Jump to content

Vista Outdoor

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 210.3.160.226 (talk) at 12:14, 22 December 2020 (→Federal Premium). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Vista Outdoor
Company typePublic
NYSE: VSTO
S&P 600 Component
Industryshooting sports and outdoor products
Founded2015, spun off from Alliant Techsystems
HeadquartersAnoka, Minnesota, United States[1][2]
Key people
Chris Metz (CEO)
Productsfirearms, ammunition, and outdoor accessories
RevenueDecrease US$2.059 billion (2019)
Decrease US$2.308 billion (2018)[3]
Number of employees
5,800
Websitewww.vistaoutdoor.com

Vista Outdoor is an American firm that designs, manufactures, and markets sporting goods. It operates in two markets: shooting sports and outdoor products. It is a "house of brands"[4] with more than 40 labels and subsidiaries. It trades under "VSTO" on the New York Stock Exchange.[5][6][7] Vista Outdoor is the parent company to many ammunition makers, including Federal Ammunition.[8]

History

Alliant Techsystems (ATK), entered the ammunition and outdoor products business in 2001. ATK grew through acquisitions and a large increase in demand for ammunition for police, hunting, and other private uses.[9]

ATK told its regulators in December 2014 that it intended first to merge its defense and satellite businesses with Orbital Sciences, and then spin off its sporting ammunition business as a stand-alone public company to be named Vista Outdoor.[9] Vista Outdoor signed an agreement for a $350 million secured loan with a term of five years and a $400 million revolving line of credit. Proceeds were partially used to pay down debt.[9] ATK and Orbital filed a joint proxy statement and prospectus describing the share issuance with the Securities and Exchange Commission on December 17, 2014. The same month, the Department of Justice approved to the merger and spinoff.[6][10]

ATK spun-off Vista Outdoor after merging with Orbital Sciences and became Orbital ATK on February 9, 2015. Anyone holding ATK common stock at the end of the business day on February 2, 2015, received two shares of Vista Outdoor common stock. Eligible shareholders had their brokerage account credited or received a book-entry account statement reflecting their ownership. Vista Outdoor was thus initially 100% owned by ATK shareholders. Vista Outdoor stock traded on a "when-issued" basis from January 29, 2015, to February 9, 2015. It began "regular way" trading on the New York Stock Exchange on February 10, 2015, under the ticker symbol "VSTO." Shareholders were not required to make any payment or take action of any kind. This transaction was conducted on a tax-free basis. U.S. shareholders generally did not have to recognize a gain or loss for federal tax purposes.[5][11][12][13]

On February 25, 2016, BRG Sports announced its acceptance of a $400-million cash and earn-out deal to sell its "Action Sports" business to Vista Outdoor. Vista gained control of the Bell Sports, Giro, Blackburn, and C-Preme brands.[14]

On May 1, 2018, Vista Outdoor announced that it would consider selling its gun manufacturing subsidiaries[15] and Bell, Giro, Blackburn, and Jimmy Styks, to focus on its core brands for outdoors enthusiasts.[16][failed verification] Months earlier, Vista announced that it was attempting to sell eyewear brands Bolle, Serengeti, and Cebe.[17] The company said its move out of the firearms business had nothing to do with recent boycotts. CEO Christopher Metz said the move had been planned in advance and that Savage Arms and Stevens would require too much investment to rectify their lack of handguns, which make up half the gun market in the US.[18] Metz said he expects the asset sales to be completed by the 2020 fiscal year.[19] Metz said the company would focus heavily on what it called its "heritage ammunition business."[20][21][22]

Vista Outdoor announced on July 9, 2018 that it had reached an agreement with a European private equity fund to sell the Bollé, Cébé and Serengeti eyewear brands.[23]

On July 9, 2019, Vista Outdoor completed the sale of Savage Arms[24] and Stevens Arms for $170 million to a group of investors led by Savage's management. Vista received immediate gross proceeds of $158 million and a $12-million five-year note. Vista said it will use this money, after paying associated taxes, to reduce its debt.[25]

In September the company bought parts of U.S. gunmaker Remington Outdoor's ammunition and accessories businesses for about $81 million. Vista will acquired Remington’s ammunition manufacturing facility in Lonoke, Arkansas and related intellectual property, including the Remington brand and trademarks.[26][27]

