Galco also offers women’s holster handbags, day planners and ammo carriers for the SAR9!
With holsters in every price range and multiple carry methods, Galco can help outfit owners of the SAR9 with the highest-quality American-made holsters and accessories. Visit Galco’s website today and see the complete line!
And if you carry something different, take a close look at the company’s Jak Slide 2.0, which was introduced in January.
Federal PremiumTerminal Ascent component bullets deliver unprecedented performance for hunters who handload. The bullets’ bonded construction fuels deep penetration on close targets, while the patented Slipstream polymer tip initiates expansion on long-range targets. The bullets’ long, sleek profile offers an extremely high ballistic coefficient (BC), and its AccuChannel groove technology improves accuracy and minimizes drag. Now available in a full selection bullet weights and diameters for handloading the most popular long-range cartridges. Shipments of this product have begun to arrive at dealers.
Terminal Ascent’s solid copper shank and bonded lead core retain weight for deep penetration and energy dump, delivering extremely effective wound channels and terminal performance. A large hollow cavity in the bullet nose, along with exterior jacket skiving, further aid expansion and penetration. Serrations allow petals to peel back on contact at velocities as low as 1,400 fps—speeds typically seen 1,200 yards downrange in the 200-grain 30-caliber loads.
“Terminal Ascent features grooving along the shank to improve accuracy across a range of rifles, while decreasing barrel wear and fouling,” said Federal Centerfire Product Director Mike Holm. “However, unlike conventional grooving, the AccuChannel’s highly technical shape accomplishes these goals with only a minimal increase in drag. No other bullet has this grooving technology.”
The bullet’s Slipstream Tip features patent-pending hollow-core technology. A small cavity runs the length of the shank all the way up to just below the point itself. That point breaks free upon impact, allowing fluid to enter the hollow core, where it generates pressure and easy expansion, even at low velocities. The Slipstream Tip’s hollow core sets it apart from all other polymer tips on the market—but it’s also unique in its high resistance to the elevated temperatures a bullet experiences during flight.
“In addition to the AccuChannel and Slipstream Tip, our engineers incorporated other important features to boost BC, delivering flat trajectories and less wind drift,” said Holm. “The result of all these design elements is both close-range and long-range terminal performance with both accuracy and reliability. And with that ability to expand at the lowest velocity of 1,400 fps, the bullet is sure to be a hit with shooters using shorter-barrel rifles or hunting handguns.”
Federal ammunition can be found at dealers nationwide or purchased online direct from Federal. For more information on all products from Federal or to shop online, visit www.federalpremium.com.
Vista Outdoor Inc. on Friday reported operating results for the fourth quarter and full Fiscal Year 2020, which ended on March 31, 2020, provided an update on its business operations and announced a realignment of its reporting segments to better reflect the Company’s strategic focus.
“Our results exceeded our expectations for the fourth quarter and full fiscal year,” said Chris Metz, Vista Outdoor Chief Executive Officer. “In this challenging environment brought on by the COVID-19 pandemic, we delivered strong financial performance, met our revenue expectations, and exceeded our expectations for adjusted EPS and free cash flow. Overall, the impact of the COVID-19 pandemic on our operations in the fourth quarter was minimal. We experienced stronger than expected demand in many of our categories, including commercial ammunition, bicycle helmets and accessories, and outdoor cooking. Looking forward, we believe that our stronger operating fundamentals, improved balance sheet and financial flexibility will help us respond to this uncertain environment and seize opportunities where they arise.”
“As many of our operations are designated as essential by the US government, the health and safety of our employees remains our first and foremost focus. I would like to thank every Vista Outdoor employee for their incredible efforts during these unprecedented times and for their commitment to a founder’s mentality and to Vista Outdoor’s mission to bring the world outside. Our teams have worked tirelessly to safeguard the health of our employees, support customer demand, and deliver on our strategic priorities. Vista Outdoor has deep experience navigating, adapting to and overcoming challenges,” said Metz.
Fiscal Year 2020 In the second quarter of FY20, Vista Outdoor completed the sale of its firearms business [Editor’s note: the company is Savage Arms] for $170 million. The completion of this divestiture was a critical step in the Company’s strategic portfolio reshaping and allowed the Company to further paydown debt and free up capital to invest in product categories where the Company believes it can be a market leader.
