- Net sales grew 26 percent, chiefly driven by increased snowmobile, Wildcat™ side-by-side, and international all-terrain vehicle (ATV) and recreational off-road vehicle (ROV) sales;
- Gross margins improved 47 basis points, due to higher volumes, selling prices and improved product mix;
- Operating expenses as a percent of sales declined to 14.5 percent compared to 17.9 percent;
- Operating profit rose 153 percent to $45.9 million, up from $18.1 million;
- The company ended the fiscal 2012 year with cash and short-term investments totaling $62.6 million versus $125.1 million at the end of fiscal 2011. During the fiscal 2012 third quarter, Arctic Cat used $79.3 million in cash to purchase all of Suzuki Motor Corporation’s 6.1 million shares of Arctic Cat Class B common stock;
- The company had no short- or long-term debt.
Arctic Cat Reports Fiscal 2012 Results
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