Vista Outdoor Inc. - VSTO STOCK NEWS

Vista Outdoor Inc. (NYSE: VSTO) will hold an investor conference call to discuss its second quarter fiscal year 2022 financial results on November 4, 2021, at 9:00 a.m. EDT. The financial results will be published on Vista Outdoor's website at 5:00 a.m. EDT on the same day. During the call, the company is expected to address its financial outlook and strategy. A recording of the call will be available for one month via telephone.

Vista Outdoor announced the completion of its acquisition of Foresight Sports for a gross purchase price of $474 million, expected to enhance its golf product offerings. The partnership combines Foresight's advanced golf technology with Bushnell Golf's brand strength, aiming to capture new users and expand market segments. For 2021, Foresight is projected to generate $100 million in net sales and $50 million in adjusted EBITDA. The transaction is anticipated to be immediately accretive to Vista's earnings, excluding transition costs.

Vista Outdoor has announced the acquisition of Foresight Sports for $474 million, intended to enhance its footprint in the golf industry and boost long-term high operating margins. Foresight Sports is a leader in golf technology and is expected to be immediately accretive to earnings, with 2021 projections of $100 million in net sales and $50 million in adjusted EBITDA. The acquisition aligns with Vista’s strategy to acquire market-leading brands and will leverage existing resources to enhance growth and market presence.

Vista Outdoor Inc. (NYSE: VSTO), a global leader in outdoor sports and recreation products, will participate in several investor conferences in September 2021. Notable events include CL King's 19th Annual Best Ideas Conference on September 14, Lake Street's 5th Annual Best Ideas Growth Conference on September 15, and KeyBanc's 2021 Leisure Day on September 23. Interested attendees can find more information through the respective firms or access webcasts via Vista's Investor Relations website.

About Vista Outdoor: The company designs and markets various high-quality outdoor products through renowned brands.

Vista Outdoor reported a remarkable first quarter FY22, with sales soaring 38% to $663 million and gross profit jumping 93% to $241 million. This growth is attributed to robust demand and strategic product innovation, evidenced by a 17% increase in R&D investment. The company successfully entered the golf simulation market and integrated two high-growth acquisitions: QuietKat and Venor. Looking ahead, Vista forecasts Q2 sales between $710 million to $730 million and EPS of $1.70 to $1.80, compared to $1.10 a year prior.

Vista Outdoor (NYSE: VSTO) will announce its first quarter fiscal year 2022 financial results on July 29, 2021, at 9:00 a.m. EDT. The investor conference call will cover the financial results, outlook, and strategy insights. Investors can access the call on their website and a recording will be available post-event. Vista Outdoor operates through two segments: Shooting Sports and Outdoor Products, offering well-known brands like Remington and CamelBak, serving global outdoor markets.

Vista Outdoor Inc. (NYSE: VSTO) announced the unveiling of its Value Creation Framework and long-term financial targets during a virtual Investor Day on May 26, 2021. The event featured presentations by key executives, including CEO Chris Metz, who highlighted the company's record earnings and successful integration of brands like Remington and HEVI-Shot. New acquisitions include QuietKat, known for rugged eBikes, and Venor, a hunt-inspired apparel brand. Investors can access the webcast and presentation materials on Vista Outdoor's website.

Vista Outdoor (NYSE: VSTO) announced the launch of the Vista Outdoor Corporate Foundation with an initial contribution of $3 million. The Foundation aims to partner with non-profits focusing on conservation and outdoor access, aligning with Vista's mission. CEO Chris Metz emphasized the Foundation's role in fostering outdoor enthusiasm and protecting open spaces. The Board includes Vista employees and will govern the Foundation's operations. Funding requests will be accepted from qualified non-profits starting Summer 2021, with applications considered based on specific criteria.

Vista Outdoor (NYSE: VSTO), a key player in the outdoor sports and recreation market, will host its 2021 virtual investor day on May 26, 2021, starting at 8:30 a.m. (EDT). This event will include presentations from top executives, including CEO Chris Metz and CFO Sudhanshu Priyadarshi, followed by a live Q&A session until 11:00 a.m. (EDT). Attendees must pre-register via the provided link. The event will be accessible on their website, with an archive available for one year post-event. For more information, visit www.vistaoutdoor.com.