Sturm, Ruger & Co. Inc. (NYSE:RGR) may acquire Remington Outdoor Company, Inc. (Freedom Group). Sturm Ruger said it was looking at the accounts of up-for-sale rival Freedom Group, but said it was unlikely it would make a bid. Michael Fifer, Chief Executive Officer of Sturm Ruger, said that Freedom could be an acquisition opportunity but he expects a deal to be grossly overpriced." He added, "I'll admit it we got the book and we'll look at the book, but I don't actually expect it to go a lot further than that."

Sturm, Ruger & Co. Inc. announced unaudited earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported total net sales of $155,905,000 against $112,337,000 a year ago. Operating income was $37,102,000 against $24,416,000 a year ago. Income before income taxes was $37,351,000 against $24,571,000 a year ago. Net income and comprehensive income was $23,718,000 or $1.20 per diluted share against $15,480,000 or $0.79 per diluted share a year ago. Cash provided by operating activities was $30,407,000 against $21,841,000 a year ago. Property, plant and equipment additions were $7,705,000 against $3,047,000 a year ago. Book value per share at the end of the first quarter was $5.78 a share, of which $2.36 is cash and equivalent. Return on equity was 83%. The company expects to invest approximately $30 million for capital expenditures during 2013.

Sturm, Ruger & Co. Inc. announced that its Board of Directors declared a dividend of 49 cents per share for the first quarter of 2013, for shareholders of record as of May 10, 2013, payable on May 24, 2013.