STURM RUGER: Demand for guns exploded this summer likely because of election campaigning (RGR)

Before you go, we thought you'd like these...
Before you go close icon

Sturm, Ruger & Co. on Tuesday reported third-quarter earnings and said there was "stronger-than-normal" demand for guns this summer, which was likely boosted by election campaigning.

The gunmaker said net sales rose 34% year-on-year to $161.4 million, and it earned $1.03 in adjusted earnings per share.

These results come one week before a presidential election in which gun control is one of the most contentious issues. Hillary Clinton wants to reinstate the assault-weapons ban following recent mass shootings with them. Donald Trump opposes a ban; he wants to fix gun legislation and focus on mental healthcare.

26 PHOTOS
States with the toughest gun laws
See Gallery
States with the toughest gun laws
National Rifle Association's (NRA) annual meetings and exhibits show in Louisville, Kentucky, May 21, 2016. (Reuters)

#24. West Virginia
Score: 
18
Grade: D- 

West Virginia may rank low in terms of overall gun control, but in 2015 Democratic Gov. Earl Ray Tomblin vetoed a bill that would have allowed people to carry concealed weapons without a permit.

#23. Indiana
Score:
 19.5
Grade: D-

The relatively lax firearm laws in Indiana have led some to link them to gun violence in Chicago.

#22. New Hampshire
Score: 
20.5
Grade: D

New Hampshire requires handgun dealers to obtain a state license, but does not extend the rule to dealers of rifles and shotguns.

#21. Nebraska
Score: 
21.5
Grade: D

Nebraska differs from many states in that it gives local jurisdictions some control over firearm regulations.

#20. Virginia
Score: 
22
Grade: D

Following the Virginia Tech shooting in 2007, the state took greater measures to report mental health records and prohibit sales of firearms to any person who has been "adjudicated as a mental defective."

#19. Ohio
Score: 
24
Grade: D

Ohio does not prohibit the sale of assault weapons nor limit the number of firearms that may be purchased at one time.

#18. Wisconsin
Score: 
25
Grade: D

In a major blow to gun control advocates, Republican Gov. Scott Walker repealedthe state's mandatory 48-hour waiting period for handgun purchases in 2015.

#17. Iowa
Score: 
29
Grade: C-

Iowa took steps to tighten gun control when it enacted child access preventionrequirements upon gun owners.

#16. Colorado
Score: 
29.5
Grade: C-

While Colorado requires licensed firearms dealers to process background checks, it does not impose limits on the number of firearms that may be purchased at one time.

#15. Michigan
Score: 
30
Grade: C

Michigan gun control laws require firearm owners to report handgun purchases and theft of any firearm.

#14. Oregon
Score: 
31
Grade: C

Oregon greatly strengthened its firearm regulations in 2015 when it enacted laws requiring background checks for all firearm purchases.

#13. Pennsylvania
Score: 
35
Grade: C

Compared to other solidly Democratic states, Pennsylvania's gun control laws are relatively lax, with no requirements for firearm owners to obtain licenses or register their weapons.

#12. Minnesota
Score: 
36.5
Grade: C

Although federally licensed firearms dealers must initiate background checks, Minnesota does not require private sellers to do so.

#11. Washington
Score: 
47.5
Grade: B-

Washington requires all firearm dealers to obtain a state license, but does not mandate that individuals register their weapons.

#10. Delaware
Score: 
50.5
Grade: B

Delaware has relatively strict gun control measures, including mandatory background checks and purchase restrictions on domestic violence misdemeanants.

#9. Rhode Island
Score: 
58.5
Grade: B+

Rhode Island may have comprehensive gun control measures overall, but it stilldoes not prohibit the transfer or possession of assault weapons.

#8. Illinois
Score: 
60
Grade: B+

In addition to requiring background checks, Illinois has instituted some design safety standards for handguns.

#7. Hawaii
Score: 
73.5
Grade: B+

In 2014, Hawaii had the lowest number of firearm-related deaths per 100K people. Gun regulation advocates have attributed this to its tight gun control measures.

#6. New York
Score: 
81
Grade: A-

New York enacted major gun control reforms in 2013, including an expansion of the assault weapons ban and requirements for ammunition dealers to conduct background checks.

#5. Massachusetts
Score: 
81.5
Grade: A-

Following the New York reforms, Massachusetts passed a comprehensive gun control bill in 2014 that increased firearm regulations.

#4. Maryland
Score: 
82
Grade: A-

Among Maryland's firearm regulations are a ban on the transfer of certain assault weapons and a mandatory seven-day waiting period prior to the physical transfer of a firearm.

#3. New Jersey
Score: 
86
Grade: A-

Republican Gov. Chris Christie may have shifted to the right on the issue of gun control, but his state still has some of the tightest firearm regulations in the country.

#2. Connecticut
Score: 
86.5
Grade: A-

Connecticut's extensive gun control laws require firearms dealers to obtain a license and mandate background checks for all firearm sales at gun shows.

#1. California
Score: 
93.5
Grade: A-

California takes the top spot as the state with the strictest gun control measures. Among the regulations in place are required background checks and limitations on the number of handguns an individual can purchase each month.

of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

During the second-quarter earnings call in August, Sturm Ruger CEO Michael Fifer called on "our customers and all freedom-loving Americans to take action in support of the Second Amendment," especially leading up to the election.

The company said it would donate $2 to the National Rifle Association for every gun it sells, and would match all donations to the NRA up to $5 million until the election on November 8. The NRA has endorsed Trump for president.

RELATED: Firearms ballot measures in the November 8th election

Sturm Ruger shares gained after previous episodes of gun violence prompted politicians to call for stricter gun-control laws. Investors believed that people would buy more guns if they feared that purchasing in the future would be harder.

Earlier on Tuesday, FBI data showed that firearm background checks rose in October to 2.3 million, up from 2 million a year ago. Background checks reflect buyer interest, not sales.

NOW WATCH: Guns only fire if countless mechanisms work together in the blink of an eye

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners