Artic Cat Reports Fiscal 1st Quarter Results

Arctic Cat reported that net sales increased 18 percent to $74.9 million in the fiscal 2012 first quarter ended June 30, 2011, up from net sales of $63.4 million in the prior-year first quarter. The company’s first quarter net loss improved to $2.3 million versus a net loss of $4.5 million. Arctic Cat typically reports a first quarter loss because most of its revenue is seasonal, occurring in their fiscal 2nd and 3rd quarters. Management reported that “Revenue grew across all product lines, with particularly strong sales of our Prowler side-by-side utility vehicles contributing to the quarter’s results.”  Management also raised their guidance for full year sales to $520 to $530 million or a 12-14% increase over 2011.  The increase is expected to be driven in part by the launch of their new sport utility vehicle the Wildcat.  Learn more:

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