Vista Outdoor Inc. reported unaudited earnings results for the third quarter and nine months December 28, 2014. For the quarter, net sales were $506.88 million compared to $524.23 million for the same period last year. Income before income taxes was $3.04 million compared to $56.16 million a year ago. Net loss was $11.17 million compared to net income of $33.37 million a year ago. Adjusted EBIT was $66.21 million compared to $74.54 million a year ago.

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.