Arctic Cat (NASDAQ: ACAT) is a North American manufacturer of snowmobiles and all-terrain vehicles. The company was formed in 1961 and is based in Thief River Falls, MN.
Arctic Cat Inc. (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat brand name, as well as related parts, garments and accessories. The Company markets its products through a network of independent dealers located throughout the United States, Canada and Europe, and through distributors representing dealers in Europe, the Middle East, Asia and other international markets.
Snowmobiles
The Company produces a line of snowmobiles, consisting of 42 models, marketed under the Arctic Cat brand name. Arctic Cat snowmobiles are sold in the United States, Canada, Scandinavia and other international markets. The Company's snowmobile models are categorized as Performance, Mountain, Crossover, Touring and Utility. It markets Performance Arctic Cat models under the names F series, CFR, Z1, Z1 Turbo and Sno Pro; Mountain models under the name M series; Crossover models under the name Crossfire; Touring models under the name T series; and Utility models under the name Bearcat. In addition, to encourage family involvement in snowmobiling, the Company offers a youth snowmobile marketed under the Sno Pro120 name.
Arctic Cat snowmobiles offer a range of standard and optional features, which enhance their operation, riding comfort and performance. Such features include electronic fuel injection (EFI), direct drive, hydraulic disc brakes, remote starters, heated seats, and a technologically advanced front and rear suspension. The Company introduced a snowmobile with a turbo charged four-stroke inter-cooled engine. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company’s snowmobiles accounted for 36% of the Company’s revenues.
All-Terrain Vehicles
Arctic Cat line has 19 models of ATVs. Features include independent front and rear suspensions, hydraulic disc brakes, hi-low range transmission, long travel suspension with high ground clearance, MRP speedracks, automatic transmissions, selectable two-wheel drive/ four-wheel drive shaft drive, locking differentials, electronic fuel injection, fuel tank and power steering. The Company has two rider models that provide alternative for customers that want to ride double on an ATV. During fiscal 2010, ATV’s accounted for 42% of the Company’s revenues.
Parts, Garments and Accessories
The Company is a provider of genuine Arctic Cat snowmobile and ATV parts, garments and accessories. Included are replacement parts and accessory items to upgrade Arctic Cat snowmobiles, such as electric start and reverse kits, luggage racks and bags, backrests, machine covers, windshields and colored accessories. Other items include maintenance supplies, such as oil and fuel additives, track studs and carbide runners. Arctic Cat ATV parts and accessories include winch kits, snow plow kits, MRP speedrack accessories, portable lights, utility bags track kits, Speedpoint attachments and maintenance supplies.
The Company offers snowmobile garments for adults and children under the Arcticwear and Drift labels. Suits, jackets, pants and accessory garments are offered in a range of styles and sizes combining fashion with functional utility designed for the demands of snowmobiling and other winter activities. The Arcticwear line of clothing also includes pull-overs, riding gloves, hats, helmets, boots, gear bags, sweatshirts, t-shirts and caps. The colors and designs of many of these items are coordinated with specific Arctic Cat snowmobile models. The Company offers ATV garments under the Arcticwear ATV Gear label. This line of clothing is geared toward function and comfort, and includes suits, jackets, gloves, helmets, gear bags, sweatshirts, t-shirts and caps. During fiscal 2010, parts, garments and accessories accounted for 22% of the Company’s revenues.
During the first half of the 1990s, Arctco continued to enjoy impressive success, making its entry into the personal watercraft market and recording 21.5 percent annual growth in sales and 21.7 percent annual growth in net income. By 1994, when the company generated $268.1 million in sales, Arctco had surpassed the revenue volume recorded by Arctic Enterprises before its death knell had reverberated throughout Thief River Falls in 1981. As the company planned for the late 1990s and the new century ahead, prospects for future growth were encouraging, bolstering confidence that the coming years would bring continued success to the thriving company.
During the mid-1990s the North American snowmobile industry was expanding at a 20 percent annual clip, while the market for personal watercraft (PWC), the company's other primary business area, was recording annual gains in excess of 30 percent. In 1993 when Arctco began its PWC division by introducing its Tigershark brand, earnings remained strong and the company infrastructure looked very solid once again. In addition, Arctco had established a new company presence in the South, where dealers agreed to carry the Tigershark brand of PWC and its line of accessories. The next few years, however, found the PWC division unable to establish a solid foothold in the industry and by 1998 PWC earnings were down by 7 percent and the company's watercraft future appeared uncertain.
