ASV Holdings, Inc. Announces Dealer Meeting Success
September 18 2018 - 11:39AM
Business Wire
New Product Launches, New Dealer Sales
Incentive Programs, Product Trials and Demos, and New Orders
Highlight the September 11-12 Event
ASV Holdings, Inc. (NASDAQ: ASV), a leading provider of
rubber-tracked compact track loaders and wheeled skid steer loaders
in the compact construction equipment market, today commented on
the recently completed “Dealer Meeting” event that the company
hosted in Grand Rapids, Minnesota on September 11-12, 2018.
Approximately 30 of ASV’s executive and senior sales and marketing
leaders were on hand for the two-day event.
Approximately 140 people, representing 75 of the company’s
equipment dealers attended the event, spanning 100 locations in 20
states and Canada. Two new products, the RT-25 and RT-65 were
unveiled, and the company led focused break-out sessions to discuss
new incentive programs intended to expand sales for the company’s
compact track loader and skid steer loader products. Attendees also
enjoyed a half-day at ASV’s test track facility to watch live demos
and operate the RT-25, RT-40, VT-70, RT-75, RS-75 and VS-75 as well
as competitors’ machines. Several vendors in attendance were
on-hand to provide dealers the opportunity to explore financing,
expanded retail servicing and machine attachments, with custom
mulching, concrete, and road milling equipment on display and
available for sale. During the gala dinner, ASV acknowledged and
honored over 20 dealers with 10 years or more representation of the
company, and also awarded two 20-year dealers and a rookie of the
year dealer with awards for their performance and longstanding work
with ASV.
Outstanding power, ground clearance, traction, floatation,
comfort and serviceability of the product line remain the most
widely-known and heralded characteristics of the industry-leading
brand, which is all about getting great work done in more places.
The company also today announced that it has received initial
orders for new machines for 2018 and 2019 deliveries from this
event, including the newly introduced products.
Justin Rupar, Vice President of Sales & Marketing, said, “We
are grateful for the commitment from our dealers to visit the Grand
Rapids headquarters to meet with the team, and discuss how our new
products and new co-op marketing, promotional, financing and
discounting programs will enable us to achieve the maximum results
for our collective growth opportunities. We look forward to
continuing to work together with each of our dealers, new and old,
large and small, domestic and abroad to ensure success of the
brand, and continued growth in our businesses.”
About ASV Holdings, Inc.
ASV Holdings, Inc. is a designer and manufacturer of compact
construction equipment. Its patented Posi-Track rubber tracked,
multi-level suspension undercarriage system provides a competitive
market differentiator for its Compact Track Loader (CTL) product
line with brand attributes of power, performance and
serviceability. Its wheeled Skid Steer Loaders (SSLs) also share
the common brand attributes. Equipment is sold through an
independent dealer network throughout North America, Australia, and
New Zealand. The company also sells OEM equipment and aftermarket
parts. ASV owns and operates a 238,000 square-foot production
facility in Grand Rapids, MN.
Forward-Looking Statements
This release contains forward-looking statements. In some cases,
you can identify forward-looking statements by terminology such as
“may,” “should,” “expects,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” “potential,” “intends” or “continue,” and
other similar expressions that are predictions of or indicate
future events and future trends, or the negative of these terms or
other comparable terminology. Forward-looking statements in this
release include, without limitation: (1) projections of revenue,
earnings, capital structure and other financial items, (2)
statements of our plans and objectives, (3) statements regarding
the capabilities and capacities of our business operations, (4)
statements of expected future economic conditions and the effect on
us and on dealers or OEM customers, (5) expected benefits of our
cost reduction measures, and (6) assumptions underlying statements
regarding us or our business. Our actual results may differ from
information contained in these forward looking-statements for many
reasons, including those described in the section entitled “Risk
Factors” in our Form 10K for the year ended December 31, 2017,
which is available on our EDGAR page at www.sec.gov. These
statements are only current predictions and are subject to known
and unknown risks, uncertainties and other factors that may cause
our or our industry’s actual results, levels of activity,
performance or achievements to be materially different from those
anticipated by the forward-looking statements. We discuss many of
these risks in greater detail under the heading “Risk Factors” and
elsewhere in the Form 10K. You should not rely upon forward-looking
statements as predictions of future events. Although we believe
that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements. Except as required by law,
after the date of this release, we are under no duty to update or
revise any of the forward-looking statements, whether as a result
of new information, future events or otherwise. We obtained the
industry, market and competitive position data in this release from
our own internal estimates and research as well as from industry
and general publications and research surveys and studies conducted
by third parties. While we believe that each of these studies and
publications is reliable, we have not independently verified market
and industry data from third-party sources. While we believe our
internal company research is reliable and the market definitions we
use are appropriate, neither such research nor these definitions
have been verified by any independent source. We from time to time
refer to various non-GAAP financial measures in this release. We
believe that this information is useful to understanding our
operating results by excluding certain items that may not be
indicative of our core operating results and business outlook.
Reference to these non-GAAP financial measures should not be
considered as a substitute for, or superior to, results that are
presented in a manner consistent with GAAP. Rather, the non-GAAP
financial information should be considered in addition to results
that are presented in a manner consistent with GAAP.
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version on businesswire.com: https://www.businesswire.com/news/home/20180918005802/en/
Investor Contacts:Darrow Associates, Inc.Peter
Seltzberg, 516-419-9915Managing Director, Investor
Relationspseltzberg@darrowir.comorASV Holdings, Inc.Andrew
Rooke, 218-327-5389Chief Executive OfficerAndrew.rooke@asvi.com
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