Latest news with #ArcticCat
Yahoo
21-06-2025
- Business
- Yahoo
5 Revealing Analyst Questions From Textron's Q1 Earnings Call
Textron's first quarter results were met with a positive market response, led by strong execution across its Bell segment and continued growth in aviation aftermarket services. Management pointed to Bell's 35% year-over-year revenue increase—split between military and commercial helicopters—as a key factor, driven by both the FLARA defense program and robust demand across product lines. CEO Scott Donnelly also emphasized improved aviation operations following strike recovery, noting, 'Textron Aviation's fleet utilization remained strong in the quarter, leading to aftermarket revenue growth of 6%.' The quarter included the sale of the Arctic Cat powersports business as Textron continued to refine its industrial portfolio. Is now the time to buy TXT? Find out in our full research report (it's free). Revenue: $3.31 billion vs analyst estimates of $3.23 billion (5.5% year-on-year growth, 2.3% beat) Adjusted EPS: $1.28 vs analyst estimates of $1.14 (12.6% beat) Adjusted EBITDA: $386 million vs analyst estimates of $354.6 million (11.7% margin, 8.9% beat) Management reiterated its full-year Adjusted EPS guidance of $6.10 at the midpoint Operating Margin: 7.2%, in line with the same quarter last year Organic Revenue rose 5.5% year on year (3.6% in the same quarter last year) Market Capitalization: $13.83 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Robert Stallard (Vertical Research): Asked if further portfolio actions are planned after the Arctic Cat sale. CEO Scott Donnelly said there are no additional announcements and reiterated that Textron regularly reviews its portfolio. Sheila Kahyaoglu (Jefferies): Inquired about FLARA profitability and the impact of Arctic Cat divestiture. Donnelly explained FLARA margins will be stable, and the industrial sale will have a minimal revenue impact but could slightly benefit margins. Noah Poponak (Goldman Sachs): Asked about private jet demand and production ramp post-strike. Donnelly noted order activity remains healthy, with some customers pausing but backlog supporting sustained deliveries. Jason Gursky (Citigroup): Questioned Textron's positioning in unmanned/autonomous systems and contract trends. Donnelly described investments in unmanned programs and said fixed-price contracts are expected in production, while development remains cost-plus. Ron Epstein (Bank of America): Explored the application of electric aviation technology to existing aircraft. Donnelly responded that Textron is working with partners on electrified Caravan conversions and may consider in-house production if demand warrants. Over the coming quarters, the StockStory team will monitor (1) Bell's execution on military programs like FLARA and the pace of commercial helicopter deliveries, (2) the realization of aviation productivity gains and associated margin improvements, and (3) the impact of completed industrial restructuring, including the Arctic Cat divestiture. Progress in unmanned and hybrid-electric technology adoption, as well as responses to any changes in global trade policy, will also be watched closely. Textron currently trades at $76.53, up from $66.11 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Automotive
- Yahoo
'Huge sigh of relief': New Arctic Cat leadership restores more than 300 jobs in Thief River Falls, St. Cloud
May 8—THIEF RIVER FALLS, Minn. — More than 300 previously laid-off employees will keep their jobs, Arctic Cat announced Thursday afternoon. The news comes roughly two weeks after the Thief River Falls-based snowmobile manufacturer was taken over by Brad Darling, a former Arctic Cat executive. The company's previous owners, Textron Specialized Vehicles, had announced in February that the Thief River Falls and St. Cloud plants would indefinitely suspend operations and that 385 workers would be laid off in May. When Darling was named CEO and president last month, a news release said the Thief River Falls plant would continue operations as normal. Now, in the announcement Thursday, Arctic Cat unveiled a new 2026 snowmobile lineup, with plans to ramp up production at the Thief River Falls plant. "Once we got the keys, we knew moving fast was our only option," Darling said in a statement. "Having the ability to release a lineup of snowmobiles that offers new models and significant updates was the first step. Next, we are able to reengage the majority of our workforce of just under 500 employees, providing stability to our extended family." Dan Johnson, vice president of operations, said the company has been on a limited production run since the news that Arctic Cat would suspend operations at its facilities. The new 2026 lineup will create a ramp-up period for production and allow the supply base time to produce needed parts. He anticipates production activities to begin in late summer. The Arctic Cat engine facility in St. Cloud will also expand its workforce, the news release said. "Over 300 jobs within the Arctic Cat workforce faced immediate uncertainty," the Thursday release said. "(The lineup provided) a huge sigh of relief to employees, family members and community about the future of the Arctic Cat brand." Shortly after the news broke, Thief River Falls Mayor Mike Lorenson said he was in the midst of a deluge of phone calls about the restored jobs, including from U.S. Sen. Amy Klobuchar, D-Minnesota, and state Sen. Mark Johnson, R-East Grand Forks. Lorenson said he himself was still digesting the news. "From my side, I'm excited for what the new leadership has in store for Arctic Cat," he said. "New energy, new focus, if you will, and it's exciting this year that they have a new lineup that they're working on right away. They've been very aggressive to make some changes." In a follow-up statement, Lorenson praised Arctic Cat's swift action and commitment to the city. "This is a great step forward for our city," he said in the statement. "I look forward to seeing this hometown legacy thrive once again." The Herald's Hannah Shirley contributed to this report.
