Arctic Cat (ACAT) Misses Q3 EPS by 31c; Lowers Guidance, Suspends Dividend
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Arctic Cat Reports Fiscal 2016 Third Quarter Results
January 28, 2016 6:30 AM ESTThird quarter net loss of $0.18 per share on net sales of $166.0 million;
Continued progress made on strategic plans to reposition company;
Inventory decreased $25 million sequentially from end of fiscal 2016 second quarter;
Approximately $27 million operating cash flow generated in fiscal 2016 third quarter;
Long-term debt of $15.8 million eliminated in fiscal 2016 third quarter;
Suspends quarterly cash dividend to continue investing for return to growth;
Fiscal 2016 outlook lowered on stronger currency... More
