Vista Outdoor
 |
|
| Public company | |
| Traded as | : VSTO S&P 400 Component |
| Industry | shooting sports and outdoor products |
| Founded | 2015, spun off from Alliant Techsystems |
| Headquarters | Clearfield, Utah, United States |
|
Key people
|
Mark DeYoung (Chairman and CEO) |
| Products | firearms, ammunition, and outdoor accessories |
|
Number of employees
|
5,800 |
| Website | www.vistaoutdoor.com |
Vista Outdoor Inc., is an American publicly traded "designer, manufacturer, and marketer" of outdoor sports and recreation products. The company operates in two segments, shooting sports and outdoor products. It is a "house of brands" with more than 30 labels and subsidiaries that produce ammunition, firearms, and outdoor accessories. The company trades under "VSTO" on the .
Alliant Techsystems (ATK), entered the ammunition and outdoor products business in 2001. ATK grew through acquisitions and a surge in demand for ammunition for police, hunting, and other private uses.
In December 2014, regulators were informed that Vista Outdoor had signed an agreement for a $350 million secured loan with a term of five years and a $400 million revolving line of credit. Proceeds were partially used to pay down debt. ATK and Orbital filed a joint proxy statement and prospectus describing the share issuance with the Securities and Exchange Commission on December 17, 2014. The same month, the Department of Justice granted approval to the merger and spinoff.
ATK spun-off Vista Outdoor upon closing its merger with Orbital Sciences and became Orbital ATK on February 9, 2015. Anyone holding ATK common stock at the end of the business day on February 2, 2015 received two shares of Vista Outdoor common stock. Eligible shareholders had their brokerage account credited or received a book-entry account statement reflecting their ownership. Vista Outdoor was thus initially 100% owned by ATK shareholders. Vista Outdoor stock traded on a "when-issued" basis from January 29, 2015 to February 9, 2015. It began "regular way" trading on the on February 10, 2015 under the ticker symbol "VSTO." No payment or action of any kind was required of shareholders. This transaction was conducted on a tax-free basis. U.S. shareholders generally did not have to recognize a gain or loss for federal tax purposes.
On February 25th, 2016, BRG Sports announced its acceptance of a $400-million cash and earn-out deal to sell its "Action Sports" business to Vista Outdoor. Vista gained control of the Bell Sports, Giro, Blackburn, and C-Preme brands.
For fiscal year 2015, Vista Outdoor reported earnings of $79.5 million or $1.25 per share on $2.08 billion in revenue.
Vista Outdoor's brands and subsidiaries include those listed in detail below as well as the following: Alliant Powder, Blackburn, Cébé, Champion Targets, C-Preme, Final Approach, Gold Tip Arrows, Hoppe's, Outers, Primos, Serengeti, Speer, Uncle Mike's, and Weaver Optics. Most of Vista's brands are associated with shooting and hunting. The company also makes gear for camping, hiking, skiing, and biking such as flashlights, headlamps, lanterns, helmets, goggles, GPS locators, etc.
...
Wikipedia