Net income increased 18% to $15,338,000 from $13,033,000 in the first quarter on 8% higher sales of $123,639,000 against $114,038,000 as coronavirus-driven demand cleaned out inventories at retailers and distributors. State level stay-at-home orders and the possibility of social unrest created a heightened concern for personal protection, including many first time buyers who had never thought they’d want or need a firearm. Sell through from distributors increased 37% in Q1, slightly behind NSSF-adjusted NICS checks, which were up 42%. Highlights included the Ruger-57 pistol and the Ruger LCP II in .22, as well as the new PC Charger pistol launched ... Log in to view full article.