Vista Outdoor Inc. designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Shooting Sports and Outdoor Products. The Shooting Sports segment offers ammunition products, including centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components; and hunting and shooting accessories comprising high-performance hunting arrows, game calls, hunting blinds, game cameras, decoys, reloading equipment, clay targets, premium gun care products, holsters, duty gear, bags, packs, binoculars, riflescopes, and telescopes. The Outdoor Products segment offers sports protection products, such as helmets, goggles, and accessories for cycling, snow sports, action sports, and powersports; outdoor cooking products that include grills, stoves, and cookware; golf products, which comprise laser rangefinders and other golf technology products; and hydration products, including hydration packs and water bottles. The company sells its products to outdoor enthusiasts, hunters and recreational shooters, athletes, law enforcement, and military professionals through various mass, specialty, and independent retailers and distributors, as well as directly to consumers through brand's website. Vista Outdoor Inc. was incorporated in 2014 and is headquartered in Anoka, Minnesota.
IPO Year: 2015
Exchange: NYSE
Website: vistaoutdoor.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/7/2024 | Buy → Neutral | Monness Crespi & Hardt | |
9/19/2024 | $42.00 | Buy → Neutral | ROTH MKM |
8/7/2024 | $43.00 | Buy → Neutral | B. Riley Securities |
5/10/2024 | $33.00 → $37.00 | Buy → Hold | Lake Street |
5/10/2024 | $37.00 → $41.00 | Buy | Monness Crespi & Hardt |
4/4/2024 | $38.00 | Neutral → Buy | ROTH MKM |
2/2/2024 | $34.00 → $37.00 | Buy | Monness Crespi & Hardt |
12/15/2023 | $32.00 | Buy | B. Riley Securities |
9/20/2022 | $26.00 | Hold | Jefferies |
7/26/2022 | $53.00 → $32.00 | Buy → Neutral | ROTH Capital |
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
3/A - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
Monness Crespi & Hardt downgraded Vista Outdoor from Buy to Neutral
ROTH MKM downgraded Vista Outdoor from Buy to Neutral and set a new price target of $42.00
B. Riley Securities downgraded Vista Outdoor from Buy to Neutral and set a new price target of $43.00
Lake Street downgraded Vista Outdoor from Buy to Hold and set a new price target of $37.00 from $33.00 previously
Monness Crespi & Hardt reiterated coverage of Vista Outdoor with a rating of Buy and set a new price target of $41.00 from $37.00 previously
ROTH MKM upgraded Vista Outdoor from Neutral to Buy and set a new price target of $38.00
Monness Crespi & Hardt reiterated coverage of Vista Outdoor with a rating of Buy and set a new price target of $37.00 from $34.00 previously
B. Riley Securities resumed coverage of Vista Outdoor with a rating of Buy and set a new price target of $32.00
Jefferies initiated coverage of Vista Outdoor with a rating of Hold and set a new price target of $26.00
ROTH Capital downgraded Vista Outdoor from Buy to Neutral and set a new price target of $32.00 from $53.00 previously
4 - Vista Outdoor Inc. (0001616318) (Issuer)
Board of Directors Urges Stockholders to Vote "FOR" the CSG Transaction at Special Meeting of Stockholders on November 25, 2024 Vista Outdoor Inc. ("Vista Outdoor" or the "Company") (NYSE:VSTO) announced that both leading independent proxy advisory firms Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have updated their reports to recommend Vista Outdoor stockholders vote "FOR" the transaction with Czechoslovak Group a.s. ("CSG") to acquire The Kinetic Group for $2.225 billion (the "CSG Transaction"). The CSG Transaction will deliver to Vista Outdoor stockholders $25.75 in cash and one share of Revelyst common stock for each share of Vista Outdoor common
Golf Meets Patriotism: Foresight Sports and Volition America's New Custom QuadMAX Launch Monitor to Raise Funds Supporting Military Families Foresight Sports, a Revelyst brand and the leader in premium optical launch monitor and golf simulation technology, is proud to announce its partnership with Volition America, a movement dedicated to celebrating American patriotism through innovative apparel and accessories. Together, Foresight Sports and Volition America have created a custom edition of the QuadMAX launch monitor, paying tribute to U.S. military veterans and embodying the spirit of giving back. This collaboration is a testament to both companies' shared values of excellence, patrioti
Vista Outdoor Board of Directors Committed to Maximizing Value to Stockholders Through Sales of The Kinetic Group and Revelyst For an Expected Total Cash Consideration to Stockholders of Approximately $45.001 per Share; Leading Independent Proxy Advisory Firm Institutional Shareholder Services ("ISS") Recommends Vista Outdoor Stockholders Vote "FOR" the Sale of The Kinetic Group to CSG Vista Outdoor FY2025 Q2 Financial Results In-Line With Expectations: Sales of $666 Million; Operating Income of $66 Million with 9.9 Percent Margin; Adj. EBITDA of $111 Million Translating to 16.7 Percent Margin Revelyst FY2025 Q2 Financial Results Exceeded Expectations: Sales of $315 Million; Operatin
