Arctic Cat Inc (ACAT.O) Key Developments | Reuters.com
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Arctic Cat Inc (ACAT.O)

ACAT.O on Nasdaq

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Arctic Cat reports Q4 loss per share of $1.30
Thursday, 12 May 2016 06:30am EDT 

Arctic Cat Reports Fiscal 2016 Fourth : A stronger q4 turnaround was hampered by lack of snowfall that constrained snow-related sales, ongoing foreign currency headwinds . Revolving bank agreement extended and increased to $130 million, up from $100 million . Year net earnings to range from a loss of $0.39 per share to earnings of $0.08 per diluted share . Snowmobile sales in fiscal 2016 q4 rose 42.9 percent to $7.5 million . Fy2017 earnings per share view $0.52, revenue view $658.3 million -- Thomson Reuters I/B/E/S . Expects that its fiscal 2017 net sales will be down 8 percent to 12 percent in first half of year . Sales of all-terrain vehicles (atvs) and side-by-side recreational off-highway vehicles in q4 totaled $92.2 million, up 38.0 % . Foreign currency exchange headwinds in 2017 are estimated to reduce net earnings in range of $0.42 to $0.53 per diluted share versus 2016 . Anticipates its fiscal 2017 sales and earnings performance will be lowest in q1 . Expects stronger financial results in second half of year to be driven by new product launches . Unfavorable foreign currency exchange rates reduced gross profit by approximately $2.4 million, or $0.11 per share in q4 . Quarter and full-year results . Q4 loss per share $1.30 . Q4 sales $121.4 million versus i/b/e/s view $136.2 million . Sees fy 2017 sales $635 million to $655 million.  Full Article

U.S. Consumer Product Safety Commission - Arctic Cat Inc voluntarily recalling about 1600 snowmobiles - RTRS
Thursday, 11 Feb 2016 09:33am EST 

Arctic Cat Inc:Arctic Cat Voluntarily Recalling About 1600 Snowmobiles - U.S. Consumer Product Safety Commission - RTRS.As Co Says Brakes Can Fail,posing Injury Or Death Risk.  Full Article

Arctic Cat Inc gives FY 2016 guidance
Thursday, 28 Jan 2016 06:30am EST 

Arctic Cat Inc:Expects FY 2016 net sales in the range of $645 million to $655 million.Expects FY 2016 net loss to be in the range of $0.25 to $0.30 per share.  Full Article

Arctic Cat Inc declares quarterly dividend
Thursday, 22 Oct 2015 06:35am EDT 

Arctic Cat Inc:Declared a quarterly cash dividend to shareholders of $0.125 per share of common stock.Dividend is payable on or about December 11 to shareholders of record date as of November 27.  Full Article

Arctic Cat Inc lowers FY 2016 guidance
Thursday, 22 Oct 2015 06:30am EDT 

Arctic Cat Inc:Lowers FY 2016 guidance.Expects FY 2016 net sales in the range of $665 million to $675 million.Expects FY 2016 net earnings to be in the range of $0.05 to $0.15 per diluted share.FY 2016 revenue of $649 mln and EPS of $0.84 - Thomson Reuters I/B/E/S.  Full Article

Arctic Cat enters agreement with robby gordon and todd Romano's speed RMG partners
Thursday, 6 Aug 2015 07:00am EDT 

Arctic Cat Inc:Announce that it has entered into an exclusive, five-year product development and marketing agreement with famed racer Robby Gordon and his newly formed SPEED RMG Partners LLC with Todd Romano.Says the agreement reflects Arctic Cat's commitment to the high-performance off-road vehicle market, and its Wildcat(tm) side-by-sides and accessories.Says Gordon and Romano will provide research and development consulting on new technologies.  Full Article

Arctic Cat Inc declares quarterly dividend
Wednesday, 22 Jul 2015 06:35am EDT 

Arctic Cat Inc:Declared quarterly cash dividend to shareholders of $0.125 per share of common stock.Dividend is payable on or about Sept. 11 to shareholders of record as of the close of business on Aug. 28.  Full Article

Arctic Cat inc maintains FY 2016 guidance
Wednesday, 22 Jul 2015 06:30am EDT 

Arctic Cat inc:Maintains FY 2016 guidance.Estimates FY 2016 net sales in the range of $690 million to $705 million, assuming an unfavorable foreign currency exchange impact on sales in range of $12 million to $15 million pre-tax.Expects FY 2016 net earnings to increase and be in the range of $0.80 to $0.95 per diluted share, after reflecting unfavorable foreign currency exchange rates.Says Foreign currency exchange headwinds are estimated to negatively impact gross profit and reduce net earnings in the range of $0.60 to $0.70 per diluted share, which will only partially be offset by the company's hedging strategy.FY 2016 revenue of $697 million and EPS of $0.90 - Thomson Reuters I/B/E/S.  Full Article

Arctic Cat declares quarterly dividend
Wednesday, 13 May 2015 06:35am EDT 

Arctic Cat Inc:Declares quarterly cash dividend to shareholders of $0.125 per share of common stock.The dividend is payable on or about June 12, to shareholders of record as of the close of business on May 29.  Full Article

Arctic Cat Inc gives FY 2016 guidance below analysts' estimates
Wednesday, 13 May 2015 06:30am EDT 

Arctic Cat Inc:Expects FY 2016 net sales in the range of $690 million to $705 million.Expects FY 2016 net earnings to increase and be in the range of $0.80 to $0.95 per diluted share.FY 2016 revenue of $733 million and EPS of $1.73 - Thomson Reuters I/B/E/S.  Full Article

Arctic Cat prevails in watercraft patent fight with BRP

After a two week trial, a federal jury in Fort Lauderdale on Wednesday ordered Bombardier Recreational Products Inc to pay personal watercraft manufacturer Arctic Cat Inc more than $15 million for infringing the company's patents on a safer steering system for the recreational vessels.