Arctic Cat (ACAT) Misses Q4 EPS by 43c
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Arctic Cat Reports Fiscal 2016 Fourth-Quarter and Full-Year Results
May 12, 2016 6:30 AM EDTFourth-quarter net sales of $121.4 million, up 22.7 percent over prior-year quarter;
Quarterly net loss of $1.30 per share versus prior-year loss of $1.66 per share;
Continued progress made on strategies to reposition company;
Approximately $20 million operating cash flow generated in fiscal 2016 fourth quarter;
Revolving bank agreement extended and increased to $130 million, up from $100 million;
Fiscal 2016 full-year net loss of $0.71 per share on net sales of $632.9 million;
Company provides fiscal... More
