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Stock Market & Financial Investment News

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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July 22, 2015
06:34 EDTACATArctic Cat says focus is to rebuild, reposition company for 2017
The company commented, “As we’ve said, our focus over the next year is to rebuild and reposition the company for a return to long-term growth in fiscal 2017 and beyond. To achieve this, a key priority remains rightsizing our core North America ATV dealer inventory levels during fiscal 2016. We believe that we have strong strategic plans to turn the business around. Our strong balance sheet gives us the flexibility to make investments to grow the business through innovative products, strategic and OEM partnerships, and bolt-on acquisitions. Although we face significant challenges in fiscal 2016, including continued foreign currency headwinds, we see tremendous opportunities to improve the company’s operations, expand gross margins and enhance financial performance over time. We are excited about Arctic Cat’s long-term future.”
06:34 EDTACATArctic Cat backs FY16 EPS 80c-95c, consensus 90c
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06:32 EDTACATArctic Cat reports Q1 EPS (8c), consensus 0c
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