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Article: Arctic Cat Reports 1Q Results

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Wireless News
Article date:
August 3, 2009
Copyright

Wireless News
08-03-2009
Arctic Cat Reports 1Q Results
Type: News

Arctic Cat reported a net loss of $5.9 million, or $0.33 per diluted share, on net sales of $69.4 million for the first quarter ended June 30.

Commenting on the first quarter results, Arctic Cat's chairman and chief executive officer Christopher A. Twomey said, "Economic conditions remained difficult during the quarter and continued to affect the recreational products market overall. Given the current recessionary environment, we are pleased with the company's improved results on lower sales. We made significant progress on our goals to reduce our cost structure and strengthen the balance sheet."
In a release dated July 29, ...

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