Leatt: Leatt athletes get recognition and awards:
Ryan Sipes also a real fan of Leatt’s products for years and was recently chosen to wear Leatt’s new GPX helmet. Husqvarna rider Ryan Sipes, who in 2015 became the first American rider to claim top individual honors in the International Six Days Enduro was chosen as the American Motorcyclist Association athlete of the year 2015.
Tucker Hibbert long time Leatt athlete wins ninth-consecutive Snowmobile SnoCross gold at the X-Games 2016 in Aspen CO. Tucker is the most admired and respected person in his sport and is always seen wearing Leatt’s neck brace during press conferences, media events and of course races.
Please have a look at this link to see his Tucker’s victory run:
Tucker is also a sponsored athlete of Artic Cat (ACAT) a 145Mil$ market cap company reported numbers yesterday and saw its stock trade all over the place….Revenue are expected to be in the $645M-$655M vs prior guidance $665M-$675M. Voted to suspend regular quarterly cash dividends on its common stock, effective immediately. Suspending the dividend will conserve approximately $6.5M in cash annually. Christopher Metz, Arctic Cat’s president and CEO, stated: “Despite a very challenging marketplace and difficult third-quarter comparison, Arctic Cat made continued progress and again executed well on our strategies to reposition the business for a return to growth in fiscal 2017 and beyond. Contributing to the lower year-over-year fiscal 2016 third-quarter results was the timing of shipments, as we lapped the introduction of several new ATV products and pipeline fill of the Wildcat Sport and Wildcat Trail ROV models that shipped in the prior-year Q3. This year, our new mid-year ATV/ROV model shipments will occur in our fiscal 2016 Q4. In total, we expect sales for H2 of fiscal 2016 to be up. Among our fiscal 2016 third-quarter highlights, we began to strengthen our dealer network and activate sales through important marketing sponsorships with our new event marketing team, resulting in positive retail growth. We maintained tight inventory control to allow a return to greater wholesale and retail growth of new products next fiscal year. In addition, the company generated $27M in operating cash flow that enabled us to strengthen the company’s balance sheet and eliminate long-term debt, as planned. We are lowering our outlook for the remainder of the fiscal year, chiefly due to the intensifying impact of unfavorable foreign currency exchange rates, a softening ATV/ROV retail market industry-wide and the lack of early season snowfall on snow-related product sales. Still, we expect that fiscal 2016 fourth-quarter sales will increase approximately 40% compared to the prior fiscal year’s Q4 and that we anticipate cutting the fourth-quarter net loss almost in half. In fiscal 2017, we expect to begin accelerating our sales and earnings power. We remain committed to achieving our stated goal of reaching $1B in sales by the end of fiscal 2020 with gross margins in the range of approximately 27% to 28%. Company has no long term debt. ” Could this be the time to have a second look at ACAT stock as it is trading at a 5 year low….?
Polaris Industries (PII) the other player much larger player (4.5Bil$ market cap) in this powersports industry, got crushed when it reported numbers on Jan 26th. FY Guidance (Dec 2016): EPS $6.20-6.80 vs FactSet $6.94. Revenue (2%) to +3% vs prior year's $4.72B, implying $4.62-4.86B vs FactSet $4.83B. Ongoing currency volatility and industry retail sales uncertainty are the major reasons for the wider guidance range for sales and earnings per share for 2016.Management comments: Scott Wine, Chairman and CEO. “Our outlook for 2016 reflects another volatile year in powersports driven by near-term growth pressures from weak end markets as the threat of a worldwide economic slowdown looms. However, we have been in this situation before, and we know how to manage through difficult economic climates. We will continue to optimize dealer inventory, aggressively manage operating costs and other risk exposures, and provide our end-consumer with products and services that exceed their expectations. Concurrently we will continue to invest in projects that accelerate future growth and our lean journey, such as the Huntsville, Alabama plant which is scheduled to begin production in Q2 of this year. I believe we have the best team in powersports, a strong and diverse portfolio of brands and products, broad capabilities across all our disciplines, and a proven strategy that will continue to create value for our stakeholders in the years to come.”