Arctic Cat Inc. designs, engineers, manufactures, and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs) under the Arctic Cat brand name, as well as related parts, garments and accessories. Products Snowmobiles—The company produces a full line of snowmobiles, consisting of 60 models, marketed under the Arctic Cat brand name. Arctic Cat snowmobiles are sold in the United States, Canada, Scandinavia, Russia and other international markets. The company markets: Performance models under the names ZR and Sno Pro; Crossover models under the name XF; Mountain models under the name M and HCR; Touring models under the name T; and Utility models under the name Bearcat. In addition, to encourage family involvement in snowmobiling, the company offers a youth snowmobile marketed under the ZR 120 name. ATVs—Its features include fully independent front and rear suspensions, hydraulic disc brakes, hi-low range transmission, long travel suspension with high ground clearance, Speed Point accessory system, automatic transmissions, selectable 2WD/4WD shaft drive, locking differentials, EFI, a large fuel tank, and electronic power steering. The company also has special two rider models that provide a proper alternative for customers that want to ride double on an ATV. Side-by-Side Recreational Off-highway Vehicles—The Prowler is configured with a variety of different engines that range in size from 550cc to 1000cc that are manufactured by the company, and also includes a rear cargo box, dual bucket seats, as well as long travel suspension and ride characteristics. In 2013, the company expanded Wildcat line-up to include a Wildcat 1000 Limited with factory installed accessories, a Wildcat 4 1000 which allows for seating of 4 full sized adults and a Wildcat X 1000 which increases the horse power to +90. In 2014, the company further expanded the Wildcat line-up to include a Wildcat X 1000 Limited, Wildcat 4X 1000 and Wildcat 4X 1000 Limited, all with the high horsepower X engine. The company also launched a narrower 50-inch wide, trail-legal platform that allows riders access to authorized ATV trails. Parts, Garments and Accessories The company provides Arctic Cat Snowmobile, ATV and ROV parts, garments and accessories. Replacement parts for all of current and noncurrent models of Snowmobiles, ATVs and ROVs are a main part of product mix along with maintenance supplies such as oil and fuel additives. The company also sells an array of accessories, such as bumpers, cabs, luggage racks, lights, snow plows, backrests, windshields, wheels, track systems and winch kits that consumers buy to increase their comfort factor, shorten their task or personalize their ride. In addition to Arctic Cat parts and accessories, the company sells brands in various categories such as Fox Float shocks, Speed point attachments and BCA Float Avalanche Airbags. The company offers a range of snowmobile garments for adults and children under the ‘Arcticwear’ brand. Jackets, coats, pants and casual sportswear items are produced and sold in various styles and sizes combining fashion with function. The Arcticwear line of clothing encompasses wearables designed to keep the rider warm and dry during the snowmobile conditions (insulated outerwear, hats, mittens, helmets, and boots) and comfortable relaxing after the ride (sweatshirts, T-shirts, and casual wear). For ATV and ROV riders, the company manufactures and sells garments under the ‘Arcticwear ATV Gear’ label. This line of clothing includes suits, jackets, gloves, helmets, gear bags, sweatshirts, T-shirts and hats. Research and Development As of March 31, 2014, the company spent approximately $23,998,000 on engineering, research and development expenditure. Sales and Marketing The company’s products are sold through a network of independent dealers located throughout the United States, Canada, and Europe and through distributors representing dealers in Europe, Russia, South America, the Middle East, Asia and other international markets. Regulations The company’s manufacturing facilities are subject to the regulations promulgated by, and may be inspected by, the Occupational Safety and Health Administration. The company is a member of the International Snowmobile Manufacturers Association (ISMA), a trade association formed to promote safety in the manufacture and use of snowmobiles. The company is a member of the Specialty Vehicle Institute of America (SVIA), a trade association organized to foster and promote the safe and responsible use of ATVs manufactured and/or distributed throughout the United States and which promulgates voluntary safety standards for ATVs. Additionally the company is a member of the Recreational Off-highway Vehicle Association (ROHVA), a trade association organized to foster and promote safe and responsible use of side-by-side vehicles. The company is also a member of the Canadian Off-Highway Vehicle Distributors Council (COHV), as well as the All-Terrain Vehicle Association Europe (ATVEA). History Arctic Cat Inc. was founded in 1982. The company was incorporated in 1982.
arctic cat inc
(ACAT:Consolidated Issue Listed on NASDAQ Global Select )
505 Highway 169 North
Plymouth, MN 55441
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