Sturm, Ruger Is Hiring Engineers As Guns Outstripped By Record Demand

Sturm, Ruger Is Hiring Engineers As Guns Outstripped By Record Demand

Doug Spaulding, a Ruger firearms representative, instructs a woman on the proper technique for Sturm, Ruger RGR 0.0% , one of the most prominent gun makers in America, reported a 61% surge in net sales during the fourth quarter, which included the election of President Biden, a Democrat with an aggressive gun control plan. Sturm, Ruger reported that net sales totaled $169.26 million during the fourth quarter, compared to $105.13 million in the year-ago quarter. The company also reported a gain of 38% in net sales for 2020, to $568.86 million, compared to $410.5 million in 2019. Last year’s “historic surge” in sales had the potential to be even greater, but demand outstripped product last year, resulting in “depleted” inventory, said Chief Executive Office Chris Killoy in a Thursday call with analysts. “These [sales] increases have likely been constrained due to the limited amount of inventory in the distribution channel,” said Killoy. He said the company accelerated hiring and added 250 more factory workers last year, with plans to continue hiring to rebuild inventory for 2021. Sturm, Ruger currently has 35 job openings listed on its web site, at facilities in six states, mostly for engineering and other manufacturing-related jobs. The company has a workforce of 1,800, according to the CEO. Last year was a record for gun sales industrywide. The Federal Bureau of Investigation conducted 39.69 million background checks for gun purchases in 2020, which is the largest annual tally since the FBI started keeping track in 1998. […]

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