Vista Outdoor reports Q2 adjusted EPS $1.03, consensus 95c

Reports Q2 revenue $666M, consensus $666.62M. The company said, “At the conclusion of our review, the Board determined that the transactions with CSG and SVP together maximize value for Vista Outdoor (VSTO) stockholders. Based on our management team’s current estimates, the CSG and SVP transactions will collectively deliver an estimated $45.001 per share of Vista Outdoor common stock. We are pleased to see ISS is recommending Vista Outdoor stockholders vote “FOR” the sale of The Kinetic Group to CSG and recognizes the significant value that the CSG and SVP transactions will deliver to stockholders. The Board continues to recommend Vista Outdoor stockholders vote in favor of the proposal to adopt the merger agreement with CSG at the special meeting of stockholders which will be held on November 25, 2024…Looking ahead, we are excited to partner with SVP to capitalize on the momentum that we have built at Revelyst. The partnership positions us well to continue to leverage our integrated international house of brands and leadership in the outdoor industry. We see accelerating growth and an ability to deliver further innovation and top-tier products to outdoor enthusiasts bolstered by the access to SVP’s full operating resources and network. The future at Revelyst is bright, and I look forward to the next step in our journey alongside SVP.”