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Shooting Industry May 2012 Digital Edition - Page 8
Industry Industrynews By Russ Thurman More Than One Gun For Personal Defense — pg. 18 Microstamping Stamped Out In New York — Again M icrostamping, the favored flawed science of anti-gun advocates, was once again struck down in New York. In March, the New York state budget committee voted on a revised budget that did not include a provision that mandated microstamping. The inclusion of the requirement in the state budget drew the ire of State Senator Patty Ritchie. “Even the most hardened gun foe can’t believe that microstamping has anything to do with budget issues like school aid, property tax relief for homeowners and economic development, and they’re using this sneak attack to force their radical, anti-gun and antisportsmen agenda,” Senator Ritchie said. Remington Arms Co. and Kimber Manufacturing strongly opposed this latest effort to require microstamping. In a letter to Gov. Andrew Cuomo, Stephen Jackson, Remington chief strategy and acquisition integration officer, said mi- crostamping would restrict the company’s expansion in the state. “Worse yet, Remington could be forced to reconsider its commitment to the New York market altogether, rather than spend the astronomical sums of money needed to completely reconfigure our manufacturing and assembly process. This would directly impact law enforcement, firearms retailers and law-abiding consumers throughout New York — if not the entire country,” Jackson wrote. Worse yet, Remington could be forced to reconsider its commitment to the New York market altogether. Kimber outlined its opposition in a press release, indicating that if microstamping became law, it would increase manufacturing costs, forcing the company to reconsider its current expansion and its ability to maintain the present number of manufacturing jobs in the state. “Kimber supports further testing and evaluation of both the technology and its efficacy regarding the reduction of the criminal misuse of firearms,” said Ralph E. Karanian, Kimber COO. “Absent definitive findings on both issues, microstamping legislation yields little more than a false sense of achievement for our elected officials, likely costs New York good manufacturing jobs and tax revenues, and distracts from the pursuit of truly effective solutions.” At the outset of this latest effort to mandate microstamping, NSSF urged New York firearm dealers, gun owners and sportsmen to voice their opposition. “The last thing New York needs is another failed concept (ballistic imaging) costing taxpayer money, forcing manufacturing jobs out of the state, and impacting only lawful firearms owners and retailers,” NSSF posted on its blog (www.nssfblog.com), while urging those in New York to contact members of the budget committee. To download a fact sheet on microstamping, visit www.nssf.org/factsheets. Ruger Logs Strong Bookings, Temporarily Suspends Orders S&W Reports Financial Results n early March, Smith & Wesson Holding Corp. announced financial results for its fiscal 2012 third quarter, ending Jan. 31, 2012. Net sales of $98.1 million were up 23.8 percent from the third quarter of last year. Gross profit for the third quarter was $30 million, or 30.6 percent of net sales, compared with gross profit of $19.4 million, or 24.5 percent of net sales, for the same period last year. “Our third-quarter results demonstrated the positive impact of our concentrated, strategic focus on firearms. We delivered sales growth across our M&P handgun and M&P modern sporting rifle categories, as well as our personal protection and concealed carry pistols, while achieving a number of key accomplishments,” said James Debney, S&W Holding Corp. president and CEO. “We continued to work on expanding our firearm manufacturing capacity to meet increased demand, an objective we plan to continue in the coming months as we address our robust backlog.” For more information, visit www.smith-wesson.com. R uger announced on March 21 that for the first quarter of 2012, the company has received orders for more than one million units, and was temporarily suspending the acceptance of new orders. According to Mike Fifer, Ruger CEO, the company’s retailer program, offered from Jan. 1 through Feb. 29, 2012, was very successful, generating significant orders from retailers to independent wholesale distributors. “Year-to-date, the independent wholesale distributors placed orders with the company for more than one million Ruger firearms. Despite the company’s continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders,” Fifer said. Ruger expects to resume the normal acceptance of orders by the end of May 2012, according to Fifer. For more information, visit www. ruger.com. MAY 2012 I 8 Subscribe to SI DIGITAL www.shootingindustry.com