Welcome to our dedicated page for Vista Outdoor news (Ticker: VSTO), a resource for investors and traders seeking the latest updates and insights on Vista Outdoor stock.
Vista Outdoor Inc. (NYSE: VSTO) is a leading global designer, manufacturer, and marketer of consumer products in the ever-growing outdoor sports and recreation markets. Headquartered in the United States, Vista Outdoor employs over 6,000 individuals worldwide. The company's diverse portfolio includes well-recognized brands that offer high-quality and innovative products. These products include sporting ammunition and firearms, outdoor accessories, outdoor sports optics, golf rangefinders, and performance eyewear.
Core Business and Operations: Vista Outdoor operates through several key segments: the Kinetic Group, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology. The Kinetic Group, which focuses on ammunition brands, remains the company's primary revenue generator. This segment supplies ammunition for various activities, including training, hunting, target shooting, and personal protection.
Vision and Mission: The company's vision is to become a leading provider of quality products for outdoor enthusiasts. Vista Outdoor aims to deliver superior long-term returns to shareholders, offer value to customers and consumers, and provide rewarding careers for its employees. Its mission is to inspire people to enjoy the outdoors by leveraging its extensive capabilities and experience to create products that help enthusiasts achieve independence and success in their chosen activities.
Recent Achievements and Projects: Vista Outdoor continues to expand its market presence through strategic acquisitions and innovative product launches. Recent noteworthy achievements include the introduction of advanced performance eyewear and enhancements in their sporting optics range. The company also prides itself on fostering partnerships that enhance its brand value and product offerings.
Financial Condition: Vista Outdoor has shown robust financial performance with steady revenue growth, driven largely by its Kinetic Group. The firm's ability to adapt to market trends and consumer needs has solidified its position as a market leader in the outdoor sports arena.
Latest Developments: The company remains committed to innovation and customer satisfaction, consistently updating its product lines and exploring new market opportunities. Recent news highlights include strategic partnerships, product launches, and financial updates that underscore Vista Outdoor's commitment to growth and excellence in the outdoor recreation market.
Vista Outdoor Inc. (NYSE: VSTO) reported record financial results for the fourth quarter and fiscal year ending March 31, 2021, highlighting a 40% sales increase to $597 million. Gross profit soared to $182 million, with a gross margin expansion of over 1,000 bps. The company recorded a significant turnaround with EPS rising to $1.11 from a loss of $2.44 in the prior year. Full-year sales reached $2.23 billion, up 27%, driven by robust demand across segments, including a 28% sales increase in Shooting Sports. Looking forward, the company expects Q1 FY2022 sales between $600 million and $620 million.
Vista Outdoor Inc. (NYSE: VSTO) will hold an investor conference call on May 6, 2021, at 9:00 a.m. ET, to discuss its fourth quarter fiscal year 2021 financial results. The call will include financial guidance and strategic matters. Investors can access the call via Vista Outdoor's official website. For those unable to attend, a recording will be available by calling 719-457-0820 with the confirmation code 3276728. This recording will be accessible for one month following the call.
Vista Outdoor announced a private offering of $500 million senior notes due 2029, increasing from a previously announced $350 million. The notes will be issued at 100% of principal and are senior unsecured obligations, guaranteed by certain subsidiaries. Proceeds will fund the redemption of 5.875% Senior Notes due 2023 and general corporate purposes. The offering is limited to qualified institutional buyers and non-U.S. persons under Regulation S. The notes are not registered under the Securities Act.
Vista Outdoor has initiated a private offering of $350 million in senior notes due 2029. These senior unsecured obligations will be guaranteed by certain domestic subsidiaries of Vista Outdoor. The net proceeds will be utilized to redeem all outstanding 5.875% Senior Notes due 2023, alongside covering related fees and expenses. The offering is targeted solely at qualified institutional buyers and non-U.S. persons. This move aims to enhance the company’s financial position and streamline its debt obligations.
Vista Outdoor reported strong fiscal Q3 results for FY21, ending December 27, 2020. Sales increased by 35% to $575 million, with gross profit rising 84% to $163 million.
Operating income rose to $87 million from $19 million, and EPS climbed to $1.31 from $0.25 year-over-year. Free cash flow reached $294 million, significantly up from a cash use of $46 million in the previous year.
The acquisition of Hevi-Shot is expected to enhance their offerings. Future sales for Q4 are projected between $510-$530 million.
Vista Outdoor (NYSE: VSTO) will host an investor conference call on Feb. 4, 2021, at 9:00 a.m. ET, to discuss its third quarter fiscal year 2021 financial results. The call will cover financial outlook, guidance, and strategic matters. For those unable to attend, a telephone recording will be available for up to one month post-call at 719-457-0820 (code: 6195050). Vista Outdoor is a leading global designer and manufacturer of outdoor sports products, catering to various recreational pursuits.
Vista Outdoor (NYSE: VSTO) is donating biking gear to Pedal Power Minnesota after the theft of their trailer containing 30 bikes and accessories. The company contributed $30,000, completing Pedal Power's $50,000 fundraising goal for 2021 operations, which includes purchasing new bikes and safety gear. The theft, reported on November 19, prompted community support and police investigation. Vista's Chief Communications Officer emphasized their commitment to supporting outdoor activities for youth, aligning with the company’s mission and product expertise.
Vista Outdoor reported strong results for Q2 FY21, ending September 27, 2020. Sales surged by 29% to $575 million, while gross profit soared 79% to $162 million, reflecting improved margins and free cash flow. Operating expenses decreased to 15% of sales. The company highlighted a significant EBIT increase to $75 million, a major improvement from last year’s $1 million. Free cash flow reached $190 million, and EPS was $1.34, up from a loss of $(0.21). Additionally, Vista completed the acquisition of Remington, enhancing its portfolio.
Vista Outdoor (NYSE: VSTO) will host an investor conference call on November 5, 2020 at 9:00 a.m. ET to discuss its second quarter fiscal year 2021 financial results. The call will include an overview of financial results, outlook, and strategic matters. For those unable to attend, a recording will be available for one month at Vista Outdoor's website. This event highlights Vista Outdoor's ongoing commitment to transparency and investor communication.
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