Company Quick10K Filing
ASV Holdings
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 10 $17
10-Q 2019-07-31 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-03-29 Annual: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-03-22 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-06-22 Quarter: 2017-03-31
8-K 2019-09-11 M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Exhibits
8-K 2019-09-04 Shareholder Vote, Other Events, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-06-26 Enter Agreement, Officers, Other Events, Exhibits
8-K 2019-06-13 Shareholder Vote
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-04-09 Regulation FD, Exhibits
8-K 2019-04-01 Regulation FD, Exhibits
8-K 2019-03-29 Earnings, Exhibits
8-K 2019-03-14 Earnings, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-06-07 Shareholder Vote
8-K 2018-05-18 Accountant, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-03-22 Earnings, Exhibits
8-K 2018-03-09 Earnings, Exhibits
8-K 2018-03-09 Regulation FD, Exhibits
8-K 2018-01-08 Officers

ASV Holdings Financials

ASV Metrics, Comps, Filings

Annual | Quarterly

Business

ASV Holdings, Inc. (formerly A.S.V., LLC) (referred to herein as "ASV," "the Company," "we," "our" and/or "us") designs and manufactures a broad range of high-quality compact track loader ("CTL") and skid steer loader ("SSL") equipment, marketed through a distribution network in North America, Australia and New Zealand under the ASV brand. We also serve as a private label original equipment manufacturer ("OEM") for several manufacturers. Our products are used principally in the construction, agricultural and forestry industries. As a full-service manufacturer, we provide pre- and post-sale dealer support, after-sale technical support and replacement parts supplied from our dedicated logistics center. We also supply a limited version of our assembled undercarriage sets to Caterpillar for one configuration of Caterpillar's multi-terrain CTL machines marketed under the CAT brand under a supply contract with Caterpillar.

A.S.V., Inc. was founded in 1983 and launched its first CTL machine in 1990. It launched as a publicly-traded company on Nasdaq in 1994 and operated as a public company until it was acquired by Terex Corporation ("Terex") on March 3, 2008. On December 19, 2014, Manitex International, Inc. ("Manitex") purchased 51% of ASV from Terex pursuant to a joint venture arrangement with Terex (the "Joint Venture"). On December 23, 2014, A.S.V., Inc. was converted to a Minnesota limited liability company and its name was changed to A.S.V., LLC. On May 11, 2017, in connection with the Company's initial public offering ("IPO"), we converted from a Minnesota limited liability company into a Delaware corporation and changed our name from A.S.V., LLC to ASV Holdings, Inc., which we refer to herein as the "LLC Conversion".

A number of economic indicators that we believe are relevant to our industry and products trended favorably in 2018, although housing starts slowed significantly over the last two quarters raising concerns over the effect of higher interest rates and higher prices. A primary driver of demand for CTL and SSL products is the United States housing market, where the level of new housing starts continues to be below pre-2007 levels. Since 2009, according to the U.S. Census Bureau, new housing starts have incrementally increased to a seasonally adjusted annual rate of 1.1 million units in December 2018 from approximately 0.5 million in October 2009. The preliminary December 2018 rate of 1.1 million was 10.9% below the December 2017 rate.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Caterpillar (CAT) 78,020,900 31% 8.7 8% 79,187,000 64,309,000 55,750,000 17,085,000 6,436,000 10,811,000 93,903,900
CNH Industrial (CNHI) 12,317,050 0% 46,100,000 41,002,000 0 0 0 0 6,514,050
Terex (TEX) 2,230,108 20% 23.4 0% 3,603,100 2,742,500 4,905,100 966,200 14,100 136,000 3,177,208
Columbus McKinnon (CMCO) 952,269 35% 10.6 5% 1,090,472 638,179 864,002 300,962 53,450 111,708 1,187,147
Hyster-Yale Materials Handling (HY) 903,121 15% 12.5 2% 1,920,800 1,350,700 3,311,600 504,400 34,500 96,800 1,207,921
Wabash National (WNC) 873,674 13% 8.1 5% 1,374,829 873,264 2,322,496 290,558 61,988 151,710 1,228,747
Douglas Dynamics (PLOW) 864,121 30% 33.1 0% 723,876 429,448 546,200 161,553 0 33,297 1,101,851
Astec Industries (ASTE) 710,384 18% 95.1 -0% 848,555 227,947 1,204,199 216,628 -2,392 7,517 714,606
Manitowoc (MTW) 598,919 18% 32.0 -3% 1,652,600 1,032,900 1,888,100 344,600 -47,500 27,300 873,519
Blue Bird (BLBD) 520,638 13% 12.8 7% 408,378 469,564 1,006,955 129,545 27,640 55,134 705,288
Gencor Industries (GENC) 184,842 22% 9.4 9% 162,500 10,051 87,390 19,578 13,990 18,959 178,407
Comstock (CHCI) 17,315 2% -8.9 -8% 27,986 20,973 49,930 832 -2,361 -2,474 22,095
Dynasil of America (DYSL) 17,216 36% 8.1 2% 32,090 9,877 43,346 15,733 536 2,286 18,494
Sifco Industries (SIF) 16,973 8% -6.2 -14% 89,039 50,977 111,818 8,477 -12,599 -2,989 18,638
ASV Holdings (ASV) 16,748 12% -0.9 -40% 82,365 48,994 129,206 15,051 -33,102 -27,780 25,879
Astrotech (ASTC) 15,997 29% -2.0 -204% 3,692 984 127 37 -7,534 -7,273 14,409
Precipio (PRPO) 15,882 4% -0.9 -81% 22,205 7,978 5,410 236 -17,989 -17,123 15,039
CPS Technologies (CPSH) 15,249 15% -11.5 187,960,700% 3,553 23,834 3,498 -1,880 -1,317 15,181
Miller Industries (MLR)

Balance Sheet ($'000)2017-09-302017-12-312018-12-31
Cash832
Accounts Receivable17,09618,27618,462
Inventory25,12326,69134,055
PP&E14,25213,79712,662
Assets112,961115,12187,631
Accounts Payable14,20915,17418,834
Long-Term Debt15,68512,66410,159
Liabilities46,43249,32053,600
Stockholders' Equity66,52965,80134,031
Income Statement ($'000)2017-09-302017-12-312018-12-31
Revenue123,340127,580
Cost of Revenue104,698112,348
Gross Profit18,64215,232
R&D2,0701,896
SG&A11,45012,252
Tax-608698
Net Income1,709-32,130
Cash Flow ($'000)2017-09-302017-12-312018-12-31
Cash Operating7,523-850
Cash Investing-548-989
Cash Financing-8,0791,838