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ASV (ASVI)
ASV has dug out a strong position in the market for compact loaders -- small machines with hydraulic shovels to move dirt and construction materials at building sites. Over the last three years, its compounded annual earnings soared an average of 165% on a 75% increase in average annual sales. While it goes head to head with industrial giants such as Ingersoll-Rand with its Bobcat excavators, ASV has an edge: Its equipment runs on rubber tracks using much the same technology that ASV co-founder Edgar Hetteen used to start snowmobile makers Polaris and Arctic Cat. Tracks boast greater traction and disperse weight better than four-wheeled loaders, making them ideal for delicate work on golf courses or vineyards. So good is its track technology that ASV makes the undercarriages for Caterpillar's compacts, and Cat has bought a 23% stake in ASV. This year, demand might slip as home building slows, but ASV is counting on an expanding dealership network and new models to pull it ahead.
Company Info |
|
| 2005 Rank | 35 |
| Market Value* ($ Millions) | 674.7 |
| Sales* ($ Millions) | 256.8 |
| Sales Growth (3-yr. avg. annual) |
75.9 % |
| Profits* ($ Millions) | 29.3 |
| Profit Growth (3-yr. avg. annual) | 165.3 % |
| Return on Inv. Capital (3-yr.) | 14.2 % |
| Share Price 12-Mo. Hi/Lo | 35/16 |
| Share Price As of 4/28/06 | 25 |
| Return on Equity | 17.4 % |
| P/E Ratio | 24 |
| No. of Employees | 264 |
| Industry | Construction & Farm Machinery & Heavy Trucks |
| CURRENT MARKET INFO | ASVI > |
| COMPANY WEB SITE > | |
| Location | Grand Rapids |
| Phone | 218 327-3434 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
A.S.V. engages in the design, manufacture, and sale of track-driven all-season vehicles. It operates in three product lines: Posi-Track, Undercarriage, and Loegering. Posi-Track products are used in the construction, agricultural, landscaping, rental, military, and other markets. Undercarriage products are used as primary components in multi-terrain loader products. Loegering product line comprises traction products for wheeled skid-steers and also provides attachments for the skid-steer market. The company sells its products primarily through independent equipment dealers in the U.S., Canada, Australia, and New Zealand. A.S.V. was founded in 1983 and is based in Grand Rapids, Minn.
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