The Company modified its segment reporting to better reflect its strategic focus. The Company’s two new reportable segments are Shooting Sports and Outdoor Products. The Shooting Sports reporting segment consists of the Company’s Ammunition and Hunting and Shooting Accessories business units, which include the Company’s Federal, CCI, Speer ammunition brands, as well as Bushnell Optics, Primos, Bblackhawk and Eagle hunting and shooting-related brands, among others. The Outdoor Products reporting segment consists of the Company’s Action Sports and Outdoor Recreation business units, which include the Company’s Bell/Giro, CamelBak, Camp Chef and Bushnell Golf brands, among others. The Company’s reported fourth quarter and full year FY20 results reflect these two new reporting segments. To assist in the analysis and understanding of the new segment structure, the Company is providing selected recast financial data for the fourth quarter and full year of 2020, 2019 and 2018 in its earnings presentation slides, available on the Investor Relations section of the Company’s website, reflecting the new reporting segments. These changes have no impact on the Company’s previously reported consolidated balance sheet, statement of income, or cash flows.
For the fourth quarter ended March 31, 2020
Sales were $426 million, down 17 percent from the prior year quarter, or down 8 percent adjusted for the sale of the firearms business in the second quarter of fiscal year 2020. The decline in our organic business was due to a large international order in the prior year quarter, and lower sales in hydration and hunting and shooting accessories in the quarter.
Gross profit was $84.6 million, down 15 percent from the prior year quarter. Adjusted gross profit was $85.4 million, down 17 percent from the prior year quarter, or down 3 percent adjusted for the sale of firearms, due to lower volumes. The adjusted organic gross profit margin increased by 116 bps from the prior year quarter.
Operating expenses were $232 million, compared with $136 million in the prior year quarter. Adjusted operating expenses were $74 million, compared with $92 million in the prior year quarter, and down 12 percent adjusted for the sale of firearms, due to benefits from cost savings initiatives and lower overall selling costs.
Earnings before interest and taxes (EBIT) was $(147) million, compared with $(36) million in the prior year quarter. Adjusted EBIT was $11.1 million, or up 4 percent, compared with $10.7 million in the prior year quarter, and was up 237 percent on an organic basis adjusted for the sale of firearms, due to increased efficiency and cost savings initiatives.
Interest expense decreased to $7 million, compared with $11 million in the prior year quarter, due to overall lower debt balance, and overall lower interest rate.
Tax rate was 9 percent, compared with (3) percent in the prior year quarter. The tax variance is due to the impact of the nondeductible goodwill impairment charge and change in valuation allowance. The adjusted tax rate was (56) percent, compared with 170 percent in the prior year quarter. The adjusted tax variance is due to the release of uncertain tax positions in the current period and the impact of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Fully diluted earnings per share (EPS) was $(2.44), compared with $(0.84) in the prior year quarter, due to a goodwill and indefinite lived intangible asset impairment charges of $156 million recognized in the fourth quarter, and an impairment charge of $36 million on held for sale assets in the prior year quarter. Adjusted EPS was $0.11, compared with $0.01 in the prior year quarter, primarily due to a customer bankruptcy related write-off the Company recorded in the prior year quarter, the benefit of cost savings initiatives, and a favorable tax rate.
For the fourth quarter ended March 31, 2020 Operating Segment Results
Shooting Sports
Sales were $295 million, down 21 percent from the prior year quarter, or down 8 percent over the prior year quarter adjusted for the sale of firearms.
Gross profit was $54 million, down 17 percent from the prior year quarter, up 8 percent adjusted for the sale of firearms. The gross profit margin was 18 percent, a 70 bps increase compared with the prior year quarter, and was up 270 bps from the prior year quarter adjusted for the sale of firearms.
EBIT was $22 million, up 26 percent from the prior year quarter, and was up 116 percent from the prior year quarter adjusted for the sale of firearms.
Outdoor Products
Sales were $132 million, down 9 percent from the prior year quarter, due to continued lower demand across the segment for the majority of the quarter and headwinds in the retail channel as a result of COVID-19 related restrictions, partially offset by increased demand in bicycle helmets and accessories and outdoor cooking near the end of the quarter.
Gross profit was $32 million, down 16 percent from the prior year quarter. Gross profit margin was 24 percent, down 224 bps from the prior year quarter.
EBIT was $4 million, down 49 percent compared with the prior year quarter.
For the fiscal year ended March 31, 2020
Sales were $1.76 billion, down 15 percent from the prior fiscal year, and down 5 percent adjusted for divested businesses, due to a large international order in the prior year and lower demand for hunting and shooting accessories and in the Outdoor Products segment throughout the year.
