About Vista Outdoor Inc. Vista Outdoor is a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. Amy Legere, Greenough Communications (617) 275-6500 alegere@greenough.biz . Reconciliation of Non-GAAP Financial Measures. The difficult work we've done over the past three years to improve profitability and efficiency and expand our e-commerce capabilities turned our increased revenue into higher margins and a dramatically improved level of free cash flow. Vista Outdoor Announces Private Offering of Senior Notes. Given the nature of transaction costs, and differences in these amounts from one transaction to another, the company feels these costs are not indicative of ongoing operations of the company. "We're excited to have Michael join Vista Outdoor as Vice President of IR," said Stephen Nolan, Vista Outdoor Senior Vice President and Chief Financial Officer. Earnings Conference Call Webcast Information. "My sincere thanks and appreciation go out to our entire team of outstanding employees for their hard work and resilience. ET Vista Outdoors reports ammunition backlog of over $1B 'We currently have over a year's worth of orders for ammunition in excess of $1B,' CEO Chris Metz said Where to Invest $10,000; 50 Companies to Watch in 2018; Where to Invest $1 Million; Follow. Quarterly Results. For further information on factors that could impact Vista Outdoor, and statements contained herein, please refer to Vista Outdoor's filings with the Securities and Exchange Commission. The tax effect of the transaction costs was calculated based on a blended statutory rate of approximately 24 percent. February 16, 2021. Vista Outdoor is a leading global designer, manufacturer and marketer of consumer Please use the information in the contact section below to request more information about Virtusa. Phone: +52 55 1167 8250 . Pici was serving as the Director of Investor Relations for ATK since September of 2013 and successfully led the company through the spin-off into Vista Outdoor. Insider Filings ; Events & Presentations. ©2020 VISTA OUTDOOR OPERATIONS LLC. During the quarter ended September 29, 2019, we incurred restructuring and asset impairment costs related to impairment on leased properties, impairment of internally developed software and operational realignments costs which were incurred to generate longer-term benefits. Given this balance is related to the purchase price of the company and is not normal compensation of the employees and will not be a continuing cost, we do not believe these costs are indicative of operations of the company. You are cautioned not to place undue reliance on any forward-looking statements we make. Corporate Profile; Corporate Governance. "We delivered outstanding results in the second quarter," said Vista Outdoor Chief Executive Officer, Chris Metz. Interest expense decreased 54 percent to $6 million, compared with the prior-year quarter. Sales increased 29 percent to $575 million, compared with the prior-year quarter. Can I get on a distribution list to receive information about the company? For the second quarter ended September 27, 2020: For the second quarter ended September 27, 2020 Operating Segment Results: Please see the tables in the press release for a reconciliation of non-GAAP adjusted gross profit, EBIT, tax rate, earnings per share, and free cash flow to the comparable GAAP measures. ALL RIGHTS RESERVED. … The company has a portfolio of well-recognized brands that provides consumers with a wide range of performance-driven, high-quality and innovative products for individual outdoor recreational pursuits. ALL RIGHTS RESERVED. Her focus is on bringing together awareness, product value and differentiation for both investors and customers. Overview, Mission & EPS amounts may not foot due to rounding. Vista Outdoor management uses this measurement internally to assess business performance, and Vista Outdoor's definition may differ from those used by other companies. Certain statements in this press release and other oral and written statements made by Vista Outdoor from time to time are forward-looking statements, including those that discuss, among other things: Vista Outdoor's plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. Gross profit increased 110 percent to $105 million, compared with prior-year quarter. Adjusted EBIT increased to $78 million, from $10 million in the prior year quarter. Alejandro Cherñacov. Values, Our Company For those who cannot participate in the live webcast, a telephone recording of the conference call will be available for one month after the call. Overview, Mission & Corporate Overview; Mission & Vision; Management; Locations; Brands; News & Media Sales Grow 29% and Gross Profit Increases 79%; E-Commerce Business Doubles in Q2, Corporate As noted above, our reported tax benefit (expense) of $10,104 results in a tax rate of (14.5)% and our adjusted tax benefit (expense) of $(6,524) results in an adjusted tax rate of 9.1%. E mail: ir@vistaoilandgas.com. Gross profit increased 39 percent to $57 million, compared with the prior-year quarter, due to improvements in mix and increases in the e-commerce channel across all brands. Vista Outdoor (VSTO)traded 2.4% higher premarket after commencing a private offering of $350M principal amount of senior notes due 2029. Who should I contact if I am a reporter or member of the media? Insider Filings. X. More. Vista Outdoor management believes free cash flow provides investors with an important perspective on the cash available for debt repayment and acquisitions after making the capital investments required to support ongoing business operations. February 9, 2021 . The tax effect of the transaction costs that are deductible for tax was calculated based on a blended statutory rate of approximately 24 percent. Vista Outdoor maintains a thorough compliance process, managed by Vista Outdoor’s Vice President of Government and Industry Relations and supported by the Vista Outdoor Legal Department, to ensure that Vista Outdoor’s political activities are lawful, properly disclosed and aligned with Vista Outdoor… Given the infrequent and unique nature of this divestiture, the company believes these costs are not indicative of ongoing operations. VISTA’S INVESTOR INFORMATION Welcome to our Investor Centre where you will find that we are listed on both the New Zealand Stock Exchange (NZSX) and the Australian Securities Exchange (ASX). Understanding current and past Vista Outdoor Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. Kelly Reisdorf is Vice President, Chief Communications and Investor Relations Officer, responsible for all facets of external communications for Vista Outdoor. Sales in a range of $510 million to $530 million, Earnings per Share in a range of $0.55 to $0.65. During the quarter ended September 27, 2020, we reduced the tax valuation allowance by $16.1 million to recognize the utilization of available tax assets to offset otherwise payable taxes. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Cash flow provided by operating activities was positive $198 million, compared with a use of cash of $(8) million in the prior-year period. Integrated Production. Overview; Code of Business Ethics; Board of Directors; Board Committee Charters; Guidelines; Political Disclosure; Contact Directors; Stock Information. EBIT increased 340 percent to $70 million, compared with the prior-year quarter.