firearms.
• Year-to-date, the independent wholesale distributors placed orders with the Company for more than one million Ruger firearms.
• Despite the Company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the Company has temporarily suspended the acceptance of new orders.
• The Company expects to resume the normal acceptance of orders by the end of May 2012.
The Company will announce its results and file its Quarterly Report on Form 10-Q for the first quarter of 2012 on Tuesday, May 1, 2012, after the close of the stock market.
About Sturm, Ruger
Sturm, Ruger was founded in 1949 and is one of the nation's leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
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And on a related note . . . .
Gun sales explode as election looms
http://www.foxnews.com/us/2012/03/22/gun-sales-off-to-bang-for-election-year/ (http://www.foxnews.com/us/2012/03/22/gun-sales-off-to-bang-for-election-year/)
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I'm doing my part to help gun sales. 2 so far and it's only March. Depends on bonus's and outside contract work how much I can spend.
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Ruger did promote a 1 Million Gun Campaign,...I guess they achieved it,....in a very short order, and need to play catch up.....
Good.
"As civil rulers, not having their duty to the people before them, may attempt to tyrannize, and as the military forces which must be occasionally raised to defend our country, might pervert their power to the injury of their fellow citizens, the people are confirmed by the article in their right to keep and bear their private arms."
(Tench Coxe in ‘Remarks on the First Part of the Amendments to the Federal Constitution' under the Pseudonym ‘A Pennsylvanian' in the Philadelphia Federal Gazette, June 18, 1789 at 2 col. 1)
"Who are the militia? Are they not ourselves? Is it feared, then, that we shall turn our arms each man gainst his own bosom. Congress have no power to disarm the militia. Their swords, and every other terrible implement of the soldier, are the birthright of an American.... [T]he unlimited power of the sword is not in the hands of either the federal or state governments, but, where I trust in God it will ever remain, in the hands of the people."
(Tench Coxe, The Pennsylvania Gazette, Feb. 20, 1788.)
"How long would the Nazis have kept it up...if every Jew they came after had met them with a gun in his hand?"
Walter Mathau - Fail Safe - 1964
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I have a standing order at several gun shops for a Ruger 1911 and a SP101 .22. None of the shops have been able to get either for since I put the order in about 3 months ago. I have seen them available elsewhere and on line, but I'm cheap, and don't want to pay gouging prices. Spoke to Ruger last week about another issue.. Mentioned that they were breaking me lately with some of the products coming out, but that It was difficult trying to find some of them. They told me the product was going out, but right through the distributors as backorders.
One local shop has been waiting 3 plus months for Rock River. They placed an order with Springfield at the SHOT show and are still waiting for that also. They have also been trying to get some Ruger MK111 pistols to replace stock, and can't find any.
Take a look online. A lot of AR stuff is out of stock, backordered,, long wait times, or just unavailable.
bHo, the best marketing tool in the shooting industry ever.
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bHo, the best marketing tool in the shooting industry ever.
FIFY ;D
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Ruger did promote a 1 Million Gun Campaign,...I guess they achieved it,....in a very short order, and need to play catch up.....
The goal is to sell 1 million guns between last April and this one (NRA National Convention dates). (penance for the old man's previous politics?) They plan to donate $1 per gun ($1m) to the NRA-ILA at the convention. This could be a slight setback.
I did my part by purchasing the LCP last year.
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This is why I'm carrying an LCR in .38 instead of .357! The gun shop couldn't even give a WAG on when they were going to see the magnum revolver.
Either way, I did my part and took advantage of the discount on a Mitch Rosen holster and belt as well!
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Must be nice to run a company who's production facilities are so over booked with orders, new orders have to be refused.
And I don't blame them at all for not rushing to expand their facilities ASAP....should the election go the way we would like, there will be a steep decline in the demand for firearms......and plenty of time to ramp up if it doesn't ....
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I did get a dealers exclusive 10-22. Black laminated international style stock with blued metal. Thought it looked great.
http://www.ruger.com/products/1022DE/specSheets/1133.html
Tried to get the 1911 and .22 SP101 for quite sometime.
I have supported the second hand market since last April. If there wasn't a market for the used stuff, There would mot be a market for the new stuff.
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Amazing what happens when you increase R&D and start producing lines of products that people want!
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I think I read somewhere, (maybe in Guns magazine?) that they had already passed the million mark and where on track to do 1.2 million. Also that they would continue the $1/gun contribution to NRA/ILA above the $1million mark.
Corporate news says they got a million "orders" in Q1 of this year alone. They just can't ship them that fast.
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Must be nice to run a company who's production facilities are so over booked with orders, new orders have to be refused.
And I don't blame them at all for not rushing to expand their facilities ASAP....should the election go the way we would like, there will be a steep decline in the demand for firearms......and plenty of time to ramp up if it doesn't ....
Smith and Wesson is in a similar situation. I do not know what their exact plan is for trying to fill orders, but they are so backlogged that they are not giving reasonable delivery dates to dealers. They give a date far off in the future, and then dealers are surprised when it shows in three months.
I know a local big box store and a couple mom and pop shops that are socking everything they can into guns and ammo right now. They started out of fear of a possible BHO reelection, but right now are just hoping to keep something on the shelves as fall approaches.