Fri, Jun 28, 9:05 PM (71 days ago)
Revelyst, Inc. filed its annual report for the fiscal year ending March 31, 2024. The company, formed to separate from Vista Outdoor, operates through three segments: Revelyst Adventure Sports, Revelyst Outdoor Performance, and Revelyst Precision Sports Technology. Key financial highlights include: - **Revenue**: Total revenue for FY 2024 was derived from the three segments, with Adventure Sports contributing 46%, Outdoor Performance 36%, and Precision Sports Technology 18%. - **Net Income**: Specific net income figures were not disclosed in the provided text. - **Operating Expenses**: Allocated expenses from Vista Outdoor amounted to $72,323 for FY 2024. - **Earnings Per Share**: Not specified in the provided text. - **Strategic Overview**: Revelyst focuses on leveraging its iconic brands, enhancing operational efficiencies through the GEAR Up program, and expanding its global footprint. - **Future Outlook**: The company aims to complete its separation from Vista Outdoor and focus on growth through strategic acquisitions and operational efficiencies. - **Risk Factors**: Includes economic conditions, supply chain disruptions, competition, and cybersecurity threats. - **Financial Condition**: The company is preparing to operate independently, with plans to list on the NYSE under the ticker "GEAR". The report also detailed amendments to the merger agreement, increasing the purchase price and cash consideration per share.