POLARIS REPORTS RECORD THIRD QUARTER 2012 RESULTS; EPS INCREASED 40% TO $1.33 WITH SALES GROWTH OF 21%
Company increases full year 2012 guidance
Third Quarter Highlights:
• Net income increased 39% to $94.3 million, or $1.33 per diluted share, with salesescalating 21% to $879.9 million, settingthird quarter sales and earnings records.• All product lines experienced double digit percentage sales increases during the 2012 third quarter, as North American retail unit sales climbed more than 10% on strong, enduring SxS and Victory Motorcycle demand• Gross profit margins expanded 1...
RZRs SHINE AT BEST IN THE DESERT'S BLUEWATER DESERT CHALLENGE
Cognito RZR takes win, Jagged X takes Sportsman class
Minneapolis, Oct. 16, 2012– Best in the Desert’s Bluewater Desert Challenge is a two-day race, consisting of 75 miles raced each day, in Parker, Ariz. This fast-paced race takes a lot of strategy to ensure a finish after two days of racing through the harsh terrain of Parker’s desert.
In the starting field of more than 20 side-by-sides, was Jagged X’s Brandon Schueler in the No. 1919 RZR XP 4 900, Jagged X’s Matt Parks in ...
RAPALA® CONTINUES TO GROW ELITE ICE FORCE™ BRAND
Rapala Forms Strategic Marketing Alliance with Polaris® Industries Inc.
MINNETONKA, Minn. (October 12, 2012) - Rapala®, the world’s favorite fishing lure and Polaris, the recognized leader in the powersports industry, have formed a strategic marketing partnership, further elevating Rapala’s ICE FORCE brand, which serves the ice fishing market.
This partnership completes Rapala’s fifth business alliance with a Minnesota based company throughout 2012, adding the renowned Polari...
SPIRIT LAKE MANUFACTURING FACILITY BUILDS MILLIONTH POLARIS PRODUCT
Orange Polaris RANGER Side –by-side Vehicle Sets Milestone for Facility in Iowa
MINNEAPOLIS (September 26, 2012) — Polaris Industries Inc. (NYSE: PII) announced that the one millionth product, an orange Polaris RANGER 800 Midsize side-by-side vehicle, rolled off its Spirit Lake, Iowa assembly line yesterday.
“One million units built marks an extraordinary milestone for our Spirit Lake operation,” said Bennett Morgan, Polaris President and COO. “For nearly two decades Sp...
POLARIS BREAKS GROUND ON MAJOR FACILITY EXPANSION
Company’s Product Development Center in Wyoming, Minn. will more than double in square footage
MINNEAPOLIS (September 28, 2012) — Polaris Industries Inc. (NYSE: PII) today broke ground on an expansion of the Company’s Product Development Center near Wyoming, Minn. Since opening in 2005, the 126,000 square foot research and development facility has been pivotal in Polaris’ ascent to the top of the global powersports market.
“Opening the Wyoming facility seven years ago reinfo...
NEW SCRAMBLER MAKES RACING DEBUT AT UNADILLA: FARR PILOTS STOCK UNIT TO CLASS SECOND
Minneapolis, September 19, 2012– This past summer, Polaris introduced an all-new Scrambler 850 H.O. featuring the proven, 77 horsepower, 850 twin, high output EFI engine with Polaris’ exclusive On-Demand, True All-Wheel Drive with engine braking and a sports tuned suspension. The unit instantly caught the attention of 14-Time Pro ATV Champion, Tim Farr.
“When I heard about the new Scrambler, I was intrigued and thought it would be fun to run one for the last part of the GNCC R...
MEMORIAL BLOOD CENTERS AND POLARIS INDUSTRIES PRESENT NEW ATV TO LOYAL BLOOD DONOR
September 18, 2012 (St. Paul, MN) – Duluth resident and long-time loyal blood donor Jon Nelson is now the proud owner of a new all-terrain vehicle (ATV), thanks to Polaris Industries Inc. (NYSE: PII) and a random drawing in a special promotion sponsored by Memorial Blood Centers. Throughout the month of July, volunteers who stepped up to give blood with Memorial Blood Centers became eligible to enter the Fishing for Donors campaign with a chance to win the Polaris ATV. Nelson...
2013 POLARIS 600 IQ RACE SLED PROVIDES POLARIS RACERS WITH SIGNIFICANT INCREASE IN TERRAIN DOMINATING HORSEPOWER
MEDINA, MN (September 8, 2012) – Polaris snowmobile racers aboard the 2013 Polaris 600 IQ® Race Sled will hit the track with increased horsepower from a new engine package that enhances drivers’ ability to grab holeshots and delivers improved performance across the power range.
The 2013 version of the 600 IQ Race Sled also features a redesigned track, enhanced shock adjustability, improved brakes and other changes designed to increase Polaris racers’ competitive advantage.
POLARIS RACERS, TEAM OWNERS & RACE FANS SALUTE POLARIS RACING MANAGER TOM RAGER, SR., AS HE APPROACHES RETIREMENT AT YEAR'S END
MEDINA, MN (September 8, 2012) – A highly successful chapter in the history of the Polaris snowmobile racing program is nearing an end as Polaris Racing Manager Tom Rager, Sr., prepares for retirement at year’s end. Rager, who joined Polaris in August 2000 and has directed the racing program ever since, will be succeeded by his son, Tom Rager, Jr., who currently serves as Polaris Race Coordinator.