Financial results

For fiscal year 2015, Vista Outdoor reported earnings of $79.5 million or $1.25 per share on $2.08 billion in revenue.[14]

In a January 11, 2017 press release, Vista Outdoor disclosed that it expected to record "a material asset impairment charge in its hunting and shooting accessories reporting unit" for the third quarter of its fiscal year 2017. Vista reported that "the Company's preliminary analysis indicates the impairment charge will be in the range of $400 million to $450 million."[28]

For fiscal year 2018, Vista Outdoor had sales of $2.31 billion. It had gross earnings of $520.96 million dollars leading to a gross profit margin of 22.57%.[29] Free cash flow was $206 million compared to $41 million for the prior fiscal year.[30]

For fiscal year 2019, Vista Outdoor had sales of $2.1 billion. It lost $648 million. Vista reduced its debt load from $738 million to $581 million due to its sale of Savage Arms.[31]

In 2020, Vista Outdoor benefited from greatly increased ammunition sales. Vista also benefited when many retailers reopening after being closed due to the COVID-19 pandemic; This resulted in a large increase in sales of outdoor-related products and sporting goods.[32]

Brands and subsidiaries

Many of Vista's brands are associated with shooting and hunting. The company also makes gear for camping, hiking, skiing, and biking such as flashlights, headlamps, lanterns, helmets, goggles, GPS locators, etc.[6][33] As of 2019, Vista Outdoor earned about 50% of its profits from businesses units related to shooting sports, such as ammunition makers Federal Premium and CCI.[13]

Bushnell

Main article: Bushnell Corporation
Bushnell scopes on display at a hunting exhibition

Also known as Bushnell Outdoor Products, Bushnell specializes in optics. Its products include binoculars, spotting scopes, telescopes, night vision equipment, GPS devices, laser rangefinders, riflescopes, holographic weapon sights, game cameras, and other high-end optical equipment.

David P. Bushnell founded Bushnell Corporation in 1948 during his service in Allied-occupied Japan. In 1999, private equity firm Windpoint Partners acquired Bushnell. In 2007, Bushnell was acquired by MidOcean Partners, another private equity firm, in a leveraged buyout. In 2008, Bushnell acquired the assets of Simmons Outdoor Corporation from Meade Instruments. ATK announced its acquisition of Bushnell on September 5, 2013, for $985 million in cash, subject to post-closing adjustments.[34][35]

CCI

Main article: CCI (ammunition)

Cascade Cartridge, usually called CCI Ammunition, is based in Lewiston, Idaho. Initially, CCI made centerfire primers for government use. As of March 2015, it mainly manufactures rimfire ammunition but also makes centerfire handgun ammunition, primers for reloading and industrial purposes, and shotgun shells.

CCI was founded in 1951 by Dick Speer, brother of Speer Bullets founder Vernon Speer. CCI was previously known as the Speer Ammunition Company.[36][37]

Federal Premium

Main article: Federal Cartridge
Hydra-Shok 9mm ammunition from Federal Premium

Federal Cartridge, usually styled Federal Premium, is located in Anoka, Minnesota where it employs roughly 1,000 workers. It was founded in 1922 by Charles L. Horn. Federal Premium manufactures finished shotshell, centerfire, and rimfire ammunition, as well as powder, primer, and shell casings.[38] Federal Premium introduced its Hydra-Shok line of handgun ammunition in 1988 after the FBI requested a bullet with better terminal ballistics than traditional cup-and-core projectiles.[39] Federal Premium manages Vista Outdoor's relationship with the Lake City Army Ammunition Plant.[40]

Jimmy Styks

Kyle Reeves and Jeremy Wilkens founded Jimmy Styks in 2009 in Huntington Beach, California. In July 2015, Vista Outdoor announced its intent to purchase Jimmy Styks for $40 million upfront with additional payments to the founders, who are staying with the company, triggered by meeting financial targets over the next three years. Jimmy Styks makes stand-up paddleboards and accessories. Vista Outdoor will integrate Jimmy Styks into its outdoor products division. This purchase price was a multiple of about 5.5 times the expected 2015 calendar year EBITDA.[41]

In January 2016, Vista Outdoor announced that it would use its relationships with retailers to expand the number of stores that offer Jimmy Styks products.[42]

