Arctic Cat Inc. (ACAT, Financial) filed Annual Report for the period ended 2010-03-31.
Arctic Cat Inc. has a market cap of $178.99 million; its shares were traded at around $9.82 with a P/E ratio of 98.2 and P/S ratio of 0.4. ACAT is in the portfolios of Arnold Van Den Berg of Century Management, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
All-Terrain Vehicles (ATVs)In December 1995, the Company introduced its first ATV. Since that time the Arctic Cat line has grown to 17 models. Features like fully independent front and rear suspensions, hydraulic disc brakes, hi-low range transmission, long travel suspension with high ground clearance, MRP Speedracks, automatic transmissions, selectable 2WD/4WD shaft drive, locking differentials, electronic fuel injection, a large fuel tank, and newly introduced power steering, all make Arctic Cat ATVs consumer friendly. The Company has special two rider models that provide a proper alternative for customers that want to ride double on an ATV. The 2010 Arctic Cat ATV models carry suggested U.S. retail prices ranging from $3,999 to $12,999, excluding youth models which are sold at suggested U.S. retail prices ranging from $2,599 to $3,349.
The Company introduced its new Prowler Utility Terrain Vehicle (UTV) into the utility ATV vehicle segment in 2006. The Prowler is configured with a variety of different engines manufactured by the Company, a rear cargo box, dual bucket seats as well as Arctic Cat's renowned long travel, suspension and ride characteristics. In fiscal year 2010 the UTV line consisted of three models with retail prices of $10,999 to $14,499.
The Company is committed to an ongoing engineering program dedicated to innovation and to continued improvements in the quality and performance of its products as well as new product introduction. The Company currently employs 124 individuals in the design and development of new and existing products, with an additional 20 individuals directly involved in the testing of snowmobiles and ATVs in normal and extraordinary conditions. In addition, snowmobiles and ATVs are tested in conditions and locations similar to those in which they are used. The Company uses computer-aided design and manufacturing systems to shorten the time between initial concept and final production. For fiscal years ended 2010, 2009, and 2008, the Company spent approximately $12,926,000, $18,404,000, and $18,343,000, respectively, on engineering, research and development. In addition, utilizing their particular expertise, the Company's vendors regularly test and apply new technologies to the design and production of component parts.
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Arctic Cat Inc. has a market cap of $178.99 million; its shares were traded at around $9.82 with a P/E ratio of 98.2 and P/S ratio of 0.4. ACAT is in the portfolios of Arnold Van Den Berg of Century Management, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
SnowmobilesThe Company produces a full line of snowmobiles, consisting of 42 models, marketed under the Arctic Cat brand name, and designed to satisfy various market niches. The 2010 Arctic Cat models carry suggested U.S. retail prices ranging from $6,699 to $14,999 excluding a youth model which is sold at a suggested U.S. retail price of $2,499. Arctic Cat snowmobiles are sold in the United States, Canada, Scandinavia, Russia and other international markets.All-Terrain Vehicles (ATVs)In December 1995, the Company introduced its first ATV. Since that time the Arctic Cat line has grown to 17 models. Features like fully independent front and rear suspensions, hydraulic disc brakes, hi-low range transmission, long travel suspension with high ground clearance, MRP Speedracks, automatic transmissions, selectable 2WD/4WD shaft drive, locking differentials, electronic fuel injection, a large fuel tank, and newly introduced power steering, all make Arctic Cat ATVs consumer friendly. The Company has special two rider models that provide a proper alternative for customers that want to ride double on an ATV. The 2010 Arctic Cat ATV models carry suggested U.S. retail prices ranging from $3,999 to $12,999, excluding youth models which are sold at suggested U.S. retail prices ranging from $2,599 to $3,349.
The Company introduced its new Prowler Utility Terrain Vehicle (UTV) into the utility ATV vehicle segment in 2006. The Prowler is configured with a variety of different engines manufactured by the Company, a rear cargo box, dual bucket seats as well as Arctic Cat's renowned long travel, suspension and ride characteristics. In fiscal year 2010 the UTV line consisted of three models with retail prices of $10,999 to $14,499.
The Company is committed to an ongoing engineering program dedicated to innovation and to continued improvements in the quality and performance of its products as well as new product introduction. The Company currently employs 124 individuals in the design and development of new and existing products, with an additional 20 individuals directly involved in the testing of snowmobiles and ATVs in normal and extraordinary conditions. In addition, snowmobiles and ATVs are tested in conditions and locations similar to those in which they are used. The Company uses computer-aided design and manufacturing systems to shorten the time between initial concept and final production. For fiscal years ended 2010, 2009, and 2008, the Company spent approximately $12,926,000, $18,404,000, and $18,343,000, respectively, on engineering, research and development. In addition, utilizing their particular expertise, the Company's vendors regularly test and apply new technologies to the design and production of component parts.
Read the The complete Report
