Corporate Profile; Corporate Governance. Cash flow provided by operating activities was positive $198 million, compared with a use of cash of $(8) million in the prior-year period. Find out the direct holders, institutional holders and mutual fund holders for Vista Outdoor Inc. (VSTO). Adjustments to net income (loss) to arrive at cash provided by (used for) operating activities: Loss (gain) on disposal of property, plant, and equipment, Pension and other postretirement benefits, Proceeds from sale of our Firearms Business, Proceeds from the disposition of property, plant, and equipment, Cash (used for) provided by investing activities, Payment of employee taxes related to vested stock awards, Effect of foreign exchange rate fluctuations on cash and restricted cash, Increase in cash, restricted cash, and cash equivalents, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash at end of period, View original content to download multimedia:http://www.prnewswire.com/news-releases/vista-outdoor-announces-record-fy21-second-quarter-operating-results-301166959.html. Vista Outdoor is a leading global designer, manufacturer and marketer of consumer Weighted-average number of common shares outstanding: VISTA OUTDOOR INC. CONDENSED CONSOLIDATED BALANCE SHEETS (preliminary and unaudited), Deferred charges and other non-current assets, net, Accrued pension and postemployment benefits, Issued and outstanding — 58,256,243 shares as of September 27, 2020 and 58,038,822 shares as of March 31, 2020, Common stock in treasury, at cost — 5,708,196 shares held as of September 27, 2020 and 5,925,617 shares held as of March 31, 2020, Total liabilities and stockholders' equity, VISTA OUTDOOR INC. "My sincere thanks and appreciation go out to our entire team of outstanding employees for their hard work and resilience. Kelly has 14 years of experience with Vista Outdoor and predecessor Orbital ATK. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Operating expenses were 15 percent of sales, and improved by 483 bps when compared with the prior-year quarter. The company began FY21 with $38 million of tax-effected operating loss, credits and interest deduction carry forwards and has utilized over $18 million to obtain tax refunds under the provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Free cash flow generation was positive $190 million, compared with a use of cash of $(23) million in the prior-year. de C.V. (“Vista”)’s series A shares and American Depositary Shares have the ability to receive a hard copy of Vista’s annual report, which includes Vista’s complete audited financial statements, free of charge upon request. "We delivered outstanding results in the second quarter," said Vista Outdoor Chief Executive Officer, Chris Metz. In addition to the results prepared in accordance with GAAP, we are providing the information below on a non-GAAP basis, including adjusted gross profit, adjusted operating expenses, adjusted other income (expense), adjusted earnings before interest and tax (EBIT), adjusted interest expense, adjusted taxes, adjusted tax rate, adjusted net income, and adjusted fully diluted earnings per share (EPS). Kelly Reisdorf is Vice President, Chief Communications and Investor Relations Officer, responsible for all facets of external communications for Vista Outdoor. On 04 July 2014, we made an Initial Public Offering on both Exchanges and listed on 11 August of that year. As a result, we recorded a pretax loss of $0.4 million which is included in other income (expense), net. Values, Our Company 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. Vista Outdoor Announces Record FY21 Third Quarter Operating Results. Where to Invest $10,000; 50 Companies to Watch in 2018; Where to Invest $1 Million; Follow. During the quarter ended September 29, 2019, we incurred transaction costs associated with possible and actual transactions, including advisory and legal fees. More. Vista Outdoor defines these measures as, gross profit, operating expenses, other income (expense), EBIT, interest expense, taxes, tax rate, net income, and EPS excluding, where applicable, the impact of costs incurred for transaction costs, tax valuation allowance, contingent consideration, restructuring and asset impairment costs, debt issuance costs, and loss on divestiture. ©2020 VISTA OUTDOOR OPERATIONS LLC. None of these results could have been possible without their extraordinary efforts to serve our customers with dedication and passion in the midst of the challenges presented by the COVID-19 pandemic," Metz added. Vista Outdoor products are … More. 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). CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) Given the infrequent and unique nature of this divestiture, the company believes these costs are not indicative of ongoing operations. EBIT Margin improved by 1320 bps to 18.5 percent from 5.3 percent in the prior year quarter. Interactive Analyst Center. Due to previous impairments, the Company continues to be in a three-year cumulative loss position resulting in a tax valuation allowance on its deferred tax assets. Vista Outdoor Inc. 6 years Chief Investor Relations and Communications Officer Vista Outdoor Inc. Sep 2019 - Present 1 year 5 months. 