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News Breaks
February 20, 2013
06:33 EDTYAMCY, ACATArctic Cat announces engine, co-brand agreements with Yamaha
Arctic Cat (ACAT) announced that it has entered into an engine supply agreement with Yamaha Motor Corporation (YAMCY), expanding Arctic Cat's purchase of Yamaha snowmobile engines starting in the 2014 model year. Arctic Cat initially entered into an agreement to purchase Yamaha 123cc 4-stroke engines for its youth snowmobile in 2009. This agreement has now been expanded to include select 4-stroke engines from Yamaha. In addition to expanding the engine supply agreement with Yamaha, Arctic Cat also has expanded a co-branding agreement to build select Yamaha snowmobiles in Arctic Cat's Thief River Falls, Minn., factory according to Yamaha's specifications. This agreement began in 2012, with Arctic Cat building the Yamaha SRX 120 youth model snowmobile, and now will include full-size performance snowmobiles starting with model year 2014. These snowmobiles will be built to Yamaha specifications using Yamaha 4-stroke engines.
News For ACAT;YAMCY From The Last 14 Days
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January 28, 2016
06:37 EDTACATArctic Cat 'committed to achieving' goal of reaching $1B in sales by FY20
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06:37 EDTACATArctic Cat expects to begin accelerating sales, earnings power in FY17
06:36 EDTACATArctic Cat lowers FY16 outlook due to ForEx, softening retail market
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06:35 EDTACATArctic Cat cuts FY16 EPS to (30c)-(25c) from 5c-15c, consensus 3c
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06:34 EDTACATArctic Cat board votes to suspend quarterly dividend
In order to preserve cash for continued investment in returning the company to growth, Arctic Cat's board of directors has voted to suspend regular quarterly cash dividends on its common stock, effective immediately. Suspending the dividend will conserve approximately $6.5M in cash annually.
06:33 EDTACATArctic Cat reports Q3 Snowmobile sales up 2% to $83.1M
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06:32 EDTACATArctic Cat reports Q3 EPS (18c), consensus 11c
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