POLARIS ANNOUNCES INVESTMENT IN BRAMMO POWERSPORTS LEADER ACQUIRES AN INTEREST IN ELECTRIC MOTORCYCLE LEADER
MINNEAPOLIS (October 26, 2011) — Polaris Industries Inc. (NYSE: PII) today announced a minority investment in Brammo, an Ashland, Ore.-based maker of electric vehicle technology and two-wheel electric vehicles. By investing in Brammo, Polaris obtains access to their proprietary electric vehicle powertrain technology, as well as exposure to the rapidly growing electric motorcycle market.
“We are excited to advance our electric vehicle capability by establishing Polaris as a ...
WILLIAM YOKLEY'S NATIONAL GUARD RANGER RZR XP 900 TAKES GNCC'S "OPEN MODIFIED" UTV CHAMPIONSHIP
Minneapolis, Minn., Oct. 25, 2011 – William Yokley and his National Guard Polaris DragonFire Yokley Racing RANGER RZR XP 900 took the GNCC “Open Modified” UTV Championship for third consecutive year. RANGER RZRs proved to be a dominant force in the class with Team Hendershot finishing second with their RANGER RZR XP 900 and Yokley’s teammate, Scott Kiger ending the year in third place.
“We would like to congratulate William and Scott on an awesome GNCC side-by-side racing s...
RANGER RZRS ONE, TWO AT BEST IN THE DESERT'S EPIC RACING PRODUCTS BLUEWATER GRAN PRIX
Minneapolis, Oct. 20, 2011–For the second year in a row, Matt Parks took the checkered flag in his RANGER RZR 4 800, at the Best in the Desert’s Bluewater Grand Prix. Parks came into the two-day race seven points out of the BITD points lead and a win at Bluewater would help close the points gap.
The race consisted of racing three 25-mile laps both Saturday and Sunday with the cumulative time determining the finishing order. The race is unique as they start the side-by-side...
POLARIS REPORTS RECORD THIRD QUARTER 2011 RESULTS 26% SALES GROWTH DROVE EPS INCREASE OF 38% COMPANY INCREASES FULL YEAR 2011 GUIDANCE
Third Quarter Highlights:
· Net income increased 43% to a record $67.6 million, or a record $0.95 per diluted share.
· All product lines and geographic regions experienced sales growth during the third quarter.
· Gross profit margin percentage increased 230 basis points to 28.3%.
· During the third quarter, the Board of Directors declared a two-for-one split of the Company’s outstanding shares of common stock.
· Raising guidance for full year 2011 earnings to a range o...
RANGER RZRS DOMINATE ITP POWERLINE PARK GNCC RACE
Minneapolis, Oct. 10, 2011 – Polaris RANGER RZRs came out in full force at the GNCC ITP Powerline Park race taking the top four spots in the “Open Modified” class and the top spot in the “Open Limited” class.
William Yokley and his Polaris National Guard RANGER RZR XP 900 took the checkered flag in the “Open Modified” class with Team Hendershot taking second and ATR Performance taking the third podium spot. In the “Open Limited class,” Team Two Brothers Racing took the win....
ARMY AWARDS POLARIS INDUSTRIES THREE-YEAR CONTRACT TO SUPPLY MILITARY ATVS, SPARE PARTS AND TRAILERS
Minneapolis, September 29, 2011 – Polaris Industries Inc. (NYSE: PII) today announced the company has received a $54-million, three-year contract to provide All-Terrain Vehicles (ATVs), spare parts and trailers to Afghan and Iraqi security forces, the U.S. Government and other allied governments. The contract was received from the U.S. Army Contracting Command-Warren and includes options to extend the contract two additional years. This new contract award follows Polaris’ succe...
POLARIS CEO SCOTT WINE TO JOIN TEREX CORPORATION BOARD OF DIRECTORS
MINNEAPOLIS (Sept. 19, 2011) — Polaris Industries Inc. (NYSE: PII) today announced that Chief Executive Officer Scott Wine will be appointed to the Terex Corporation Board of Directors effective October 10, 2011.
“I am honored by the invitation to join Terex’s Board of Directors, a seasoned group that strives to set the standard for corporate governance,” said Wine. “This is an exciting opportunity to contribute to Terex’s strategic growth while working with, and learning f...
POLARIS RECEIVES THREE MORE AWARDS TO SUPPLY MILITARY ATVS AND SIDE-BY-SIDES
Minneapolis, September 12, 2011 – Polaris Industries today announced the company received three separate awards exceeding $12 million dollars to supply MV700 ATVs, MVRS700 Side-by-Side vehicles and associated spare parts to the U.S. military and its allies.
“Polaris vehicles appeal to the military due to our ability to modify our commercial off-the-shelf vehicles with additional accessories for different military missions,” said Rich Haddad, general manager of Polaris Defe...