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.<\/p>\n
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.<\/p>\n
Learn more: ??Seekingalpha.com<\/a>??(conference call transcript)<\/p>\n","protected":false},"excerpt":{"rendered":" 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 … Continue reading