Sturm, Ruger & Company, Inc. Reports That Manufacturing Has Resumed at Its
Prescott, Arizona Facility
SOUTHPORT, Conn. -- July 30, 2013
Sturm, Ruger & Company, Inc. (NYSE-RGR) announced that production at its
Prescott, Arizona manufacturing facility resumed yesterday.
During a severe thunderstorm last Thursday, heavy precipitation caused a small
portion of the roof to collapse. A significant amount of water entered the
building and production was shut down. Fortunately, no one was injured.
Thanks to the hard work and dedication of our Prescott employees, temporary
repairs were completed over the weekend and signed off by the structural
engineers, which allowed production to resume.
We expect the cost of the repairs to the building and equipment, plus the
value of the lost production to be less than $5 million.
About Sturm, Ruger
Sturm, Ruger & Co., Inc. is one of the nation’s leading manufacturers of
rugged, reliable firearms for the commercial sporting market. The only
full-line manufacturer of American-made firearms, Ruger offers consumers over
400 variations of more than 30 product lines. For more than 60 years, Ruger
has been a model of corporate and community responsibility. Our motto, “Arms
Makers for Responsible Citizens,” echoes the importance of these principles as
we work hard to deliver quality and innovative firearms.
The Company may, from time to time, make forward-looking statements and
projections concerning future expectations. Such statements are based on
current expectations and are subject to certain qualifying risks and
uncertainties, such as market demand, sales levels of firearms, anticipated
castings sales and earnings, the need for external financing for operations or
capital expenditures, the results of pending litigation against the Company,
the impact of future firearms control and environmental legislation, and
accounting estimates, any one or more of which could cause actual results to
differ materially from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date made. The Company undertakes no obligation to publish revised
forward-looking statements to reflect events or circumstances after the date
such forward-looking statements are made or to reflect the occurrence of
subsequent unanticipated events.
Sturm, Ruger & Company, Inc.
One Lacey Place
Southport, CT 06890
Press spacebar to pause and continue. Press esc to stop.