Arctic Cat Wildcat Side-by-Side
The following are some of the highlights from Arctic Cat’s earnings call for their fiscal 2013 fourth quarter ended March 31, 2013 with an emphasis on side-by-side related information.
- Net sales for the fourth quarter increased 15% to $113.2 million from $98.5 million
- Full year net sales increased 15% to $671.6 million from $585.3 million
- Net earnings increased 33% to $39.7 million from $29.9 million
- ATV and side-by-side sales increased 32% to $299.8 million from $226.9 million for the year and increased 16% to $87.6 million from $75.8 million for the quarter
- ATV and side-by-side business sales increases were driven by Prowler models as well as the launch of the new Wildcat Four, a new four seat version of the Wildcat Four side-by-side and Wildcat X a high horsepower version of the Wildcat Sports side-by-side
- Management reports taking more market share in the side-by-side category during the year
- Wildcat parts and accessories business was strong
- ATV industry retail sales for North America were flat as retail sales decreased by 2% during fiscal year 2013.
- The new 50 inch trail legal Wildcat is expected to ship in the 4th quarter of 2014 and allows Arctic Cat to enter this segment of the side-by-side industry
- Next year the North American ATV industry retail sales are expected to grow between zero to 5%
- The side-by-side market is expected to grow in the 15% to 25% range.
- Management expects net sales in the range of $754 to $768 million based on an increase in ATV and side-by-sales in the 25% to 29% range for the full year driven by shipments of Wildcat sport side-by-side models including the new Wildcat 50
- Management expects at least 90% of our dealers to pick up the trail version of the Wildcat