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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.
Vista Outdoor (VSTO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Vista Outdoor's Revelyst inks a deal to be acquired by Strategic Value Partners, positioning the company to enhance its market presence and drive long-term profitability.
Shares of Vista Outdoor (VSTO, Financial) surged by 10.14% today, buoyed by the company's announcements of two significant business deals. Vista Outdoor has entered into an agreement to sell its Revelyst business to Strategic Value Partners for $1.125 billion, and it has amended its agreement with the Czechoslovak Group, raising the acquisition price for The Kinetic Group to $2.225 billion.
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.
Vista Outdoor on Friday agreed to sell itself in parts to two separate buyers for a total of $3.35 billion, including debt, after fending off a hostile suitor that pursued the sporting goods and ammunitions maker for months.
Vista Outdoor has again delayed a special shareholder meeting to vote on Czechoslovak Group's (CSG) $2.15 billion offer for the firm's ammunition unit and a stake in its outdoor division.
Vista Outdoor Inc. (NYSE:VSTO ) Q1 2025 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Tyler Lindwall - Vice President of Corporate Development, IR and FP&A Eric Nyman - Co-Chief Executive Officer, Vista Outdoor; Chief Executive Officer, Revelyst Jason Vanderbrink - Co-Chief Executive Officer, Vista Outdoor; Chief Executive Officer, The Kinetic Group Andrew Keegan - Chief Financial Officer, Revelyst Conference Call Participants Anna Glaessgen - B. Riley Matt Koranda - Roth Capital Mark Smith - Lake Street Capital Markets Jim Chartier - Monness, Crespi & Hardt Operator Hello, and welcome to the First Quarter Fiscal Year 2025 Vista Outdoor Earnings Conference Call.
Vista Outdoor (VSTO) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.12 per share a year ago.
Among the options Vista is reviewing before the next shareholder meeting is to re-engage in talks with MNC in hopes of landing a larger proposal from the venture capital group.
On July 30, 2024, Vista Outdoor (NYSE: $40.80; Market Capitalization: $2.38 billion) announced that its board of directors has begun reviewing strategic alternatives and is now open to selling its outdoor sporting gear business – Revelyst. The Czechoslovak Group (“CSG”) is exploring the acquisition option in addition to its proposed acquisition of The Kinetic Group.