Arctic Cat, Inc. (ACAT) Tops Q1 EPS by 3c

Arctic Cat, Inc. (NASDAQ: ACAT) reported Q1 EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $143.64 million versus the consensus estimate of $132.84 million.

Commented Christopher Twomey, Arctic Cat’s chairman and chief executive officer: “We had record sales for a first quarter, with strong contributions from snowmobile sales. We shipped a large percentage of our lower-margin OEM partner models in the quarter. Sales of ATVs and side-by-sides were lower in the first quarter, as planned, to reduce dealer inventories ahead of our ATV dealer show in September.”

Added Twomey: “Higher sales were not enough to overcome the unfavorable Canadian currency and the planned increase in OEM sales in the 2015 first quarter, resulting in lower profitability compared to record earnings in the year-ago period. Going forward, we remain focused on increasing sales this fiscal year by introducing innovative new products, as well as continuing to leverage the company’s operating efficiency.”

For earnings history and earnings-related data on Arctic Cat, Inc. (ACAT) click here.

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