While Arctco's watercraft division was floundering, further opportunities for financial growth were opened to the company when it made its first foray into the market for all-terrain vehicles, a $1.2 billion industry during the mid-1990s that was recording nearly 20 percent annual growth. In January 1996, Arctco's first four-wheel-drive recreational and utility vehicle, the Bearcat 454, rolled off the company's production line, giving Arctco a diversified, cross-seasonal product line to drive its growth in the years ahead. Although finding it difficult to assert itself in the competitive field of PWC, Arctco seemed to have found its niche in the ATV arena. Following an aggressive marketing campaign targeted at its ATV products, Arctco posted a net earnings figure up 39 percent for 1997.
By the end of 1998 PWC sales for the company were significantly down and, faced with increasing competition and a significant loss of market share, Arctco announced its plans to exit the watercraft industry beginning in September 1999. The company's decision to pull out of PWC manufacturing came at the high pretax cost of $26.2 million, or $0.66 per share; the total cost amounted to a hefty $16.9 million after taxes.
In the midst of its expansion from snowmobiles into cross-seasonal products such as PWC and ATVs, Arctco changed its name in August 1996 to Arctic Cat Inc. The company had been urged by its dealers to rename itself. The more than 1,200 independent dealers nationwide were convinced that the Arctic Cat brand name had stronger name recognition with both customers and potential shareholders than did the previously used Arctco. With high customer brand loyalty in recreational and utility vehicles, the dealers reasoned that products produced by Arctic Cat Inc. would meet with greater enthusiasm than those manufactured by the little known Arctco.
In 1997 the newly named Arctic Cat continued its strong push into the ATV market. The company attributed its success to producing vehicles with competitive features while maintaining the lowest sticker price in each class. Arctic Cat continued to produce significant numbers of new ATV models and in 1997 it produced its line of 300s, offering both two-wheel-drive and four-wheel-drive vehicles. When asked about the company's plans to expand production for the ATV market, company spokesperson Mark Blackwell told Dealernews, 'The new 300's are not the last of it. We will introduce additional new models ... even during the next year. We are a market driven company and will respond to what the customers are asking for.'
In keeping with its market-driven approach Arctic Cat surveyed ATV consumers and its research indicated that the primary uses of ATVs were for general recreation. The company's own figures from the D.J Brown Composite Index and Arctic Cat Inc. indicated that 41 percent of ATV buyers used their vehicles for recreation, 23 percent for hunting or fishing, 12 percent for farm or ranch use, 7 percent for hauling and towing, 7 percent for transportation, and 1 percent for commercial use. The numbers further indicated that the typical buying cycle was 3.6 years. Arctic Cat continued to diversify its line of vehicles accordingly, manufacturing ATVs and snowmobiles to meet the diverse needs of its customers.
In 1997 Arctic Cat reconfigured its means of supplying dealers by establishing a new distribution center in Bucyrus, Ohio. The new distribution center's location was chosen in part because it was located near a United Parcel Service (UPS) hub in Columbus, Ohio. The new 225,000-square-foot center allowed the company to move its products out quickly and efficiently and also to free up much needed production space at its Thief River Falls manufacturing facility.
In 1997 Arctic Cat faced litigation. Injection Research Specialists Inc. and Pacer Industries filed suit against the snowmobile manufacturer, maintaining that Arctic Cat, in purchasing engines from Fuji Heavy Industries, a Japanese supplier of a two-stroke electronic fuel injection system, had violated trade secrets. A similar suit had been filed against Arctic Cat's major competitor Polaris a year earlier but with differing results. The suit against Arctic Cat was dismissed in December 1998, whereas the suit against Polaris resulted in the defendant being ordered to pay $33.8 million, with a total pretax litigation cost to Polaris of $61.4 million.
Although fortunate in its legal battle Arctic Cat suffered big losses toward the end of the 1990s. Snowfall was significantly down in 1998 and 1999 and company earnings fell from $25 million in 1998 to $7.6 million in 2000.
Despite heavy losses Arctic Cat invested in new manufacturing technology in 2000. The CAD/CAM/CAE technology was as sophisticated as those technologies used by aerospace and automotive companies and allowed Arctic Cat to make major improvements in design and manufacturing. Company engineers could now achieve greater precision when building a machine and the company saved money in producing its pre-production molds. The result was that the company improved its design ability, its production capability, and, therefore, customer satisfaction.
