Vista Outdoor Inc. (NYSE:VSTO) Q1 2023 Earnings Conference Call July 28, 2022 9:00 AM ET
Company Participants
Shelly Hubbard - Vice President of Investor Relations
Chris Metz - Chief Executive Officer
Jason Vanderbrink - President, Sporting Products
Sudhanshu Priyadarshi - Senior Vice President and Chief Financial Officer
Conference Call Participants
Eric Wold - B. Riley
Scott Stember - MKM partners
Matt Koranda - ROTH Capital
Ryan Sundby - William Blair
Mark Smith - Lake Street Capital Markets
Jim Chartier - Monness Crespi Hardt
Operator
Good morning, and welcome to today's First Quarter Fiscal Year 2023 Vista earnings conference call. My name is Candice and I will be your moderator for today's call. All lines have been placed on mute during the presentation portion of the call with an opportunity for question and answer at the end [Operator Instructions]. I would now like to pass the conference over to our host Shelly Hubbard to begin.
Shelly Hubbard
Thank you, operator and good morning, to everyone joining us for our first quarter fiscal year 2023 earnings call. With me this morning is Chris Metz, Vista Outdoor’s Chief Executive Officer; Jason Vanderbrink, President, Sporting Products; and Sudhanshu Priyadarshi, Senior Vice President and Chief Financial Officer. Before we begin, I'd like to remind everyone that during today's call, we will be making several forward looking statements and we make these statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act. These forward looking statements reflect our best estimates and assumptions based on our understanding of the information known to us today. These forward looking statements are subject to the risks and uncertainties that face Vista Outdoor and the industries in which we operate. We encourage you to review today's press release and Vista Outdoor’s SEC filings for more information on these risk factors and uncertainties. Please note that we have posted presentation materials on our Web site at investors.vistaoutdoor.com, which supplement our comments this morning, and include a reconciliation of non-GAAP financial measures.
Chris, I'll turn it over to you.
Chris Metz
Thank you, Shelly. Good morning, everyone and welcome. Today, I will cover five key topics, which address why we are confident about our future despite current macroeconomic headwinds. These include our strong quarter one earnings performance, our planned acquisitions of Fox Racing and Simms Fishing, trends we are seeing across the marketplace and our businesses, strong growth from product innovations and lastly, an update on our planned separation. Let's start with our first quarter performance. Fiscal 2023 is off to a great start with a strong Q1. We out executed our plan and long term targets and invested free cash flow in future returns, while maintaining a strong balance sheet with ample liquidity, and doing so in a challenging macroeconomic environment.