Arctic Cat Inc. (ACAT) Reports Exceptional Financial Data for Fiscal 2011 Second Quarter
Arctic Cat, veritably synonymous with the word snowmobile and maker of some of the best ATVs, parts, apparel and accessories worldwide, reported outstanding Q2 FY11 (ending Sept. 30, 2010) data: • Zero short- or long-term debt • Net Earnings up 20.3% to $17.8M, or $0.97/diluted share (up 51% over the 6-month) • Net Sales up 5.7% to $175.8M • Gross Margins up 200 basis points (350 points year-to-date) • Operating Profits up 25% to $27.4M • Factory Inventory down 28% to $95.9M • Total of cash and short term investments up a whopping 622% to 80.9M Q2 Sales by segment:…