Alliant Powder

Vista Outdoor's Alliant Powder division makes smokeless gunpowder.[43]

List of brands

Outdoor products

  • Bee Stinger
  • Bell Sports
  • Blackburn
  • Bushnell
  • CamelBak
  • Camp Chef
  • CoPilot
  • Final Approach
  • Giro
  • Gold Tip
  • Jimmy Styks
  • Krash
  • Millett
  • Night Optics
  • Primos Hunting
  • Raskullz
  • Simmons Optics
  • Tasco
  • Weaver Optics

Shooting sports

  • Alliant Powder
  • American Eagle
  • Blackhawk!
  • Blazer Ammunition
  • Butler Creek
  • CCI
  • Champion
  • Eagle Industries
  • Estate Cartridge
  • Federal Premium
  • Force on Force
  • Gunmate
  • Gunslick Pro
  • Hoppe's 9
  • Independence Ammo
  • M-Pro 7
  • Outers
  • RCBS
  • Remington
  • Speer Ammo
  • Speer Bullets
  • Uncle Mike's

Leadership

Christopher Metz

Metz was named CEO of Vista Outdoor on October 9, 2017. He is responsible for Vista Outdoor's and its subsidiaries' daily operations. Metz is also a managing partner at Kellwood Company. He served as the CEO and president of Arctic Cat from 2014 to 2017. Metz was the Managing Director of Sun Capital Partners from 2005 until 2014. Metz worked for Black & Decker from 1992 until 2005, where he held numerous positions in senior management. Metz holds an undergraduate degree from the University of Delaware and an MBA from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.[44]

Vista Outdoor's debt was over $1 billion when Metz was hired in 2017. As of December 2019, that debt has been reduced to $562 million. A large portion of this debt reduction is attributable to selling Savage Arms and other subsidiaries. Metz moved Vista Outdoor's headquarters back to Minnesota to cut costs but also to take advantage of what it sees as a favorable business environment in Minnesota.[13]

Mark W. DeYoung

Mark W. DeYoung was Vista Outdoor's first chairman and CEO. DeYoung retired from Vista Outdoor in July 2017. Independent board member Michael Callahan was acting as interim CEO and chairman as of the same date.[45]

Before heading Vista Outdoor, DeYoung was president and CEO of Alliant Techsystems (ATK) from 2010 to 2015. During his tenure, ATK completed acquisitions of Savage Arms and Bushnell. In 2015, DeYoung led the transaction that spun-off ATK's sporting goods business to create Vista Outdoor and merged ATK's aerospace and defense units with Orbital Sciences forming Orbital ATK. DeYoung previously headed ATK's Armament Systems group, the company's largest business. Under DeYoung, this unit expanded into new markets and increased its revenue from $600 million in fiscal year 2003 to $2.1 billion in fiscal year 2010.[34][46][47][48]

DeYoung started his career with Hercules Aerospace in Salt Lake City, Utah, in 1985. He held numerous management positions at Hercules in its solid rocket motor and composite structures businesses. After ATK acquired Hercules in 1995, DeYoung continued to advance and held roles in finance, operations, composite structures, human resources, and munitions. DeYoung earned an undergraduate degree in business at Weber State University, in Ogden, Utah. He holds an MBA from Westminster College in Salt Lake City, Utah where he taught management and finance and was named "Adjunct Professor of the Year." DeYoung is also a member of Orbital ATK's board of directors.[47][49]

Under DeYoung, Vista Outdoor took on about $1 billion of debt to finance a series of acquisitions. Many of the companies that were acquired started encountering problems after post-acquisition departures of their founders and senior executives.[13]

Operations

Vista Outdoor has about 5,800 employees worldwide, with 4,000 in the United States. The company has manufacturing and support facilities spread over 11 American. states, Puerto Rico, Mexico, and Canada. It has overseas sales and sourcing operations in Mexico, Canada, Europe, Australia, New Zealand, and Asia.[5][50] For example, 1,200 of Vista Outdoor's employees staff an ammunition factory in Lewiston, Idaho.[51]

In June 2015, Vista announced that it would build its new corporate headquarters at Station Park in Farmington City, Utah. As of June 2015, construction was expected to begin during the summer of the same year, with completion expected in the middle of 2016. Station Park is a mixed-use development next to a commuter rail station.[52]