Board Unanimously Recommends Stockholders Vote "FOR" the CSG Transaction Closing of CSG Transaction Subject to Receipt of Stockholder Approval SVP Transaction Contingent Upon the Close of CSG Transaction Vista Outdoor Inc. ("Vista Outdoor," the "Company") (NYSE:VSTO) today announced that it will hold the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. ("CSG") (the "CSG Transaction") at 9 a.m. (Central Time) on November 25, 2024. Vista Outdoor and CSG have received all regulatory approvals required under the merger agreement for the CSG Transaction and are prepared to close the CSG Transaction, subject to receipt of stockholder approval and
Vista Outdoor Inc. ("Vista Outdoor") (NYSE:VSTO) today announced plans to report its second-quarter Fiscal 2025 financial results on Wednesday, Nov. 6, after the market closes. In light of the company's pending merger agreement with Czechoslovak Group a.s. to acquire The Kinetic Group, as well as its pending merger agreement with Strategic Value Partners to acquire Revelyst, as announced on Oct. 4, the company will not hold a conference call to discuss its second-quarter results. About Vista Outdoor Inc. Vista Outdoor (NYSE:VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, Camel
SVP's Acquisition of Vista Outdoor's Revelyst Segment for $1.125 Billion Expected to Bring New Opportunities through Significant Investment and Expanded Resources Contingent Upon Close of Vista Outdoor's Transaction with CSG, Which is Pending Stockholder Approval Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE:VSTO), and Strategic Value Partners, LLC, (together with its affiliates, "SVP" or the "firm"), a global alternative investment firm with approximately $19 billion of assets under management, today announced that they have entered into an agreement under which SVP-mana
CSG Increases Purchase Price for The Kinetic Group to $2.225 Billion SVP Transaction Contingent Upon Close of CSG Transaction Vista Outdoor Inc. ("Vista Outdoor" or "the Company") (NYSE:VSTO) today announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates ("SVP"), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the "SVP Transaction"). In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. ("CSG") to acqu
Foresight Sports, a Revelyst brand and a designer and manufacturer of game enhancement technologies including launch monitors, simulators, performance/entertainment software and smart mobility solutions, and Uneekor, Inc. (dba Uneekor), a manufacturer of golf simulator technologies, have reached an agreement that grants Uneekor a license to a number of Foresight Sports patents related to portable golf launch monitor technology. Foresight Sports, a power brand in the Revelyst Precision Sports Technology platform, has long been a significant contributor to the portable golf launch monitor industry. The company's commitment to innovation and excellence has set high standards for quality and p
October 9th Special Meeting is Last Possible Date for Vista Outdoor Stockholders to Vote to Approve CSG Merger Agreement Ahead of October 15th Termination Date; CSG Will Not Agree to Any Further Adjournment of Special Meeting CSG Continues to Engage with Private Equity Firm to Reach Mutually Acceptable Agreement Regarding Potential Sale of Revelyst; Cautions that Notable Challenges Remain Czechoslovak Group ("CSG" or the "Company"), a leading global industrial holding company, today reaffirmed its commitment to successfully completing the transaction with Vista Outdoor Inc. (NYSE:VSTO) ("Vista Outdoor") to acquire The Kinetic Group for $2.15 billion and invest $150 million in Revelyst (th
Continues Active Discussions with CSG and Private Equity Firm Regarding Potential Sale of Revelyst Vista Outdoor Inc. ("Vista Outdoor", the "Company") (NYSE:VSTO) today announced that it will adjourn the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. ("CSG") (the "CSG Transaction") to 9:00 am (Central Time) on October 9, 2024. The Company remains in active discussions with CSG and the private equity firm partnered with MNC Capital (the "Private Equity Firm"), separate and apart from MNC, to potentially reach an agreement with respect to the sale of Revelyst. Vista Outdoor notes that October 9th is the last possible date for the Company to h
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MNC Capital Partners, L.P. ("MNC") announced today that it is committed to its fully financed $42 per share all cash offer for Vista Outdoor Inc (NYSE:VSTO), and that it will not reduce the $42 per share price. MNC also said that it is willing to make a tender offer directly to Vista's shareholders at $42 a share, if Vista approves of MNC making the offer and allows shareholders to decide whether to accept it. MNC's Mark Gottfredson said, "We want Vista shareholders to know that we are committed to our offer and will not reduce the $42 price. To demonstrate that commitment we are willing to make a tender offer, and hope that Vista would agree to our making the offer so shareholders can dec
