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Vista Outdoor Inc. - VSTO STOCK NEWS

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.

News

Vista Outdoor Clears Key Milestone in Sale of The Kinetic Group to CSG and the Separation of Revelyst into a Standalone Public Company

Rhea-AI Summary
Vista Outdoor Inc. announces SEC approval for the sale of The Kinetic Group business to Czechoslovak Group, aiming to unlock stockholder value and promote long-term growth. The special meeting for stockholders to vote on the proposal is set for May 16, 2024.
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Vista Outdoor Foundation Donates $208,000 to Four Nonprofits

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Vista Outdoor Foundation donates $208,000 to four nonprofits as the company prepares to separate. The donations mark the final contribution from the Foundation, with plans for new companies Revelyst and The Kinetic Group to develop their own charitable giving strategies post-separation.
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Revelyst to Host Investor Day

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Revelyst, a segment of Vista Outdoor Inc. (NYSE: VSTO), is hosting an Investor Day on May 29, 2024, as it prepares to become a standalone public company in the second quarter of 2024. The event will feature presentations from key executives and business platform leaders, offering insights into Revelyst's strategy, initiatives, and financial performance.
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Vista Outdoor Participating in Upcoming Investor Conferences

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Vista Outdoor Inc. (VSTO) will participate in two investor conferences in March, UBS Global Consumer and Retail Conference on March 14 and 36th Annual ROTH Conference on March 18. The ROTH conference will feature Revelyst CEO Eric Nyman and CFO Andy Keegan in a fireside chat. Webcasts will be available on Vista Outdoor's investor relations website.
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Vista Outdoor Rejects Unsolicited Indication of Interest from MNC Capital

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Vista Outdoor Inc. rejects an unsolicited offer from MNC Capital to acquire the company for $35.00 per share, stating it significantly undervalues the company. The Board reaffirms its commitment to the acquisition by Czechoslovak Group a.s. and the separation of the Outdoor Products business as a standalone public company. The pending transaction with CSG is expected to drive greater value for stockholders.
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Vista Outdoor Confirms Receipt of Indication of Interest from MNC Capital

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Vista Outdoor Inc. confirms an unsolicited interest from MNC Capital to acquire the company in an all-cash transaction for $35.00 per share. The Board is reviewing the offer while the existing merger agreement with Czechoslovak Group remains in effect.
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MNC Capital Submits Proposal to Acquire Vista Outdoor for $35.00 Per Share in Cash

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MNC Capital Partners, L.P. submitted a proposal to acquire Vista Outdoor, Inc. for $35.00 per share, offering a substantial premium to Vista's current share price. The proposal aims to keep the Sporting Products business under U.S. ownership, highlighting its national security importance. Vista Outdoor's response is awaited after the follow-up letters.
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Revelyst Brands Participate in Public Lands Roundtable with Montana Rep. Zinke

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Revelyst, a segment of Vista Outdoor Inc. (NYSE: VSTO), along with its brands Simms Fishing Products and Stone Glacier, supports the Public Lands in Public Hands Act proposed by Rep. Ryan Zinke, R-Mont., and Rep. Gabe Vasquez, D-N.M. The Act aims to increase Congressional oversight over the disposal of federal lands to protect public access. It has bipartisan support and is backed by conservation nonprofits. The Act's goal is to ensure public lands remain accessible for future generations. Rep. Zinke hosted a roundtable on the Act at Stone Glacier's headquarters, where industry stakeholders voiced their support.
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Revelyst Outlines Progress on GEAR Up Transformation Plan

Rhea-AI Summary
Revelyst, a segment of Vista Outdoor Inc. (NYSE: VSTO), is in the process of separating into a standalone public company, with an expected execution date later this year. The company is working on a transformation initiative called GEAR Up to drive profitability and growth, which includes simplifying the business model, delivering increased efficiency and profitability, and reinvesting in its highest potential brands. The estimated $100 million annual cost savings by fiscal year 2027, in addition to the previously announced $50 million cost restructuring program, indicates a significant focus on improving financial performance. The company is consolidating teams across core locations and closing offices in several states as part of these measures. The CEO emphasized the need for bold and decisive actions to unlock the company's potential and transform it into the world's No. 1 house of brands.
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Vista Outdoor Reports Third Quarter FY24 Financial Results

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Vista Outdoor Inc. (NYSE: VSTO) has reported financial results for the third quarter of Fiscal Year 2024, ending on December 24, 2023. The company is on track to sell The Kinetic Group for $1.91 billion, expecting to create meaningful value. The GEAR Up transformation program is expected to drive $100 million of run-rate cost savings in FY27, providing a clear path to double standalone adjusted EBITDA in FY25. Q3 total sales were $682 million, with $317 million from Revelyst sales and $365 million from The Kinetic Group sales. The Q3 net income and adjusted EBITDA were $(148) million and $94 million, respectively. The balance sheet is improving, with a strong inventory reduction and a focus on debt paydown. The company reaffirms FY24 guidance for sales of $2.725 billion to $2.825 billion and adjusted EBITDA margins in the range of 15.50% to 16.25%.
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FAQ

What is the current stock price of Vista Outdoor (VSTO)?

The current stock price of Vista Outdoor (VSTO) is $44.11 as of November 15, 2024.

What is the market cap of Vista Outdoor (VSTO)?

The market cap of Vista Outdoor (VSTO) is approximately 2.0B.

What does Vista Outdoor Inc. do?

Vista Outdoor Inc. designs, manufactures, and markets consumer products for the outdoor sports and recreation markets, including ammunition, firearms, outdoor accessories, and performance eyewear.

How many employees does Vista Outdoor Inc. have?

Vista Outdoor Inc. employs over 6,000 individuals worldwide.

What is the primary revenue generator for Vista Outdoor?

The majority of Vista Outdoor's revenue is generated from its Kinetic Group segment, which focuses on sporting ammunition brands.

What is Vista Outdoor's vision?

Vista Outdoor's vision is to be a leading provider of quality products for outdoor enthusiasts while delivering superior long-term returns to shareholders, value for customers and consumers, and rewarding careers for employees.

What are the main segments of Vista Outdoor's operations?

Vista Outdoor operates through the Kinetic Group, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology.

Where is Vista Outdoor headquartered?

Vista Outdoor is headquartered in the United States.

What recent projects has Vista Outdoor undertaken?

Recent projects include the introduction of advanced performance eyewear, enhancements in their sporting optics range, and a focus on strategic acquisitions.

What types of products does Vista Outdoor offer?

Vista Outdoor offers sporting ammunition, firearms, outdoor accessories, outdoor sports optics, golf rangefinders, and performance eyewear.

How does Vista Outdoor ensure product innovation?

Vista Outdoor remains committed to innovation through continuous product updates, strategic partnerships, and exploring new market opportunities.

Why is Vista Outdoor significant in the market?

Vista Outdoor's robust financial performance, extensive product portfolio, and commitment to quality and innovation make it a market leader in the outdoor sports and recreation industry.

Stock VSTO logo
Vista Outdoor Inc.

NYSE:VSTO

VSTO Rankings

#1987 Ranked by Market Cap
N/A Ranked by Dividends

VSTO Stock Data

1.97B
58.34M
7.96%
90.69%
3.35%
Leisure
Ordnance & Accessories, (no Vehicles/guided Missiles)
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United States of America
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