The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) Delaware 47-1016855 (State or other jurisdiction of incorporat ...

Vista Outdoor (VSTO) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.96%. A quarter ago, it was expected that this maker of firearms, ammunition and accessories would post earnings of $0.97 per share when it actually produced earnings of $1.01, delivering a surprise of 4.12%.Over t ...

Financial Performance - Vista Outdoor reported Q2 FY2025 sales of $666 million, with operating income of $66 million and an operating margin of 9.9%[1] - Revelyst's Q2 FY2025 sales reached $315 million, with operating income increasing 67.1% to $21 million and an operating margin of 6.6%[10] - The Kinetic Group's Q2 FY2025 sales were $351 million, with operating income of $87 million and a margin of 24.8%[14] - Adjusted EBITDA for Vista Outdoor decreased 4.4% to $111 million, with a margin of 16.7%[7] - Diluted EPS was $0.71, down 6.6% year-over-year, while adjusted EPS increased 7.3% to $1.03[8] - Gross profit for the three months ended September 24, 2023, was $208,870, with an operating income of $75,785, resulting in an operating income margin of 11.2%[23] - Adjusted net income for the same period was $56,093, with an adjusted earnings per share (EPS) of $0.96, compared to an EPS of $0.76 as reported[23] - Free cash flow for the three months ended September 30, 2024, was $19,039, down from $70,520 in the previous year[29] - Adjusted EBITDA for the three months ended September 30, 2024, was $111,377, with an adjusted EBITDA margin of 16.7%[35] - Net sales for the three months ended September 30, 2024, were $665,915,000, a decrease of 1.3% from $676,808,000 in the same period last year[52] - Gross profit for the three months ended September 30, 2024, was $211,429,000, compared to $208,870,000 for the same period last year, indicating a slight increase of 0.7%[52] - Operating income for the three months ended September 30, 2024, was $65,725,000, down from $75,785,000 in the prior year, representing a decline of approximately 13.4%[52] - Net income for the three months ended September 30, 2024, was $41,798,000, compared to $44,422,000 in the same period last year, reflecting a decrease of approximately 5.9%[52] - Basic earnings per share for the three months ended September 30, 2024, were $0.72, down from $0.77 in the prior year, a decline of about 6.5%[52] - For the twelve months ended September 30, 2024, Vista Outdoor reported a net loss of $9,109,000 compared to a net loss of $5,505,000 for the previous twelve months[40] - Adjusted EBITDA for the twelve months ended September 30, 2024, was $424,987,000, down from $444,862,000 for the previous period, reflecting a decrease of approximately 4.3%[40] Debt and Cash Flow - Total debt decreased by $45 million sequentially to $590 million, with a net debt leverage ratio of 1.3 times[1] - The company reported a net debt of $553,075 as of September 30, 2024, down from $659,729 as of March 31, 2024[38] - Long-term debt decreased significantly to $587,519 thousand from $717,238 thousand, a reduction of approximately 18.1%[54] - Total liabilities decreased to $1,121,918 thousand as of September 30, 2024, down from $1,276,083 thousand, representing a decline of 12.1%[54] - Cash provided by operating activities was $80,543 thousand, down 25.1% from $107,540 thousand in the prior year[55] - Cash and cash equivalents at the end of the period were $36,925 thousand, down from $60,271 thousand, a decrease of 38.9%[55] - Cash used for financing activities was $134,014 thousand, a slight improvement compared to $139,806 thousand in the previous year[55] Cost Management and Restructuring - The GEAR Up transformation program delivered $11.6 million in realized cost savings in the first half of FY2025, with expected total savings of $25 to $30 million for the full fiscal year[3] - The company incurred restructuring costs related to a $50 million cost reduction program announced in the fourth fiscal quarter of 2023[25] - Planned separation costs associated with the Revelyst and The Kinetic Group businesses amounted to $14,358 for the three months ended September 30, 2024[35] Inventory and Assets - Revelyst inventory decreased by $87 million year-over-year, contributing to a year-to-date cash flow from operating activities of $81 million[17] - Total current assets increased to $1,082,659 thousand as of September 30, 2024, compared to $1,075,122 thousand as of March 31, 2024, reflecting a growth of 0.35%[54] - Net inventories increased slightly to $612,847 thousand from $609,999 thousand, reflecting a growth of 0.3%[54] Strategic Transactions and Future Outlook - The company plans to withdraw its full-year FY2025 guidance due to the pending sales of The Kinetic Group and Revelyst[18] - Institutional Shareholder Services recommended stockholders vote "FOR" the sale of The Kinetic Group to CSG, with an expected total cash consideration of approximately $45.00 per share[2] - The company is currently involved in significant transactions, including the CSG Transaction and the SVP Transaction, which may impact future operations and financial performance[43] - Vista Outdoor is focused on expanding its market presence and enhancing its product offerings through strategic acquisitions and partnerships[41] Other Financial Metrics - The tax expense for the three months ended September 24, 2023, was $13,546, resulting in a tax rate of 23.4%[26] - The company experienced a loss on the divestiture of its Fiber Energy business during the reporting period[24] - The company reported a gain on the sale of business amounting to $18,787 thousand during the six months ended September 30, 2024[55] - Total stockholders' equity increased to $1,231,715 thousand from $1,126,297 thousand, an increase of 9.3%[54]

