Arctic Cat going out of biz????
- Thread starter bkboats
- Start date
snow_monkey
New member
Not sure but I did a little research and found out Arctic Cat was very vulnerable to the current market conditions and a bad winter can put the company deeper into the red. It appears all of their woes come due to the lack of diversity in the marketplace. Polaris sells alot of different products so they are not impacted to the degree which Arctic Cat is subject to. This is not good news but all the press from late 08 on the internet leads me to belive they are in trouble.
cuzzinolaf
Well-known member
They better not LOL. I can't start riding a Polaris.
They reported Q3 profits not too long ago.
http://www.businessweek.com/ap/financialnews/D9DGAKM80.htm
They reported Q3 profits not too long ago.
http://www.businessweek.com/ap/financialnews/D9DGAKM80.htm
If it is NOT true then leave this alone not good for AC biz.
All 4 took big negative hits last year. The obvious is the OEMs with deeper pockets will not go bankrupt & that is not the question for them. Their question is do they continue to produce snowmobiles or exit the snomo market for greener pastures. From pricing I'm seeing in 2011 year 2011 will be a limited build year & may be the last year we see many full featured sled models. From 2012 probably see OEM consolidation of model line ups & strip down models like the Shift & all go to cookie cutter approach to control costs. If they can't make what we want at the price we will pay & money doing it they will all consider getting out. Snomo biz is survival mode for AC.
All 4 took big negative hits last year. The obvious is the OEMs with deeper pockets will not go bankrupt & that is not the question for them. Their question is do they continue to produce snowmobiles or exit the snomo market for greener pastures. From pricing I'm seeing in 2011 year 2011 will be a limited build year & may be the last year we see many full featured sled models. From 2012 probably see OEM consolidation of model line ups & strip down models like the Shift & all go to cookie cutter approach to control costs. If they can't make what we want at the price we will pay & money doing it they will all consider getting out. Snomo biz is survival mode for AC.
got this off of american snowmobiler website
Arctic Cat earnings up
Third quarter profits up, sled sales decrease
Arctic Cat Inc. reports third quarter earnings were up, the Minnesota-based snowmobile and ATV maker posting earnings of $2.6 million compared to a loss of $2.7 million a year earlier.
Earnings for the first nine months were $11.4 million compared to $7.2 million in the same period last year. While earnings were up, sales were down 22% in the first nine months of Cat's fiscal year. Sales were $366.7 million, down from $472.9 million in the same period last year.
"We are successfully rescaling Arctic Cat's business to achieve improved profitability in the current lower-demand environment for recreational products," said Christopher Twomey, Cat's chairman and chief executive officer.
Sales for the fiscal year, which ends March 31, are expected to be about $425 million, down from $460 million.
"A key part of our strategy this fiscal year has been to reduce dealer inventories, in order to position the company for future growth when the retail power sports market recovers," Twomey said.
Dealer inventories have decreased 19% year-to-date, while Cat's inventories are down 29%.
Snowmobile sales decreased 35% in the third quarter to $58.7 million, down from $90.9 million. For the 9-month period snowmobile sales dipped 22% from $210.7 million to $162.3 million. However, Arctic Cat says its retail snowmobile sales have outperformed the industry and increased Cat's market share.
ATV segment sales also dipped 17% in the third quarter. Sales were $48.2 million compared with $57.8 million a year ago. For the nine months sales were off 28% to $132.1 million compared with $183.2 million a year earlier.
The smallest sales decline was in Cat's parts, garments, and accessories unit, with a 7% decline, from $26.1 million to $24.2 million in the past quarter. For the 9-month period, sales slid 9% to $72.3 million, compared to $79.1 million the previous year.
In its quarterly report Cat also noted that it has no long- or short-term debt and that its cash and short-term investments had risen substantially, from $5.4 million to $50.4 million.
Cat will announce its 2011 snowmobile lineup early in March.
Arctic Cat earnings up
Third quarter profits up, sled sales decrease
Arctic Cat Inc. reports third quarter earnings were up, the Minnesota-based snowmobile and ATV maker posting earnings of $2.6 million compared to a loss of $2.7 million a year earlier.
