Vista Outdoor reports Q3 adjusted EPS $1.30, consensus $1.11

Reports Q3 revenue $755M, consensus $753.73M. "Our business is operating from a position of strength," said interim CEO Gary McArthur. "We’ve built a resilient operating model with strong brands, shared resources, leadership expertise and a clean balance sheet that allows us to achieve levels of performance out of reach for any one brand on its own. In the past two years, we have closed and successfully integrated eight acquisitions that have increased our total addressable market, broadened and deepened our platforms, and further diversified our leading brand portfolio. We have 12 power brands that generate more than $100M in annual revenue, and our net leverage ratio is a healthy 1.7x, right in line with our long-term target. This execution is a result of a dedicated and resilient team and demonstrates that we are well-positioned compared to where the business was only a few years ago. Our long-term outlook is encouraging despite current conditions. Macroeconomic pressures continue to impact consumer purchasing and retailer inventory levels remain high. We are seeing positive signs emerging as consumer demand remains strong and retailers are expected to return to more normalized purchasing. We are bullish on the $862B outdoor industry and the influx of new users trying – and sticking with – outdoor recreation."