A $155.6 million goodwill impairment charge sent VSTO into the red, with a fiscal fourth quarter net loss of $141,214,000 against a loss of $48,635,000 last year, on 17% lower revenues of $426,311,000 down from $515,336,000. Excluding the divested Savage Arms business, organic sales were off 8%. The results were in line with the company’s preannouncement last week, in which it called out growing commercial ammunition demand as well as good bike helmet and outdoor cooking sales. But the revenues were below Wall St. estimates, and combined with weak guidance to send VSTO shares down 30% on the news. Gross ... Log in to view full article.