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. Vista Outdoor management uses free cash flow internally to assess both business performance and overall liquidity. Sales increased 29 percent to $575 million, compared with the prior-year quarter. Vista Outdoor Announces Private Offering of Senior Notes. Sales increased 35 percent to $195 million, compared with the prior-year quarter, driven by strong consumer demand as a result of the resurgence in outdoor recreation activities and increases in sales in our e-commerce channels across all brands. *NOTE: Adjustments to "as reported" results are items that are excluded to arrive at the "as adjusted" results for the quarters ended September 27, 2020 and September 29, 2019. The completion of this divestiture was a critical step in the Company’s strategic portfolio reshaping and allowed the Company to further paydown debt and free up capital to invest in product categories where the Company believes it can be a market leader. Earnings Conference Call Webcast Information. How can I contact Investor Relations? Responsibility, http://www.prnewswire.com/news-releases/vista-outdoor-announces-record-fy21-second-quarter-operating-results-301166959.html. Her focus is on bringing together awareness, product value and differentiation for both investors and customers. E mail: ir@vistaoilandgas.com. × About. Get the latest business insights from Dun & Bradstreet. ©2020 VISTA OUTDOOR OPERATIONS LLC. Free cash flow is defined as cash provided by (used for) operating activities less capital expenditures, and excluding transaction costs, debt issuance costs, and restructuring and asset impairment costs, which have been adjusted for applicable tax amounts. Gross profit margin improved by 786 bps compared with the prior-year quarter. Vista Outdoor undertakes no obligation to update any forward-looking statements except as otherwise required by law. More. Vista Outdoor will hold an investor conference call to discuss its second quarter FY21 financial results on November 5, 2020, at 9 a.m. Vista Outdoor management uses this measurement internally to assess business performance, and Vista Outdoor's definition may differ from those used by other companies. 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. and Bollé, named Michael Pici to serve as its vice president of investor relations. There is no tax effect of this loss because it is not deductible for tax purposes. Quarterly Results; Email Notification; SEC Filings. Investors; News; About. The remaining $20 million can be used to reduce cash taxes as qualifying taxable income is generated over the remainder of FY21 and into the future. "E-commerce at 22% of YTD sales contributed to the healthy upswing on the EBIT margin to 13.5% as well as superior growth in YTD free cash flow to $190 million. Strong demand was somewhat offset by continued COVID-19 supply chain disruptions primarily related to our Hydration business unit. Adjusted EBIT increased to $78 million, from $10 million in the prior year quarter. Vista Outdoor management is presenting these measures so a reader may compare gross profit, operating expenses, other income (expense), EBIT, interest expense, taxes, tax rate, net income, and EPS excluding these items, as the measures provide investors with an important perspective on the operating results of the company. Quarterly Results; Email Notification; Events & Presentations. Adjusted interest expense decreased 37 percent. The conference call will be accessible through live webcast. News, Social Responsibility, Request The tax effect of the contingent consideration cost was calculated based on a blended statutory rate of approximately 24 percent. The tax assets arise from tax losses and other tax attributes that could not be realized in the then contemporaneous periods. Alejandro Cherñacov. “Kelly is a high-energy, results-oriented leader who will effectively communicate Vista Outdoor’s strategy and outcomes with shareholders and analysts,” said Mick Lopez, Vista Outdoor… All Company News. CLEARFIELD, Utah, March 18, 2015 /PRNewswire/ -- Vista Outdoor Inc. ("Vista Outdoor") announced today that the company has named Michael Pici to serve as its Vice President of Investor Relations (IR). 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. Insider Filings. Last month we completed an acquisition of the iconic Remington brand. Vista Outdoor (VSTO)traded 2.4% higher premarket after commencing a private offering of $350M principal amount of senior notes due 2029. Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. BOX 30170 College Station, TX 77842 United States Insider Filings ; Events & Presentations. Adjusted operating expenses were 15 percent of sales, and improved by 356 bps when compared with the prior-year quarter. Analyst Coverage; SEC Filings. ALL RIGHTS RESERVED. "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. Forbes Names Vista Outdoor as one of "America's Best Midsize Employers" for 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. Investor Relations Global Contacts Vista Outdoor Inc VSTO Morningstar Rating Rating as of Feb 16, 2021. With the balance sheet now in excellent shape, we can move to deploying our capital to further fund our future growth including innovation and select tuck-in acquisitions, like Remington.". All holders of Vista Oil & Gas, S.A.B. Leadership; History; Locations; Global Citizenship; Leadership. Given the infrequent and unique nature of this tax situation, we do not believe the $16.1 million reduction in tax expense is indicative of operations of the company. Fully Diluted Earnings per Share (EPS) was $1.34, compared with $(0.21) in the prior-year quarter. Her focus is on bringing together awareness, product value and differentiation for both investors and customers. February 16, 2021. Corporate February 4, 2021. Overview, Mission & Integrated Production. Vista Outdoor (VSTO) Beats Q3 Earnings and Revenue Estimates Vista Outdoor (VSTO) delivered earnings and revenue surprises of 58.46% and 9.36%, respectively, for the quarter ended December 2020. EBIT increased 340 percent to $70 million, compared with the prior-year quarter. Based on results to date, the current market environment and typical seasonality, Vista Outdoor's outlook for third quarter Fiscal Year 2021, which includes Remington, is as follows: FY21 guidance does not include the impact of any additional future strategic acquisitions, divestitures, investments, business combinations or other significant transactions. Cash provided by (used for) operating activities. ET. … Corporate Overview; Mission & Vision; Management; Locations; Brands; News & Media EBIT Margin improved by over 600 bps to 13.5 percent from 7.1 percent in the prior year quarter. The tax effect of these costs was calculated based on a blended statutory rate of approximately 24 percent. ALL RIGHTS RESERVED. Find company research, competitor information, contact details & financial data for Vista Outdoor Inc. of Scotts Valley, CA. Vista Outdoor News. ET 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. For news and information, visit www.vistaoutdoor.com or follow us on Twitter @VistaOutdoorInc and Facebook at www.facebook.com/vistaoutdoor. ALL RIGHTS RESERVED. Profiles of our experienced global leadership team. Vista Outdoor management uses free cash flow internally to assess both business performance and overall liquidity. Values, Vista Outdoor Announces Record FY21 Second Quarter Operating Results, Our Company Earnings before interest and taxes (EBIT) increased to $75 million, from $1 million in the prior year quarter. Investor Information. Where to Invest $10,000; 50 Companies to Watch in 2018; Where to Invest $1 Million; Follow. 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. Given the infrequent and unique nature of these costs, the company believes these costs are not indicative of ongoing operations of the company. Given the infrequent and unique nature of this tax valuation allowance, we do not believe the $2.6 million tax expense related to the tax valuation allowance of the deferred tax assets is indicative of operations of the company. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Outlook for Fiscal Year 2021 Third Quarter, "Our focus on e-commerce was well timed and well executed as this channel grew more than 100% during the quarter," said Sudhanshu Priyadarshi, Vista Outdoor Chief Financial Officer. You are cautioned not to place undue reliance on any forward-looking statements we make. Do the numbers hold clues to what lies ahead for the stock? 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 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. Quarterly Results. 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. Gross profit increased 110 percent to $105 million, compared with prior-year quarter. During the quarter ended September 29, 2019, in connection with the repayment of the Term Loan and a portion of the Junior Term Loan, unamortized debt issuance costs were written off and repayment premium fees were paid. 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. Phone: +52 55 1167 8250 . Essential Worker Series: Jose Pérez. Investor Relations Kelly Reisdorf Vice President, Investor Relations, Communications and Government Relations investor.relations@vistaoutdoor.com Phone: 763-433-1028 Request Investor Information Transfer Agent: Computershare By Regular Mail: P.O. Ammo seller Vista Outdoors’ stock plunges to record low; CEO doesn’t know when sales will bottom Published: Feb. 10, 2019 at 10:29 a.m. EPS amounts may not foot due to rounding. Gross profit rose 79 percent to $162 million, compared with the prior-year quarter. "Our focus on the great outdoors, together with the strength of our business model, product offerings and execution drove positive results across the company. products in the outdoor sports and recreation markets. Our Company. Margin acceleration is due to the result of improvements resulting from cost savings initiatives, mix, price and favorable commodity costs. The tax effect of the transaction costs was calculated based on a blended statutory rate of approximately 24 percent. Choose "Investors" then "Events and Presentations." Adjusted EPS was $1.10, compared with $0.00 in the prior-year quarter. Vista Outdoor is a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. 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