Vista Outdoor Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months December 28, 2014; Reports Goodwill/Trade Name Impairment Charges for the Third Quarter Ended December 28, 2014
For the nine months, net sales were $1,598.03 million compared to $1,308.75 million for the same period last year. Income before income taxes was $120.14 million compared to $140.46 million a year ago. Net income was $63.62 million compared to net income of $85.33 million a year ago. Capital expenditures were $30.63 million compared to $21.95 million a year ago. Cash provided by operating activities was $79.17 million compared to $46.40 million a year ago.
During the third quarter, the company recorded a $52 million ($48 million, net of tax) non-cash, goodwill/trade name impairment charge associated with the Savage acquisition with only partial tax benefits.