The company’s headquarters were moved to Utah after they applied for and received targeted tax credits from the Utah state government. In its application, Vista Outdoor said it would invest about $10 million in a new facility where about 90 highly-paid employees would work. Counting medical benefits, these employees would be paid about $125 million over seven years. Utah economic development officials expected about $6.7 million in new tax revenue from the project over this period.[53]

In January 2016, Vista opened a factory in American Fork, Utah to manufacture Gold Tip and Bee Stinger archery products.[54] The new factory is significantly larger than the facility it replaced. The additional space is used for research and development, improved production processes, and better employee amenities.[55]

Vista opened a $35-million ammunition plant in Lewiston, Idaho, in 2017. As of February 2019, Vista employed about 1,135 people in Lewiston. Employment at Vista's Lewiston factory peaked at 1,500 in 2016. Since then, Vista has been reducing its headcount to save costs. This is necessary due to the sharp drop in ammunition sales that followed the election of President Donald Trump. In January 2019, the company asked workers to volunteer for early retirement, but only 20 workers in Lewiston accepted Vista's offer.[56][57]

In November 2018, Vista closed its corporate headquarters in Farmington, Utah in order to reduce costs.[1] Vista Outdoor relocated its headquarters to Anoka, Minnesota, near its ammunition factory there.[58]

In 2020, Vista Outdoor acquired an ammunition plant from Remington in Lanoke, Arkansas. This plant was built in 1969. It is one of the town's largest employers. Remington remains a separate brand and business.[59]

2018 boycott

As part of the 2018 NRA boycott, activists asked retailers to stop sales of Vista Outdoor products due to its support of the National Rifle Association and manufacturing of assault weapons.[60] Within days, bicycle retailers in Oregon stopped selling all Vista Outdoor products. Some cancelled orders or returned stock.[61][62][63][64][65]

Mountain Equipment Co-op (MEC), with 22 stores across Canada, was pressured by their members to stop selling Vista Outdoor products because it supports the NRA. MEC carries camping and bike gear from Vista Outdoor. MEC stopped orders from Vista Outdoor.[66][64][67][68][25]

Recreational Equipment, Inc. (REI) stopped ordering Vista Outdoor products due to Vista's lack of action on reducing gun violence.[69][64][70][71][72][73]REI lifted its ban on Vista Outdoor products and started carrying them again in September of 2019. REI is one of Vista Outdoor's largest customers.[74]

Running Room, a 122-store Canadian chain, canceled pending orders and stopped buying CamelBak products but sold remaining stock. They cited customer support for dropping the brand and said their health and fitness focus was incompatible with guns.[75][76][77]

