Vista Outdoor Announces Record Quarter, New Acquisition

by
posted on February 11, 2021
vista-outdoor.jpg

Vista Outdoor—owner of Federal, CCI and other ammunition legends—announced late last week that its quarterly sales, for the period ending Dec. 27, 2020, set an all-time record for the company. Its sales were up 35-percent from the same reporting period the year before, coming in at $575 million. Shooting sports-related brands led the way with $402 million, a 41-percent improvement. The firm also purchased Hevi-Shot Ammunition.

“Continued strength in outdoor recreation markets, combined with our ongoing focus on execution excellence, resulted in strong top and bottom-line growth across the entire company,” Vista Outdoor Chief Executive Officer Chris Metz said when results were released. “Strong outdoor participation trends that began in the early days of COVID lockdowns have continued into calendar 2021 and do not appear to be slowing down.”

When asked about the ammunition shortage during a follow-up shareholder conference call on Feb. 4, Metz explained demand right now is currently, “…very, very different. And it’s probably the broadest base surge we have seen. So, it’s not just 5.56, .223 calibers, it’s 9-millimeter self-defense, it’s hunting loads, it’s centerfire, long rifle, waterfowl. You name it, across the board—every one of the categories has seen a surge.”

“Our acquisition of Remington [ammunition] is ahead of plan and we expect similar results with our just announced acquisition of Hevi-Shot,” he said during the call. “We most recently acquired Hevi-Shot Ammunition for a total of $16 million. This iconic brand is an innovation powerhouse, specializing in the manufacture of top-tier shotshells, bullets and lead-free technology.”

Vista’s plants are already working 24/7 to fill orders, but as the firm’s newly acquired factories spin up to capacity there’s an additional short-term challenge. The cost of shipping raw materials and product are skyrocketing, and those increases are expected linger through part of the year—perhaps longer.

One person on the conference call asked about the situation, and specifically addressed the shortage of cargo containers. “…The freight increases and the containers, it’s going to work itself out at some point in time,” Metz reassured. “It’s going to go on through the quarter, may even go on into the first quarter of our next fiscal year.”

Latest

right side bolt-action rifle gray wood silver metal steel stainless
right side bolt-action rifle gray wood silver metal steel stainless

NRA Gun of the Week: Kimber 84M Pro Varmint

On this week’s “Gun of the Week” video preview, watch as American Rifleman staff take a short-action Kimber 84M rifle to the range for discussion.

The Armed Citizen® Oct. 15, 2021

Read today's "The Armed Citizen" entry for real stories of law-abiding citizens, past and present, who used their firearms to save lives.

Rifleman Q&A: M1 Garand Vs. M1 Carbine Rebarrels

It seems to me that few World War II-vintage M1 Garand rifles retain their original barrels today, whereas most M1 Carbines of the same era I have seen still have the original barrels?

Record Setting Participation In USA Clay Target League Fall Season

This fall season of the USA Clay Target League has reached new heights, with a record breaking 651 high school and college teams, equating to 11,783 of the young enthusiasts, participating.

NRA Museums: 85 Years Of Preserving The Past For The Future

In June 1923, the Official Journal of the National Rifle Association became The American Rifleman, a bi-monthly publication with a staff that included Maj. Julian S. Hatcher, Lt. Col. Townsend Whelen, Capt. Charles Askins, Sr. and a host of others whose names read like a who’s who of legendary gun writers and experts.

Savage A17: The Semi-Automatic .17 HMR Rifle

Introduced in 2015, the Savage A17 rifle line was one of the first semi-automatics to be chambered for the tiny but hot .17 HMR cartridge. 

Interests



Get the best of American Rifleman delivered to your inbox.