Reaffirms Outlook for Fiscal Year 2025 The Company reaffirms its guidance for Fiscal Year 2025 for Vista Outdoor, as well as The Kinetic Group and Revelyst. The Company expects the following results for Fiscal Year 2025, among other guidance previously disclosed: Sales in the range of $2.665 billion to $2.775 billion The Kinetic Group Sales expected to be approximately $1.425 billion to $1.475 billion Revelyst Sales expected to be approximately $1.240 billion to $1.300 billion Adjusted EBITDA in the range of $410 million to $490 million1 The Kinetic Group adjusted EBITDA expected to be approximately $350 million to $400 million Revelyst adjusted EBITDA expected to be app
The amended merger agreement with CSG further increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business (the "CSG Transaction") by $50 million to $2.15 billion. In addition, Vista Outdoor has determined that an additional ~$125 million of cash should be returned to Vista Outdoor's stockholders as cash consideration. This follows a careful review of Revelyst's capital allocation strategy, contemplated divestitures and the availability of the ABL facility, and the determination that capitalizing Revelyst with cash and cash equivalents of ~$125 million is sufficient to execute the Revelyst business plan. In total, the increase in the base purchase pric
Sends Letter to Vista Board of Directors Outlining Why Tax-Free Spin-Off or Cash Offer for the Entire Company Are Superior to the Proposed Sale of The Kinetic Group NEW YORK, July 17, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE:VSTO), today sent a letter to the Vista Board of Directors (the "Board") regarding its intention to vote AGAINST the pending sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG").
Lake Street analyst Mark Smith maintains Vista Outdoor (NYSE:VSTO) with a Hold and raises the price target from $37 to $40.
MNC's letter included the following: "It is unfortunate that Vista has not engaged with us for almost two months, has failed to make disclosures that shareholders need to make an informed decision, and has made untrue statements about our offer. In light of this, we feel compelled to write to you.
The Company believes the ISS report does not provide a full and fair recommendation to Vista Outdoor stockholders.
MNC questions whether the Vista Board is acting in good faith, and why Vista requested financing commitments and a merger agreement if it had not been prepared to accept MNC's $42 per share proposal.
Revelyst is thrilled to appoint longtime supply chain and business operations leader Joe Beck to the position of Chief Supply Chain Officer. Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE:VSTO), today announced the appointment of Joe Beck as Chief Supply Chain Officer, effective April 22. In the third quarter, Revelyst launched GEAR Up, the company's plan to simplify its business model, deliver increased efficiency and profitability, and reinvest in its highest potential brands to accelerate growth and transformation. The appointment of a seasoned, transformational supply
Revelyst appoints distinguished human resources professional Joyce Butler to the position of CHRO as it prepares to become a standalone public company. Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies, today announced the appointment of Joyce Butler as Chief Human Relations Officer. Revelyst, the Outdoor Products division of Vista Outdoor Inc. (NYSE:VSTO), is in the process of separating into a standalone public company, with an expected execution date of later this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240122821825/en/VSTO) and a collecti
The company has announced that Jung Choi will serve as General Counsel and Corporate Secretary of Revelyst following the planned separation of its Outdoor Products segment Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following Vista Outdoor's planned separation of its Outdoor Products segment into a standalone public company. Her appointment is effective Oct. 23. Until the completion of the separation, Choi will serve as Co-General Counsel of Vista Outdoor, wi
Andy Keegan, Vice President and interim CFO for Vista Outdoor, has been appointed CFO for the Sporting Products Company following the spinoff. Jeff Ehrich, interim General Counsel and Corporate Secretary for Vista Outdoor, has been appointed General Counsel and Corporate Secretary for the Sporting Products Company following the spinoff. Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced its Board of Directors has made two appointments for the company's Sporting Products Company following the spinoff of Vista's Outdoor Products business. Thi
Nyman, previously chief operating officer and president of Hasbro Inc., takes over the Outdoor Products segment on Aug. 21 and will lead the new Outdoor Products Company following a planned separation later this year. Nyman and Sporting Products CEO Jason Vanderbrink will be elevated to the Vista Outdoor Board of Directors. Gary McArthur, interim CEO of Vista Outdoor, will remain focused on the planned separation and retain that title until the split, will then become chairman of the board of the new Outdoor Products Company. Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers
