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wave is on top of the fiscal 2017 first quarter introduction of six all-new models, featur- ing the versatile and powerful HDX Crew six-passenger utility vehicle, the Prowler utility vehicle and the Alterra TRV with 2Up passenger seating. Arctic Cat expects these exciting new products to drive topline and bottom line growth in the second half of fis- cal 2017. Snowmobile sales in the fiscal 2017 second quarter were down 12.9 percent to $95.7 mil- lion versus $109.9 million in the prior-year quarter, due to lower North American sales volumes of Arctic Cat products and an increase in incentives, partially offset by increased ship- ments to our OEM partner. Year-to-date snow- mobile sales totaled $136.2 million, down 19 percent compared to $168.1 million in the year-ago period. Sales of parts, garments and accessories (PG&A) in the fiscal 2017 second quarter were down 18.3 percent to $24.9 million versus $30.5 million in the prior-year quar- ter. The decline is primarily attributable to a sluggish powersports market and lower pre- season sales of snow-related items, resulting from elevated dealer inventories as a result of poor snowfall in key geographies for the past two consecutive years. Year-to-date, PG&A sales totaled $45.5 million, down 15.4 percent from $53.8 million in the first half of fiscal 2016. FINANCING AGREEMENT In November, Arctic Cat signed a commit- ment letter to amend its senior secured revolv- ing credit agreement. The amendment would extend the term of the agreement to November 2021 and permit borrowings up to $130 mil- lion year round. Arctic Cat expects the amend- ment to be finalized prior to Dec. 1. 2017 FULL-YEAR OUTLOOK Commenting on the company's outlook, Metz stated: "We continue to face ongoing chal- lenges in fiscal 2017, with a soft and increas- ingly competitive powersports marketplace, and continued headwinds from foreign cur- rency. We are positioning Arctic Cat to capi- talize on tremendous growth opportunities through new product innovation and strategic partnerships. We are highly encouraged by our progress in these areas, and we expect future contributions from each. As we invest to sup- port our strategic initiatives, we are cutting costs and manufacturing output to improve free cash flow and earnings. We believe that our balanced approach, along with our new bank agreement, will enable us to realize Arctic Cat's long-term growth potential." For the fiscal year ending March 31, Arc- tic Cat is lowering its estimated full-year net sales and earnings range, reflecting a weakened powersports market, unfavorable macroeconomic trends, unfavorable product mix, and a highly competitive promotional environment. The company now anticipates fiscal 2017 net sales of $600 million to $640 million. PSB www.PowersportsBusiness.com Arctic Cat Inc. launched its 2017 line of SPEED High Performance Accessories for side-by-sides at the SEMA show in Las Vegas in early November. Consisting of 33 race- inspired items designed in partnership with off-road racing legend Robby Gordon and accessory innovator Todd Romano, the SPEED lineup delivers pro-level perfor- mance and customization options for Arctic Cat Wildcat enthusiasts. "SPEED is the culmination of Robby's uncompromising pursuit of off-road riding excellence, Todd's creative vision and Arctic Cat quality," said Steve Nadler, Arctic Cat vice president and general manager of parts, gar- ments and accessories. "It's the fruit of seven career Baja off-road wins, five consecutive SCORE championships and a passion for per- fection. Each item was carefully developed for its innovative design and proven, professional- grade quality." The SPEED line offers high performance, precision-crafted products for enthusiasts to customize their Wildcat side-by-sides in their own style and for the way they ride. Some of the 2017 SPEED accessories include: high- back performance and suspension seats for ultimate riding comfort; an array of excellent LED lighting options; stylish, lightweight alu- minum racing wheels; a premium audio sys- tem; race-inspired contoured steering wheels; communication and intercom kits; SPEED garments, helmet, bags and more. SPEED High Performance Accessories will be available exclusively at Arctic Cat dealers beginning in early 2017. PSB Arctic Cat launches 2017 off-road accessories line Arctic Cat's SPEED line of accessories was unveiled at SEMA. ARCTIC CAT Q2 CONTINUED FROM PAGE 19