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October 10, 2015 11:18 AM ET


Company Overview of A.S.V., Inc.

Company Overview

A.S.V., Inc. designs, manufactures, and markets skid steer loaders, compact track loaders, and related parts. The company offers its products for use in the construction, landscaping, and agricultural industries. It markets and sells its products in the United States, Latin America, and Australia. The company was founded in 1983 and is headquartered in Grand Rapids, Minnesota. As of December 19, 2014, A.S.V., Inc. operates as a subsidiary of Manitex International, Inc.

840 Lily Lane

Grand Rapids, MN 55744

United States

Founded in 1983

284 Employees

Key Executives for A.S.V., Inc.

Chairman and Chief Executive Officer
Age: 71
Age: 57
Chief Financial Officer, Principal Accounting Officer and Secretary
Age: 54
Compensation as of Fiscal Year 2015.

A.S.V., Inc. Key Developments

ASV Launches New Line of Skid Steer Loaders and Expands Existing Line of Compact Track Loaders

Manitex International Inc. has announced that ASV, its joint venture with Terex Corporation, has launched a new line of skid steer loaders and has simultaneously expanded its existing line of compact track loaders. The new model just introduced, the RT75, is the fourth in their Compact Track Loader line. ASV's newly introduced Skid Steer Loader product line also consists of four models. Skid Steer and Compact Track Loaders are primarily used in agricultural, light commercial and residential construction markets. Whereas skid steer loaders ride on rubber tires and are often used on improved surfaces, compact track loaders ride on rubber tracks and work better on soft, fragile or difficult surfaces. The new products are set to be manufactured at their manufacturing and assembly plant in Grand Rapids, Minnesota, and distributed through the new ASV distribution network under development in North America.

ASV, Inc. Provides Earnings Guidance for the Full Year of 2014

ASV, Inc. provided earnings guidance for the full year of 2014. For the period, the total sales of the company are forecasted to be approximately $128 million in 2014. The company also expects to enter 2015 as a company that has worldwide revenues of over $500 million, 9% EBITDA margins, and the ability to generate significant profits and value for shareholders going forward.

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