Exhibit 99.1

  
 
News Release
Corporate Communications
938 University Park Boulevard, Suite 200
Clearfield, UT 84015

Phone:  801-779-4600

 
For Immediate Release
 
 
 
Media Contact:
Investor Contact:
 
 
Amanda Covington
Michael Pici
Phone: 801-779-4625
Phone: 801-779-4614
E-mail: media.relations@vistaoutdoor.com
E-mail: investor.relations@vistaoutdoor.com
 
Vista Outdoor Reports FY15 Full-Year and Fourth Quarter Operating Results

Vista Outdoor Establishes FY16 Financial Guidance

Clearfield, Utah, May 14, 2015 —
Vista Outdoor Inc. (NYSE: VSTO) today reported operating results for Fiscal Year 2015 (FY15) and the fourth quarter, both of which ended on March 31, 2015

"In the fourth quarter, Vista Outdoor successfully spun off from ATK, resulting in a new publicly traded company with a strong
balance sheet, a seasoned leadership team, and a powerful and unique portfolio of more than 30 widely recognized brands," said
Vista Outdoor Chairman and Chief Executive Officer Mark DeYoung. "The company delivered results for the full year and the
fourth quarter in line with our expectations and reflective of continued softness in the shooting sports market. Our financial results also reflect the spin-off of Vista Outdoor from ATK, incremental standalone company costs, stock-based compensation charges, and transaction-related expenses. We are making key strategic investments in FY16 related to our marketing, product development, sales, IT, sourcing and the consolidation of some warehousing facilities. These investments will position Vista Outdoor to deliver future enhanced performance, growth and long-term value creation.”

For the fiscal year ended March 31, 2015:
Sales were $2.08 billion, up 11 percent from the prior year;
Gross profit was $529 million, up 13 percent from the prior year;
Operating profit was $184 million, down 21 percent compared to $234 million in the prior year, as a result of a third quarter goodwill/trade name impairment charge and costs related to the spin-off transaction;
Fully diluted earnings per share (EPS) were $1.25, compared to $2.09 in the prior year;
Free cash flow was $160 million, compared to $159 million in the prior year;
Pro forma organic sales were down 9 percent from $2.28 billion in the prior year. Pro forma organic sales were calculated by combining prior-year results with the standalone results of Bushnell and Savage prior to the company’s acquisition of these businesses;
Adjusted operating profit was $262 million, down 3 percent from the prior year;
Adjusted fully diluted EPS was $2.35, down from $2.47 in the prior year.


For the fourth quarter ended March 31, 2015:
Sales were $485 million, down 14 percent from the prior-year quarter;
Gross profit was $123 million, down 22 percent from the prior-year quarter;
Operating profit was $39 million, down 55 percent from the prior-year quarter, as a result of reduced sales and costs related to the spin-off transaction. Reduced sales were largely caused by lower unit volume and a previously disclosed mid-2014 price reduction in .223/5.56 ammunition;
Fully diluted EPS was $0.25, compared to $0.75 in the prior-year quarter;
Adjusted operating profit was $51 million, down 47 percent from the prior-year quarter;
Adjusted fully diluted EPS was $0.47, compared to $0.85 in the prior-year quarter;

1

The following information was filed by Vista Outdoor Inc. (VSTO) on Thursday, May 14, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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