Hunting/Shooting

7/3/2024 |  NSSF: June Adjusted NICS Background Checks Decline 4.7 Percent (SGB UPDATE) The National Shooting Sports Foundation (NSSF) reported that the June 2024 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure declined 4.7 percent year-over-year to 1,059,037 compared to the June 2023 NSSF-adjusted NICS figure of 1,110,696.

6/27/2024 |  EXEC: Wall Street Debates Shareholder Approval for Vista Outdoor’s CSG Deal (SGB UPDATE) Wall Street analysts appear split on whether Vista Outdoor’s sale of its Kinetic ammunition business to Czechoslovak Group a.s. (CSG) will go through after receiving a long-awaited regulatory approval or whether a higher bid from MNC Capital for the entire business and a potential DOJ investigation could derail the deal.

6/26/2024 |  New law bans ‘captive hunting’ in Rhode Island (Associated Press (AP)) Rhode Island Gov. Daniel McKee has signed into law a bill that would make Rhode Island the latest state to outlaw “captive hunting” — a hunt that occurs within a structure designed to restrict the free movement of animals and prevent them from escaping.

2/29/2024 |  Black Diamond Parent Closes on Sale of Ammo Business (SGB UPDATE) Clarus Corporation completed the sale of its Precision Sport segment, which is comprised of Sierra Bullets, LLC and Barnes Bullets-Mona, LLC, to Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company.
The company sold its Precision Sport segment for approximately $175 million and used a portion of the proceeds to retire in full all of the company’s outstanding debt as of February 29, 2024. In connection with the repayment of the outstanding debt in full, the Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, was terminated.

2/22/2024 |  Sturm, Ruger Sees Inventory Levels Grow as Distributor Inventory Decreases (SGB UPDATE) Fourth quarter 2023 net sales were $130.6 million, a 12.5 percent decline compared to net sales of $149.2 million in the 2022 Q4 period. Diluted EPS were 58 cents per share for the quarter, compared to $1.06 per sharefor the corresponding period in 2022.