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Vista Outdoor Inc. (NYSE: VSTO), relating to its proposed merger with Czechoslovak Group a.s. (“CSG”). Under the terms of the agreement, Vista shareholders will also sell Revelyst in an a ...

Vista Outdoor (VSTO) shares soared 10.5% in the last trading session to close at $44.01. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.1% gain over the past four weeks. Vista Outdoor shares appreciated after the news that its operating segment, Revelyst, entered an agreement with Strategic Value Partners, LLC ("SVP") under which SVP-managed funds will acquire Revelyst in an all-cash transaction valued at $1.125 billion. This ...

Vista Outdoor Inc.'s (VSTO) operating segment, Revelyst, entered an agreement with Strategic Value Partners, LLC ("SVP") under which SVP-managed funds will acquire Revelyst in an all-cash transaction valued at $1.125 billion. The deal is expected to enhance growth opportunities for Revelyst through increased investment and expanded resources. The transaction is anticipated to close by January 2025, contingent on the completion of Vista Outdoor's $2.225-billion transaction with Czechoslovak Group, which requ ...

Core Insights - Vista Outdoor's shares increased by 10.14% following the announcement of two major business deals, including the sale of its Revelyst business for $1.125 billion and an amended acquisition agreement for The Kinetic Group at $2.225 billion [1] Financial Performance - Vista Outdoor currently trades at $43.88 with a market capitalization of $2.56 billion, showing a 12-week price change of 18.42% and a year-to-date increase of 48.29% [2] - The company has a Price-to-Book (P/B) ratio of 2.16 and a Price-to-Sales (P/S) ratio of 0.94, both near their two-year highs, indicating potential overvaluation as the GF Value estimate is $28.23 [2] - The Altman Z-score of 2.62 suggests potential financial stress, while the Return on Invested Capital (ROIC) is lower than the Weighted Average Cost of Capital (WACC), indicating less capital efficiency [3] Operational Strengths - Vista Outdoor benefits from a strong and expanding operating margin, which is a positive sign for its financial health [4] - The Beneish M-Score indicates that the company is unlikely to engage in financial manipulation, enhancing investor confidence [4] Strategic Outlook - The company is recalibrating its business strategy through significant transactions, necessitating close monitoring of its financial health and market performance in light of its ambitious valuation [5]

Vista Outdoor has announced a deal to sell its two divisions for $3.4 billion. It is set to sell Revelyst, its sporting goods business, for around $1.13 billion. That deal is subject to the completion of the sale of its ammunition business, Kinetic Group, for about $2.23 billion. Insider Today Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your fav ...

Remains Committed to Supporting the Best Outcome for All Vista Shareholders Encourages Vista to Negotiate an All-Cash Transaction for the Entire Company Given Fully-Taxable Nature of CSG Proposal as well as the Execution Risk in Achieving Revelyst Projections and the Reduced Scale of the Remaining Revelyst NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares of common st ...