While working on better technology for the snowmobile division, Arctic Cat launched a million-dollar safety campaign for young riders of ATVs. According to the U.S. Consumer Product Safety Commission (CPSC), more than 3,400 ATV-related deaths had occurred since 1982. 'Four out of every 10 involved children under the age of 16.' The new safety campaign utilized an interactive CD-ROM game and was sent free of charge to schools and libraries and was available to families who purchased ATVs.
With early snowfall in the closing months of 2000, Arctic Cat's quarterly net income quintupled to $21 million. The new century saw Arctic Cat introducing a new line of four-stroke snowmobiles to meet with consumer and government interest in snowmobiles that were quieter and more environmentally friendly. The top-of-the-line sleds were given a trial at Yellowstone National Park during the 2000-01 season. The U.S. Department of the Interior announced that snowmobiles would be banned from use in Yellowstone starting in 2003. The four-stroke technology was aimed to address the environmental concerns and put Arctic Cat Inc. once more on the cutting edge of product development.
Principal Subsidiaries: Arctco FSC, Inc. (U.S. Virgin Islands).
Principal Competitors: Polaris Industries, Inc.; Bombardier, Inc.; Yamaha Motor Corp.; Kawasaki Motors Corp.
OVERALL
Beta: 1.96
Market Cap (Mil.): $306.85
Shares Outstanding (Mil.): 18.28
Annual Dividend: --
Yield (%): --
FINANCIALS
ACAT.O Industry Sector
P/E (TTM): 24.05 3.63 9.39
EPS (TTM): 332.80 -- --
ROI: 6.90 0.36 0.84
ROE: 7.03 1.01 1.53
Statistics:
Public Company
Incorporated: 1983 as Arctco, Inc.
Employees: 1,700
Sales: $484.01 million (2000)
Stock Exchanges: NASDAQ
Ticker Symbol: ACAT
NAIC: 336999 All Other Transportation Equipment; 315211 Men's and Boys Cut and Sew Apparel Contractors; 315239 Women and Girls Cut and Sew Other Outwear
Key Dates:
1955: Pete Peterson commissions 'gas-powered' sled from Hetteen Hoist and Derrick.
1958: Snowmobiles become primary business of Hetteen Hoist and Derrick, later renamed Polaris Industries.
1960: Hetteen sells controlling interest in Polaris Industries.
1961: Hetteen moves operations to Thief River Falls, Minnesota, and founds Polar Manufacturing Company.
1962: Polar Manufacturing is renamed Arctic Enterprises, Inc.; Arctic Cat 100, the first front-engined sport sled, is introduced.
1969: Annual sales reach $21.7 million.
1970: Arctic Enterprises acquires Silverline Inc. of Moorhead, Minnesota.
1977: Lund Boat Company is acquired.
1981: Sales plummet and bankers call Arctic Enterprises' $48.5 million in loans; company files for bankruptcy.
1983: Arctco, Inc. is founded by Edgar Hetteen and investors.
1990: Arctco, Inc. goes public.
1993: Company enters personal watercraft industry.
1996: Company produces the first of its all-terrain vehicles (ATVs); Arctco changes its name to Arctic Cat Inc.
1997: Arctic Cat opens a distribution center in Bucyrus, Ohio.
1999: Arctic Cat closes its Personal Watercraft Division.
Name Age Since Current Position
Twomey, Christopher 62 2011 Executive Chairman of the Board
Jordan, Claude 54 2011 President, Chief Executive Officer, Director
Delmore, Timothy 56 1989 Chief Financial Officer, Corporate Secretary
Fisher, Paul 53 2010 Vice President - Operations
Blount, Terry 67 1996 Vice President - Human Resources
Walker, Mary 55 2007 Vice President, General Manager - Parts, Garments and Accessories
Darling, Brad 45 2011 Vice President and General Manager - Snowmobile Division
Skime, Roger 67 1983 Vice President - Snowmobile Research & Development
Roering, Kenneth 68 Lead Director
Ostrander, Gregg 58 1995 Director
Lester, Susan 53 2004 Director
Masayoshi, Ito 56 2004 Director
Christianson, Tony 58 2009 Director
Koch, D. Christian 46 2009 Director
Address:
600 Brooks Avenue South
Thief River Falls, Minnesota 56701
U.S.A.