Gross profit was $359 million, down 14 percent from the prior fiscal year. Adjusted gross profit was $360 million, compared with $432 million in the prior fiscal year, due to the sale of firearms, increased promotional activity and lower sales volumes in Outdoor Products. The adjusted organic gross profit margin increased by 62 bps compared to the prior fiscal year.
Operating expenses were $491 million, compared with $1.03 billion in the prior fiscal year. The decrease was due to goodwill, intangible and held for sale asset impairment charges of $621 million recognized in the prior fiscal year, and goodwill and indefinite lived intangibles asset impairment charges of $156 million recognized in the current fiscal year. Adjusted operating expenses were $314 million compared with $371 million in the prior fiscal year, or down 6 percent adjusted for the sale of firearms, due to benefits of cost savings initiatives and lower overall selling costs.
EBIT was $(132) million, compared with $(617) million from the prior fiscal year. Adjusted organic EBIT was $45 million, or up 41 percent, compared with $32 million from the prior fiscal year.
Interest expense was $39 million, compared with $57 million in the prior fiscal year. Adjusted interest expense was $35 million, or down 33 percent, compared to $51 million in the prior fiscal year, due to an overall lower average interest rate and lower debt balance.
Tax rate was 9 percent, compared with 4 percent in the prior fiscal year. The adjusted tax rate was (22) percent, compared with 14 percent in the prior fiscal year. The tax variance is due to the release of uncertain tax positions in the current period and the impact of the CARES Act.
EPS was $(2.68), compared with $(11.27) in the prior fiscal year. Adjusted EPS was $0.24, or up 71 percent, compared with $0.14 in the prior fiscal year, due to benefits from cost savings initiatives and a favorable tax rate.
Cash flow provided by operating activities was $77 million, compared to $97 million in the prior fiscal year. Free cash flow generation was $59 million, compared to $79 million in the prior fiscal year, due to overall improved cash management activities and net working capital efficiencies.
For the fiscal year ended March 31, 2020 Operating Segment Results
Shooting Sports
Sales were $1.19 billion, down 16 percent from the prior fiscal year, or down 5 percent over the prior fiscal year adjusted for the sale of firearms.
Gross profit was $211 million, down 16 percent from the prior fiscal year, up 1 percent adjusted for the sale of firearms. The gross profit margin was 18 percent, and was flat to the prior fiscal year, and was up 99 bps from the prior fiscal year adjusted for the sale of firearms.
EBIT was $80 million, or down 12 percent from the prior fiscal year, and was up 16 percent when compared with the prior year adjusted for the sale of firearms.
Outdoor Products
Sales were $567 million, down 13 percent from the prior fiscal year, and excluding the results from the Company’s eyewear business unit, which was divested in the second quarter of fiscal year 2019, sales were down 5 percent over the prior fiscal year.
Gross profit was $149 million, down 17 percent from the prior fiscal year, and down 5 percent excluding the results from eyewear. The gross profit margin was 26 percent, down 143 bps from the prior fiscal year, and was flat compared with the prior fiscal year, adjusted for the sale of eyewear.
EBIT was $30 million, down 14 percent from the prior fiscal year, and was up 5 percent adjusted for the sale of eyewear.
CrossBreed Holsters, manufacturer of premium handcrafted hybrid holsters since 2005, has updated their product listing to include fits to accommodate the new FN 503. The FN 503 is the company’s first single stack pistol designed as a compact, easy-carry, quick draw pistol with a 6 or 8-round magazine capacity.
Working with FN in the months ahead of the release, CrossBreed is proud to offer customers the following:
Hybrid MT2 Holster
SuperTuck
MiniTuck
The Reckoning
Freedom Carry
Appendix Carry
SnapSlide
DropSlide
SuperSlide
Modular Belly Band
Purse Defender
Small Purse Defender
Cargo Pocket Rocket
The Gideon Pocket Mag Carrier
OWB Mag Carrier
Tuckable IWB Magazine Carrier
Purse Defender Magazine Carrier
Last Ditch
Ohai Modular Holster
Bedside Backup
Pac Mat Holster
Mini Pac Mat Holster
Pac Mat Magazine Carrier
Ankle Holster
Quick Ship Bundle Packages
For more information on the FN 503 and to see comparisons, pictures, specifications, and more, visit the CBH Blog.
