$VSTO (Vista Outdoor Inc.)

$VSTO {{ '2016-08-30T15:49:19+0000' | timeago}} • Announcement

$VSTO said it plans to expand its ammunition manufacturing capacity in Lewiston, creating up to 137 new jobs. The company's current Lewiston operations (CCI, Speer and Southport locations) occupy about 400 acres and 315,000 square feet, employing about 1,400 employees.

$VSTO {{ '2017-07-13T20:26:42+0000' | timeago}} • Announcement

Consumer products company $VSTO has signed a wide-ranging partnership with the Boy Scouts of America. Under the partnership, Vista Outdoor has become the official conservation sponsor of the Scouts, and its brands became official partners for the various activities of the Scouts such as shooting, sports, archery, hydration and wheeled safety.

$VSTO {{ '2017-07-13T14:56:33+0000' | timeago}} • Announcement

Consumer products company $VSTO has appointed Matt Rice as Brand Manager for its Optics Global Product Lane. Rice will oversee market strategies and tactics for the company’s optics brands. Most recently, Rice served as Senior Account Supervisor at Blue Heron Communications.

$VSTO {{ '2017-07-10T21:09:10+0000' | timeago}} • Announcement

$VSTO's Chairman and CEO Mark DeYoung is retiring from the company and the Board of Directors, effective immediately. Michael Callahan, Vista Outdoor's Lead Independent Director, has been named Interim Chairman and CEO.

$VSTO {{ '2017-05-15T11:34:40+0000' | timeago}} • Announcement

$VSTO appointed Kenny Bement as VP and Corporate Controller, effective May 15, 2017. He will also assume the role of Chief Accounting Officer from Tom Sexton on June 5, 2017. Bement most recently served as Controller of Reporting and Governance for $GOOG $GOOGL, the parent company of Google.

$VSTO {{ '2017-05-11T18:41:17+0000' | timeago}} • Webcast

$VSTO stated that about 20% of the Outdoor Products segment sales are generated through online sales. This is through a variety of large partners as well as its own direct-to-consumer websites. The margins are in line with the margins in other channels of distribution. $VSTO will continue to make investments in this area.

$VSTO {{ '2017-05-11T18:30:02+0000' | timeago}} • Webcast

$VSTO has taken out significant costs in both its Outdoor Products and Shooting Sports segments. The company has reduced shifts and engaged in layoffs and staff reductions at its ammunition facilities. These cost reductions are not immaterial but they are offset by increases in fixed costs. $VSTO expects cost savings in the long-term.

$VSTO {{ '2017-05-11T18:09:19+0000' | timeago}} • Webcast

$VSTO said shooting sports channel inventories remain fairly high, particularly in the wholesale categories, and it will take some time to work this out. The company believes these inventories could be rationalized by the middle of FY18. As a result of this, market softness is likely to continue through summer and into early fall.

$VSTO {{ '2017-05-11T11:33:43+0000' | timeago}} • Announcement

$VSTO expects to generate about 22-24% of annual revenue guidance in 1Q18. The company also expects to generate about 10% of annual EPS guidance during 1Q18, as a result of increased promotional activity, which is driven by continued weak market conditions and bankruptcy liquidations.

$VSTO {{ '2017-05-11T11:33:27+0000' | timeago}} • Announcement

While $VSTO still sees indications that inventories in the channel will stabilize by the middle of the fiscal year, the company expects the period of market correction will extend beyond that point. Near term, $VSTO's 1Q18 will reflect a continuation of the particularly weak market conditions it saw in 4Q17.

$VSTO {{ '2017-05-11T11:30:18+0000' | timeago}} • Announcement

$VSTO expects FY18 sales of $2.36-2.42Bil and EPS of $1.10-1.30. The company predicts interest expense of about $50MM, tax rate of about 37%, capital expenditures of about $70MM and free cash flow of $175-200MM. For FY18, $VSTO expects EBITDA margins of about 11%.

$VSTO {{ '2017-05-11T11:27:28+0000' | timeago}} • Announcement

$VSTO reported a drop in 4Q17 earnings due to higher operating expenses from acquired businesses and write-off of receivable on customer's bankruptcy. Net income fell to $0.86MM or $0.02 per share from $37.31MM or $0.61 per share last year. Sales dropped to $578.75MM from $612.3MM. Adjusted EPS decreased to $0.03 from $0.63.

$VSTO {{ '2017-03-14T22:11:49+0000' | timeago}} • Announcement

$VSTO has named Jennifer G. Anderson as Vice President and Treasurer, effective April 1, 2017. She will succeed Thomas G. Sexton, who has announced his intention to retire at the end of 1Q18.

$VSTO {{ '2017-02-01T13:30:22+0000' | timeago}} • Announcement

$VSTO's VP, Controller and Treasurer, Thomas Sexton, has announced his retirement, effective April 7, 2017. Sexton has worked for $VSTO and its predecessor companies since 1986, when he joined Honeywell in international reporting.

$VSTO {{ '2017-01-13T13:49:34+0000' | timeago}} • Announcement

$VSTO appointed Dave Allen as President of its Outdoor Products segment, which includes Hunting and Shooting Accessories, Outdoor Recreation, and Sports Protection. Allen replaces Kelly Grindle, who has left $VSTO to pursue other opportunities. $VSTO also appointed Jason Vanderbrink as SVP, Sales.

$VSTO {{ '2017-01-12T12:12:28+0000' | timeago}} • Announcement

$VSTO's preliminary analysis indicates the impairment charge will be in the range of $400-450MM although the company is in the process of finalizing the actual amount of the impairment. The company expects that the analysis supporting the impairment will be completed in time to allow for its recording in 3Q17.

$VSTO {{ '2017-01-12T12:10:52+0000' | timeago}} • Announcement

$VSTO expects to record a material, non-cash intangible asset impairment charge in its Hunting and Shooting Accessories reporting unit in 3Q17. The company does not expect the impairment charge to have any impact on future operations.

$VSTO {{ '2017-01-03T12:31:39+0000' | timeago}} • Announcement

$VSTO appointed Fred Ferguson as VP, Government and Industry Relations, reporting to Amanda Covington, its SVP of Communications and Government Relations. Ferguson will have responsibility for leading the company's legislative and executive branch outreach, industry association relationships, and its Political Action Committee.

$VSTO {{ '2016-11-10T18:00:52+0000' | timeago}} • Webcast

In the Shooting Sports segment, $VSTO said sales in 2Q17 was $364MM, an increase of 7% YoverY, helped by a strong sales performance in the company's ammunition and firearm portfolios. Gross profit in the segment rose 11% to $102MM, driven by volume and product mix.

$VSTO {{ '2016-11-10T17:57:18+0000' | timeago}} • Webcast

$VSTO stated that in Outdoor Products segment, sales were $321MM in 2Q17, up 51% YoverY, while organically the segment rose 1% from a year ago. The organic increase was helped by increased sales in tactical products, hydration systems, shooting accessories and eye wear.

$VSTO {{ '2016-11-10T12:36:17+0000' | timeago}} • Announcement

$VSTO reaffirmed its 2017 sales outlook of $2.72-2.78Bil and adjusted EPS guidance of $2.65-2.85. The company still sees 2017 interest expense of about $45MM, tax rate of about 37% and capital expenditures of about $90MM. Free cash flow is still predicted to be $130-160MM. The forecast includes previously announced Camp Chef acquisition.

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