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Not a great quarter for ASV and they reaffirmed their weak 07 guidance (-6.5% to 5.6% rev and -16% to 7.4% EPS).


Highlights for the Fourth Quarter and Fiscal Year 2006

* Full year 2006 sales were $246.1 million compared to $245.1 million in 2005.
* ASV machine sales grew 14% in 2006 to $129.8 million as compared to $113.8 million in 2005. Sales of ASV machines increased both domestically and abroad, with international markets showing considerable strength. Sales of ASV machines outside the U.S. increased 68% in 2006.
* Sales of the VTS product line manufactured by ASV's subsidiary Loegering Mfg. Inc., grew 30% in 2006, and accounted for 75% of Loegering's sales for the year.
* Full year 2006 EPS was $.81 compared to $1.01 in 2005. The full year 2006 EPS figure includes stock-based compensation expense of $.07 per diluted share.
* Total net sales for the fourth quarter of 2006 were $46.1 million as compared to $66.0 million during the fourth quarter of 2005.
* EPS for the fourth quarter of 2006 was $.09 per diluted share compared to $.29 per diluted share for the fourth quarter of 2005.
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