Vista Outdoor Reports Strong Second Quarter Financial Results; Special Meeting of Stockholders to Vote on Sale of The Kinetic Group to CSG Scheduled to be Held on November 25, 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
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Source: Businesswire
Financial Performance: Vista Outdoor Inc. reported a 1.6% decrease in sales to $666 million for Q2 FY2025, with net income dropping to $42 million and adjusted EBITDA declining by 4.4% to $111 million, while highlighting significant cost savings from their GEAR Up transformation initiative.
Strategic Transactions: The company is moving towards separation, recommending stockholders vote in favor of the sale of The Kinetic Group to CSG and the merger agreement with SVP, which are expected to maximize shareholder value and lead to further growth opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