Judd most recently served as president and general manager of Salomon North America, where he was responsible for all aspects of the brand's business. Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced it has appointed Jordan Judd as president of its Bozeman, Montana-based brand Simms Fishing Products, effective Aug. 1. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230710155001/en/Vista Outdoor Inc. has appointed Jordan Judd as president of its Bozeman, Montana-based brand Simms Fishing Produc
ANOKA, Minn., March 8, 2023 /PRNewswire/ -- Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, announced that Tig H. Krekel has retired as vice chairman and member of the company's board of directors, effective Feb. 27, 2023. Due to his long service to the company and its predecessor company, ATK, the board awarded Mr. Krekel with director emeritus status for one year. During this period, he will provide consultancy advice to the board at the board'
Tarlecki most recently served as chief integration officer at Simms, where he led the brand's integration into Vista Outdoor and helped the team deliver 25 percent year-over-year growth in the third quarter. ANOKA, Minn., March 2, 2023 /PRNewswire/ -- Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced that it has named Derek Tarlecki as president of its Bozeman, Mont.-based brand Simms Fishing Products, effective immediately. Tarlecki
Company Remains on Track to Complete the Separation of its Outdoor Products and Sporting Products Segments in Calendar Year 2023 Separately, Today Announced Solid Third Quarter Earnings Results ANOKA, Minn., Feb. 2, 2023 /PRNewswire/ -- Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced that Gary McArthur, a member of the Company's Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. Mr. McArthur succeeds Chris Metz, who agreed to resign as CEO and director at the request of the Vista Outdoor Board based on
Vista Outdoor Board of Directors Committed to Maximizing Value to Stockholders Through Sales of The Kinetic Group and Revelyst For an Expected Total Cash Consideration to Stockholders of Approximately $45.001 per Share; Leading Independent Proxy Advisory Firm Institutional Shareholder Services ("ISS") Recommends Vista Outdoor Stockholders Vote "FOR" the Sale of The Kinetic Group to CSG Vista Outdoor FY2025 Q2 Financial Results In-Line With Expectations: Sales of $666 Million; Operating Income of $66 Million with 9.9 Percent Margin; Adj. EBITDA of $111 Million Translating to 16.7 Percent Margin Revelyst FY2025 Q2 Financial Results Exceeded Expectations: Sales of $315 Million; Operatin
Vista Outdoor Inc. ("Vista Outdoor") (NYSE:VSTO) today announced plans to report its second-quarter Fiscal 2025 financial results on Wednesday, Nov. 6, after the market closes. In light of the company's pending merger agreement with Czechoslovak Group a.s. to acquire The Kinetic Group, as well as its pending merger agreement with Strategic Value Partners to acquire Revelyst, as announced on Oct. 4, the company will not hold a conference call to discuss its second-quarter results. About Vista Outdoor Inc. Vista Outdoor (NYSE:VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, Camel
Vista Outdoor Board of Directors Committed to Maximizing Value to Stockholders; Ongoing Review of Strategic Alternatives Continuing to Progress; Special Meeting of Stockholders Scheduled to Be Held September 13, 2024 Vista Outdoor Reaffirms Fiscal Year 2025 Outlook: Expects FY2025 Sales of $2.665 Billion to $2.775 Billion, Expects Adjusted EBITDA in the Range of $410 Million to $490 Million Vista Outdoor Strong Q1 FY2025 Cash Provided by Operating Activities of $54 Million and Adjusted Free Cash Flow of $70 Million; Total Debt Decreased $85 Million Sequentially to $635 Million; Net Debt of $579 Million and a Net Debt Leverage Ratio of 1.3x Revelyst Strategically Positioned to Unlo
Vista Outdoor Reaffirms Fiscal Year 2025 Outlook; Reports Preliminary Q1 FY2025 Results Revelyst Expected to Pursue 12-Month $50 Million Share Repurchase Program; Strategically Positioned to Unlock Meaningful Growth and Margin Expansion Special Meeting of Stockholders to be Adjourned to July 30, 2024 Company to Host Earnings Conference Call on Tuesday, August 6, 2024, at 9 a.m. ET to Review Full Quarterly Results, Outlook and Strategy Vista Outdoor Inc. (NYSE:VSTO) ("Vista Outdoor", "we" or the "Company") today announced that on July 21, 2024, the Company entered into an amendment to the merger agreement with Czechoslovak Group a.s. ("CSG"). In addition, the Company reaffirmed its F
Sends Letter to Vista Board of Directors Outlining Why Tax-Free Spin-Off or Cash Offer for the Entire Company Are Superior to the Proposed Sale of The Kinetic Group NEW YORK, July 17, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE:VSTO), today sent a letter to the Vista Board of Directors (the "Board") regarding its intention to vote AGAINST the pending sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG").
