NEW YORK, July 19, 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 reiterated its opposition to the pending sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG") in a letter sent to the Vista Board of Directors. The full text of the letter follows: July 19, 2024 Vista Outdoor Inc. Attn: ...

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 July 17, 2024 Dear Members of the Board, We strongly oppose the sale at the proposed price of $2.1 billion and believe that Vista shareholders deserve a higher price that accurately reflects The Kinetic Group's financial strength and future potential. The Kinetic Group consistently generates substantial free cash flow, which averaged more than $ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 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. (State or other jurisdiction of incorporation or organization) Delaware 47-1016855 (I.R.S. Employer Identification No.) 1 Vista W ...

Jason Vanderbrink Yes. On the POS, it's still down year-over-year to be fair. But what I'd say is we are still gaining market share in those categories is a key as we are looking at, and evaluating the business, though POS has been down. The inventory is clearing. It's not that -- we're not saying it's not clearing. It is going through that. It's just going to take probably through this spring season to really be able to push the rest of that through. Once that's cleared, given the market share that we're g ...

Vista Outdoor (VSTO) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.03%. A quarter ago, it was expected that this maker of firearms, ammunition and accessories would post earnings of $0.84 per share when it actually produced earnings of $0.80, delivering a surprise of -4.76%.Over t ...

One of the largest ammunition manufacturers in the U.S. is about to sell its shooting sports business, but the deal isn’t going smoothly. Amid national security concerns and competing bids for the business, Vista Outdoor‘s (NYSE:VSTO) plan to split in two is suddenly very complicated and roiling the market for ammo stocks.Although the industry has occasionally suffered from shortages, some of them for an extended period, ammo has largely returned to normalcy after the pandemic. With a presidential election ...

ANOKA, Minn.--(BUSINESS WIRE)--The Vista Outdoor Foundation (the “Foundation”), the philanthropic partner of Vista Outdoor Inc. (NYSE: VSTO), today announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment. The four nonprofits receiving proceeds are: Little Bellas: Mentoring on Mountain Bikes: Little Bellas creates opportunities for girls to experience success using mountain biking as the platform and pathway to personal growth. Outdoors Tomorrow Foun ...

ANOKA, Minn.--(BUSINESS WIRE)--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 it will host an Investor Day. Revelyst is in the process of separating into a standalone public company, with an expected execution in the second quarter of calendar year 2024. The event will be held on Wednesday, May 29, 2024, at the company’s Adventure Sports headquarters in Irvine, Califo ...

ANOKA, Minn.--(BUSINESS WIRE)--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 it will participate in two investor conferences in March. UBS Global Consumer and Retail Conference — March 14 36th Annual ROTH Conference — March 18 The ROTH conference will feature Revelyst CEO Eric Nyman and CFO Andy Keegan in a fireside chat via webcast from 10:30 a.m. to 1 ...

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”). The Vista Outdoor Board also issued a letter to MNC which is r ...