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Article Date: May 2019
Word Count: 309

Vista Outdoor Loss Jumps on New Impairment


The net loss was $48,635,000 compared to $15,922,000 for the final fiscal quarter ended Mar. 31 as sales fell 10% to $515,336,000 from $571,227,000 with the additional red ink the result of a $36.4 million impairment charge on the Savage gun business held for sale. Savage still hasn’t finalized a sale but it is expected soon at about $170 million. In addition, VSTO indicate that it was now inclined to hold on to the Bell/Giro helmet business and improve them for now rather than divest. For the full fiscal year, VSTO had a loss of $648,443,000 against a loss of ... Log in to view full article.

 


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