5 Biggest Gun Companies in the World

1. Vista Outdoor Inc. (NYSE:VSTO)

2021 annual revenue: $2.2 billion

Based in Minnesota, United States, Vista Outdoor Inc. (NYSE:VSTO) designs and develops outdoor sports and entertainment equipment. It has 26 manufacturing plants across the United States, Mexico, Canada, and Puerto Rico. The firm divides its operations into two primary segments: Shooting Sports and Outdoor products. The United States is a key geographic location for the company in terms of its sales, and during the fiscal year 2022, only about 14% of the company’s sales came from outside the U.S. According to the company Vista sold its firearm brands in 2019, but Vista is still the parent company of ammunition brands Federal, Speer, Estate Cartridge, Hevi-Shot, CCI and Remington ammunition. So, this isn’t a pure play ammunition company and probably wouldn’t be #1 on our list if it divested its non-ammunition businesses.

The outbreak of COVID-19 created demand for Vista Outdoor Inc. (NYSE:VSTO) products as the company posted sales of $3.0 billion during the fiscal year 2022, recording an impressive growth of 36.8% from $2.2 billion in the fiscal year 2021. Vista Outdoor Inc. (NYSE:VSTO) is continuing on its growth trajectory in the current year and expects revenue for the fiscal year 2023 to be in the range of $3.20 to $3.33 billion.

Here is what ClearBridge Investments has to say about Vista Outdoor Inc. (NYSE:VSTO) in its Q2 2021 investor letter:

Our Strategy outperformed with strong results from consumer discretionary stocks like Vista Outdoor. Vista Outdoor, a manufacturer of a wide range of products serving the outdoor sports and recreation markets, also performed well in the period on continued demand and growing margins.

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