Earnings for the first nine months were $11.4 million compared to $7.2 million in the same period last year. While earnings were up, sales were down 22% in the first nine months of Cat's fiscal year. Sales were $366.7 million, down from $472.9 million in the same period last year.
"We are successfully rescaling Arctic Cat's business to achieve improved profitability in the current lower-demand environment for recreational products," said Christopher Twomey, Cat's chairman and chief executive officer.
Sales for the fiscal year, which ends March 31, are expected to be about $425 million, down from $460 million.
"A key part of our strategy this fiscal year has been to reduce dealer inventories, in order to position the company for future growth when the retail power sports market recovers," Twomey said.
Dealer inventories have decreased 19% year-to-date, while Cat's inventories are down 29%.
Snowmobile sales decreased 35% in the third quarter to $58.7 million, down from $90.9 million. For the 9-month period snowmobile sales dipped 22% from $210.7 million to $162.3 million. However, Arctic Cat says its retail snowmobile sales have outperformed the industry and increased Cat's market share.
ATV segment sales also dipped 17% in the third quarter. Sales were $48.2 million compared with $57.8 million a year ago. For the nine months sales were off 28% to $132.1 million compared with $183.2 million a year earlier.
The smallest sales decline was in Cat's parts, garments, and accessories unit, with a 7% decline, from $26.1 million to $24.2 million in the past quarter. For the 9-month period, sales slid 9% to $72.3 million, compared to $79.1 million the previous year.
In its quarterly report Cat also noted that it has no long- or short-term debt and that its cash and short-term investments had risen substantially, from $5.4 million to $50.4 million.
Cat will announce its 2011 snowmobile lineup early in March.
Comet & long list of others.
Oh well a bunch aftermarket snowmo aftermarket biz went the way of Comet. I would not link that to AC.
Oh well a bunch aftermarket snowmo aftermarket biz went the way of Comet. I would not link that to AC.
arcticgeorge
New member
AC under?
No way! Arctic Cat has been doing pretty good until recently. Sure things have slowed down a bit but when you have awesome products and millions of faithfull fans.....................................Hey BK man i saw a clean 1997 Mach 1 in that "chopping block" add on C.L. ...whats wrong with it? Looks to nice to chop......pm me with your best price.
No way! Arctic Cat has been doing pretty good until recently. Sure things have slowed down a bit but when you have awesome products and millions of faithfull fans.....................................Hey BK man i saw a clean 1997 Mach 1 in that "chopping block" add on C.L. ...whats wrong with it? Looks to nice to chop......pm me with your best price.
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polarisrider1
New member
Cuzz, you will have to come out of the closet eventually! All you need is that power claw track on any sled to climb.
I was not intending to drag Cat through the mud or anything like that. I just had the customer telling me that it was happening and turned to the community that I knew would know, JD.com... Anyways, I hope they ALL stick around.. I sell new oem parts for them all so I don't want to miss out on that..lol Good luck to ALL biz's out there!!
polarisrider1
New member
why? This is a discussion.
miaferominka
New member
Arctic Cat Inc. (NASDAQ:ACAT) today reported net earnings of $2.6 million, or $0.14 per diluted share, on net sales of $131.0 million for the third quarter ended December 31, 2009. Arctic Cat reported a net loss in the prior-year third quarter of $2.7 million, or $0.15 per diluted share, on net sales of $174.7 million.
In the first nine months, Arctic Cat reported net earnings of $11.4 million, or $0.63 per diluted share, compared to prior-year net earnings of $7.2 million, or $0.40 per diluted share. Arctic Cat's net sales in the first nine months of fiscal 2010 totaled $366.7 million versus $472.9 million in the same period last year.
In the first nine months, Arctic Cat reported net earnings of $11.4 million, or $0.63 per diluted share, compared to prior-year net earnings of $7.2 million, or $0.40 per diluted share. Arctic Cat's net sales in the first nine months of fiscal 2010 totaled $366.7 million versus $472.9 million in the same period last year.
indy_500
Well-known member
tucker'd win on any sled, he just shows up, races, wins, and goes home. when i was at some sno-x races he sat away from everyone signing autographs and if u wanted a pic of u with him, that wasn't happening (this was around 2005ish before he was even super famous, wonder what he's like now)