References

  1. ^ a b Williams, Elaine (11 November 2018). "Vista Outdoor exiting well-appointed Utah hub". The Lewiston Tribune. Retrieved 21 November 2018.
  2. ^ "Egdar Search Results". SEC. United States Government. Retrieved 29 November 2018.
  3. ^ https://www.macrotrends.net/stocks/charts/VSTO/vista-outdoor/revenue
  4. ^ "Vista Outdoor Emerges as Biggest Outdoor Products Company". www.americanrifleman.org. Retrieved 2020-06-10.
  5. ^ a b c Clabaugh, Jeff (9 February 2015). "Orbital, ATK complete aerospace merger". Washington Business Journal. Retrieved 10 February 2015.
  6. ^ a b c Lange, Chris (5 December 2014). "Alliant Tech and Orbital Sciences Heading in the Right Direction". 24/7 Wall St. New York, New York. Retrieved 10 February 2015.
  7. ^ Regenold, Stephen (5 March 2014). "Hunting Gear To Snowsports... New Company (Vista Outdoor) Among World's Largest". Gear Junkie. Retrieved 6 March 2015.
  8. ^ Touryalai, Halah. "Panic At The Gun Shop: Coronavirus Fears Cause A Run On Ammo And Firearms". Forbes. Retrieved 2020-06-10.
  9. ^ a b c DePass, Dee (26 December 2014). "Alliant Techsystems to name sporting spinoff Vista Outdoor". StarTribune. Minneapolis, Minnesota.
  10. ^ Wilkers, Ross (27 January 2015). "David Thompson: Orbital, ATK Set Feb. 9 Date to Close A&D Merger and Outdoor Group Spinoff". GovCon Wire. Washington, DC. Retrieved 30 January 2015.
  11. ^ Depass, Dee Dee (9 February 2015). "Alliant spinoff, merger completed". StarTribune. Minneapolis, Minnesota.
  12. ^ Lee, Jackson (13 January 2015). "3 Top Defense Stocks That May Benefit From New Congress". 24/7 Wall St. New York, New York. Retrieved 10 February 2015.
  13. ^ a b c d Kennedy, Patrick (2 December 2019). "You may not know Anoka company Vista Outdoor, but you know its brands". Star Tribune. Star Tribune Media Company, LLC. Retrieved 13 December 2019.
  14. ^ a b Erin, Griffin (25 February 2016). "BRG Sports Reaches Agreement to Sell Action Sports Business to Vista Outdoor for $400 Million in Cash Plus an Earn-out". Yahoo News. Archived from the original on 2016-03-09. Retrieved 5 June 2015.
  15. ^ Thomsen, Jacqueline (2018-05-01). "Vista Outdoor to stop manufacturing guns". TheHill. Retrieved 2020-06-10.
  16. ^ "Vista Outdoor to get rid of firearms business". New Zealand Herald. New Zealand. 2 May 2018. Archived from the original on 10 May 2018. Retrieved 9 May 2018.
  17. ^ Siler, Wes (1 May 2018). "Vista Outdoor to Stop Making Guns". Outside Online. United States. Retrieved 10 May 2018.
  18. ^ Cameron, Doug; Lombardo, Caro (2 May 2018). "Vista Outdoor to Halt Firearm Production". Wall Street Journal. New York.
  19. ^ Bevilacqua, Matt (2 May 2018). "After Backlash, Vista Outdoor to Stop Selling Guns and Cycling Gear". Bicycling. United States. Retrieved 10 May 2018.
  20. ^ "Vista Shifts Focus to 'Core' Businesses". Inside Outdoor. United States. 1 May 2018. Retrieved 10 May 2018.
  21. ^ Frothingham, Stephen (1 May 2018). "Vista Outdoor to sell Bell, Giro and Blackburn, along with firearms brands". Bicycle Retailer. United States. Retrieved 18 May 2018.
  22. ^ "Vista Outdoor Inc. Announces Restructuring, Plans to Sell Bollé, Serengeti and Cébé Brands". Vision Monday. United States. 13 November 2017. Retrieved 18 May 2018.
  23. ^ (Press release). Vista Outdoor. Cision PR Newswire. 9 July 2018 https://www.prnewswire.com/news-releases/vista-outdoor-announces-sale-of-bolle-cebe-and-serengeti-brands-300677446.html. Retrieved 2018-07-11. {{cite press release}}: Missing or empty |title= (help)
  24. ^ Kinney, Kinney (17 July 2019). "Savage Arms bought by management-led investors for $170 million; company employs about 300 in Westfield". The Republican. MassLive LLC. Retrieved 24 July 2019.
  25. ^ a b McCoy, Sean (9 July 2019). "REI Will Do Business With Vista Outdoor After Sale of Savage, Stevens". Gear Junkie. Retrieved 24 July 2019.
