New weapons and operating efficiencies drove Fairfield gun maker Sturm, Ruger & Co. Inc.’s second-quarter sales and earnings higher.
For three months ended June 30, Sturm Ruger netted $18 million, or 91 cents a diluted share, up from $10.8 million, or 56 cents a share, netted the same quarter a year ago.
Second-quarter sales grew to $119.6 million vs. $79.6 million last year.
The company also declared a dividend of 37.7 cents a share payable Aug. 27 to stockholders on record by Aug. 13.
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Sturm Ruger’s dividend fluctuates based on earnings. Since March, it said its dividend has risen 67 percent.