CrossBreed Holsters also has Limited Edition Kydex options on The Reckoning Holster available this month only. Customers can choose from holsters designed with HexCam Adirondack or Kryptek Highlander Kydex designs while supplies last.
For more information and specific model availability on The Reckoning or any products, visit CrossBreed Holsters website!
During the current COVID-19 pandemic there have been instances when purchasers have presented a driver’s license as their government issued photographic ID that expired during the declared emergency. In these instances, the customer typically cannot renew their driver’s license because their state’s department of motor vehicle (DMV) is not renewing or issuing driver’s licenses during the emergency. However, state officials have publicly declared that these driver’s licenses remain valid until a later date when the state will begin issuing and renewing licenses.
The question has come up whether in this situation the facially expired driver’s license can be accepted by the retailer. The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) actually provided relevant guidance on this issue in a June of 2010 ATF Newsletter, stating:
There has also been some confusion over whether an expired driver’s license can satisfy the [Gun Control Act] requirement. If the law of the State that issued the driver’s license provides that a driver’s license is valid after the expiration date, either for a certain period of time or for a certain category of persons, such as military personnel, then the license qualifies as a valid identification document for [Gun Control Act] purposes for that period of time or for that class of persons. This will not be a common occurrence. If you are not certain of the validity of an expired license in your State, we suggest you contact your State’s Department of Motor Vehicles. If you are still uncertain about the validity and acceptance of an expired license for [Gun Control Act] purposes, contact your local ATF office.”
If you encounter this situation, NSSF® recommends that you make a photocopy of your customer’s driver’s license and the supporting documentation from the state’s DMV website that documents that licenses expiring after the start of the declared emergency remain valid for a period of time (that should always include the date of the sale) and permanently attach them to the Form 4473. We also recommend that you contact your local ATF office for guidance. If you receive contrary guidance from ATF, please direct the IOI to the June of 2010 ATF Newsletter.
Expired Concealed Carry Permit – Please note, however, that an expired concealed carry permit will not qualify as Brady Alternate for purposes of a transfer, even if the state has said the permit is still valid for concealed carry during the COVID-19 emergency. This is because the Brady Act specifies that the permit must not have been issued more than five years earlier. 18 USC 922(t)(3); 27 CFR § 478.102(d). The customer can still purchase the firearm after a regular background check.
The compact Boker Plus Outdoorsman Mini was designed for full functionality and is perfect for careful disjointing and other delicate cutting tasks. The full tang, wide blade offers maximum stability, and is crafted of 12C27 steel. The handle is a durable synthetic, offering a secure and comfortable grip. The extended handle butt is shaped as a handy hammer plate and has drill holes that can be used to attach a lanyard. Includes a fitted Kydex sheath.
Rock River Arms, one of the industry’ most respected names in Modern Sporting Rifles and pistols, expands their series of semi-autos chambered in 9x19mm with the new BT92152. Designed to work with Glock style magazines for optimal cross-compatibility with Glock back-up carry pistols, the 4.5-inch BT-9 Pistol with SBA3 Arm Brace takes personal defense systems to new levels.
The 4.5-inch BT-9 is based on RRAs billet aluminum lower receiver with a Glock magazine-compatible flared magazine well. Integral to the lower receiver is a unique winter-style trigger guard that offers comfortable room for the trigger finger when wearing tactical or cold-weather gloves. The pistol includes RRA’s latest extruded aluminum upper receiver and comes standard with RRA’s 4.25-inch pistol length lightweight free-float M-LOK-compatible handguard.
Featuring a 4.5-inch chrome moly, 1:10 twist barrel with a Smith Vortex flash suppressor (1/2-36 threads), the BT92152 pistol incorporates the SB Tactical SBA3 pistol brace (with 5-position LOP adjustment) plus RRA’s overmolded A2 pistol grip and two-stage trigger for an ultra-compact and highly portable AR-platform 9mm pistol ideally suited as a home- or personal-defense firearm.
Rock River Arms new BT-9 series offers consumers the choice of four firearms consisting of three pistol configurations and one rifle configuration. Visit www.rockriverarms.com to learn more about the BT-9 series pistols and carbine.
New for 2020 is the new Escort Slugger Series of pump-action shotguns. This durable security shotgun is available in two styles. The Slugger is a synthetic-stocked, ergonomic grip, scattergun with textured grip panels for use in multiple environments. The Slugger Tact is the tactical, pistol-gripped variant for even better control and versatility. Available in 3-inch magnum 12-gauge, either Slugger model comes in a durable, all-weather, black finish.