  26. ^ {Cite news|url=https://www.reuters.com/article/us-vista-outdoor-remington-outdoor/vista-outdoor-to-buy-gunmaker-remingtons-ammunition-business-idUSKBN26J1QU%7Ctitle=Vista Outdoor to buy bankrupt gunmaker Remington's ammunition business|date=2020-09-28|access-date=2020-09-28}}
  27. ^ Williams, Elaine (4 October 2020). "Vista Outdoor acquires Remington plant". The Lewiston Tribune. Retrieved 2 November 2020.
  28. ^ Smith, Rich. "Why Vista Outdoor Inc. Stock Crashed 26% Today". Fox Business. Retrieved January 12, 2017.
  29. ^ "VSTO Annual Income Statement". Market Watch. Market Watch. Retrieved 9 May 2018.
  30. ^ "Vista Outdoor Announces Strategic Business Transformation Plan". AmmoLand. United States. 1 May 2018. Retrieved 10 May 2018.
  31. ^ Barker, Eric (9 August 2019). "Vista Outdoor's stock sinks after earnings report". The Lewiston Tribune. Retrieved 28 August 2019.
  32. ^ Williams, Elaine (7 August 2020). "Outlook suddenly turns sunny for Vista Outdoor". The Lewiston Tribune. Lewiston Morning Tribune. Retrieved 26 August 2020.
  33. ^ Miniter, Frank (23 March 2016). "How A Recent Spin Off Has Become A Company To Watch". Forbes. Retrieved 11 May 2016.
  34. ^ a b Dornbrook, James (9 February 2015). "ATK spinoff affects KC workers at Bushnell, Lake City Ammo Plant". Kansas City Business Journal. Kansas City, Missouri. Retrieved 10 February 2015.
  35. ^ Dornbrook, James (5 September 2013). "ATK acquires Bushnell for $985M". Kansas City Business Journal. Kansas City, Missouri. Retrieved 10 February 2015.
  36. ^ "CCI's Eric Graufffel World IPSC Champion". AmmoLand.com. 27 April 2011. Retrieved 6 March 2015.
  37. ^ "So, Really, Where is the .22 Rimfire Ammo?". The American Rifleman. Fairfax, Virginia. 11 August 2014. Retrieved 6 March 2015.
  38. ^ Nale, Mark (21 June 2014). "Seeking answers to why rimfire ammunition is so hard to find". Centre Daily. State College, Pennsylvania. Retrieved 6 March 2015.
  39. ^ Carter, Aaron (January 2011). "Managing Editor". American Rifleman.[full citation needed]
  40. ^ Smith, Christen (26 January 2018). "Vista Outdoor extends deal to keep Federal Premium at Lake City Army ammo plant". Guns.com. Retrieved 13 July 2018.
  41. ^ "Vista Outdoor Acquires Jimmy Styks". Entertainment Close-up. United States. 27 July 2015.
  42. ^ "VISTA OUTDOORS INC. TO OPEN NEW DOORS FOR JIMMY STYKS" (PDF). Sports Executive Weekly (WEEK 1603): 5. 18 January 2016.
  43. ^ Tares, Scot (27 February 2020). "Guided missiles, fishing reels and mattresses – the strange and diverse world of cycling brands". The Courier. Retrieved 27 February 2020.
  44. ^ "Christopher T. Metz". Bloomberg. United States. 9 May 2018. Retrieved 9 May 2018.
  45. ^ Staff, Brain. "Mark DeYoung steps down as CEO of Vista Outdoor". Bicycle Retailer. Retrieved 9 August 2017.
  46. ^ "Mark Deyoung". Forbes. New York, New York. Retrieved 10 February 2015.
  47. ^ a b "Utah native Mark W. DeYoung appointed CEO of Alliant Techsystems". Deseret News. Utah. 5 February 2010. Retrieved 10 February 2015.
  48. ^ Witkowski, Wallace (10 July 2017). "Vista Outdoors shares rise as chairman, CEO retires". MarketWatch. Retrieved 8 August 2017.
  49. ^ Koritz, Alex (1 December 2008). "Mark DeYoung". Utah Business. Utah. Archived from the original on 10 February 2015. Retrieved 10 February 2015.
  50. ^ Gorrell, Mike (13 November 2014). "Vista Outdoor HQ is coming to Utah". Salt Lake Tribune. Salt Lake City, Utah. Retrieved 30 January 2015.
  51. ^ Miragilo, Sophie (12 February 2015). "Future is exciting for Vista Outdoor formerly known as ATK". KLEWTV.com. Lewiston, Idaho. Retrieved 5 March 2015.
  52. ^ Lopez, Jesus (5 June 2015). "Vista Outdoor picks Station Park for HQ". Standard Examiner. Ogden, Utah. Retrieved 5 June 2015.
  53. ^ "ATK SELECTS UTAH AS HOME BASE FOR PROPOSED SPIN-OFF COMPANY, VISTA OUTDOOR". Utah Governor’s Office of Economic Development. 13 November 2014. Retrieved 12 April 2015.
