SOUTHPORT, Conn. - Sturm, Ruger & Company, Inc. (NYSE: RGR), a prominent American firearms manufacturer, has announced the appointment of Todd W. Seyfert as its new President and Chief Executive Officer, effective March 1, 2025. Seyfert succeeds Chris Killoy, who has led the company with distinction for two decades.
Seyfert, formerly the CEO of FeraDyne Outdoors, LLC, is recognized for his leadership in the outdoor adventure and shooting sports industries. He has a history of propelling corporate growth and profitability through strategic product development and operational improvements. Seyfert’s previous roles at ATK/Vista Outdoors, Magnum Research, Bushnell, Michaels of Oregon, and Birchwood Laboratories have equipped him with a robust background in manufacturing and consumer goods. He joins Ruger at a time when the company maintains a strong balance sheet with minimal debt and has consistently paid dividends for 16 consecutive years.
John A. Cosentino, Jr., Chairman of the Board of Directors, expressed confidence in Seyfert’s ability to drive Ruger’s market position and deliver long-term value to stakeholders. Seyfert’s appointment is seen as a strategic move to ensure the company’s continued growth and innovation.
During his tenure, outgoing CEO Chris Killoy made significant contributions to Ruger’s success, including the acquisition of Marlin Firearms and the introduction of new products such as the RXM pistol. Killoy, who joined Ruger in 2003 and became CEO in 2017, is credited with reinforcing Ruger’s reputation for innovation, quality, and customer focus.
Killoy will serve as a Special Advisor to Seyfert and the Board of Directors until his retirement in May 2025, after which he will remain on the Ruger Board.
Seyfert expressed his eagerness to lead Ruger into its next growth phase while upholding the company’s core values of integrity, respect, innovation, and teamwork. He also acknowledged the strong foundation laid by Killoy and the Ruger team.
Ruger, known for its rugged and reliable firearms, has a product portfolio that includes nearly 800 variations of more than 40 product lines. The company prides itself on its responsible citizenship and quality manufacturing. Currently trading near its 52-week low with a P/E ratio of 20.5, InvestingPro analysis suggests the stock is currently undervalued. Get detailed insights and access to comprehensive financial analysis for Ruger and 1,400+ other stocks with an InvestingPro subscription.
The information in this article is based on a press release statement. As with all corporate announcements, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
In other recent news, Sturm, Ruger & Company, Inc. reported a slight increase in Q3 2024 net sales, rising from $120.9 million the previous year to $122.3 million. However, diluted earnings per share decreased from $0.42 to $0.28 over the same period. The company maintains a strong financial position with $96 million in cash and short-term investments and no debt. As part of recent developments, the company has announced upcoming changes to its board leadership. John A. Cosentino, Jr. is set to succeed Ronald C. Whitaker as the Chairman of the Board, with Phillip C. Widman taking over as the Lead Vice-Chairman. Additionally, Sturm, Ruger has updated severance agreements with key executive officers, outlining severance benefits under certain termination conditions. The company has returned $39.3 million to its shareholders in the first nine months of 2024 through dividends and stock repurchases.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.