Today Arctic Cat reported 3rd quarter 2015 fiscal results, including net sales of $193.7 million with net earnings of $7.5 million. This compares to $225.8/$12.1 million in the prior-year quarter.
In other words, sales are down.
The company lowered its full-year outlook and is “resetting [its] strategic priorities to deliver improved long-term performance.
Financial experts can decipher the numbers and report HERE.
The four statements that caught my eye on this report are below.
Said company CEO/President Chris Metz:
* “I can say with confidence that we will seek to spur growth through additional OEM partnerships and small bolt-on acquisitions that enable us to quickly expand our expertise and capabilities, and drive even faster product innovation.
* “My short time here has reinforced my belief that Arctic Cat is an iconic brand in a growing industry, with significant potential to improve its top- and bottom-line results.”
* The company also continued to increase investment in research and development to ensure a strong pipeline of new products and technologies.
* In early February, Arctic Cat plans to introduce a new Prowler ROV for the 2016 model year.
Third Quarter 2015 ??? It’s not April Fool’s Day yet John….. LOL…..
It’s not a joke. It all depends on the company’s fiscal calendar. It has nothing to do with Jan-Dec. Cat’s fiscal year probably begins April 1 after the snowmobile season, so they are reporting oct-dec figures for fiscal year ending march 31, 2015.
Yes, sales are down from quarter prior-year but things appear to be on an uptick in TRF and for those of us with stocks they are still paying a positive cash monthly dividend of .13……Got to like the idea of bolt-on company acquisitions………Did some one say TEAM Industries??????
Thanks for sttnairg the ball rolling with this insight.
Thanks for sttnairg the ball rolling with this insight.
Thanks for sttnairg the ball rolling with this insight.
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