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2015 Annual Report to Stockholders From the Chairman of the Board and Chief Executive Officer FY15 Results On February 9, 2015, Vista Outdoor Inc. became an independent, publicly traded company listed on the New York Stock Exchange. The company was created as part of a transaction where ATK’s Sporting Group was spun off to create Vista Outdoor, immediately followed by ATK’s Aerospace and Defense Groups merging with Orbital Sciences Corporation to create Orbital ATK. On May 14, Vista Outdoor reported its financial results for Fiscal Year 2015. The company achieved full-year sales of $2.08 billion, gross profit of $529 million, operating profit of $184 million, and earnings per share of $1.25. These results were in line with the company’s expectations. During the fourth quarter, the Board of Directors authorized a $200 million share repurchase program, which affirms our commitment to return value to our shareholders through a balanced capital deployment strategy.
Our Company Vista Outdoor is a leader in providing individual outdoor recreation products to a wide variety of outdoor enthusiasts. Product innovation is the lifeblood of a consumer products company, and Vista Outdoor successfully launched several new products this year. The company received strong orders and industry recognition for the Bushnell Tour X golf laser rangefinder, the Savage Arms