secwatch.observer — SEC 8-K summary
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Issuer:     Vista Outdoor Inc. (—)
CIK:        0001616318
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001628280-23-015255
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616318/000162828023015255/0001628280-23-015255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616318/000162828023015255/vsto-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015255

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