POLARIS REPORTS RECORD SECOND QUARTER 2012 RESULTS; EPS INCREASED 44% to $0.98 WITH SALES GROWTH OF 24%
Company increases full year 2012 guidance
Second Quarter Highlights:
Net income increased 43% to $69.8 million, or $0.98 per diluted share, with sales increasing 24% to $755.4 million, setting second quarter sales and earnings records.
North American retail sales sustained considerable momentum, rising 17% year-over-year in the second quarter.
All product lines experienced increased sales during the 2012 second quarter.
Raising guidance for full year 2012 earnings to a...
POLARIS ENTERS JOINT VENTURE WITH EICHER MOTORS LIMITED
Partnership creates new operation in India, expanding the Company’s global footprint
MINNEAPOLIS (July 24, 2012) — Polaris Industries Inc. (NYSE: PII) today announced a joint venture with Eicher Motors Limited, a leading manufacturer of commercial vehicles and motorcycles in India. The joint venture will develop and market new products to meet the diverse vehicle needs in India and other emerging markets. The agreement creates a new operation, wherein Polaris and Eiche...
RZRS PODIUM AT WORCS ROUND 6
Minneapolis, June 19, 2012- On The Edge Raceway, in Enterprise, Utah, saw a flood of RZR vehicles for WORCS round 6. When the dust cleared, RZRs took all three podiums in the Production 1000 class and a RZR 570 took the Production 700 class.
Beau Baron took the checkered flag in the Production 1000 class in his RZR XP 900, with Ryan Piplic and Greg Row taking second and third. RZRs currently hold the top five spots in the series point standings for the class and it’s a tigh...
RJ ANDERSON STEERS RZR XP TO VICTORY AT RACE TOWN WORCS RACE
Minneapolis (May 17, 2012)- Polaris RZRs were out in full force at the Race Town 395 WORCS race, in Adelanto, Calif. this past weekend.
Walker Evans/Polaris Racing’s RJ Anderson took his third consecutive win and extended his points lead in the class for the season. A RZR also took the SxS Production 850 class and Cody Rahders’ RZR 570 finished a respectable second in the SxS Production 700 class. Rahders is currently in the third position for the series, just five points o...
POLARIS DECLARES REGULAR CASH DIVIDEND
MINNEAPOLIS (April 27, 2012) — Polaris Industries Inc. (NYSE: PII) today announced the declaration of a regular quarterly $0.37 per share cash dividend payable on June 15, 2012 to shareholders of record at the close of business on June 1, 2012.
In 2012, quarterly dividend record and payment dates will occur approximately one month later than in prior years due to scheduling of the Company’s 2012 Board of Directors’ meetings.
Polaris is a recognized leader in ...
POLARIS REPORTS RECORD FIRST QUARTER 2012 RESULTS; EPS INCREASED 27% TO $0.85 ON 25% SALES GROWTH
First Quarter Highlights: Net income increased 27% to $60.1 million, or $0.85 per diluted share, with sales climbing 25% to $673.8 million, representing a record for first quarter sales and earnings.
Off-Road Vehicle sales increased 30% and On-Road Vehicle sales increased 44% during the 2012 first quarter.
North American retail sales remained strong, increasing 17% in the first quarter compared to a year ago.
Gross profit margins expanded 60 basis points to 28.9% due to ...
POLARIS RANGER RZRS DOMINATE GNCC AND WORCS
MINNEAPOLIS, MN (April 17, 2012) – For the second time this season, there were GNCC and WORCS races this past weekend and, once again, RANGER RZRs dominated.
In the GNCC XC1 Modified Class, Points Leader and National Guard/Polaris/ Coastal/Yoshimura/DragonFire/Yokley Racing Team Driver William Yokley took another checkered flag to win the class, the overall and extend his points lead. The top seven finishers were RZR vehicles, including Yokley’s teammate, Scott Kiger, in fo...
POLARIS SNOCROSS RACER KODY KAMM SERVES NOTICE BY CLINCHING PRO LITE POINTS TITLE & WINNING THE SEASON'S FINAL ISOC PRO RACE
MEDINA, MN (March 19, 2012) – Polaris snocross racer Kody Kamm (Hentges Racing) served notice that he will be a force in Pro-class racing next season as he clinched the Pro Lite points title, then moved up and won the final Pro race of the ISOC season March 17-18 at Lake Geneva, Wisconsin.
