Vista Outdoor

Vista Outdoor, Inc. engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports segment is comprised of ammunition and hunting & shooting accessories product lines. The Outdoor Products segment is comprised of sports protection, outdoor cooking, golf, and hydration product lines. The company was founded in 2014 and is headquartered in Anoka, MN.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2024

Earnings data Q1 2025

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Earnings data Q3 2025

VSTO anticipates mid-20s EBITDA, confident in achieving normalized profitability

VSTO's Q4 2023 earnings call highlighted solid financial performance, a focus on cost reduction, and a confident outlook for achieving normalized EBITDA. The company emphasized its strength in consumer demand, market rationalization, and sustainable profitability, while acknowledging challenges in declining consumer demand and anticipated input cost increases. Despite these challenges, VSTO sees opportunities in the normalized purchasing cycle, spinoff plans, and remains optimistic about the future.

Vista Outdoor to Spin Off Outdoor Products Segment, Sporting Segment Shows Strength

Vista Outdoor's earnings call highlighted the upcoming spin-off, strong performance in the Sporting Products segment, and the company's focus on technology and lean operations. Successful acquisitions and opportunities for revenue growth and margin improvement were also discussed, while potential pricing pressures and input cost increases pose challenges.

Vista Outdoor reports resilient Q3 performance amidst segment challenges

Vista Outdoor demonstrates strong financial performance in Q3 2023, with record sales in the Outdoor Products segment and significant improvements in adjusted EBITDA margins and earnings per share.
Challenges in the Sporting Products segment and external market pressures highlight areas for strategic focus, while opportunities in easing promotional environment and leveraging DTC channels offer avenues for growth.
The company's progress in the integration of Fox Racing and planned separation of segments in 2023 position Vista Outdoor for future success, supported by a solid balance sheet and strategic initiatives.

Vista Outdoor reports solid Q4 performance, plans spinoff for growth

Vista Outdoor's Q4 performance was resilient, with a focus on cost reduction and earnings improvement. The company plans to spin off the Outdoor Products segment, anticipates challenges from rising input costs, and aims for market share growth and profitability. Despite near-term pressures, Vista Outdoor remains optimistic about its future.

Vista Outdoor reports solid Q1 earnings, eyes margin improvement

Vista Outdoor's Q1 performance showcased strength in sales and EBITDA margins across segments.
Management's focus on margin improvement, acquisitions, and strategic operations positions the company for growth.
Challenges in margin improvement and market normalization are acknowledged, with opportunities for growth highlighted.
Overall, Vista Outdoor's earnings call reflects a balanced outlook with a focus on long-term value creation.

Vista Outdoor sells Sporting Products segment, focuses on iconic brands

Vista Outdoor's strategic sale of Sporting Products segment and focus on iconic brands under CSG ownership show promise for future growth.
Challenges include declining organic sales in Outdoor Products segment, necessitating cost-saving measures through the GEAR Up program.
Opportunities lie in doubling Revelyst's EBITDA through cost savings, reinvestment, and potential divestment from noncore assets.
Maintaining guidance for 2024 and plans to navigate a more promotional holiday season to return to normal EBITDA margins in Q4.

Vista Outdoor Q3 2024: Mixed Performance Amid Strategic Initiatives

Vista Outdoor navigated challenges in Q3 2024 with mixed performance across segments, focusing on cost savings and operational efficiencies.
Revelyst and Kinetic Group faced sales declines but showcased strengths in product innovation, market momentum, and strategic initiatives.
Supply chain disruptions and pricing actions posed challenges, while opportunities lie in brand optimization, market normalization, and EBITDA growth.
Overall, Vista Outdoor remains resilient, with a strategic outlook towards improving margins and capitalizing on market trends for future growth.

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Vista Outdoor, Inc. engages in the design, manufacture, and marketing of consumer products for outdoor sports and recreation markets. The company operates through following business segments: The Kinetic Group, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology. The Kinetic Group segment focuses on ammunition for training, hunting, target shooting, and personal protection. The Revelyst Outdoor Performance segment offers outdoor cooking, fishing gear, technical apparel, and accessories. The Revelyst Adventure Sports segment includes motocross, cycling, and snow sports protection, bike hydration packs, water bottles, and ebikes. The Revelyst Precision Sports Technology segment consists of golf technology brands with products like golf GPS devices, laser rangefinders, and launch monitors. The company was founded in 2014 and is headquartered in Anoka, MN.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that its Board of Directors unanimously recommends stockholders vote for the transaction with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group and invest in Revelyst (the “CSG Transaction”), and unanimously rejects the last proposal from MNC Capital (“MNC”). Board Determination Follows Robust Process that Yielded Compelling Stockholder Value The Board has been steadfast in.

