Polaris reported record 2Q earnings driven by growth across product lines and geographic areas with North American sales increasing 43% and International sales increasing 35%. Management now expects full year sales growth to be in the 25% to 28% range.
Off-road vehicle sales which includes ATVs and UTVs were $482 million for the quarter and $870 million for the first six months of 2011 compared to $342 and $592 million for 2010 respectively. These figures represent 41% year to year quarterly growth and 47% year to year six month growth. Management reports gaining market share in both the ATV and side-by-side market segments in North America with ATV sales up less than 10% for the quarter. Side-by-side sales were not specified but likely increased by over 20% for the quarter. Off-road military, Bobcat related sales and international sales all increased for the quarter, the latter by 35%. Learn more: Marketwatch.com