EX-99.1 2 y31830exv99w1.htm EX-99.1: PRESS RELEASE EX-99.1
 

EXHIBIT 99.1
(STRUM, RUGER & Co., Inc. LOGO)
FOR IMMEDIATE RELEASE
STURM, RUGER & COMPANY, INC. REPORTS SALE OF
NON-MANUFACTURING REAL ESTATE
     SOUTHPORT, CONNECTICUT, March 8, 2007 — Sturm, Ruger & Company, Inc. (NYSE-RGR) announced that it sold 42 parcels of non-manufacturing real property located in New Hampshire for $7.2 million today. The purchaser of the property was William B. Ruger, Jr., the Company’s former Chief Executive Officer and Chairman of the Board.
     The Company expects to realize a gain of approximately $5.1 million from this sale in the first quarter of 2007. In December 2006, the Company announced its intention of selling non-manufacturing real property assets and artwork. This sale included substantially all of the Company’s non-manufacturing real property assets in New Hampshire.
About Sturm, Ruger
     Sturm, Ruger was founded in 1949. The Company’s business segments are engaged in the manufacture of the world famous RUGERâ brand of sporting and law enforcement firearms and steel investment castings for a variety of customers and end uses. Plants are located in Newport, New Hampshire and Prescott, Arizona. Corporate headquarters is located in Southport, Connecticut.

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The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.

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