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Article Date: May 2018
Word Count: 401

Vista Outdoor to Pare Portfolio, Sees 2018 as The Bottom


The net loss in Q4 ended Mar. 31 was $15,922,000 against income of $857,000 as sales dipped 1% to $571,227,000 from $578,753,000, bringing to a close a year in which it lost $60,232,000 compared to a prior year loss of $274,454,000 that included impairment charges of $152.4 million on sales of $2,308,463,000 vs. $2,546,892,000. But VSTO has completed its strategic review and will try to sell several divisions to focus on ammunition, hunting/camping accessories, hydration and outdoor cooking, saying that it sees the shooting sports market outlook brightening as 2018 progresses and a turnaround in the works.

 

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