{"id":3626,"date":"2014-10-25T16:54:55","date_gmt":"2014-10-25T16:54:55","guid":{"rendered":"http:\/\/azureblog.smallvehicleresource.com\/?p=3626"},"modified":"2014-10-25T16:58:15","modified_gmt":"2014-10-25T16:58:15","slug":"polaris-reports-strong-quarterly-earnings-for-q3-2014","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2014\/10\/25\/polaris-reports-strong-quarterly-earnings-for-q3-2014\/","title":{"rendered":"Polaris Reports Strong Quarterly Earnings for Q3 2014"},"content":{"rendered":"<div id=\"attachment_3555\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2014\/08\/RZR-XP-1000-EPS-Desert-Edition.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3555\" class=\"size-medium wp-image-3555\" alt=\"New 2015RZR XP 1000 EPS Desert Edition\" src=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2014\/08\/RZR-XP-1000-EPS-Desert-Edition-300x168.jpg\" width=\"300\" height=\"168\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2014\/08\/RZR-XP-1000-EPS-Desert-Edition-300x168.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2014\/08\/RZR-XP-1000-EPS-Desert-Edition-500x281.jpg 500w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2014\/08\/RZR-XP-1000-EPS-Desert-Edition.jpg 721w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-3555\" class=\"wp-caption-text\">RZR XP 1000&#8217;s like the new 2015 RZR XP 1000 EPS Desert Edition helped drive sales.<\/p><\/div>\n<p>Polaris reported an 18% year over year increase in revenue for third quarter 2014 driven by increases in their motorcycle, PG&amp;A and Off-road Vehicle (ORV) divisions. ORV which includes side-by-sides and ATVs recorded a 17% increase. With another strong quarter, management raised their guidance for full-year results in 2014. Some highlights of the earnings call as it relates to Small, Task-Oriented Vehicles include:<\/p>\n<ul>\n<li>ORV revenue up 14% year-to-date<\/li>\n<li>Market share gains in the quarter for both side-by-sides and ATVs in North America adds to their #1 positions<\/li>\n<li>ORV revenue was driven by side-by-sides that outpaced the industry believed to be growing at 10%<\/li>\n<li>The 2 and 4 seat RZR XP 1000&#8217;s as well as the RZR 900 Trail are selling well<\/li>\n<li>In the commercial UTV segment??Brutus retail sales continue to grow sequentially and year-over-year for both Polaris and Bobcat<\/li>\n<li>Commercial national accounts and fleet sales were strong<\/li>\n<li>The Gravely Atlas UTV was launched in the quarter<\/li>\n<li>Defense related ORV revenue was flat for the quarter but up 25% year-to-date with international sales of the MRZR contributing<\/li>\n<li>The Small Vehicle division reported an 8% revenue increase in the quarter due to GEM and Aixam<\/li>\n<li>Year-to-date Small Vehicle revenue is up 52%<\/li>\n<li>GEM reported retail sales increase of 20% on action in B2B and GSA sales<\/li>\n<li>While Aixam grew despite a weakening European market, Goupil revenue decreased with softness in the French economy, their major market<\/li>\n<li>The Opole, Poland factory opened and will produce ORV and other products for the European and Middle East markets<\/li>\n<li>International sales were helped by strong ORV sales in India and Australia<\/li>\n<li>Currency issues provided some headwind in foreign markets<\/li>\n<\/ul>\n<p><a title=\"Polaris Reports Strong Quarterly Earnings\" href=\"http:\/\/seekingalpha.com\/article\/2584545-polaris-industries-pii-ceo-scott-wine-on-q3-2014-results-earnings-call-transcript\" target=\"_blank\" rel=\"nofollow\">Learn more: ??Seekingalpha.com<\/a>??(earnings call transcript)<\/p>\n<p><strong>Comments:<\/strong>?? Despite some macro economic issues the Polaris juggernaut keeps on rolling as they continue to add market share despite increased competition in the side-by-side and ATV markets. Their large market share and subsequent production volume gives them an advantage in driving down vehicle costs and provides funding for their robust R&amp;D budget and new model pipeline. The large number of models they market allows them to target specific sub-segments with specific vehicle capabilities and characteristics. In turn this makes it more difficult for competitors to match up on a vehicle to vehicle basis in each sub-segment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polaris reported an 18% year over year increase in revenue for third quarter 2014 driven by increases in their motorcycle, PG&amp;A and Off-road Vehicle (ORV) divisions. ORV which includes side-by-sides and ATVs recorded a 17% increase. With another strong quarter, &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2014\/10\/25\/polaris-reports-strong-quarterly-earnings-for-q3-2014\/\">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":[5,7,8,12,18,23,27],"tags":[388,1000,1684],"class_list":["post-3626","post","type-post","status-publish","format-standard","hentry","category-electric-vehicles","category-gem","category-globalization","category-management","category-nev","category-sales-figures","category-utility-vehicles","tag-earnings-call","tag-polaris-industries","tag-quarterly-earnings"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/3626"}],"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=3626"}],"version-history":[{"count":3,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/3626\/revisions"}],"predecessor-version":[{"id":3629,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/3626\/revisions\/3629"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=3626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=3626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=3626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}