Polaris 3rd Quarter Earnings Jump 26% On Strong Sales Gains Due In Part To Its Indian Motorcycle Line

IndianlineupEarly this Wednesday morning, Polaris (NYSE:PII) roared ahead of third-quarter earnings estimates due in part to its reinvigorated Indian motorcycle line. Earnings per share minus items climbed 26% to $2.06 on an 18% rise in revenue to $1.3 billion.

VictoryPolaris has beaten quarterly earnings estimates for more than two years in a row. Wall Street expected EPS of $2.02 on revenue of $1.28 billion. Bread-and-butter off-road-vehicle sales climbed 17% to $823.2 million, prompting the Medina, Minn.-based company to raise its EPS outlook for the current year to $6.55-$6.65 from a previously raised estimate of $6.48-$6.58., an increase of 21 percent to 23 percent over full year 2013 earnings from continuing operations of $5.40 per diluted share. CEO Scott Wine said in a press statement that in Q3, “we garnered strong retail sales in all categories, even as we introduced more than 20 new off-road vehicles and motorcycles.”

For the full year 2014, the Company is increasing its guidance and now expects earnings from continuing operations to be in the range of $6.55 to $6.65 per diluted share,  Full year 2014 sales are expected to grow in the range of 17 percent to 18 percent when compared to 2013. Polaris PII stock is down 0.71% year to date and up 10.67% for last 12 months.

Third Quarter Performance Summary (in thousands except per share data)


17 Responses to “Polaris 3rd Quarter Earnings Jump 26% On Strong Sales Gains Due In Part To Its Indian Motorcycle Line”

  1. 1 Kurt From Germany Oct 22nd, 2014 at 3:27 pm

    Bravo Polaris, Indian & Victory Motorcycles.

  2. 2 B. Temple Oct 22nd, 2014 at 3:34 pm

    +28% from motorcycles versus same quarter last year, + 62% for 3 quarters in 2014 versus same 3 quarters of 2013. Not bad, not bad at all.

  3. 3 Drake Oct 22nd, 2014 at 3:35 pm

    Looks like bikers love to have a choice…

  4. 4 Greeko Oct 22nd, 2014 at 3:37 pm

    Each time an Indian or Victory is sold, it must bothers Harley quite a bit.

  5. 5 Sherman Oct 22nd, 2014 at 3:42 pm

    Polaris always announces its financial results just 24 h after Harley. Is there anyone who knows why?

  6. 6 Woody's Oct 22nd, 2014 at 4:27 pm

    Is there really anyone who doesn’t know? 😉

  7. 7 BobS Oct 22nd, 2014 at 4:32 pm

    Strong report. Q4 will include shipments of the new Victory and Indian models, plus Shipments of Slingshot. Yeah, I think it’s a car too, but it’s officially registered as a motorcycle so that’s what it’s sales will be recorded as. Going to be an interesting year.

  8. 8 Frosty Oct 22nd, 2014 at 5:05 pm

    More nails in Harley tires.

  9. 9 Rodent Oct 22nd, 2014 at 5:32 pm

    Stop picking on Harley. At last they give production numbers. Wonder why Polaris don’t? Ashamed?

  10. 10 Frosty Oct 22nd, 2014 at 5:50 pm

    Rodent. You don’t understand how business works. Polaris doesn’t have to give you a breakdown by model. Nothing to do with the consumers but with the competition. In their position, do you want to say to Harley and others what models sell most? Of course not. One day, they will…

  11. 11 Blackmax Oct 22nd, 2014 at 6:04 pm

    Spot On Woody !!!!
    Like Greeko, I tend to think that for every Cross Country/Roads,
    Vision (Yes there are people who REALLY like that bike, believe it or not)
    Chief, Vintage & Chieftain, H-D sweats just a little bit more.
    “Uneasy lies the head upon which rests the crown” ……

  12. 12 Sharkey Oct 22nd, 2014 at 8:36 pm

    Yawn…intersting if I was a broker or active in the stock market, but means nothing to me as a long time motorcyclist…

  13. 13 Toby Oct 22nd, 2014 at 11:47 pm

    Production and model numbers are semi-public information that is available from bike registrations. There are third party companies that tabulate this info on a monthly basis by getting that info from each state. It is usually delayed a bit as sales in the SEC report are tabulated when sold to a dealer, and sales to the ultimate customer are taken from new state registrations. There is a delay, but these companies can gain much info from vin numbers and trends in registrations. Rest assured that they all know what the other is doing.

  14. 14 BobS Oct 23rd, 2014 at 9:49 am

    Yeah you guys, stop picking on Harley. Or else Rodent’s going to go tell his Mom!

  15. 15 Matt W. Oct 23rd, 2014 at 10:06 am

    Glad to see Polaris’s interest & investment in Indian continuing to pay off. Looking forward to seeing many more years of brand continuing to thrive.

  16. 16 Woody's Oct 24th, 2014 at 10:18 am

    Perhaps H-D should just stop posting detailed sales info/breakdowns since they have domestic competition now that chooses not to? % snapshots can look great, but the raw numbers tell the whole story. I chuckled a while back when I saw a TV ad for a car dealer that proudly proclaimed they were “America’s fastest growing Hyundai dealer” with sales up over 200% over last year. It was completely factual, I’m sure. It failed to mention the dealership had only been open a few months in 2013 since it was a brand new location. By % any newly opened shoe store should have sales increases far outstripping longtime ones 😉

  17. 17 morpion Oct 28th, 2014 at 1:59 pm

    i don,t see how many indians or victorys sold in that period,,,,,,they just mention motorcycles,,,,,

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Cyril Huze