Significant snowmobile sale increases to dealers and distributors fueled Arctic Cat’s improved third quarter.
The Minnesota manufacturer reported gains in both overall revenue and profit in its most recent quarter.
New sled sales propelled that growth, as snowmobile sales in the quarter rose 33 percent to nearly $78 million.
Arctic Cat saw slighter increases in its other divisions, including in its ATV and UTV sales.
“Our results were fueled by higher sales across all product lines,” Arctic Cat CEO Claude Jordan said in a press release. “The combination of increased volume, product mix, product cost-reduction efforts, higher selling prices and a continued focus on efficiency led to another quarter of significantly improved gross margins and profitability.”
Arctic Cat’s quarterly profit of $9.3 million was substantially higher than a year ago — close to $7 million higher — and overall sales rose 16 percent to $151 million.
For more on Arctic Cat’s quarter, see an upcoming edition of Powersports Business.
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