Designed with durability and simplicity in mind, the Escort Slugger is built to work hard. The fixed-blade front sight is large and easy to find in low light but isn’t as delicate as a fiber sight. Mounted sling studs provide solid attachment points for a variety of slings and tethers. The extended pump handle is easy to operate and doesn’t require extending one’s natural reach during use. Coupled with a fixed cylinder 18-inch barrel, the 5+1 capacity offers the right combination of portability and competence. A soft rubber buttpad absorbs recoil and improves shooting comfort.
The Tact model additionally features a soft rubber pistol grip with contoured finger grooves and an extra sling mounting point. The buttstock provides an improved cheek weld and space to hold 5 additional shells for greater carrying capacity. The forend also provides space for extras via way of a Picatinny accessory rail.
Slugger Series Features:
12 gauge, 3-inch chamber pump-action shotgun
Fixed cylinder choke for shot or slugs
Oxidation proof hard chrome plated steel barrel
Alloy receiver with tough black finish
Advanced polymer synthetic stock and forend for strength and durability
Long, ergonomic forend
Soft rubber buttpad absorbs recoil
Manual cross-button trigger safety
5+1 shell capacity
Mounted sling studs
Tact model features 5-shell holder in buttstock, soft ergonomic pistol grip, and accessory rail
Slugger Specs:
18-inch barrel
38-inch overall length
6.4 pounds
MSRP: $209.99
Slugger Tact Specs:
18-inch barrel
38-inch overall length
6.5 pounds
MSRP: $219.99
And don’t forget to take a look at the company’s bullpup shotgun, the Escort BTS Bullpup, which was introduced in January.
5.11, Inc. and SIG SAUER, Inc. are pleased to announce the launch of Inside the Blue Line, an original content series that presents the reality and evolving demands on law enforcement today. In this series the Manchester, New Hampshire Police Department granted unprecedented access to a film crew from Ironclad Media to follow officers on the front line and into the line of duty.
“The goal of our project was to give the public a greater appreciation for life behind the badge today,” said 5.11’s Chief Marketing Officer Debra Radcliff. “Watching these officers in action and learning about the challenges they face was a life-changing experience. We are honored to bring their stories to life.”
The official series is now live at insideblueline.com, and will be launched across 5.11 and SIG SAUER social media next week at the commencement of National Police Week on Monday, May 11, 2020. Additionally, the Inside the Blue Line video series is part of a robust campaign 5.11 is launching to commemorate National Police Week. Next week, 5.11 will start to sell the Honoring Those Who Serve patch with proceeds from the sale being donated to The National Law Enforcement Officers Memorial Fund.
“We are honored and excited to have partnered with 5.11 and the Manchester Police Department on this project,” said Tom Taylor, Chief Marketing Officer & Executive Vice President, Commercial Sales, SIG Sauer. “SIG Sauer and 5.11 are aligned in our core mission—to serve and support law enforcement and the defense community with our products—which unites us as brands. This was an extraordinary project, and in these unprecedented times, we have a heightened awareness for the sacrifices that are being made by the law enforcement community and thank them for their service.”
Diamondback Firearms is proud to announce the launch of the highly anticipated Diamondback DBX 5.7. The company unveiled this exciting new product in January at Range Day for SHOT Show 2020 in Las Vegas, NV, where media attendees were able to handle and test the product at a live fire range in the desert. Feeback was positive, Diamondback is excited for the official launch day, today, May 7, 2020.
The Diamondback DBX 5.7 is a one-of-a-kind semi-auto pistol chambered in 5.7×28 mm with an 8-inch barrel. It has a standard AR-15 mil-spec trigger and a Magpul MOE-K grip.
It’s composed of a hard coat anodized 7075 aluminum frame and a 6061 aluminum handguard. It includes a DBX muzzle device, a Magpul Handstop kit and a 20-round magazine. The firearm also comes equipped with a rear picatinny mounted, side-folding brace. With the brace, it has an overall length of 25.4 inches versus 16.1-inch length without the brace. It has a slim profile of just 1.25 inch and weighs 3 pounds unloaded without the brace.
“Diamondback Firearms is very excited that the DBX 5.7 launch day has finally arrived,” said Kaley Cox, Marketing Director for Diamondback America. “We have been so encouraged from the feedback we received since the product unveiling in January, and now it’s time to bring the DBX 5.7 to the hands of our customers.”
