Just after Harley-Davidson, Polaris Industries announced its 4th quarter 2011 and full year results, and they are excellent. As you know, Polaris designs, engineers, manufactures and markets ioff-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-side vehicles, snowmobiles, the Victory motorcycles and on-road electric/hybrid powered vehicles.
Fourth quarter 2011 earnings per diluted share increased 15% to a record $0.90 with sales increasing 26% from the year earlier period to a record $782.0 million. Full year 2011 earnings per diluted share increased 50% to a record $3.20 with record sales of $2,656.9 million, an increase of 33% from the 2010 full year. All product lines experienced increased sales and market share for the full year 2011. International sales increased 43% in the fourth quarter 2011 and 39% for full year 2011 despite a volatile European economic environment.
“Our top and bottom-line expansion, and the momentum we are sustaining throughout our business, directly results from our focus on driving innovation, enhancing our product offering, reducing costs, and growth through new global markets and adjacencies,” stated Scott Wine, Polaris’ Chief Executive Officer. “Specifically, during the year we furthered our leading market share position in off-road vehicles while continuing to gain market share in motorcycles and snowmobiles”
Below, a breakdown of Polaris Industries by product line sales. You will notice the amazing results of the On Road/Victory Motorcycles… (+69% 4th quarter 2011, + 79% for the 12-month period ending December 31, 2012.