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American Bullet Shortage Spells Profits For Idaho Manufacturing Plant

Vista Outdoor, CCI, Speer, gun, ammo, ammunition, bullet, bullets
Dennis van Zuijlekom
Vista Outdoor, which manufactures ammunition under the CCI brand, among others, reported steep profits Thursday. A munitions plant in Lewiston, Idaho, is one of the community's largest employers.

A nationwide ammunition shortage is good news for Vista Outdoor, which owns a munitions factory in Lewiston.

On Thursday, the company announced it earned $78 million in profit during its latest quarter compared to a nearly $12 million loss this time last year. 

“We anticipate this heightened level of demand fueled by many factors, including civil unrest, a heightened desire for personal protection and increases in recreational shooting activities, to continue into the future,” said Vista Outdoor CEO Christopher Metz.

The company owns several well-known brands, including Camelback, CCI and it closed on buying Remington’s ammo and accessory lines last month.

Mets said Vista Outdoor also has a year’s worth of ammunition orders in the pipeline worth more than $1 billion.

“This is unprecedented for our company,” he said. “With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing.”

Metz said the company’s ammunition sectors haven’t slowed down production – they just couldn’t keep up. Vista’s Lewiston plant is one of the area’s largest employers.

Vista Outdoor stock closed at $23.50 per share Friday, up from about $9 per share a year ago.

Follow James Dawson on Twitter @RadioDawson for more local news.

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