Yahoo
09-05-2025
- Automotive
- Yahoo
'Huge sigh of relief': New Arctic Cat leadership restores more than 300 jobs in Thief River Falls, St. Cloud
May 8—THIEF RIVER FALLS, Minn. — More than 300 previously laid-off employees will keep their jobs, Arctic Cat announced Thursday afternoon. The news comes roughly two weeks after the Thief River Falls-based snowmobile manufacturer was taken over by Brad Darling, a former Arctic Cat executive. The company's previous owners, Textron Specialized Vehicles, had announced in February that the Thief River Falls and St. Cloud plants would indefinitely suspend operations and that 385 workers would be laid off in May. When Darling was named CEO and president last month, a news release said the Thief River Falls plant would continue operations as normal. Now, in the announcement Thursday, Arctic Cat unveiled a new 2026 snowmobile lineup, with plans to ramp up production at the Thief River Falls plant. "Once we got the keys, we knew moving fast was our only option," Darling said in a statement. "Having the ability to release a lineup of snowmobiles that offers new models and significant updates was the first step. Next, we are able to reengage the majority of our workforce of just under 500 employees, providing stability to our extended family." Dan Johnson, vice president of operations, said the company has been on a limited production run since the news that Arctic Cat would suspend operations at its facilities. The new 2026 lineup will create a ramp-up period for production and allow the supply base time to produce needed parts. He anticipates production activities to begin in late summer. The Arctic Cat engine facility in St. Cloud will also expand its workforce, the news release said. "Over 300 jobs within the Arctic Cat workforce faced immediate uncertainty," the Thursday release said. "(The lineup provided) a huge sigh of relief to employees, family members and community about the future of the Arctic Cat brand." Shortly after the news broke, Thief River Falls Mayor Mike Lorenson said he was in the midst of a deluge of phone calls about the restored jobs, including from U.S. Sen. Amy Klobuchar, D-Minnesota, and state Sen. Mark Johnson, R-East Grand Forks. Lorenson said he himself was still digesting the news. "From my side, I'm excited for what the new leadership has in store for Arctic Cat," he said. "New energy, new focus, if you will, and it's exciting this year that they have a new lineup that they're working on right away. They've been very aggressive to make some changes." In a follow-up statement, Lorenson praised Arctic Cat's swift action and commitment to the city. "This is a great step forward for our city," he said in the statement. "I look forward to seeing this hometown legacy thrive once again." The Herald's Hannah Shirley contributed to this report.
Yahoo
27-04-2025
- Automotive
- Yahoo
Arctic Cat set for possible comeback after company sold to former exec
Following mass layoffs that saw nearly 400 employees let go from its Thief River Falls plant this year, Arctic Cat has been sold again — and the new owners are hinting at a resurgence for the brand. The purchase of the Minnesota snowmobile and all-terrain-vehicle (ATV) producer was announced Thursday. According to a press release, one of the buyers is Brad Darling, a former Arctic Cat executive who worked at the company for 17 years before becoming CEO and president of ARGO, a Canadian manufacturer of amphibious ATVs, in 2016. He is backed by an investment group and "will continue to lead both companies into the future," the release says, adding that the companies will be owned and operated separately. Darling and his group take over ownership from Rhode Island-based Textron Specialized Vehicles, which bought Arctic Cat in 2017. In a statement, Darling laid out an ambitious path for Arctic Cat: 'The pursuit of the checkered flag is in Arctic Cat's DNA. It's what we were built on. Like anyone who has ever grabbed the throttle – it's a relentless drive that pushes us forward and sparks our passion. Today is the start of a new chapter, one where Arctic Cat returns to the race, but with a powerful understanding: this race is never-ending, and our intent is to lead.' He also noted Arctic Cat's history in Thief River Falls, saying that "this iconic brand has benefitted from the passion of not only the employees but also the entire community." "We are now able to wipe away any uncertainty and are looking ahead with great excitement," Darling said. However, the release does not mention any specifics about reopening the Thief River Falls plant. Arctic Cat was formed in the city in 1962, according to the company website.