  54. ^ "Gold Tip/Bee Stinger Facility Opens in American Fork". Daily Herald. Provo, Utah. 13 January 2016.
  55. ^ "Arrow-Maker Gold Tip Opens New Utah Facility". The Outdoor Wire. 8 February 2016. Retrieved 11 May 2016.
  56. ^ Williams, Elaine (10 August 2018). "Vista Outdoor reports $52.3 million first-quarter loss". The Lewiston Tribune. Retrieved 10 August 2018.
  57. ^ Williams, Elaine (22 February 2019). "Vista Outdoor looks to save money". The Lewiston Tribune. Retrieved 15 March 2019.
  58. ^ Mark, Reilly (18 June 2019). "Vista Outdoor quietly moves headquarters to Minnesota". Minneapolis/St. Paul Business Journal. Retrieved 24 July 2019.
  59. ^ Kennedy, Patrick (25 November 2020). "Purchase of Remington ammunition already has meant hiring, manufacturing boost for Anoka's Vista". Star Tribune. Retrieved 22 December 2020.
  60. ^ https://nytimes.com/2018/02/27/business/nra-boycotts.html "Those brands are owned by Vista Outdoor, which also makes guns and ammunition."
  61. ^ http://www.bicycleretailer.com/industry-news/2018/02/26/bell-giro-camelbak-blackburn-face-backlash-parent-company’s-affiliation-nra#.WpYUinB6rv4
  62. ^ KOIN 6 (23 February 2018). "Local bike shops boycott company with NRA ties". Retrieved 2 March 2018 – via YouTube.{{cite web}}: CS1 maint: numeric names: authors list (link)
  63. ^ https://www.bikebiz.com/.amp/news/anti-gun-bike-brand-boycott The same company that manufactures your CoPilot rear-rack child bicycle safety seat also produces the SavageArms MSR 15 Patrol assault rifle"
  64. ^ a b c Flynn, Meagan (March 2, 2018). "NRA boycott: REI, Mountain Equipment Co-Op, stop selling major outdoor brand with NRA ties". Washington Post. Retrieved March 2, 2018.
  65. ^ Gintzler, Ariella (28 February 2018). "Consumers Ask REI to Stop Selling Vista Outdoor Brands". Retrieved 2 March 2018.
  66. ^ "Mountain Equipment Co-Op severs ties with gun manufacturer, will stop selling Camel bak, Bushnell and other products". 1 March 2018. Retrieved 2 March 2018.
  67. ^ "MEC to stop selling gun-maker Vista Outdoor brands after outcry over Florida shooting". Financial Post. 2018-03-01. Retrieved 2018-03-01.
  68. ^ "Consumers pressure MEC to drop outdoor brands owned by U.S. gun manufacturer". CBC News. Retrieved 2018-03-01.
  69. ^ "REI statement on relationship with Vista Outdoor". REI Newsroom. Retrieved 2018-05-13. We believe that it is the job of companies that manufacture and sell guns and ammunition to work towards common sense solutions that prevent the type of violence that happened in Florida last month. ... we learned that Vista does not plan to make a public statement that outlines a clear plan of action
  70. ^ Wiener-Bronner, Danielle. "REI halts orders from Vista Outdoor over its response to Parkland shooting". Retrieved 2 March 2018.
  71. ^ "REI cuts off key supplier over refusal to take action on guns". Retrieved 2 March 2018.
  72. ^ Woelfel, Joseph (2 March 2018). "Stocks Slump, Steel Tariffs, Vista Outdoor and Equifax - 5 Things You Must Know". Retrieved 2 March 2018.
  73. ^ Hirsch, Lauren (2 March 2018). "Outdoor retailer temporarily halts sale of products made by gun maker Vista Outdoor". Retrieved 2 March 2018.
  74. ^ Smith, Eric (10 September 2019). "CamelBak Lands First REI Contract After Vista's Firearms Exit". SGB Media. Retrieved 22 September 2020.
  75. ^ "Running Room dumps CamelBak products due to weapons ties - Canadian Running Magazine". Canadian Running Magazine. 2018-03-01. Retrieved 2018-03-03.
  76. ^ "Running Room to let CamelBak supply dry up". ca.news.yahoo.com.
  77. ^ Givetash, Linda (1 March 2018). "Retailer MEC to stop ordering from Vista Outdoor in response to Florida shooting".
  • Official website
  • Business data for Vista Outdoor Inc.:
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Vista_Outdoor&oldid=995698924"