Arctic Cat Inc. (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat brand name, as well as related parts, garments and accessories. The Company markets its products through a network of independent dealers located throughout the United States, Canada and Europe, and through distributors representing dealers in Europe, the Middle East, Asia and other international markets.
Snowmobiles
The Company produces a line of snowmobiles, consisting of 42 models, marketed under the Arctic Cat brand name. Arctic Cat snowmobiles are sold in the United States, Canada, Scandinavia and other international markets. The Company's snowmobile models are categorized as Performance, Mountain, Crossover, Touring and Utility. It markets Performance Arctic Cat models under the names F series, CFR, Z1, Z1 Turbo and Sno Pro; Mountain models under the name M series; Crossover models under the name Crossfire; Touring models under the name T series; and Utility models under the name Bearcat. In addition, to encourage family involvement in snowmobiling, the Company offers a youth snowmobile marketed under the Sno Pro120 name.
Arctic Cat snowmobiles offer a range of standard and optional features, which enhance their operation, riding comfort and performance. Such features include electronic fuel injection (EFI), direct drive, hydraulic disc brakes, remote starters, heated seats, and a technologically advanced front and rear suspension. The Company introduced a snowmobile with a turbo charged four-stroke inter-cooled engine. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company’s snowmobiles accounted for 36% of the Company’s revenues.
All-Terrain Vehicles
Arctic Cat line has 19 models of ATVs. Features include independent front and rear suspensions, hydraulic disc brakes, hi-low range transmission, long travel suspension with high ground clearance, MRP speedracks, automatic transmissions, selectable two-wheel drive/ four-wheel drive shaft drive, locking differentials, electronic fuel injection, fuel tank and power steering. The Company has two rider models that provide alternative for customers that want to ride double on an ATV. During fiscal 2010, ATV’s accounted for 42% of the Company’s revenues.
Parts, Garments and Accessories
The Company is a provider of genuine Arctic Cat snowmobile and ATV parts, garments and accessories. Included are replacement parts and accessory items to upgrade Arctic Cat snowmobiles, such as electric start and reverse kits, luggage racks and bags, backrests, machine covers, windshields and colored accessories. Other items include maintenance supplies, such as oil and fuel additives, track studs and carbide runners. Arctic Cat ATV parts and accessories include winch kits, snow plow kits, MRP speedrack accessories, portable lights, utility bags track kits, Speedpoint attachments and maintenance supplies.
The Company offers snowmobile garments for adults and children under the Arcticwear and Drift labels. Suits, jackets, pants and accessory garments are offered in a range of styles and sizes combining fashion with functional utility designed for the demands of snowmobiling and other winter activities. The Arcticwear line of clothing also includes pull-overs, riding gloves, hats, helmets, boots, gear bags, sweatshirts, t-shirts and caps. The colors and designs of many of these items are coordinated with specific Arctic Cat snowmobile models. The Company offers ATV garments under the Arcticwear ATV Gear label. This line of clothing is geared toward function and comfort, and includes suits, jackets, gloves, helmets, gear bags, sweatshirts, t-shirts and caps. During fiscal 2010, parts, garments and accessories accounted for 22% of the Company’s revenues.
During the first half of the 1990s, Arctco continued to enjoy impressive success, making its entry into the personal watercraft market and recording 21.5 percent annual growth in sales and 21.7 percent annual growth in net income. By 1994, when the company generated $268.1 million in sales, Arctco had surpassed the revenue volume recorded by Arctic Enterprises before its death knell had reverberated throughout Thief River Falls in 1981. As the company planned for the late 1990s and the new century ahead, prospects for future growth were encouraging, bolstering confidence that the coming years would bring continued success to the thriving company.
During the mid-1990s the North American snowmobile industry was expanding at a 20 percent annual clip, while the market for personal watercraft (PWC), the company's other primary business area, was recording annual gains in excess of 30 percent. In 1993 when Arctco began its PWC division by introducing its Tigershark brand, earnings remained strong and the company infrastructure looked very solid once again. In addition, Arctco had established a new company presence in the South, where dealers agreed to carry the Tigershark brand of PWC and its line of accessories. The next few years, however, found the PWC division unable to establish a solid foothold in the industry and by 1998 PWC earnings were down by 7 percent and the company's watercraft future appeared uncertain.
