m_and_a
confidence high
sentiment neutral
materiality 0.60
Outdoor Holding posts pro forma after $75M ammunition unit sale to Olin; cash up $42.9M
Outdoor Holding Co
- Sale of ammunition manufacturing business to Olin Winchester closed Apr 18, 2025 for $75M gross; pro forma cash increased $42.9M to $74.9M as of Dec 31, 2024
- Pro forma net loss attributable to common: nine months Dec 2024 $36.8M vs reported $55.7M; FY2024 $17.0M vs $19.7M
- Remaining business is only Marketplace revenue ($36.8M for nine months Dec 2024; $53.9M for FY2024)
- Transaction costs and bonuses of $4.5M accrued; $11.4M used to repay construction note on sold Manitowoc facility
- Ammunition business to be reported as discontinued operations beginning Q4 2025
item 9.01