Tranche Update on Sturm, Ruger & Company, Inc.'s Equity Buyback Plan announced on November 26, 2008.
February 21, 2024 at 05:02 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 268,502 shares, representing 1.52% for $12.03 million. With this, the company has completed the repurchase of 3,229,019 shares, representing 17.22% for $127.5 million under the buyback announced on November 26, 2008.
Sturm, Ruger & Company, Inc. is principally engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding parts. The Company primarily manufactures firearm products, under the Ruger name and trademark. It also manufactures and sells accessories and replacement parts for its firearms. In addition, the Company manufactures lever-action rifles under the Marlin name and trademark. Its firearms products are sold through a select number of independent wholesale distributors, principally to the commercial sporting market. Its design and manufacturing operations are located in the United States.
STURM, RUGER & COMPANY, INC. 
