ASV Announces 5th Consecutive Quarter of Record Sales and Earnings; 2005 Full Year Earnings Guidance Increased.

Linked as:

Extract

ASV Announces 5th Consecutive Quarter of Record Sales and Earnings; 2005 Full Year Earnings Guidance Increased.

GRAND RAPIDS, Minn. -- ASV, Inc. (Nasdaq:ASVI):

Highlights for the Second Quarter of 2005

--Quarterly sales grow 45% to a record $56.7 million

--Net earnings increase 48% to a record $6.2 million

--EPS increases 41% to $.45 per share

--Cost management programs and price realization lift gross margin 210 basis points to 24.5%

--Company sees performance as an indication of the market potential for rubber track loaders

--Company increases 2005 full year earnings guidance to $1.70 to $1.77 per share

ASV, Inc. (Nasdaq:ASVI) today reported its fifth consecutive quarter of record sales and earnings results. Net sales for the second q...