Sturm, Ruger Warns of Restructuring Costs
RGR’s new CEO, Todd Seyfert, said the company will incur between $15 to $20 million in charges for organizational restructuring and writing down obsolete or discontinued inventory. In a letter to staff, Seyfert said that between $10 and $15 million of legacy models and other products will be charged off in Q2, with another $3 million for changes in leadership structure and right-sizing operations ... Log in to view full article.