While Arctco's watercraft division was floundering, further opportunities for financial growth were opened to the company when it made its first foray into the market for all-terrain vehicles, a $1.2 billion industry during the mid-1990s that was recording nearly 20 percent annual growth. In January 1996, Arctco's first four-wheel-drive recreational and utility vehicle, the Bearcat 454, rolled off the company's production line, giving Arctco a diversified, cross-seasonal product line to drive its growth in the years ahead. Although finding it difficult to assert itself in the competitive field of PWC, Arctco seemed to have found its niche in the ATV arena. Following an aggressive marketing campaign targeted at its ATV products, Arctco posted a net earnings figure up 39 percent for 1997.
By the end of 1998 PWC sales for the company were significantly down and, faced with increasing competition and a significant loss of market share, Arctco announced its plans to exit the watercraft industry beginning in September 1999. The company's decision to pull out of PWC manufacturing came at the high pretax cost of $26.2 million, or $0.66 per share; the total cost amounted to a hefty $16.9 million after taxes.
In the midst of its expansion from snowmobiles into cross-seasonal products such as PWC and ATVs, Arctco changed its name in August 1996 to Arctic Cat Inc. The company had been urged by its dealers to rename itself. The more than 1,200 independent dealers nationwide were convinced that the Arctic Cat brand name had stronger name recognition with both customers and potential shareholders than did the previously used Arctco. With high customer brand loyalty in recreational and utility vehicles, the dealers reasoned that products produced by Arctic Cat Inc. would meet with greater enthusiasm than those manufactured by the little known Arctco.
In 1997 the newly named Arctic Cat continued its strong push into the ATV market. The company attributed its success to producing vehicles with competitive features while maintaining the lowest sticker price in each class. Arctic Cat continued to produce significant numbers of new ATV models and in 1997 it produced its line of 300s, offering both two-wheel-drive and four-wheel-drive vehicles. When asked about the company's plans to expand production for the ATV market, company spokesperson Mark Blackwell told Dealernews, 'The new 300's are not the last of it. We will introduce additional new models ... even during the next year. We are a market driven company and will respond to what the customers are asking for.'
In keeping with its market-driven approach Arctic Cat surveyed ATV consumers and its research indicated that the primary uses of ATVs were for general recreation. The company's own figures from the D.J Brown Composite Index and Arctic Cat Inc. indicated that 41 percent of ATV buyers used their vehicles for recreation, 23 percent for hunting or fishing, 12 percent for farm or ranch use, 7 percent for hauling and towing, 7 percent for transportation, and 1 percent for commercial use. The numbers further indicated that the typical buying cycle was 3.6 years. Arctic Cat continued to diversify its line of vehicles accordingly, manufacturing ATVs and snowmobiles to meet the diverse needs of its customers.
In 1997 Arctic Cat reconfigured its means of supplying dealers by establishing a new distribution center in Bucyrus, Ohio. The new distribution center's location was chosen in part because it was located near a United Parcel Service (UPS) hub in Columbus, Ohio. The new 225,000-square-foot center allowed the company to move its products out quickly and efficiently and also to free up much needed production space at its Thief River Falls manufacturing facility.
In 1997 Arctic Cat faced litigation. Injection Research Specialists Inc. and Pacer Industries filed suit against the snowmobile manufacturer, maintaining that Arctic Cat, in purchasing engines from Fuji Heavy Industries, a Japanese supplier of a two-stroke electronic fuel injection system, had violated trade secrets. A similar suit had been filed against Arctic Cat's major competitor Polaris a year earlier but with differing results. The suit against Arctic Cat was dismissed in December 1998, whereas the suit against Polaris resulted in the defendant being ordered to pay $33.8 million, with a total pretax litigation cost to Polaris of $61.4 million.
Although fortunate in its legal battle Arctic Cat suffered big losses toward the end of the 1990s. Snowfall was significantly down in 1998 and 1999 and company earnings fell from $25 million in 1998 to $7.6 million in 2000.
Despite heavy losses Arctic Cat invested in new manufacturing technology in 2000. The CAD/CAM/CAE technology was as sophisticated as those technologies used by aerospace and automotive companies and allowed Arctic Cat to make major improvements in design and manufacturing. Company engineers could now achieve greater precision when building a machine and the company saved money in producing its pre-production molds. The result was that the company improved its design ability, its production capability, and, therefore, customer satisfaction.
