Profits in the final quarter tumbled by two-thirds to $3,485,000 from $10,477,000, driven by plunging gross margins, despite a 4% increase in revenues to $151,062,000 from $145,775,000. RGR’s profitability has been pressured in recent quarters by rising raw-materials costs and a shift in the mix towards lower-priced, lower-margin firearms. Gross margin was 17.8% in Q4, down 490 basis points from a year ago, and the proxy fight with Beretta added costs below the line. During the fourth quarter, RGR launched 65 new models, including the Glenfield by Ruger rifle, the Harrier ... Log in to view full article.