Issue link: https://read.dmtmag.com/i/288267
FINANCIAL tising and point of purchase displays also benefit the finance department: "Financing as low as 1.99 percent for approved buyers, this weekend only." While finance managers may cringe at the low rate, many banks still offer flat fees at a certain rate. The finance department benefits by getting a finance deal versus a cash deal, and they also have a better chance of selling 8 • April 8, 2014 • Powersports Business www.PowersportsBusiness.com Where does the finance process begin? STOCK MARKET WATCH DEALER FINANCIAL SNAPSHOT www.PowersportsBusiness.com FINANCE Powersports Business • April 8, 2014 • 9 ARI Network Services reported financial results for its fiscal 2014 second quarter ended Jan. 31. Recurring revenues for the second quarter of fiscal year 2014 were $7.7 million, a 17.1 percent increase over the second quarter of fis- cal year 2013. As a percentage of total revenues, recurring revenues in the second quarter were 94.7 percent in fiscal year 2014 versus 87.9 percent for the same period in fiscal year 2013. Total revenues for the second quarter of fis- cal year 2014 were $8.1 million, an 8.8 percent increase over the same period last year. EBITDA, a non-GAAP measure, adjusted for non-cash charges, was $258,000 in the second quarter of fiscal year 2014, an increase of 7.1 percent compared to the same period last year. Adjusting for the charge for termination benefits noted below, EBITDA would have been $492,000, an increase of 104 percent over the same period last year. As part of the company's ongoing inte- gration of acquisitions, the firm reduced its headcount in the second quarter resulting in FOREIGN CURRENCY EXCHANGE 3/14/14 1 Month Ago 6 Months Ago Year Ago Annual Price Price %Change Price %Change Price %Change High Low Australian Dollar 1.11 1.11 0.2% 1.10 -0.8% 0.96 -13.0% 0.95 1.15 British Pound 0.60 0.60 -0.6% 0.60 0.0% 0.66 10.5% 0.60 0.67 Canadian Dollar 1.11 1.10 -1.0% 1.12 0.8% 1.03 -7.5% 1.00 1.12 Euro 0.72 0.73 1.7% 0.72 0.1% 0.77 7.3% 0.72 0.78 Indian Rupee 61.17 62.09 1.5% 61.00 -0.3% 54.31 -11.2% 53.86 68.14 Indonesian Rupiah 11,355 11,825 4.1% 11,314 -0.4% 9,703 -14.6% 9,690 12,260 Japanese Yen 101.46 101.86 0.4% 101.59 0.1% 96.12 -5.3% 92.86 105.11 Malaysian Ringget 3.28 3.31 0.8% 3.28 -0.1% 3.11 -5.1% 2.96 3.35 Phillipine Peso 44.70 44.74 0.1% 44.85 0.3% 40.63 -9.1% 40.61 45.40 Singapore Dollar 1.27 1.26 -0.4% 1.27 0.0% 1.25 -1.2% 1.23 1.28 South Korean Won 1,072.80 1,063.40 -0.9% 1,070.45 -0.2% 1,109.15 3.4% 1,050.30 1,161.35 Taiwan Dollar 30.33 30.30 -0.1% 30.40 0.2% 29.69 -2.1% 29.36 30.40 Thailand Bhat 32.32 32.59 0.8% 32.15 -0.5% 29.65 -8.3% 28.62 33.13 Note: A positive percent change reflects a weakening of the U.S. dollar and a strengthening of the foreign currency. Source: Wells Fargo Securities LLC POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 3/14/14 2/25/14 Change High Low Arctic Cat, Inc. ACAT $47.95 $45.45 5.5% $61.13 $38.19 ARI Network Services, Inc. ARIS $3.34 $3.25 2.8% $3.51 $2.25 Assurant, Inc. AIZ $65.37 $63.67 2.7% $69.26 $42.90 Brunswick Corp. BC $44.74 $43.70 2.4% $47.08 $29.92 General Electric Co. GE $25.11 $25.27 -0.6% $28.09 $21.11 Harley-Davidson, Inc. HOG $67.22 $63.99 5.0% $70.04 $49.15 Honda Motor Corp. ADR HMC $35.47 $36.24 -2.1% $42.96 $35.10 Orbital Engine Corp. Ltd. ADR OE $2.39 $2.67 -10.7% $4.32 $1.99 Polaris Industries, Inc. PII $138.30 $129.89 6.5% $146.99 $83.20 TCF Financial Corporation TCB $16.35 $15.85 3.2% $17.12 $13.49 Stock Price Price Percent 52-Week Company Ticker 3/14/14 2/25/14 Change High Low ArvinMeritor ARM $11.68 $12.42 -6.0% $12.95 $4.29 ADP ADP $77.55 $77.01 0.7% $83.82 $63.30 Bridgestone Corp. ADR BRDCY $17.56 $18.15 -3.3% $19.17 $15.69 Carlisle Companies CSL $78.02 $77.10 1.2% $80.57 $60.34 Cooper Tire & Rubber CTB $24.36 $24.18 0.7% $34.80 $20.55 Dover Corporation DOV $79.80 $90.00 -11.3% $83.36 $55.95 Intl. Speedway Corp. Cl. A ISCA $33.18 $32.32 2.7% $38.01 $29.30 Deere & Company DE $87.20 $84.05 3.7% $93.88 $79.50 MarineMax, Inc. HZO $15.76 $14.19 11.1% $17.06 $10.17 Spy Inc. XSPY $1.38 $1.38 0.0% $2.25 $0.50 Speedway Motorsports, Inc. TRK $19.48 $19.30 0.9% $20.75 $16.58 Universal Technical Institute UTI $13.00 $13.78 -5.7% $15.16 $9.96 TCF Financial Corporation TCB $16.35 $15.85 3.2% $17.12 $13.49 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities LLC Stock Price Price Percent 52-Week Company Ticker 3/14/14 2/25/14 Change High Low BMW AG BMW-ETR 79.26 € 83.95 € -5.6% 87.16 € 63.27 € BRP, Inc. DOO-TSE $30.67 $28.40 8.0% $31.30 $23.41 Kawasaki Heavy Industries 7012-TKS 379 ¥ 420 ¥ -9.8% 496 ¥ 272 ¥ KTM Powersports AG KTM-WBO 72.50 € 75.00 € -3.3% 80.02 € 49.70 € Michelin ML-PAR 87.21 € 88.74 € -1.7% 93.39 € 57.23 € NGK Sparkplug 5334-TKS 2300 ¥ 2317 ¥ -0.7% 2643 ¥ 1335 ¥ Suzuki Motor 7269-TKS 2565 ¥ 2718 ¥ -5.6% 2982 ¥ 2049 ¥ Yamaha Motor 7272-TKS 1480 ¥ 1534 ¥ -3.5% 1825 ¥ 1144 ¥ Yokohama Rubber 5101-TKS 951 ¥ 972 ¥ -2.2% 1312 ¥ 829 ¥ DOMESTIC STOCKS OF INTEREST See Gallmeier, Page 10 F&I SOLUTIONS ARI revenue rises 8 percent over 2013 See ARI, Page 10 P08x10-PSB5-Finance.indd 9 3/27/14 10:51 AM