Kamm, who is from Kenosha, Wisconsin, used Polaris Terrain Domination to win the Pro Lite final on Saturday and clinch the season points title, then jumped up to the Pro class for Sunday’...
POLARIS HILL CLIMBERS WIN SEVEN CLASS TITLES, KEITH CURTIS WINS STOCK KING OF THE HILL AT 2012 JACKSON HOLE WORLD CHAMPIONSHIPS
MEDINA, MN (March 27, 2012) – Polaris snowmobile hill climbers won seven class titles – more than any other brand – and Keith Curtis won Stock King of the Hill honors at the 2012 Jackson Hole World Championship Snowmobile Hill Climb. Curtis won three class titles in addition to his Stock King title in competition held March 22-25 on Snow King Mountain in the scenic Wyoming resort city.
Curtis won the 1000 Stock, 800 Stock and Open Modified class titles, and was joined as a ...
POLARIS DEBUTS 2013 SNOWMOBILE LINEUP- RETURN OF INDY® HIGHLIGHTS COLLECTION OF SLEDS BUILT ON HISTORIC NAMES AND NEW TECHNOLOGIES
MINNEAPOLIS (March 6, 2012) – For more than a half-century, Polaris has been synonymous with producing the best-riding snowmobiles in the world. Debuted earlier today at Walt Disney World Dolphin Resort in Orlando, FL, the 2013 Polaris snowmobile lineup embraces the Company’s proud heritage while pushing forward with innovative technological advances. These concepts are embodied by the return of the iconic Indy model line and the debut of the ultra-light, 417-pound 800 Pro-RMK ...
2013 POLARIS SNOWCHECK SELECT: LIMITED EDITIONS & EXCLUSIVE OPTIONS - FOR A LIMITED TIME
SNOWCHECK SELECT EXCLUSIVES INCLUDE SPECIAL FEATURES, COLOR & GRAPHICS OPTIONS AND THREE LIMITED-EDITION MODELS.
MINNEAPOLIS (March 6, 2012) – The 2013 Polaris SnowCheck Select early order program offers riders a tremendous number of exclusive options, the certainty of getting the sled they want to ride next winter, and the opportunity to nab specially equipped Limited Edition models. But these opportunities are available for a limited time.
On selected models avail...
2013 POLARIS SNOWMOBILES: TERRAIN DOMINATION IN EVERY SEGMENT, THE MOST IMPRESSIVE DEEP SNOW SLED EVER, AND THE RETURN OF THE LEGENDARY INDY® NAME
MINNEAPOLIS (March 6, 2012) – Polaris provides Terrain Domination® for every type of snowmobiler with its new 2013 lineup, which includes deep snow models that weigh just 417 pounds, the market’s leading trail performance sleds, and the return of the most legendary model name in snowmobile history – Indy®.
The 2013 Polaris snowmobile lineup includes the 600 Indy SP and the 600 Indy, which are built on the innovative PRO-RIDE™ Chassis and deliver the exceptional ride and han...
THE LEGENDARY 'INDY' NAME RETURNS TO THE 2013 POLARIS SNOWMOBILE LINEUP WITH THE 600 INDY® SP AND 600 INDY MODELS
MINNEAPOLIS (March 6, 2012) – Throughout the history of snowmobiling, innovation and a passion for riding have intersected in Roseau, Minnesota, where Polaris snowmobiles have been developed and built since the mid-1950s. As snowmobile technology made its greatest advances in the 1970s with the development of independent front suspension (IFS), Polaris engineers – all avid riders – led the way in creating the most effective IFS.
Polaris IFS was tested and proven on dominant...
POLARIS AND THE WOUNDED WARRIOR PROJECT GIVE AWAY UNIQUE RANGER RZR XP 4 900 SIDE-BY-SIDE VEHICLES
MINNEAPOLIS (February 21, 2012) — This past Saturday, Polaris, in conjunction with the Wounded Warrior Project™ (WWP), gave away three, special, blacked-out RANGER RZR XP 4 900s to WWP Alumni. The “Phantom 4s” were presented to the three winners by representatives from the Wounded Warrior Project and Polaris. Polaris Defense surprised each winner by providing $5,000 worth of gear and accessories to outfit their new vehicles. Polaris also presented Wounded Warrior Project, $33,0...
