Vista Outdoor Inc. (VSTO) Bundle
An Overview of Vista Outdoor Inc. (VSTO)
General Summary of Vista Outdoor Inc. (VSTO)
Vista Outdoor Inc. was incorporated in Delaware in 2014 and is headquartered in Anoka, Minnesota. The company is a leading global designer, manufacturer, and marketer of outdoor recreation and shooting sports products. Vista Outdoor operates through four reportable segments: The Kinetic Group, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology. The company has manufacturing and distribution facilities in the United States, Mexico, and Puerto Rico, alongside international customer service, sales, and sourcing operations in Asia and Europe. Vista Outdoor serves customers in over 100 countries, leveraging a robust global distribution network.
As of 2024, Vista Outdoor's sales reflect a diverse portfolio of products, including ammunition, shooting accessories, outdoor gear, and apparel. The latest data indicates that net sales for the six months ended September 30, 2024, were approximately $1.31 billion, a decrease from $1.37 billion in the prior year period.
Company's Financial Performance in the Latest Financial Reports
In the latest financial reporting period, Vista Outdoor reported net income of $98.9 million for the six months ended September 30, 2024, down from $102.5 million in the same period the previous year. The earnings per share (EPS) for the same period were $1.69, compared to $1.78 the prior year.
The company's revenue performance varied across its segments:
| Segment | Net Sales (6 months ended September 30, 2024) | Net Sales (6 months ended September 24, 2023) | Change ($) | Change (%) |
|---|---|---|---|---|
| The Kinetic Group | $721.8 million | $726.1 million | ($4.3 million) | (0.6%) |
| Revelyst Outdoor Performance | $189.7 million | $213.8 million | ($24.1 million) | (11.3%) |
| Revelyst Adventure Sports | $286.7 million | $313.1 million | ($26.3 million) | (8.4%) |
| Revelyst Precision Sports Technology | $111.9 million | $117.2 million | ($5.3 million) | (4.5%) |
The overall gross profit for the six months ended September 30, 2024, was approximately $422.6 million, reflecting a gross profit margin of 32.3%, down from 31.8% in the prior year.
Introduction to Company as a Leader in the Industry
Vista Outdoor Inc. is recognized as a leader in the outdoor recreation and shooting sports industry, boasting a strong brand portfolio that includes well-known names in ammunition and outdoor products. The company's strategic focus on innovation and sustainability has positioned it favorably within the competitive landscape. The recent GEAR Up transformation program is expected to generate significant cost savings and operational efficiencies, further solidifying Vista Outdoor's market position.
As of September 30, 2024, Vista Outdoor's total debt was approximately $590 million, with a total debt as a percentage of total capitalization of 32.4%, down from 39.0% as of March 31, 2024.
Mission Statement of Vista Outdoor Inc. (VSTO)
Mission Statement of Vista Outdoor Inc. (VSTO)
Vista Outdoor Inc.'s mission statement emphasizes its commitment to being a leading global designer, manufacturer, and marketer of outdoor recreation and shooting sports products. The mission statement serves as a guiding principle for the company's long-term objectives, focusing on quality, innovation, and customer satisfaction.
Core Component 1: Quality Products
Vista Outdoor prioritizes delivering high-quality products across its various segments. In the fiscal year 2024, the company reported net sales of $1.31 billion, reflecting a decrease of 4.4% compared to the previous year. However, the Kinetic Group, which encompasses ammunition brands, showed resilience with a slight sales increase of 0.5%, totaling $721.76 million.
The gross profit margin for the Kinetic Group stood at 33.7%, slightly down from 34.0% a year prior, indicating a strong focus on maintaining profitability despite external cost pressures.
| Segment | Net Sales (FY 2024) | Gross Profit Margin |
|---|---|---|
| The Kinetic Group | $721.76 million | 33.7% |
| Revelyst Outdoor Performance | $189.73 million | 25.1% |
| Revelyst Adventure Sports | $286.73 million | 29.5% |
| Revelyst Precision Sports Technology | $111.88 million | 42.6% |
Core Component 2: Innovation
Vista Outdoor's mission includes a strong emphasis on innovation, which is evident in its diverse product offerings and technological advancements. The Revelyst Precision Sports Technology segment, for example, reported a gross profit margin of 41.8%, showcasing the effectiveness of its innovative golf technology products.
In the six months ended September 30, 2024, Vista Outdoor invested significantly in research and development, amounting to $23.72 million, which is critical for maintaining its competitive edge in the outdoor recreation market.
Core Component 3: Customer Satisfaction
Customer satisfaction is paramount in Vista Outdoor's mission statement. The company operates in over 100 countries, utilizing a robust global distribution network to ensure its products are accessible to a wide range of consumers. As of September 30, 2024, Vista Outdoor had total cash and cash equivalents of $36.93 million, which it aims to leverage for enhancing customer service and product availability.
Moreover, the company's commitment to customer satisfaction is further reflected in its recent strategic initiatives, including the divestiture of underperforming segments and the focus on core brands that resonate with customers.
Vision Statement of Vista Outdoor Inc. (VSTO)
Vision Statement Overview
The vision statement of Vista Outdoor Inc. (VSTO) in 2024 centers on becoming a leading global designer and manufacturer of outdoor recreation and shooting sports products. The company aims to enhance customer experiences while promoting sustainable practices and innovative product offerings across its diverse segments.
