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Article: Arctic Cat Reports 2006 Third-Quarter Results; ATV Sales Continued to Fuel Growth, Outpace Industry; Company on Track to Post 6th Consecutive Year of Record Revenues.
- Article from:
- Business Wire
- Article date:
- January 24, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THIEF RIVER FALLS, Minn. -- Arctic Cat Inc. (Nasdaq:ACAT) today reported net sales of $195.3 million for the fiscal 2006 third quarter ended December 31, 2005, up 3 percent compared to net sales of $188.9 million in the prior-year period. Third-quarter net earnings were $4.7 million, or $0.24 per diluted share, versus net earnings of $5.8 million, or $0.28 per diluted share, in the same period last year.
Year-to-date, net sales grew 9 percent to $579.5 million compared to $532.1 million in the year-ago period. Net earnings totaled $24.3 million, or $1.22 per diluted share, versus net earnings of $25.6 million, or $1.22 per diluted share, in the nine-month period ...