Hunting/Shooting

11/20/2025 |  EXEC: Colt CZ Group Lowers Annual Outlook on U.S. Shutdown Impact (SGB UPDATE) Czech-based firearms maker Colt CZ Group SE posted a gain in its nine-month earnings on 7 percent revenue growth but lowered its annual outlook, citing revenue delays caused by the U.S. government shutdown.
9M 2025 Financial Highlights

• The Group’s revenues reached CZK 16,070.6 million ($766 mm) for the first nine months of 2025, representing an increase of 7.3 percent y-o-y. The results were driven by a strong performance of the ammunition segment, including the impact of the full consolidation of Sellier & Bellot in the reported period.

11/17/2025 |  Armasight Expands U.S. Manufacturing Capabilities (SGB UPDATE) Armasight, the maker of thermal and night vision scopes, optics and goggles, announced that it has expanded its facility footprint in Tempe, AZ by more than 10,000 square feet and increased its in-house machining and testing capabilities, “resulting in a 25 percent boost in production throughput.”

11/17/2025 |  S&P Cuts Debt Ratings Outlook at Winchester Ammo’s Parent to Negative (SGB UPDATE) S&P Global Ratings lowered its debt ratings outlook on Olin Corp. to negative due to weakness across its vinyls, epoxy and Winchester Ammo’s commercial businesses.
S&P said, “We forecast Olin Corp.’s credit metrics will end the year below our downside trigger and remain there for at least the next few quarters due to poor downstream vinyl’s demand, weak supply and demand fundamentals in epoxy, and a deterioration in Winchester’s commercial business. We expect funds from operations (FFO) to debt will be about 12 percent at the end of 2025, below our 20 percent downgrade threshold, before improving in 2026 closer to our expectation at the rating. However, we anticipate the company will continue to generate positive free cash flow of about $200 million.”

11/10/2025 |  Outdoor Holding Co. Returns to Profitability (SGB UPDATE) Outdoor Holding Company, the owner of GunBroker.com, the online marketplace, reported a profit against a loss in the fiscal second quarter ended September 30, due to lower expenses. Revenues were flat in the period.
Financial Highlights

• Net Revenues of $11.98 million, flat year-over-year
• Cost of Revenues decreased to $1.54 million from $1.57 million.
• Gross profit margin increased to approximately 87.1 percent compared to 86.9 percent.
• Operating expenses decreased $6.71 million year-over-year.
• Net income from continuing operations of $1.40 million, compared to a net loss from continuing operations of ($5.87) million, representing the company’s first quarterly profit following several periods of net losses.
• Adjusted EBITDA (1) of $4.91 million compared to $3.95 million,
• Improved diluted EPS from continuing operations to $0.01 from ($0.06),

10/27/2025 |  Winchester Ammunition Q3 Profits Decline on Sales Weakness (SGB UPDATE) Olin Corp. reported earnings at its Winchester Ammo segment fell 63.9 percent in the third quarter, primarily due to lower commercial ammunition pricing and shipments and higher raw material costs, including propellant and commodity metal costs. Sales inched up 1.6 percent, missing plan due to soft commercial ammunition sales.