Net income shot up 286% to $31,713,000 in the final quarter from $8,208,000 the year before, on sales that increased 61% to $169,260,000 from $105,139,000 as firearms demand remained very strong though the period. RGR does not provide forward guidance, but demand shows no sign of abating in 2021, and order backlog at year end was $516.6 million, representing nearly a full-year’s revenues remaining to be filled. The company’s finished goods inventory combined with distributor inventories decreased 86% in 2020.

To meet the surging consumer demand that began with pandemic lockdowns and social unrest in the first half, RGR expanded its ... Log in to view full article.