{"id":3706,"date":"2015-02-03T11:56:53","date_gmt":"2015-02-03T11:56:53","guid":{"rendered":"http:\/\/azureblog.smallvehicleresource.com\/?p=3706"},"modified":"2015-02-03T11:56:53","modified_gmt":"2015-02-03T11:56:53","slug":"arctic-cat-announces-fy2015-q3-earnings","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2015\/02\/03\/arctic-cat-announces-fy2015-q3-earnings\/","title":{"rendered":"Arctic Cat Announces FY2015 Q3 Earnings"},"content":{"rendered":"<div id=\"attachment_3710\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3710\" class=\"size-medium wp-image-3710\" alt=\"The 2015 Wildcat Sport XT, a recent addition to the Arctic Cat side-by-side lineup.\" src=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015-300x215.jpg\" width=\"300\" height=\"215\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015-300x215.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015-418x300.jpg 418w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015.jpg 552w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-3710\" class=\"wp-caption-text\">The 2015 Wildcat Sport XT, a recent addition to the Arctic Cat side-by-side lineup.<\/p><\/div>\n<p>Last week Arctic Cat reported on their third quarter earnings for fiscal year 2015. For the quarter ending on December 31, 2014 net sales for the third quarter decreased to $193.7 million from $225.8 million for the same quarter last year and net earnings decreased to $7.5 million or $8.9 million as adjusted from $12.1 million.??Year-to-date net sales increased 2.5% to $599.9 million from $585.1 million a year ago and net earnings decreased to $26.4 million or $32.3 million as adjusted from $41 million. Here are some highlights of the earnings call as it relates to utility vehicles.<\/p>\n<ul>\n<li>ATV and UTV sales for the quarter??increased 7.3% to $83.9 million from $78.2 million as growth in Wildcat side-by-sides were offset by decreases in core ATVs.<\/li>\n<li>For the first three quarters to date sales of ATVs and UTVs decreased 4.3% to $217.3 million from $227.2 million. Strong sales of Wildcat side-by-side models were offset by lower than planned sales of core ATV sales to dealers in North America and international regions, including Russia.<\/li>\n<li>A $7 million charge in the 4th quarter will be taken related to reducing core ATV inventory.<\/li>\n<li><span style=\"color: #333333; font-style: normal; line-height: 24.375px;\">Wildcat models gained further market share in this category during the third quarter this year.<\/span><\/li>\n<li>For the calendar year sales of side-by-side Wildcats grew 34% versus the industry???s 17%.<\/li>\n<li>Three new Wildcat Sport models on a new 60-inch wide chassis were introduced. The new chassis??? width is a mid-sized option between the original Wildcat and the recently successfully introduced Wildcat Trail model, which has a narrower 50-inch stance.<\/li>\n<li>A new 2016 model year HDX Prowler will be announced in early February<\/li>\n<li>Arctic Cat signed an OEM agreement with a terrain company during the third quarter to build private label side-by-side vehicles for the commercial line equipment business. They expect to begin shipping products to this customer in March.<\/li>\n<\/ul>\n<p><a title=\"Arctic Cat Annunces FY2015 Q3 Earnings\" href=\"http:\/\/seekingalpha.com\/article\/2859836-arctic-cat-acat-ceo-christopher-metz-on-q3-2015-results-earnings-call-transcript?all=true&amp;find=arctic%2Bcat\" target=\"_blank\" rel=\"nofollow\">Learn more: ??Seekingalpha.com<\/a> (earnings call transcript)<\/p>\n<p><strong>Comment: ??<\/strong>In search of growth many UTV manufacturers are looking to enter into other market segments either by adding new product lines or developing partnerships. Arctic Cat&#8217;s new Sport line and OEM agreement are more examples of this trend. From comments during the earnings call, the OEM agreement is with Toro. This will give Arctic Cat a distribution network into the commercial and turf markets. Their current powersports network of dealers is not the best match for tapping into the commercial market. For Toro, UTVs are a relatively small part of their business and development resources are probably better spent their core products, while they take advantage of Arctic Cat&#8217;s engineering expertise in the UTV market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week Arctic Cat reported on their third quarter earnings for fiscal year 2015. For the quarter ending on December 31, 2014 net sales for the third quarter decreased to $193.7 million from $225.8 million for the same quarter last &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2015\/02\/03\/arctic-cat-announces-fy2015-q3-earnings\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,14,23,1829,27],"tags":[102,388,1687,1684,1323,1424],"class_list":["post-3706","post","type-post","status-publish","format-standard","hentry","category-management","category-market-trends","category-sales-figures","category-side-by-side-2","category-utility-vehicles","tag-arctic-cat","tag-earnings-call","tag-prowler","tag-quarterly-earnings","tag-toro","tag-wildcat"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/3706"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=3706"}],"version-history":[{"count":5,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/3706\/revisions"}],"predecessor-version":[{"id":3712,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/3706\/revisions\/3712"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=3706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=3706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=3706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}