Booming gun demand resulted in another banner quarter for RGR, which reported earnings that grew fivefold to $24,753,000 in Q3 from $4,817,000 last year, on 53% higher sales of $145,705,000 vs. $94,999,000. Consumers continued to seek out self defense firearms through the quarter, stoked by fear of civil unrest and reduced police presence, underpinned by the continuing Covid-19 pandemic. About 12.5 million Americans have bought firearms this year, and about 5 million are first time gun buyers, according to the NSSF.

Ruger has been scrambling to catch up with demand, with only limited success. Finished goods inventory was described as at ... Log in to view full article.