« The Del Prado Brothers Re-Birth A Harley Ironhead Sportster
2011 Daytona Biketoberfest. The Highest Fatalities In 5 Years. »

Polaris Industries Reports Higher Than Expected 3rd Quarter Results And Raises Its Full Year Outlook

Published by Cyril Huze October 18th, 2011 in Editorial and Events.

Its third-quarter net income rose to $67.6 million, or 95 cents a share, from $47.2 million, or 69 cents a share, a year ago. Sales jumped 26 percent to $729.9 million, including a 25 percent increase in off-road vehicles such as all-terrain and side-by-side vehicles. The company, which makes off-road vehicles (which account for almost 70 percent of total sales), snowmobiles and motorcycles, expects 2011 profit of $3.10-$3.16 a share on sales growth of 30-32 percent. It had earlier forecast earnings of $5.03-$6.05 a share and sales growth of 25-28 percent.

Polaris recently implemented a 2-for-1 stock split which increased the number of shares outstanding and decreased earnings per share. The company warned that 2012 could be a tough year due to weakness in the economy, but said earnings could still be higher.

7 Comments

7 Responses to “Polaris Industries Reports Higher Than Expected 3rd Quarter Results And Raises Its Full Year Outlook”

Feed for this Entry
  1. 1 XH-D Rider Oct 18th, 2011 at 9:31 am

    How come Polaris report isn’t as detailed as harley.
    Cyril are you prejudice in your posting

  2. 2 Matt Oct 18th, 2011 at 10:17 am

    Nice to see both modern and retro American motorcycle brands seeing gains in this economy.

  3. 3 Richard Oct 18th, 2011 at 1:33 pm

    Congratulations to Polaris. Good Year! How about Victory numbers. How did they do in sales, profits etc. ? Anyone know?

  4. 4 Toby Oct 18th, 2011 at 1:52 pm

    Richard, Polaris does not break out specific profit on vehicles, although you can get the total number of bike sales from them and other sources.

    Hate to play the devil’s advocate here, but Polaris got whacked too (stock down 6%). Like HD, total projected vehicle sales and margins are predicted to be anemic. Both companies, though, are financially strong, and should weather the storm(s).

  5. 5 Cyril Huze Oct 18th, 2011 at 2:37 pm

    XH-D Rider. Of course not prejudiced against Polaris. The 3rd quarter results for Polaris & Victory were published about 15 minutes after their announcements at 8 am this morning. Don’t wish to know very fast? Harley provided me with all detailed information. Polaris doesn’t announce some detailed information, like Harley, or does it later. Complementary info will be published as soon as available.

  6. 6 martin Twofeather Oct 20th, 2011 at 12:26 am

    I feel like Matt it is great to see both company’s doing good,now bring on the Indians!

  7. 7 TodT Oct 20th, 2011 at 8:11 am

    I’m curious to see what they’ll do with the Indian line also…..

Comments are currently closed.
Cyril Huze