Cash Consideration Delivered at Closing in CSG Transaction Increased 24% or $3.10 per share from $12.90 to $16.00 per share of Vista Outdoor Common Stock Vista Outdoor Inc. ("Vista Outdoor" or the "Company") (NYSE:VSTO) today announced that, on May 27, 2024, it entered into an amendment to the merger agreement with Czechoslovak Group a.s. ("CSG"). The amended agreement, among other things, increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business (the "Transaction") by $50 million from $1.91 billion to $1.96 billion and increases the cash consideration payable to Vista Outdoor stockholders by $3.10 per share of Vista Outdoor Common Stock from $12
Revelyst Q4 Sales Up 1.4% Over Prior Year to $332 Million, Returning to Organic Growth For First Time In Nine Quarters; The Kinetic Group Q4 Sales of $362 Million for Total Q4 Sales of $694 Million Revelyst Q4 Operating Income Margin Increased 622 Basis Points Year Over Year and Sequentially, Increased 454 Basis Points, While Doubling Adjusted EBITDA Dollars; The Kinetic Group Q4 Operating Income Margin Decreased 422 Basis Points Year Over Year; The Kinetic Group Q4 Adjusted EBITDA of $100 Million Strong Q4 Cash Provided by Operating Activities of $161 Million And Adjusted Free Cash Flow of $161 Million, Driven Largely by Sequential Inventory Reduction of $45 Million, a 6.8% Decrea
Vista Outdoor Inc. ("Vista Outdoor") (NYSE:VSTO) today announced plans to report its fourth-quarter and full-year fiscal 2024 financial results on Wednesday, May 8, 2024, after the market closes. Vista Outdoor's management will host a conference call on Thursday, May 9, 2024, at 9 a.m. ET to review results. In addition to the results, the company expects to discuss its outlook and financial guidance and may discuss matters of strategy during the call. Access the call on Vista Outdoor's website: https://investors.vistaoutdoor.com/Investors/events-and-presentations/default.aspx Telephone replay: For those who cannot participate in the live webcast, a telephone recording of the conference
Highlights that CSG is a Significant Supplier to NATO, Has Several Companies with Top NATO Security Clearance, and Works with Leading U.S. Defense Companies Invites Senator Vance to Visit Any of CSG's Companies and Become Acquainted with the Facts Firsthand The Czechoslovak Group ("CSG") owner and CEO Michal Strnad today sent an open letter to U.S. Senator J.D. Vance (R-OH) addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG's proposed acquisition of Vista Outdoor Inc.'s (NYSE:VSTO) ("Vista Outdoor") Sporting Products business – recently renamed The Kinetic Group. The full text of the letter can be found below: April 16, 2024 Sena
Sale of The Kinetic Group1 For $1.91 Billion is On Track and Expected to Create Meaningful Value Revelyst1 GEAR Up Transformation Program is Well Underway; Expect to Drive $100 Million of Run-Rate Cost Savings in FY27, Program Provides a Clear Path to Double Standalone Adjusted EBITDA In FY252 Q3 Total Sales of $682 Million In Line With Expectations; Revelyst Sales of $317 Million; The Kinetic Group Sales of $365 Million Q3 Net Income and Adjusted EBITDA of $(148) Million and $94 Million, Respectively; Net Income and Adjusted EBITDA Margins of (21.7)% and 13.7%, Respectively; Q3 Net Income Included a Non-Cash Impairment of Goodwill and Intangible Assets of $219 Million Bala