Vista Outdoor Reports Record Fourth Quarter and Fiscal Year 2021 Operating Results
Fourth Quarter Sales Increase 40%: Outdoor Products Up 47%, Shooting Sports Up 37%
Full Year Gross Margins up 800 Basis Points; Delivers Full Year EBITDA Margin of 15.7%
Strategic Transformation Drives Record Full Year GAAP EPS of $4.44 and Adjusted EPS of $3.66
Reports Record Free Cash Flow Generation of $318 Million; Announces $100 Million Share Repurchase
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ANOKA, Minn., May 6, 2021 /PRNewswire/ Vista Outdoor Inc. (NYSE: VSTO) today reported operating results for the fourth quarter and Fiscal Year 2021 (FY21), which ended on March 31, 2021. Strength in our underlying business fundamentals, disciplined strategy execution and favorable consumer trends fueled our outstanding Fiscal Year 2021 results, said Vista Outdoor Chief Executive Officer Chris Metz. We delivered all-time record results for earnings per share, EBIT, and free cash
BRIEF-Vista Outdoor Reports Q4 Earnings Per Share $1.11 Reuters 2 hrs ago VISTA OUTDOOR REPORTS RECORD FOURTH QUARTER AND FISCAL YEAR 2021 OPERATING RESULTS SEES Q1 EARNINGS PER SHARE $0.80 TO $0.90 Q4 EARNINGS PER SHARE $1.11 SEES Q1 SALES $600 MILLION TO $620 MILLION Q4 SALES ROSE 40 PERCENT TO $597 MILLION Q4 ADJUSTED EARNINGS PER SHARE $1.02 BOARD APPROVED TWO-YEAR SHARE REPURCHASE PROGRAM FOR UP TO $100 MILLION OF THE COMPANY S COMMON STOCK Q4 EARNINGS PER SHARE VIEW $0.66, REVENUE VIEW $532.8 MILLION REFINITIV IBES DATA Q1 EARNINGS PER SHARE VIEW $0.69 REFINITIV IBES DATA Q1 REVENUE VIEW $527.3 MILLION REFINITIV IBES DATA Source text for Eikon: Further company coverage:
Operator
Good day and welcome to the Vista Outdoor Inc. Fourth Quarter and Full Fiscal Year 2021 Earnings Call. Today s conference is being recorded.
At this time, I d like to turn the conference over to Kelly Reisdorf. Please go ahead ma am.
Kelly Reisdorf
Vice President, Chief Communications and Investor Relations Officer
Good morning and thank you for joining us for our fourth quarter and full fiscal year 2021 earnings call. With me this morning is Chris Metz, Vista Outdoor s Chief Executive Officer; Sudhanshu Priyadarshi, Senior Vice President and Chief Financial Officer; and Ric Kern, President of our Bell Giro business unit.
(AP Photo/Richard Drew, File)
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