Arctic Cat Inc. designs, engineers, manufactures, and markets snowmobiles, all-terrain vehicles (ATVs), and related parts, garments, and accessories. While The Company doesn’t offer a particularly diverse product line, the Arctic Cat brand is powerful within its market. Fourth quarter and 2010 full year results were released this morning and since the conclusion of the conference call with shareholders and analysis, shares of ACAT have been trading down around 4%.
Fourth quarter results:
- Revenues came in at $84M, down 7% from year over year sales of $90.7M, but beat consensus expectations of $83.7M. Earnings per share came in at ($.52), $.06 worse than the estimate of ($.46), but improved year over year from 2009’s earnings per share of ($.93).
- The Company returned to profitability for fiscal 2010 with net earnings of $1.9M, or ($.10) basic and diluted earnings per share versus year ago results of ($9.5M), or ($.53) basic and diluted earnings per share.
- For the year ending March 31st, 2010, cash and cash equivalents totaled $71M versus only $11M for the year ending March 31st, 2009.
Disclosure: no positions