July 20, 2016
Polaris Reports 2016 Second Quarter Results
Second Quarter 2016 Highlights: Motorcycle sales increased 23% during the quarter. Global Adjacent Markets sales increased 14%. ORV/Snowmobiles sales were down 6%, slightly better than expectations. ORV dealer inventory was down 8%, year-over-year. Total dealer inventory was up 1% due to normalized motorcycle shipments. Second quarter results included expenses totaling approximately $25 million for increased warranty, legal and other costs associated with the product recalls and protecting the brand. Repurchased 652,000 shares of Polaris common stock during the second quarter. Operating cash flow year-to-date increased 287% to $348 million. Lowering and narrowing guidance range for full year 2016 earnings to $6.00 to $6.30 per diluted share, on total Company sales in the range of down 2% to flat for the full year 2016. Polaris Industries Inc. (NYSE:PII) today reported second quarter net income of $71.2 million, or $1.09 per diluted share, for the quarter ended June 30, 2016 compared...
November 17, 2015
Introducing the Polaris GENERAL
The Polaris GENERAL Sets the Versatility Benchmark: Ultimate Versatility to Battle It All Minneapolis, November 17, 2015 – Polaris® Industries Inc. (NYSE: PII), the leading manufacturer of off-road vehicles, continues to expand its market leadership by broadening its side-by-side product line-up. Today, the company is introducing the Polaris GENERAL™, the new standard in off-road versatility. “Today is a great day at Polaris! Once again, we are launching a game-changing new product,” said Tim Blinkhorn, GM, RANGER & Polaris GENERAL. “This vehicle is the most versatile side-by-side ever built, made for those who want to battle it all. Whether it’s dominating any trail, or conquering any job, The Polaris GENERAL delivers.” The Polaris GENERAL has class-leading features needed to tackle the trails and a work ethic to battle tough jobs. It starts with a 100 horsepower ProStar® 1000 engine delivering the most power and torque. The engine accelerates 0-40 mph in 3.6 seconds, thanks to a...