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.
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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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End-of-Day
-0.49%
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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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8.69%
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Revelyst, the Outdoor Products division of Vista Outdoor Inc. (NYSE: VSTO), appoints Joyce Butler as CHRO as it prepares to become a standalone public company. Butler brings over 25 years of experience in human resources, having worked in industries such as health care, technology, and entertainment. Her appointment reflects Revelyst's focus on building a people-first culture and emphasizes the power of teams and team building. With a Master of Science in Training and Development, a Bachelor of Science in Hospitality Sales and Meeting Management, and a Graduate Certificate in Executive Coaching, Butler's diverse background positions her to help Revelyst become the world’s No. 1 house of brands and an employer of choice in the industry.
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0.68%
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Rhea-AI Summary
Revelyst, a division of Vista Outdoor Inc. (NYSE: VSTO), appoints Joyce Butler as CHRO as it prepares to become a standalone public company. Butler brings over 25 years of experience in human resources and talent management from various industries, including health care, technology, and entertainment. She will play a key role in building a people-first culture at Revelyst, emphasizing the power of teams and team building.
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0.68%
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Vista Outdoor Inc. (VSTO) plans to report its Q3 fiscal year 2024 financial results on Jan. 31, 2024, with a conference call on Feb. 1, 2024, to discuss the results, outlook, and financial guidance.
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-0.43%
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Solo Brands, Inc. (NYSE:DTC) provided updates on its 2023 full-year sales and EBITDA guidance, as well as the appointment of Christopher T. Metz as its new President, Chief Executive Officer, and Director of the Board. The company announced a decrease in revenue expectations to $490-500 million from the previous $520-540 million, and a decrease in adjusted EBITDA margin to 14-15% from the previous 17-18%. The appointment of Chris Metz as the new CEO was hailed as a strategic move to drive growth and transform the company, while also expressing gratitude to the outgoing CEO, John Merris.
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-38.98%
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Vista Outdoor Inc. (NYSE: VSTO) and Sport Dimension Inc. have renewed the brand license for Jimmy Styks, a stand-up paddleboard (SUP) market leader, under the company's Revelyst segment. Vista Outdoor, the parent company of 41 renowned brands, acquired Jimmy Styks in 2015 and began a brand license partnership with Sport Dimension Inc. in 2020. The multi-year partnership aims to provide innovative and user-friendly designs for water sport enthusiasts, offering nearly 30 SKUs in epoxy and inflatable boards, as well as accessories.
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End-of-Day
4.25%
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Vista Outdoor Inc. (NYSE: VSTO) and Czechoslovak Group a.s. (CSG) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with CSG’s proposed acquisition of Vista Outdoor’s Sporting Products business. The transaction, expected to close in 2024, is subject to remaining regulatory approvals and stockholder approval.
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-2.64%
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Vista Outdoor Inc. (NYSE: VSTO) rejects an unsolicited proposal from Colt CZ Group SE to combine the two companies. The Vista Outdoor Board has determined that the proposal undervalues the company and does not provide adequate detail, and remains committed to the acquisition of the Sporting Products business by Czechoslovak Group a.s. The acquisition is expected to close in 2024, subject to necessary approvals.
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1.15%
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Vista Outdoor Inc. (VSTO) has received an unsolicited proposal from Colt CZ Group SE to merge in a cash and stock transaction valuing each share of Vista Outdoor at $30. This comes after Vista Outdoor entered into an agreement to sell its Sporting Products business to Czechoslovak Group a.s. for $1.91 billion. The Board of Directors is reviewing the Colt CZ Proposal while remaining committed to the best interests of Vista Outdoor stockholders.
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Vista Outdoor Inc.
NYSE:VSTO
VSTO Rankings
VSTO Stock Data
2.03B
48.19M
7.92%
87.11%
2.12%
Sporting and Athletic Goods Manufacturing
Manufacturing
United States of America
ANOKA
About VSTO
vista outdoor inc. is a leading global designer, manufacturer and marketer of consumer products in the growing outdoor sports and recreation markets. vista employs over 6,000 employees worldwide and has diverse portfolio well-recognized brands that provide a range of performance-driven, high-quality and innovative products, including sporting ammunition and firearms, outdoor accessories, outdoor sports optics, golf rangefinders and performance eyewear. vision: our vision is to be a leading provider of quality products for the outdoor enthusiast, while delivering superior long-term returns to our shareholders, value for our customers and consumers, and rewarding careers for our employees. mission: our mission is to bring the world outside, leverage our capabilities and experience and instill passion into products that help the outdoor enthusiast achieve independence and success in the activity of their choice.