While working on better technology for the snowmobile division, Arctic Cat launched a million-dollar safety campaign for young riders of ATVs. According to the U.S. Consumer Product Safety Commission (CPSC), more than 3,400 ATV-related deaths had occurred since 1982. 'Four out of every 10 involved children under the age of 16.' The new safety campaign utilized an interactive CD-ROM game and was sent free of charge to schools and libraries and was available to families who purchased ATVs.
With early snowfall in the closing months of 2000, Arctic Cat's quarterly net income quintupled to $21 million. The new century saw Arctic Cat introducing a new line of four-stroke snowmobiles to meet with consumer and government interest in snowmobiles that were quieter and more environmentally friendly. The top-of-the-line sleds were given a trial at Yellowstone National Park during the 2000-01 season. The U.S. Department of the Interior announced that snowmobiles would be banned from use in Yellowstone starting in 2003. The four-stroke technology was aimed to address the environmental concerns and put Arctic Cat Inc. once more on the cutting edge of product development.
Principal Subsidiaries: Arctco FSC, Inc. (U.S. Virgin Islands).
Principal Competitors: Polaris Industries, Inc.; Bombardier, Inc.; Yamaha Motor Corp.; Kawasaki Motors Corp.
OVERALL
Beta: 1.96
Market Cap (Mil.): $306.85
Shares Outstanding (Mil.): 18.28
Annual Dividend: --
Yield (%): --
FINANCIALS
ACAT.O Industry Sector
P/E (TTM): 24.05 3.63 9.39
EPS (TTM): 332.80 -- --
ROI: 6.90 0.36 0.84
ROE: 7.03 1.01 1.53
Statistics:
Public Company
Incorporated: 1983 as Arctco, Inc.
Employees: 1,700
Sales: $484.01 million (2000)
Stock Exchanges: NASDAQ
Ticker Symbol: ACAT
NAIC: 336999 All Other Transportation Equipment; 315211 Men's and Boys Cut and Sew Apparel Contractors; 315239 Women and Girls Cut and Sew Other Outwear
Key Dates:
1955: Pete Peterson commissions 'gas-powered' sled from Hetteen Hoist and Derrick.
1958: Snowmobiles become primary business of Hetteen Hoist and Derrick, later renamed Polaris Industries.
1960: Hetteen sells controlling interest in Polaris Industries.
1961: Hetteen moves operations to Thief River Falls, Minnesota, and founds Polar Manufacturing Company.
1962: Polar Manufacturing is renamed Arctic Enterprises, Inc.; Arctic Cat 100, the first front-engined sport sled, is introduced.
1969: Annual sales reach $21.7 million.
1970: Arctic Enterprises acquires Silverline Inc. of Moorhead, Minnesota.
1977: Lund Boat Company is acquired.
1981: Sales plummet and bankers call Arctic Enterprises' $48.5 million in loans; company files for bankruptcy.
1983: Arctco, Inc. is founded by Edgar Hetteen and investors.
1990: Arctco, Inc. goes public.
1993: Company enters personal watercraft industry.
1996: Company produces the first of its all-terrain vehicles (ATVs); Arctco changes its name to Arctic Cat Inc.
1997: Arctic Cat opens a distribution center in Bucyrus, Ohio.
1999: Arctic Cat closes its Personal Watercraft Division.
Name Age Since Current Position
Twomey, Christopher 62 2011 Executive Chairman of the Board
Jordan, Claude 54 2011 President, Chief Executive Officer, Director
Delmore, Timothy 56 1989 Chief Financial Officer, Corporate Secretary
Fisher, Paul 53 2010 Vice President - Operations
Blount, Terry 67 1996 Vice President - Human Resources
Walker, Mary 55 2007 Vice President, General Manager - Parts, Garments and Accessories
Darling, Brad 45 2011 Vice President and General Manager - Snowmobile Division
Skime, Roger 67 1983 Vice President - Snowmobile Research & Development
Roering, Kenneth 68 Lead Director
Ostrander, Gregg 58 1995 Director
Lester, Susan 53 2004 Director
Masayoshi, Ito 56 2004 Director
Christianson, Tony 58 2009 Director
Koch, D. Christian 46 2009 Director
Address:
600 Brooks Avenue South
Thief River Falls, Minnesota 56701
U.S.A.