Sturm Ruger & Co. posted the highest yearly profit since at least 1987 as speculation that the U.S. would regulate guns more strictly spurred record firearms demand.
Net income increased to $70.6 million, or $3.60 a share, in 2012 from about $40 million, or $2.09, a year earlier, the Southport, Connecticut-based company said in a regulatory filing yesterday. That topped the $3.41 average estimate of analysts in a Bloomberg survey.
