8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 27, 2007

A.S.V., INC.

(Exact name of registrant as specified in its charter)

Minnesota	0-25620	41-1459569
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation)		Identification No.)

840 Lily Lane, Grand Rapids, Minnesota 55744
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (218) 327-3434

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

On December 27, 2007, A.S.V., Inc. (“ASV”) issued a press release disclosing its summary financial guidance for 2008 which included its estimated anticipated net sales and anticipated earnings per share for the twelve months ending December 31, 2008.

For additional information, see the press release furnished as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits.

d. Exhibits

99.1 Press release issued by A.S.V., Inc dated December 27, 2007

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 27, 2007

A.S.V., Inc.
By:	/s/ Richard A. Benson
	Richard A. Benson
	Chief Executive Officer

EXHIBIT INDEX

Exhibit	Description of Exhibit
99.1	Press release issued by A.S.V., Inc dated December 27, 2007

EX-99.1

Exhibit 99.1

Exhibit 99.1
For more information
Lisa Walsh
Investor Relations
(218) 327-5367
lwalsh@asvi.com

ASV ANNOUNCES SUMMARY GUIDANCE FOR 2008

Grand Rapids, MN (December 27, 2007) — A.S.V., Inc. (Nasdaq: ASVI) today issued its summary financial guidance for 2008. Net sales for the year ending December 31, 2008 are anticipated to be in the range of $220 to $250 million. This reflects a 7% to 22% increase over the midpoint of previously announced, projected sales of $200 to $210 million for 2007. The Company’s sales projections reflect the on-going uncertainty in the macroeconomic environment in the United States and anticipated sales of ASV machines into Europe and other new international markets in 2008.

Diluted earnings per share are expected to be in the range of $.58 to $.72, a 32% to 64% increase over the midpoint of the previously announced, anticipated EPS range of $0.41 to $0.47 for 2007. EPS figures are based on 26.1 million diluted shares outstanding.

Under the Company’s new guidance reporting format, it plans to issue its summary guidance prior to the close of the fiscal year, with more detailed guidance included in its fourth quarter earnings release.

About ASV

A.S.V., Inc. designs, manufactures and sells rubber track machines and related components, accessories, and attachments. Its purpose-built chassis and patented rubber track undercarriage technology are unique and lead all rubber track loaders in innovation and performance. ASV’s products are able to traverse nearly any terrain with minimal damage to the ground, making them effective in markets such as construction, landscaping, forestry and agriculture. The Company’s rubber track undercarriages are a primary component on Caterpillar^© Multi Terrain Loaders and certain models of the Vermeer Manufacturing Company’s trencher and horizontal directional drill products. ASV’s wholly-owned subsidiary Loegering Mfg. Inc. designs, manufactures and sells traction products and attachments for the skid-steer industry. For more information, visit ASV’s website at www.asvi.com or Loegering’s website at www.loegering.com.

Forward Looking Statements

Note: Some of the statements set forth above, including the statements regarding A.S.V., Inc.’s future expected sales, earnings per share, geographic expansion of its dealer network and future guidance timeline are forward-looking statements based on current expectations and assumptions, and entail various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Certain factors may affect whether these anticipated events occur including Caterpillar’s desire to continue purchasing undercarriage products from ASV; the state of the U.S. construction markets; ASV’s ability to secure European distribution for its products; ASV’s ability to obtain needed certifications to distribute its products in foreign markets; ASV’s ability to successfully maintain and upgrade its dealer network; unanticipated delays, costs or other difficulties in the manufacturing or marketing of its machines and undercarriages; unanticipated problems or delays experienced by Caterpillar relating to the manufacturing or marketing of their machines utilizing ASV undercarriage products; market acceptance of ASV’s machines; adverse economic conditions, particularly in the U.S., and corporate developments at ASV and Caterpillar. Any forward-looking statements provided from time-to-time by the Company represent only management’s then-best current estimate of future results or trends. Additional information regarding these risk factors and uncertainties is detailed from time to time in the Company’s SEC filings, including but not limited to, its quarterly reports on Form 10-Q for fiscal 2007, and its annual report on Form 10-K for the year ended December 31, 2006.