ASV Holdings, Inc. announced that it is delaying the release of its fourth quarter and full year 2018 results. Although the company are substantially through the 2018 audit, are not yet in a position to provide final results for the fourth quarter and full year 2018. The company require the completion of analyses of any potential impairment to the carrying value of goodwill and intangible assets as of December 31, 2018. The company is updating analyses as a result of assessment of conditions that may indicate that could have an impairment, such as the company's recent results, share price performance and market capitalization. In the event of any impairment the company would be required to record a non-cash impairment charge to the fourth quarter results. Whether an impairment charge will be required and if so, the amount of such charge have not been determined. The company anticipated completing analysis and announcing final results by the end of March and in time to file Annual Report on Form 10-K.

The company announced preliminary earnings results for the fourth quarter and full year 2018. For the quarter, $33.1 million in net sales represented 8.6% year-over-year growth from $30.5 million, driven by 24% “same-store” dealer sales growth in North America, lower sales to Australia and lower sales of OEM undercarriages and parts. Unadjusted net loss for the quarter modestly greater than 2017 fourth quarter GAAP net loss of $0.8 million.

For the full year, the company reported net sales of $127.6 million represented 3.5% year-over-year growth from $123.3 million driven by 16% “same-store” dealer sales growth in North America lower sales to Australia and lower sales of OEM undercarriages and parts.