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LEADING FIREARMS COMPANY REPORTS RECORD YEAR AND QUARTER EARNINGS

 SOUTHPORT, Conn., March 4 /PRNewswire/ -- Sturm, Ruger & Company, Inc. (NYSE: RGR), the nation's largest producer of firearms (A), today reported record earnings for both the final quarter and calendar year 1992.
 Net income for the quarter rose 40 percent to $5,954,000 or 88 cents a share from $4,246,000 or 63 cents in 1991. Sales amounted to $40,877,000 versus $32,116,000 a year earlier, a gain of 27.3 percent.
 For the year, Sturm, Ruger achieved a 14.1 percent gain in sales to $156,075,000 and a 52 percent increase in net income to $22,151,000, equivalent to $3.29 per share. This compared with sales of $136,781,000 and earnings of $14,572,000 or $2.17 in 1991.
 William B. Ruger, chairman and chief executive officer, said the company's improvement in profitability was primarily due to the increase in sales, economies realized from the recent consolidation of manufacturing facilities, and continued emphasis on cost control.
 Mr. Ruger said the company should achieve "another creditable performance in 1993, although gains may not match those achieved in 1992 versus 1991, and to a great extent will depend on our further increasing market share in a highly competitive marketplace. Gun control measures which are expected to be considered by Congress during the year should not have any measurable effect on our sales."
 Sturm, Ruger recently declared a 2-for-1 stock split, subject to stockholders approval at the April 27 annual meeting. The record date will be May 7. The company increased its regular quarterly cash dividend 67 percent last September to 50 cents a share from 30 cents and also declared special cash dividends of 40 cents in August and 50 cents in December, resulting in an aggregate payout of $2.50 in 1992.
 Sturm, Ruger has never incurred long term debt during its 44-year history and its return on equity usually exceeds 15 percent.
 Together, William B. Ruger Sr., chief executive officer, William B. Ruger Jr., president, and other members of the Ruger family control more than 40 percent of the 6.7 million shares currently outstanding.
 Called, "America's greatest gun designer since John Browning" by The New York Times, Mr. Ruger has maintained the profitability of Ruger rifles, shotguns, revolvers and pistols at highly competitive prices over the years by investment casting many of the component parts for his firearms rather than forging them like his remaining old line competitors, all of which are now units of larger, diversified corporations.
 Sturm, Ruger & Company, Inc. was founded in 1949. The company's business segments are engaged in manufacturing high quality rifles and handguns for a variety of sporting and law enforcement purposes. The company also manufactures ferrous and non-ferrous investment castings for other companies. Plants are located in Newport and Manchester, New Hampshire, and Prescott, Ariz. Corporate headquarters are located in Southport, Conn.
 (A) Source: Federal Bureau of Alcohol, Tobacco and Firearms.
 STURM, RUGER & COMPANY, INC. AND SUBSIDIARIES
 Earnings Report
 Year ended Dec. 31 1992 1991(A)
 Net sales $156,075,000 $136,781,000
 Net income 22,151,000 14,572,000
 Net income per share 3.29 2.17
 Cash dividends per share 2.50 1.20
 Three months ended Dec. 31 1992 1991
 Net sales $40,877,000 $32,116,000
 Net income 5,954,000 4,246,000
 Net income per share 0.88 0.63
 Cash dividends per share 1.00 0.30
 (A) Included a $1.7 million pretax restructuring charge, amounting to $0.15 per share (after tax), which related to the company's 1991 decision to close its Southport, Conn. manufacturing facility primarily in order to reduce manufacturing overhead through consolidation of manufacturing operations at existing facilities located in Prescott, Ariz. and Newport, N.H.
 -0- 3/4/93
 /CONTACT: John M. Kingsley Jr., executive vice president or Gloria M. Biagioni, both of Sturm, Ruger & Company, Inc., 203-259-7843; or Pete Earle of Omega Group, 212-661-8722, for Sturm, Ruger & Company, Inc./
 (RGR)


CO: Sturm, Ruger & Company, Inc. ST: Connecticut IN: SU: ERN

LR-OS -- NY038 -- 2928 03/04/93 11:13 EST
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Date:Mar 4, 1993
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