Time Business News
21-04-2025
- Automotive
- Time Business News
Discover the Best Ski Racks for Snowmobiles Ride Further, Smarter, and Safer
For snowmobile enthusiasts, the journey into the backcountry is just as important as the destination. Whether you're carving fresh tracks after a big snowfall or heading deep into untouched terrain, you need reliable gear that can keep up. That's where a solid snowmobile ski rack comes into play. Transporting skis securely while riding through powder, trees, or across icy trails can be challenging without the right setup. Fortunately, companies like Rocker Ski Rack are changing the game with innovative, rider-designed solutions. If you're looking for the best ski racks for your snowmobile, keep reading — this guide has everything you need to know. Why You Need a Snowmobile Ski Rack If you've ever tried to balance your skis across your lap or strap them down with makeshift bungees, you know the struggle. Not only is it unsafe, but it also increases the risk of damaging your gear. A snowmobile ski rack isn't just a nice accessory — it's essential for anyone serious about backcountry touring, ski mountaineering, or just enjoying winter in the wild. Here's why investing in a ski rack is a smart move: Safety First : Properly secured gear won't shift or fall off while riding over uneven terrain. : Properly secured gear won't shift or fall off while riding over uneven terrain. Protect Your Skis : Avoid scratches, warping, or broken bindings caused by improper transport. : Avoid scratches, warping, or broken bindings caused by improper transport. Streamline Your Setup : Eliminate clutter and free up space for passengers, packs, or emergency gear. : Eliminate clutter and free up space for passengers, packs, or emergency gear. Boost Performance: Ride faster and handle better without bulky, awkward loads affecting balance. What to Look for in the Best Ski Racks Not all ski racks are created equal. When searching for the best ski racks for snowmobiles, keep an eye out for features that make a real difference in performance and usability. Here's what to consider: Durability : Look for high-strength materials like aluminum or composite plastics that can handle extreme cold, snow, and impact. : Look for high-strength materials like aluminum or composite plastics that can handle extreme cold, snow, and impact. Ease of Installation : The best racks should be easy to mount and remove — no complex tools or hours of setup required. : The best racks should be easy to mount and remove — no complex tools or hours of setup required. Secure Grip : A tight but gentle hold ensures your skis stay in place without scratching or damaging them. : A tight but gentle hold ensures your skis stay in place without scratching or damaging them. Compatibility: Whether you ride a Polaris, Ski-Doo, Arctic Cat, or Yamaha, the rack should fit most common snowmobile models. Why Rocker Ski Rack is Leading the Pack If you're serious about finding the best snowmobile ski rack, then you need to check out Rocker Ski Rack. Designed by backcountry riders for backcountry riders, Rocker has built a reputation for delivering products that are tough, functional, and easy to use. Here's what makes Rocker Ski Racks stand out: Universal Fit : Rocker racks are compatible with a wide range of snowmobile models and ski types, so you don't need to worry about custom modifications. : Rocker racks are compatible with a wide range of snowmobile models and ski types, so you don't need to worry about custom modifications. Fast, Tool-Free Mounting : Spend less time in the garage and more time on the snow. Their racks are quick to install and remove. : Spend less time in the garage and more time on the snow. Their racks are quick to install and remove. Lightweight But Strong : Made with weather-resistant, high-performance materials that won't weigh down your sled. : Made with weather-resistant, high-performance materials that won't weigh down your sled. Sleek Design: Function meets form — Rocker racks look just as good as they perform. Whether you're heading out for a full day of ski touring or making quick laps up the hill, Rocker's racks provide peace of mind and allow you to focus on the ride, not your gear. Built for Real Riders, Real Conditions At the end of the day, the best ski racks are the ones that can hold up to your lifestyle. Backcountry riding isn't gentle. It's tough, cold, and unpredictable. That's why a snowmobile ski rack needs to be more than just a place to stash your skis — it needs to work seamlessly with your sled, your gear, and your riding style. Rocker Ski Rack was built with this philosophy in mind. Their racks have been tested in real backcountry conditions, from deep powder to icy trails, and they've become the go-to choice for riders across North America. Final Thoughts: Ride Smarter This Season If you're looking to level up your snowmobile setup this winter, don't overlook your ski transport solution. The best ski racks will save your gear, improve safety, and let you push farther into the backcountry with confidence. So whether you're a seasoned rider or just getting into snowmobile-access skiing, check out Rocker Ski Rack. With rugged construction, sleek design, and rider-approved performance, it's no surprise they're becoming the leading name in snowmobile ski racks. TIME BUSINESS NEWS
