Key Developments For Arctic Cat Inc
Arctic Cat Inc (ACAT.O) (Nasdaq)
Arctic Cat Inc. Announces New Senior Credit Facility Agreement
Arctic Cat Inc. announced that it finalized a new three-year, $60 million senior secured revolving credit facility. The facility is available for the Company's ongoing working capital needs and general corporate purposes. Bank of America, N.A., structured and underwrote the new facility, which replaces an existing credit facility that expires in March 2010.
Arctic Cat Inc. Reaffirms FY 2010 Revenue Guidance
Arctic Cat Inc. reaffirmed its fiscal 2010 revenue guidance and expects revenue to be in the range of $425-$460 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $446 million for fiscal 2010.
Arctic Cat Inc. Announces Financing Agreement With GE Commercial Distribution Finance
Arctic Cat Inc. announced that the Company has entered into an agreement with GE Capital, Commercial Distribution Finance for it to become the exclusive provider of floorplan financing for Arctic Cat's U.S. dealers. The new multi-year financing program will replace Arctic Cat's current financing agreement with Textron Financial Corporation, which had previously announced its intent to exit the dealer floorplan business. The new financing program is expected to begin December 1, 2009.
Arctic Cat Inc. Reaffirms FY 2010 Revenue Guidance
Arctic Cat Inc. reaffirmed its fiscal 2010 revenue guidance and expects revenue to be in the range of $425-$460 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $444 million for fiscal 2010.
Arctic Cat Inc. Issues FY 2010 Revenue Outlook Below Analysts' Estimates; Comments On FY 2010 EPS Outlook
Arctic Cat Inc. announced that for fiscal 2010, it expects sales in the range of $425-$460 million and improved earnings per share (EPS) compared with fiscal 2009. The Company reported EPS of $(0.53) in fiscal 2009. According to Reuters Estimates, analysts are expecting the Company to report revenue of $507 million and EPS of $(0.17) for fiscal 2010.
