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Shooting Industry May 2011 Digital Edition - Page 8
Industry Industrynews ompany executives from throughout the industry visited Capitol Hill in early April to present their business concerns to lawmakers during NSSF’s Congressional Fly-In. Private meetings were held with more than 30 legislators, including Senate Majority Leader Harry Reid (D-Nev.), Sen. David Vitter (R-La.) and the senior staff from Senate Minority Leader Mitch McConnell’s office. The nearly 40-member delegation also heard from Sen. Jim Risch (R-Idaho), Rep. Don Young (R-At Large-Alaska), Martin Heinrich (D-N.M.) and Rep. Mike Ross (D-Ark.), executives from the Congressional Sportsmen’s Caucus and the Second Amendment Task Force, among other congressional leaders. Industry executives discussed numerous issues affecting the industry, including: • Safeguarding the rights of sportsmen to continue to use traditional ammunition; • Improving the ability of U.S. manu- ATK Launches Premium Partners Website — pg. 20 Industry Delivers Business Message To Capitol Hill C “ facturers and distributors to compete in an increasingly global economy; • Seeking a comprehensive federal study of firearms microstamping. The industry delegation also sought additional funding for NSSF’s ongoing “Don’t Lie for the Other Guy” dealer and consumer education program. This was a tremendous opportunity for industry leaders to express their concerns and extend their thanks to lawmakers. those actions that need to happen in order to keep America’s firearms and ammunition industry financially sound in an everchanging global marketplace,” said Steve Sanetti, NSSF president and CEO. As part of the Fly-In, NSSF ran ads in D.C.-area publications reminding legislators of the firearm industry’s economic impact on the nation’s economy. The ads also highlighted the pivotal role excise taxes collected from the industry have in funding wildlife conservation throughout the United States. “These face-to-face meetings play an integral role in policy decisions that impact the everyday business of the entire firearms and ammunition industry. Engaging Steve Sanetti, NSSF president, CEO legislators directly is a must, and industry leaders could not have done a better job “This was a tremendous opportunity representing their companies, employees for industry leaders to express their con- and this industry,” said Lawrence G. Kecerns and extend their thanks to lawmak- ane, NSSF senior vice president and geners. Demonstrating a deft command of eral counsel. the issues, participants clearly identified Visit www.nssf.org. ” Ruger Reports 2010 Earnings, Dividends R uger announced that for 2010, the company reported net sales of $255.2 million and earnings of $1.48 per share, compared with sales of $271 million and earnings of $1.44 per share in 2009. For the fourth quarter of 2010, net sales were $64.1 million and earnings were 30¢ per share. For the corresponding period in 2009, net sales were $63.9 million and earnings were 31¢ per share. “New product introductions remain a strong driver of demand, and represented $62.3 million, or 24.8 percent, of sales in 2010,” said Michael O. Fifer, Ruger CEO. Fifer said that in 2010, the company returned $12 million to its shareholders through dividends and repurchasing 412,000 shares of Ruger common stock in the open market. In January 2011, Ruger repurchased an additional 133,400 shares, and in April repurchased 133,400 shares. Ruger reports “the repurchases were funded with cash on hand.” For more information, visit www.ruger.com/corporate. Kimber Supports USA Shooting See page 10 $78,500 “The best thing to do is to be fair, honest and upfront with people.” Gerry Morey, Ocean Tactical, Bayville, N.J. SHOT Show Auction Sets Record See page 45 $107,550 See page 41 Join Us At The Rockcastle Shooting Center For The 2011 Shooting Industry Masters! page 26 8 MAY 2011 Read SI DIGITAL www.shootingindustry.com