Vista Outdoor Board of Directors Unanimously Recommends CSG Transaction and Rejects Last Proposal from MNC Capital

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc.'s (“Vista Outdoor”, the “Company”) (NYSE: VSTO) Board of Directors today issued the following statement: We take seriously our duty to maximize value for stockholders. In our continued efforts to maximize stockholder value and in response to stockholder feedback, we have been conducting a thorough process with financial and legal advisors to evaluate all strategic alternatives for our businesses. We are pleased to report that the Board's process.

Vista Outdoor Announces Cash Consideration for CSG Transaction Increased to $28 Per Share

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that, as part of the Board of Directors' ongoing review of strategic alternatives to maximize stockholder value, the Company and its Board, and their respective financial and legal advisors, are continuing to engage with MNC Capital (“MNC”) and its private equity partner and advisors with respect to MNC's revised proposal to acquire Vista Outdoor for $43.00 per share in cash, which wa.

Vista Outdoor Board of Directors Provides Update

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc.'s (“Vista Outdoor”, the “Company”) (NYSE: VSTO) Board of Directors today commented on MNC Capital's (“MNC”) most recent communication: The Vista Outdoor Board of Directors has been negotiating extensively with MNC. Notwithstanding our good faith efforts, MNC sent the Board a revised proposal last evening after 10:00 PM ET that expires on Monday. The public communication by MNC only hours after delivery of the proposal as well as the Monday expir.

Vista Outdoor's Board of Directors Comments on Public Communication from MNC Capital

Vista Outdoor Inc. (NYSE:VSTO ) Q1 2025 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Tyler Lindwall - Vice President of Corporate Development, IR and FP&A Eric Nyman - Co-Chief Executive Officer, Vista Outdoor; Chief Executive Officer, Revelyst Jason Vanderbrink - Co-Chief Executive Officer, Vista Outdoor; Chief Executive Officer, The Kinetic Group Andrew Keegan - Chief Financial Officer, Revelyst Conference Call Participants Anna Glaessgen - B. Riley Matt Koranda - Roth Capital Mark Smith - Lake Street Capital Markets Jim Chartier - Monness, Crespi & Hardt Operator Hello, and welcome to the First Quarter Fiscal Year 2025 Vista Outdoor Earnings Conference Call.

Vista Outdoor Inc. (VSTO) Q1 2025 Earnings Call Transcript

Vista Outdoor (VSTO) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.12 per share a year ago.

Vista Outdoor (VSTO) Q1 Earnings Surpass Estimates

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc. (NYSE: VSTO) today reported operating results for the First Quarter Fiscal Year 2025 (FY2025), which ended on June 30, 2024.

Vista Outdoor Reports First Quarter Fiscal Year 2025 Financial Results

Among the options Vista is reviewing before the next shareholder meeting is to re-engage in talks with MNC in hopes of landing a larger proposal from the venture capital group.

Vista Outdoor exploring alternative options instead of selling ammunition arm to foreign company

On July 30, 2024, Vista Outdoor (NYSE: $40.80; Market Capitalization: $2.38 billion) announced that its board of directors has begun reviewing strategic alternatives and is now open to selling its outdoor sporting gear business – Revelyst. The Czechoslovak Group (“CSG”) is exploring the acquisition option in addition to its proposed acquisition of The Kinetic Group.

Vista Outdoor Considers Selling Revelys

Vista Outdoor (VSTO) shares surged in premarket trading Tuesday after the company said it would undergo a "review of strategic alternatives" to consider its options amid a monthslong bidding war between The Czechoslovak Group (CSG) and private-equity backed offers from MNC Capital.

Vista Outdoor Stock Rises After Plans To Review Options Amid Bidding War

Vista Outdoor Inc. VSTO, +0.60% announced a review of its strategic alternatives early Tuesday and said its options include a potential sale of Revelyst, the unit houses the company's outdoor-products business of golfing, fishing equipment and branded biking. The Czechoslovak Group, or CSG, is also considering an acquisition of Revelyst in addition to its proposed plan to buy The Kinetic Group, which houses Vista's ammunition business.

Vista Outdoor announces review of strategic alternatives including potential sale of Revylyst unit

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc. announced that its Board of Directors has commenced a review of strategic alternatives.

Vista Outdoor Board Announces Review of Strategic Alternatives

Vista Outdoor (VSTO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Vista Outdoor (VSTO) Q1 Earnings Expected to Decline

GAMCO Investors Inc

GREENWICH, Conn.--(BUSINESS WIRE)--GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), and certain other affiliates own, on behalf of their clients, approximately 1.05% of the outstanding common stock of Vista Outdoor Inc. (NYSE: VSTO) (the “Company”). On July 26, 2024, GAMCO sent a letter to the Company's Chairman of the Board. A copy of the letter is referenced herein. Mr. Michael Callahan Chairman of the Board Vista Outdoor, Inc. Dear Michael: GAMCO As.

