SOUTHPORT, Connecticut – Sturm, Ruger & Company, Inc. (NYSE: RGR), a prominent American firearms manufacturer, 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, former CEO of FeraDyne Outdoors, LLC, is known for his leadership in the outdoor adventure and shooting sports industry. He has a history of driving 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 strong manufacturing and consumer goods experience. 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 advance Ruger’s market position and deliver long-term shareholder value. Seyfert’s appointment is considered 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 strengthening 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 Ruger’s board.
Seyfert expressed his desire to lead Ruger into its next phase of growth 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 is proud of its responsible civic attitude and quality production. It is currently trading near a 52-week low with a P/E ratio of 20.5, InvestingPro analysis suggests that the stock is currently undervalued. Get detailed insights and access to comprehensive financial analysis for Ruger and over 1,400 other stocks with a subscription to InvestingPro.
The information in this article is based on a press release. As with all corporate announcements, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
In other recent news, Sturm, Ruger & Company, Inc. reported a slight increase in net sales in the third quarter of 2024, up from $120.9 million a year earlier 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 chairman of the board, and Phillip C. Widman will take over as senior vice president. In addition, Sturm, Ruger updated severance agreements with key executive officers, which set forth severance benefits subject to certain termination conditions. The company returned $39.3 million to its shareholders in the first nine months of 2024 through dividends and share buybacks.
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