Matthew Boyer

Matthew Boyer inquired about the progress of the AMMO acquisition, particularly whether the previous guidance of $5 million EBITDA realization in the second half of the year is still realistic, given the slower production outlook for Winchester.

Answer

Ken Lane, President and CEO, expressed strong confidence in delivering the acquisition synergies, including the $40 million level within three years. He highlighted that the capability to build shell cases at the acquired facility has proven to be as good, if not better, than initially anticipated, making it a very positive acquisition.

Matthew Boyer inquired about the progress of the AMMO acquisition, particularly in light of the slower production outlook for Winchester, and whether the previous guidance of approximately $5 million EBITDA contribution in the second half of the year from AMMO remains realistic.

Answer

President and CEO Ken Lane expressed strong positive sentiment regarding the AMMO acquisition, confirming that synergies, especially around shell case manufacturing capabilities, have met or exceeded expectations. He affirmed confidence in delivering the stated synergies, including the $40 million level within three years, and noted the asset's excellent condition and positive employee integration.