---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015255"
form_type: "8-K"
ticker: null
cik: "0001616318"
company_name: "Vista Outdoor Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:07:12.626064+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vista Outdoor Q4 net loss $294M, FY23 net loss $10M; $374M impairment; guides FY24 sales $2.85-2.95B

## Summary
- FY23 sales $3.1B (flat YoY), net loss $10M vs net income $372M prior year; includes $374M non-cash impairment in Q4.
- Q4 sales $741M (-8% YoY); Outdoor Products $327M (-5%), Sporting Products $413M (-11%); Q4 adjusted EBITDA $120M (-34%).
- FY23 adjusted EBITDA $622M (-16%), adjusted EPS $6.40 vs $8.29; cash from operations $486M, adjusted free cash flow $493M.
- FY24 guidance: sales $2.85-2.95B, EBITDA margin 17.75-18.75%, EPS $4.50-5.00, free cash flow $290-340M.
- Board amended bylaws to adopt universal proxy rules and separate Chairman/CEO roles; separation on track for calendar 2023.

## SEC filing metadata
- accession: 0001628280-23-015255
- form_type: 8-K
- cik: 0001616318
- company_name: Vista Outdoor Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616318/000162828023015255/0001628280-23-015255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616318/000162828023015255/vsto-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015255
- JSON: https://secwatch.observer/filing/0001628280-23-015255.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015255.txt

## Key facts
- Earnings Releases
  Vista Outdoor Inc. reported financial results for the fiscal quarter and fiscal year ended March 31, 2023.
  - Period: the fiscal quarter and fiscal year ended March 31, 2023
  - Result: reported results
  source text: On May 3, 2023, Vista Outdoor Inc. (Vista Outdoor) issued a press release reporting its financial results for the fiscal quarter and fiscal year ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616318/000162828023015255/0001628280-23-015255-index.htm
- Governance Changes
  Vista Outdoor Inc.: Amended and restated bylaws to address universal proxy rules, stockholder nomination requirements, and separate Board Chairman and CEO roles (effective 2023-05-02).
  - Change: bylaw amendment
  - Effective: 2023-05-02
  source text: On May 2, 2023, the board of directors of Vista Outdoor Inc. (the “Company”) amended and restated the Company’s Bylaws in order to (i) address the universal proxy rules recently adopted by the U.S. Securities and Exchange Commission, by clarifying that no person may solicit proxies in support of a director nominee other than the Board’s nominees unless such person has complied with Rule 14a-19 under the Securities Exchange Act of 1934, as amended, including applicable notice and solicitation requirements, (ii) require certain additional information from stockholders seeking to nominate persons for election to the board of directors or to present other business for consideration at a meeting of stockholders and updates to such information if necessary, and (iii) to make certain other procedural changes consistent with recent changes to the Delaware General Corporation Law.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616318/000162828023015255/0001628280-23-015255-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.