Woods and Waters An outdoor blog by John McCoy

Gun, ammo manufacturers post record profits

ruger.jpg                             winchester.jpg                    

Sure, the economy stinks right now. But that apparently isn’t keeping people from buying guns and ammunition.

Firearm manufacturer Sturm, Ruger & Co. recently reported net sales of $63.5 million for the first quarter of 2009, up $21 million from the first quarter of 2008. Shortly after Ruger’s news hit the wires, one of the nation’s leading ammo manufacturers — the Winchester Division of Olin Corp. — reported record-breaking first-quarter sales of $132.9 million, up from $110.8 million in 2008.