WDAY.com

WDAZ: Your Home Team

Published May 13, 2010, 04:46 PM

Arctic Cat Back In The Black

Some good news from one of the region's largest employer. Arctic Cat says despite tough times for the recreational vehicle market they made a profit. The company announced today it's 4th quarter revenues and earnings for the year 2010.

By: David Schwab, WDAZ

Some good news from one of the Region's largest employer. Arctic Cat says despite tough times for the recreational vehicle market they made a profit. The company announced today it's 4th quarter revenues and earnings today for the year 2010.

Despite earnings being down by 20 percent for Arctic Cat, the company did make a profit of close to two million dollars. That compares to a net loss of more than $9 million last year. Chairman and CEO, Chris Twomey, says some of the reasons the company is profitable again are because they tightened they tightened budget, lowered inventories, and slightly reduced their work force.

Chris Twomey / Arctic Cat Chairman CEO : "So a nice swing we were able to return the company to profitability, in spite of lower revenues for the year."

Twomey say the forecast for this 2011 recreation market is flat, but because of adjustments they have made the company will stay steady.