Arctic Cat posted a smaller-than-expected loss in its fiscal fourth-quarter, as sales improved across all product lines. The maker of recreational vehicles and snowmobiles said Wednesday that it is reinstating its quarterly dividend and approved the buyback of up to $30 million of its stock due to its strong performance, healthy cash flow and future prospects.
Arctic Cat Inc. said Tuesday its fiscal fourth-quarter loss narrowed on a steep jump in demand for all-terrain vehicles.
Arctic Cat is recalling 19,000 snowmobiles for the second time, but this time because of a steering issue.
Arctic Cat is recalling more than a thousand ATVs made in Minnesota.
Some companies in northwestern Minnesota have an unlikely problem in a tough economy. They can’t find enough employees.
Snowmobile and all-terrain vehicle maker Arctic Cat Inc. on Thursday posted a net loss in its fiscal fourth quarter that was flat with the previous year, attributing the red ink to the seasonal nature of the business.
Edgar Hetteen, co-founder of Polaris snowmobiles and founder of Arctic Cat snowmobiles, died at the age of 90.
Arctic Cat Inc. is voluntarily recalling about 16,500 snowmobiles because of a possible loss of control.