EX-99.1

EXHIBIT 99.1

SOUTHPORT, CONNECTICUT 06890 U.S.A.

FOR IMMEDIATE RELEASE

STURM, RUGER & COMPANY, INC. REPORTS SECOND QUARTER 2007 RESULTS AND FILES
QUARTERLY REPORT ON FORM 10-Q

SOUTHPORT, CONNECTICUT, July 24, 2007 — Sturm, Ruger & Company, Inc. (NYSE-RGR) today filed its Quarterly Report on Form 10-Q for the second quarter of 2007, which has been posted and is available on the SEC website at www.sec.gov and the Ruger website at www.ruger.com. The financial statements included in this Quarterly Report on Form 10-Q are attached to this press release. However, investors are urged to read the complete Form 10-Q to ensure that they have adequate information to make informed investment judgments.

About Sturm, Ruger

Sturm, Ruger was founded in 1949. The Company’s business segments are engaged in the manufacture of the world famous RUGER^âbrand of sporting and law enforcement firearms and steel investment castings. Plants are located in Newport, New Hampshire and Prescott, Arizona. Corporate headquarters is located in Southport, Connecticut.

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, the impact of future firearms control and environmental legislation, and accounting estimates, 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.

STURM, RUGER & COMPANY, INC.

Balance Sheets (Unaudited)
(Dollars in thousands, except share data)


	June 30,			December 31,
	2007			2006

Assets

Current Assets
Cash and cash equivalents	$	6,448		$	7,316
Short-term investments		64,122			22,026
Trade receivables, net		13,459			18,007

Gross inventories		60,861			87,477
Less LIFO reserve		(45,287	)		(57,555	)
Less excess and obsolescence reserve		(4,004	)		(5,516	)

Net inventories		11,570			24,406


Deferred income taxes		7,331			8,347
Prepaid expenses and other current assets		971			1,683

Total current assets		103,901			81,785

Property, plant and equipment		124,124			128,042
Less allowances for depreciation		(101,924	)		(105,081	)

Net property, plant and equipment		22,200			22,961


Deferred income taxes		2,766			3,630
Other assets		3,947			8,690

Total Assets	$	132,814		$	117,066

STURM, RUGER & COMPANY, INC.


	June 30,			December 31,
	2007			2006

Liabilities and Stockholders’ Equity

Current Liabilities
Trade accounts payable and accrued expenses	$	4,836		$	6,342
Product liability		1,335			904
Employee compensation and benefits		6,227			6,416
Workers’ compensation		6,500			6,547
Income taxes payable		4,270			1,054

Total current liabilities		23,168			21,263

Accrued pension liability		7,618			7,640
Product liability accrual		778			837
Contingent liabilities — Note 8		—			—

Stockholders’ Equity
Common Stock, non-voting, par value $1:
Authorized shares 50,000; none issued		—			—
Common Stock, par value $1: Authorized shares — 40,000,000; issued and outstanding 22,679,585 and 22,638,700		22,680			22,639
Additional paid-in capital		3,307			2,615
Retained earnings		87,696			74,505
Accumulated other comprehensive income (loss)		(12,433	)		(12,433	)

Total Stockholders’ Equity		101,250			87,326

Total Liabilities and Stockholders’ Equity	$	132,814		$	117,066

STURM, RUGER & COMPANY, INC.

Statements of Income (Unaudited)
(Dollars in thousands, except per share data)


	Three Months Ended June 30,				Six Months Ended June 30,
	2007		2006		2007		2006

Net firearms sales	$	39,567	$	29,222	$	83,237	$	70,047
Net castings sales		2,540		6,054		7,327		12,656

Total net sales		42,107		35,276		90,564		82,703

Cost of products sold		28,979		26,891		61,872		64,175

Gross profit		13,128		8,385		28,692		18,528


Expenses:
Selling		3,557		3,815		6,894		7,834
General and administrative		3,523		2,791		7,835		6,619

		7,080		6,606		14,729		14,453


Operating profit		6,048		1,779		13,963		4,075

Gain on sale of non-manufacturing assets (Notes 9 and 11)		1,883		—		7,085		—
Other income-net		635		639		975		712

Total other income		2,518		639		8,060		712


Income before income taxes		8,566		2,418		22,023		4,787

Income taxes		3,435		970		8,831		1,919


Net income	$	5,131	$	1,448	$	13,192	$	2,868


Earnings per share
Basic	$	0.23	$	0.06	$	0.58	$	0.11

Diluted	$	0.22	$	0.06	$	0.57	$	0.11

Average shares outstanding
Basic		22,658		26,911		22,649		26,911

Diluted		23,068		26,912		22,951		26,912

STURM, RUGER & COMPANY, INC.

Statements of Cash Flows (Unaudited)
(Dollars in thousands)


	Six Months Ended June 30,
	2007			2006

Operating Activities
Net income	$	13,192		$	2,868
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation		2,108			2,345
Gain on sale of non-manufacturing assets		(7,085	)		—
Deferred income taxes		1,880			(340	)
Changes in operating assets and liabilities:
Trade receivables		4,548			(351	)
Inventories		12,836			(1,677	)
Trade accounts payable and other liabilities		(1,899	)		509
Product liability		372			(296	)
Prepaid expenses and other assets		879			3,998
Income taxes		3,216			257

Cash Provided by Operating Activities		30,047			7,313


Investing Activities
Property, plant and equipment additions		(1,304	)		(1,648	)
Proceeds from the sale of non-manufacturing assets		12,485			—
Purchases of short-term investments		(44,096	)		(63,465	)
Proceeds from maturities of short-term investments		2,000			57,057

Cash used for investing activities		(30,915	)		(8,056	)


(Decrease) increase in cash and cash equivalents		(868	)		(743	)

Cash and cash equivalents at beginning of period		7,316			4,057


Cash and cash equivalents at end of period	$	6,448		$	3,314