{"id":1901,"date":"2011-05-06T14:09:45","date_gmt":"2011-05-06T18:09:45","guid":{"rendered":"http:\/\/smallvehicles.wordpress.com\/?p=1901"},"modified":"2011-05-06T14:09:45","modified_gmt":"2011-05-06T18:09:45","slug":"polaris-reported-record-earnings","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2011\/05\/06\/polaris-reported-record-earnings\/","title":{"rendered":"Polaris Reported Record Earnings"},"content":{"rendered":"<p>Polaris Industries recently reported record earnings for the first quarter of 2011. ??Management reported sales of $537.2 million ??and net income of $47.3 million for the quarter compared to $361.7 million and $19.8 million in the first quarter of 2010. ??For the full year 2011 management expects sales to increase 17%-20% compared to 2010.<\/p>\n<p>I listened to the earnings conference call and here are some of the highlights as it relates to the STOV markets.<\/p>\n<ul>\n<li>Off-road vehicles which includes UTVs and ATVs exceeded expectations<\/li>\n<li>International sales were up 21% in part do to side by side sales increasing 50% in Europe where these vehicles are supplanting ATVs as they have been in North America<\/li>\n<li>Polaris is gaining market share in UTVs and ATVs as they outperform the market domestically and internationally.<\/li>\n<li>Management reports side by side sales increasing more than double the overall market rate<\/li>\n<li>RZR XP 900 launched in January is selling well<\/li>\n<li>Bobcat branded vehicles they supply &#8220;ramped up nicely&#8221; and is gaining retail momentum<\/li>\n<li>Military sales which includes some STOV products doubled in the first quarter<\/li>\n<li>Diesel product started nicely and is expected to slowly but steadily develop with good opportunities in the UK, military and single fuel use segments such as farming and construction<\/li>\n<li>Off-road parts, garments and accessories sales increased 22% in Q1<\/li>\n<\/ul>\n<div><a title=\"Polaris Industries Q1 2011 Earnings Call\" href=\"http:\/\/phx.corporate-ir.net\/phoenix.zhtml?c=108235&amp;p=irol-EventDetails&amp;EventId=3915187\" target=\"_blank\" rel=\"nofollow\">Learn more: ??Polarisindustries.com<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Polaris Industries recently reported record earnings for the first quarter of 2011. ??Management reported sales of $537.2 million ??and net income of $47.3 million for the quarter compared to $361.7 million and $19.8 million in the first quarter of 2010. &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2011\/05\/06\/polaris-reported-record-earnings\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,12,14,23,1,27],"tags":[121,190,387,798,833,885,929,1000,1128,1132,1348],"class_list":["post-1901","post","type-post","status-publish","format-standard","hentry","category-globalization","category-management","category-market-trends","category-sales-figures","category-uncategorized","category-utility-vehicles","tag-atv","tag-bobcat","tag-earnings","tag-market-share","tag-military-segment","tag-net-income","tag-off-road-market","tag-polaris-industries","tag-rzr-xp-900","tag-sales","tag-uk"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/1901"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=1901"}],"version-history":[{"count":0,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/1901\/revisions"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=1901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=1901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=1901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}