“It’s been a great career,” said the elder Rager. “I’ve watched my son grow and ...
POLARIS TEAMS WITH HILLCLIMB CHAMPION AND TERRAIN DOMINATOR KEITH CURTIS FOR COMPETITION SPONSORSHIP & CREATION OF SIGNATURE PRODUCTS
MEDINA, MN (September 8, 2012) – Snowmobile hillclimb champion Keith Curtis will join backcountry riding expert Chris Burandt in developing a signature line of specialized, premium-quality snowmobile apparel and gear for Polaris. Curtis, who will be sponsored by Polaris as he competes in Rocky Mountain Snowmobile Hillclimb Association events this coming winter, will develop his signature line of snowmobile apparel and gear during the coming winter, and it will be available to r...
POLARIS SNOWMOBILE RACERS WILL SET THE PACE THIS WINTER WEARING WINNING POLARIS RACE GEAR CO-DEVELOPED BY FXR AND FLY RACING
MEDINA, MN (September 8, 2012) – Along with being the fastest and most successful racers, this winter the Polaris Race Team will be the best dressed and best protected as they wear gear co-developed and co-branded by Polaris and its partners, FXR and FLY Racing.
Polaris, FXR and FLY Racing are three brands that are immersed in racing. Polaris has been involved in snowmobile racing for decades, and FXR and FLY Racing were both founded by racers committed to developing products ...
POWERFUL, INNOVATIVE POLARIS 800 PRO-RMK 155 WITH QUICKDRIVE LOW INERTIA DRIVE SYSTEM NAMED SLED OF THE YEAR BY SNOW GOER MAGAZINE
MEDINA, MN (September 8, 2012) - The powerful, lightweight and extremely flickable Polaris 800 Pro-RMK 155 with the innovative new QuickDrive™ Low Inertia Drive System has been named 2013 Snowmobile of the Year by Snow Goer Magazine.
The magazine’s award annually honors snowmobiles that set new standards for snowmobile technology, and the 800 Pro-RMK 155 has numerous rider-friendly, performance-enhancing innovations, foremost among them the QuickDrive Low Inertia Drive System...
PURE POLARIS INTRODUCES PRO-FIT CAB SYSTEMS
Featuring Total Integration with New RANGER XP 900
Pure Polaris introduces a revolutionary line of cab accessories, designed to be superior in every way to cab systems of the past. The new, high-quality Lock & Ride™ PRO-FIT cab components top a long list of innovative accessories available for the Polaris RANGER and RZR families of side-by-sides.
New Lock & Ride PRO-FIT Cab Systems Feature Total Integration
The new Lock & Ride PRO-FIT cab accessorie...
RZRs ONE, TWO AT VEGAS TO RENO
Coastal Racing takes checkered flag with Jagged X’s Parks in Second
Minneapolis, Aug. 21, 2012– Best in the Desert’s Vegas to Reno race is the longest and toughest, off-road desert race in the U.S., and Polaris RZRs continued to have success despite the many challenges the course threw at them.
In the starting field of more than 20 side-by-sides for the 534-mile race, was Jagged X’s Brandon Schueler with co-pilot Cody Muir in the No. 1919 RZR XP 4 900, Jagged X’s Matt Parks, ...
POLARIS DONATES $154,125 TO THE WOUNDED WARRIOR PROJECT
Minneapolis (August 15, 2012) – As part of its annual summer sales meeting and its presence at the Sturgis® Motorcycle Rally, Polaris Industries Inc. (NYSE: PII), Victory Motorcycles and the Company’s dealers donated $154,125 to the Wounded Warrior Project™ (WWP). The donation was part of Polaris’ continuing relationship with the WWP, an organization that raises awareness and aids injured servicemen and women. Earlier this year, Polaris also gave away three special, blacked-out...
POLARIS INDUSTRIES DONATES $100,000 IN ALL-TERRAIN VEHICLES TO LOCAL YOUTH CAMPS
Boy Scouts of America and The Salvation Army receive ATVs for youth initiatives
Minneapolis (August 15, 2012) – Polaris Industries Inc. (NYSE: PII), the leading manufacturer of off-road vehicles, today announced the company has donated a total of 28 Polaris all-terrain vehicles (ATVs) and safety gear to the Boy Scouts of America’s Northern Star Council’s Tomahawk Scout Reservation, the second largest Boy Scout camp in the nation, and the Northwoods Camp, run by The Salvation A...
POLARIS DEBUTS 2013 ORV AND MOTORCYCLE PRODUCT LINES
New, versatile Side-by-Sides and a modern take on the classic cruiser shine in a lineup full of stars
MINNEAPOLIS (July 31, 2012) – Polaris Industries Inc. (PII) unveiled its 2013 product offerings from its on-road and off-road vehicle divisions. The latest additions and updates deliver on Polaris’ reputation for innovation, introducing brand-new vehicles and upgrading features on the Company’s historic names. Among the new products to tackle the trails are the full-size RA...
RZRs PODIUM AT WORCS ROUND 7
Minneapolis, August 7, 2012- RZRs dominated WORCS Round 7, at Cahuilla Creek, in Anza, Calif. last weekend.
RJ Anderson took the checkered flag in the Production 1000 class in his RZR XP 900, with Ryan Piplic and Beau Baron taking second and third. RZRs currently hold the top five spots in the series point standings for the class with Anderson and Piplic tied for the class lead with one race to go.
Cody Rahders in a RZR 570 won the Production 700 class putting him in the top ...
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...