POLARIS REMEMBERS LONG-TIME SNOWMOBILE RACING COORDINATOR BILL RADER, AGE 54
MEDINA, MN (Feb. 21, 2012)– Bill Rader, the long-time racing coordinator for the Polaris snowmobile race program passed away Monday, Feb. 20, 2012, after a courageous battle with cancer. He was 54. Rader played a major role in the resurgence of the Polaris snowmobile racing program over the past dozen years. He worked closely with Racing Director Tom Rager, Sr., a close friend of Rader’s for more than 20 years.
“He was extremely well-liked and everyone in the industry knows...
POLARIS HAS PROVEN ITS TERRAIN DOMINATION SEVERAL TIMES WITH RACE VICTORIES AND HISTORIC JOURNEYS ACROSS ALASKA
MEDINA, MN (Feb. 17, 2011) – Polaris snowmobile developers consider the unforgiving terrain in remote areas of Alaska as the ideal place to put sleds to the test. That’s why for more than 50 years, Polaris engineers, development technicians and racers have braved harsh weather and challenging snow and ice to test and race in Alaska.
The beneficiaries of these Alaska trips are recreational Polaris riders. They have long enjoyed Polaris Terrain Domination on sleds that succes...
POLARIS-SPONSORED IRON DOG AMBASSADORS UTILIZE TERRAIN DOMINATION TO PROMOTE LEGENDARY RACE ACROSS ALASKA
MEDINA, MN (Feb. 17, 2012) – Polaris Terrain Domination will be showcased by several teams competing in the grueling Iron Dog race across Alaska, and by the Iron Dog Ambassadors, a Polaris-sponsored group of four riders who will run the racecourse to promote the event and thank volunteers in remote towns and villages.
The Iron Dog Ambassadors will start the race with Trail-class teams in Big Lake, Alaska, on Friday, Feb. 17. Pro teams will start in Big Lake two days later. ...
POLARIS ANNOUNCES EARLY RELEASE OF THE BEST SELLING SLED IN THE MOUNTAINS, UPDATED TO BE LIGHTER, STRONGER & MORE FLICKABLE. WEIGHING IN AT JUST 417 POUNDS! - THE 800 PRO-RMK 155
Medina, MN (Feb. 10, 2012) - The very definition of Terrain Domination® in the 2013 Polaris snowmobile lineup is the undisputed king of the mountain, the strong and incredibly lightweight 800 Pro-RMK 155 – the most flickable sled on the snow with the innovative QuickDrive™ Low Inertia Belt Drive System and dry weight of just 417 pounds!
This dynamic new sled is being introduced on February 10, in advance of the rest of the 2013 models, which will be revealed to the public M...
POLARIS HIRES RETAIL EXECUTIVE, STRENGTHENS ADJACENCY FOCUS
New leadership for Parts, Garments and Accessories facilitates strong focus on Small Vehicles, enabling accelerated growth for each business
MINNEAPOLIS (February 6, 2012) — Polaris Industries Inc. (NYSE: PII) today announced the hiring of Steve Eastman, former president of Target.com, to lead its Parts, Garments, and Accessories (PG&A) business. This appointment allows Scott Swenson, who previously ran both PG&A and the Company’s Small Vehicles business, to focus...
BUNKE RACING UTILIZES POLARIS PERFORMANCE AND RELIABILITY TO WIN GRUELING SOO I-500 ENDURO RACE
MEDINA, MN (Jan. 6, 2012) – The Bunke Racing team of Gabe Bunke, Aaron Christensen and Bobby Menne IV used Polaris Terrain Domination to outrun the field and win the grueling International 500 on the famous Soo I-500 track in Sault Ste. Marine, Michigan, on Feb. 4. Unseasonably warm weather led to severe deterioration of the ice oval, but Polaris performance and reliability put five Polaris race teams in the top 10, and 10 Polaris teams finished among the top 22.