GAMCO Sends Letter to Vista Outdoor Inc.

Reiterates Intention to Vote AGAINST the CSG Proposal Recently Released Financial Results from Vista Make It Clear That Selling the Entire Company Provides Shareholders a Better Return Than Divesting The Kinetic Group NEW YORK, July 26, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares of common stock, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), today stated its belief that the $42 all-cash offer for Vista from MNC Capital Partners, L.P. ("MNC") is superior to the proposed sale of The Kinetic Group to Czechoslovak Group a.s.

GATES CAPITAL MANAGEMENT BELIEVES $42 ALL-CASH OFFER FOR VISTA OUTDOOR IS SUPERIOR TO THE PROPOSED SALE OF THE KINETIC GROUP TO CSG

CSG's Fully Financed Bid Provides Vista Outdoor Shareholders Certainty and Opportunity to Realize Superior Value Vista Outdoor Shareholders Can Vote FOR the CSG Transaction at Special Meeting of Stockholders on July 30, 2024 PRAGUE , July 23, 2024 /PRNewswire/ -- Czechoslovak Group ("CSG"), a leading global industrial holding company, which recently increased its offer for Vista Outdoor Inc.'s (NYSE: VSTO) ("Vista Outdoor") The Kinetic Group to $2.15 billion, today reaffirmed its strong commitment to successfully completing the acquisition. CSG believes its fully financed bid maximizes the value that will be received by Vista Outdoor shareholders, and that the transaction can be completed in early August.

CSG Reaffirms its Commitment to Successfully Completing $2.15 Billion Acquisition of the Kinetic Group and Maximizing Value for All Vista Outdoor Shareholders

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc. today issued a statement in response to MNC Capital to set the record straight.

Vista Outdoor Sets The Record Straight

Shares of Vista Outdoor (VSTO) rose Monday after the manufacturer and marketer of sporting and outdoor items said it supported an increased offer from Prague-based defense company Czechoslovak Group (CSG) for its Kinetic Group ammunition division.

Vista Outdoor Gets Higher Offer for Ammunition Unit Amid Bidding War

DALLAS--(BUSINESS WIRE)--MNC Capital Partners, L.P. (“MNC”) announced today that it is committed to its fully financed $42 per share all cash offer for Vista Outdoor Inc (NYSE: VSTO), and that it will not reduce the $42 per share price. MNC also said that it is willing to make a tender offer directly to Vista's shareholders at $42 a share, if Vista approves of MNC making the offer and allows shareholders to decide whether to accept it. MNC's Mark Gottfredson said, “We want Vista shareholders to.

MNC Capital Committed to All-Cash $42 Per Share Offer and Willing to Make Tender Offer

Vista Outdoor said on Monday Czechoslovak Group had raised the base purchase price for a proposed acquisition of its ammunition business, Kinetic Group, by $50 million to $2.15 billion.

CSG increases purchase price for Vista Outdoor's unit to $2.15 billion

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor announced that on July 21, 2024, the Company entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”).

Vista Outdoor Announces Increased Purchase Price from CSG for The Kinetic Group of $2.15 Billion and Increased Cash Consideration of $24.00 Per Share

NEW YORK, July 19, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), today reiterated its opposition to the pending sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG") in a letter sent to the Vista Board of Directors.

GATES CAPITAL MANAGEMENT EXPRESSES CONTINUED OPPOSITION TO VISTA OUTDOOR'S PROPOSED SALE OF THE KINETIC GROUP TO CSG

Proxy advisory firm Glass Lewis has recommended Vista Outdoor shareholders to vote in favor of the proposed merger of the company's ammunition unit with Czechoslovak Group (CSG), in a report seen by Reuters on Thursday.

Glass Lewis recommends Vista Outdoor shareholders to vote in favor of deal with CSG

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor announced that proxy advisory firm Glass Lewis & Co. recommends stockholders vote “FOR” the proposed sale of The Kinetic Group to CSG.

Leading Independent Proxy Advisory Firm Glass Lewis Recommends Vista Outdoor Stockholders Vote “FOR” the Sale of The Kinetic Group to CSG

DALLAS--(BUSINESS WIRE)--MNC Capital, L.P. (“MNC”) announced today that it has sent a letter to Vista Outdoor Inc. (NYSE: VSTO) urging engagement on its fully financed $42 per share all-cash offer. MNC's letter included the following: “It is unfortunate that Vista has not engaged with us for almost two months, has failed to make disclosures that shareholders need to make an informed decision, and has made untrue statements about our offer. In light of this, we feel compelled to write to you. It.

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