Polaris Industries continues exhibiting strong growth in a down economy, increasing sales 26% in the 3Q to reach $729.9 million and increasing net income to $67.6 million from 47.2 million year over year.  Year to date sales increased 37% to compared to last year.  Management expects full year sales to increase 32% over 2010 figures to reach over $2.5 billion.  Gains were made in a number of areas including net income, earnings per share, margins and in overseas markets, including the sluggish European market.

The Off-road division grew 25% for the quarter and 38% year to date based on gains in side-by-sides, military and international markets.  Side-by-sides business increased over 20% in the quarter for Polaris compared to “low double digits” for the North American market as a whole.  The ATV market continues to decline but Polaris is still gaining market share.  Management also reports continuing success in penetrating commercial and rental markets through their partnership with Bobcat.

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