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<TYPE>EX-99.1
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<FILENAME>y87768exv99w1.txt
<DESCRIPTION>PRESS RELEASE
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                        EXHIBIT 99.1


[STURM, RUGER & COMPANY, INC. LOGO]


STURM, RUGER & Company, Inc.
Southport, Connecticut 06890 U.S.A.
ALL RUGER FIREARMS ARE DESIGNED AND MANUFACTURED IN OUR OWN FACTORIES IN THE
UNITED STATES OF AMERICA


                                                           FOR IMMEDIATE RELEASE

For further information contact:
     William B. Ruger, Jr.       603-863-3300
     Stephen L. Sanetti          203-259-7843
     Thomas A. Dineen            203-259-7843



                   STURM, RUGER & COMPANY, INC. EXPECTS LOWER
                             SECOND QUARTER EARNINGS

         SOUTHPORT, CONNECTICUT--June 20, 2003--Sturm, Ruger & Company, Inc.
(NYSE: RGR) announced that preliminary estimates for the second quarter ending
June 30, 2003 indicate that earnings will be substantially below those achieved
during the same period in 2002. In 2002, second quarter earnings were $2.9
million or $0.11 per share. Despite a marked improvement in investment castings
profit margins, a significant reduction in firearm sales and the consequential
erosion of profitability are expected to result in an earnings shortfall.

         Chairman William B. Ruger, Jr. commented on these developments, "The
current firearms market conditions and the delayed introduction of certain new
firearms models resulted in the decline in sales. We look forward to the
introduction of several new firearms product offerings in the latter half of the
year. Our robust debt-free balance sheet, the continued improvement in our
castings business, and our unceasing success in defeating the remaining
ill-conceived municipal lawsuits point toward a prosperous future."



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         The Company expects to release earnings for the second quarter ending
June 30, 2003 on July 22, 2003.

         Sturm, Ruger was founded in 1949. Since 1950 it has never failed to
show an annual profit and has never required financing from outside sources. The
Company's business segments are engaged in the manufacture of the world famous
RUGER(R) brand of sporting and law enforcement firearms and titanium and steel
investment castings for a variety of customers and end uses. Plants are located
in Newport, New Hampshire and Prescott, Arizona. Corporate headquarters is
located in Southport, Connecticut.



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Sturm, Ruger earnings page 2


         The Company may, from time to time, make forward-looking statements and
projections concerning future expectations. Such statements are based on current
expectations and are subject to certain qualifying risks and uncertainties, such
as market demand, sales levels of firearms, anticipated castings sales and
earnings, the need for external financing for operations or capital
expenditures, the results of pending litigation against the Company including
lawsuits filed by mayors, attorneys general and other governmental entities and
membership organizations, and the impact of future firearms control and
environmental legislation, any one or more of which could cause actual results
to differ materially from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date made. The Company undertakes no obligation to publish revised
forward-looking statements to reflect events or circumstances after the date
such forward-looking statements are made or to reflect the occurrence of
subsequent unanticipated events.




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