Weighed down by severance payments and costs related to its just-resolved battle with Beretta Holdings, RGR posted a bare $128,000 in Q1 profit, down 98% from $7,768,000 last year, as revenues increased 4% to $141,356,000 from $135,738,000. New products, including the RXM pistol, Marlin 1894 lever-action rifles, American Centerfire Rifle Generation II, Glenfield rifles, Harrier rifles, and the Ruger Red Label III Shotgun, represented 41% of firearm sales in the quarter. The Hebron factory acquired from Anderson Mfg., where the lower-priced Harrier MSRs are produced, is now operating at target capacity.

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