Innovation and Product Development
Vista Outdoor emphasizes innovation as a core component of its vision. In fiscal year 2024, the company launched several new products across its segments, contributing to a net sales figure of $665,915 in the third quarter, compared to $676,808 in the same period the previous year, reflecting a decrease of 1.6%. The gross profit margin for the quarter stood at 31.8%, slightly up from 30.9% year-over-year.
Customer Engagement and Experience
Vista Outdoor's vision includes a commitment to enhancing customer engagement. The company reported a significant increase in customer satisfaction metrics following the introduction of its GEAR Up transformation program, which aims to streamline operations and improve service delivery. For the six months ended September 30, 2024, the company achieved cash provided by operating activities of $80,543, compared to $107,540 during the same period in 2023.
Sustainability and Corporate Responsibility
As part of its vision, Vista Outdoor is dedicated to sustainability. The company has implemented various initiatives aimed at reducing its environmental footprint, including responsible sourcing and manufacturing processes. The GEAR Up program is projected to yield $100,000 in annual cost savings by fiscal year 2027, demonstrating a commitment to operational efficiency while enhancing sustainability.
Global Reach and Market Expansion
Vista Outdoor aims to expand its global footprint, serving customers in over 100 countries. The company's strategic focus on international markets is evident in its diversified product lines across multiple segments, including The Kinetic Group and Revelyst. The total liabilities of Vista Outdoor as of September 30, 2024, were reported at $1,121,918.
Financial Health and Growth Strategy
Vista Outdoor maintains a robust financial position, with total stockholders' equity of $1,231,715 as of September 30, 2024. The company has actively managed its debt, reducing total debt to $590,000, which is 32.4% of total capitalization. This financial discipline supports its vision of sustainable growth and market leadership.
| Financial Metrics | Q3 2024 | Q3 2023 | Change (%) |
|---|---|---|---|
| Net Sales ($000) | 665,915 | 676,808 | -1.6% |
| Gross Profit Margin (%) | 31.8 | 30.9 | +0.9% |
| Operating Income ($000) | 65,725 | 75,785 | -13.3% |
| Total Liabilities ($000) | 1,121,918 | 1,276,083 | -12.1% |
| Total Stockholders' Equity ($000) | 1,231,715 | 1,126,297 | +9.4% |
Core Values of Vista Outdoor Inc. (VSTO)
Integrity
The core value of integrity is foundational to Vista Outdoor Inc. This value emphasizes honesty and ethical behavior in all business dealings. Vista Outdoor demonstrates its commitment to integrity through transparent financial reporting and adherence to regulatory standards.
In its financial disclosures, Vista Outdoor reported a net income of $41,798,000 for the three months ended September 30, 2024, reflecting a commitment to transparency. The company also emphasizes ethical practices, ensuring that all employees adhere to a strict code of conduct regarding compliance and ethical behavior.
Innovation
Innovation is a core value that drives Vista Outdoor's product development and market competitiveness. The company invests significantly in research and development, with expenses totaling $11,284,000 for the three months ended September 30, 2024.
Vista Outdoor's commitment to innovation is further illustrated by the introduction of new products such as those from its Revelyst Precision Sports Technology segment, which reported an increase in sales due to new product introductions. This focus on innovation is essential for maintaining market leadership in the outdoor recreation and shooting sports sectors.
Customer Commitment
Vista Outdoor places a strong emphasis on customer commitment, ensuring that customer needs and satisfaction are prioritized. This is evident from the company's robust distribution network, which serves customers in over 100 countries.
The company reported net sales of $665,915,000 for the three months ended September 30, 2024, which reflects its ability to meet customer demands effectively. Additionally, Vista Outdoor's ongoing customer engagement initiatives are designed to enhance customer relationships and loyalty.
Sustainability
Sustainability is a core value that Vista Outdoor is increasingly prioritizing in its operations. The company has initiated various sustainability programs aimed at reducing its environmental impact and promoting responsible sourcing of materials.
In 2024, Vista Outdoor reported a decrease in inventory levels by 7.9%, showcasing its efficiency and commitment to sustainable practices. The company is also focused on minimizing waste and improving resource management across its production processes.
Teamwork
Teamwork is a vital core value at Vista Outdoor, fostering a collaborative environment where employees work together to achieve common goals. The company encourages cross-functional collaboration to enhance operational efficiency and innovation.
Vista Outdoor's workforce is composed of over 58,000 employees, reflecting a strong commitment to teamwork and employee engagement. The company invests in team-building initiatives and training programs to strengthen its workforce and promote a culture of collaboration.
| Core Value | Description | Examples |
|---|---|---|
| Integrity | Commitment to ethical behavior and transparency | Net income of $41,798,000 for Q3 2024 |
| Innovation | Focus on product development and market competitiveness | R&D expenses of $11,284,000 for Q3 2024 |
| Customer Commitment | Prioritizing customer satisfaction and needs | Net sales of $665,915,000 for Q3 2024 |
| Sustainability | Reducing environmental impact and promoting responsible sourcing | 7.9% decrease in inventory levels in 2024 |
| Teamwork | Fostering collaboration among employees | Workforce of over 58,000 employees |
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Resources:
- Vista Outdoor Inc. (VSTO) Financial Statements – Access the full quarterly financial statements for Q2 2025 to get an in-depth view of Vista Outdoor Inc. (VSTO)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Vista Outdoor Inc. (VSTO)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.