{"id":5332,"date":"2017-08-08T19:43:57","date_gmt":"2017-08-08T19:43:57","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?p=5332"},"modified":"2017-08-08T19:43:57","modified_gmt":"2017-08-08T19:43:57","slug":"polaris-industries-q2-2017-earnings-results","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2017\/08\/08\/polaris-industries-q2-2017-earnings-results\/","title":{"rendered":"Polaris Industries Q2 2017 Earnings Results"},"content":{"rendered":"<div id=\"attachment_4775\" style=\"width: 731px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4775\" class=\"size-full wp-image-4775\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/09\/RZR-XP-4Turbo-EPS.jpg\" alt=\"RZR XP 4 Turbo EPS\" width=\"721\" height=\"406\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/09\/RZR-XP-4Turbo-EPS.jpg 721w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/09\/RZR-XP-4Turbo-EPS-300x169.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/09\/RZR-XP-4Turbo-EPS-500x282.jpg 500w\" sizes=\"(max-width: 721px) 100vw, 721px\" \/><p id=\"caption-attachment-4775\" class=\"wp-caption-text\">RZR sales showed improvement in the quarter compared to the prior year results hurt by??recall issues.<\/p><\/div>\n<p>Polaris Industries recently announced their quarterly earnings results for the second quarter of the 2017 fiscal year. The quarter ended June 30, 2017. Management reported second quarter sales of $1,364.9 million, up 21% from second quarter 2016. Net income for the quarter was $62.0 million compared to $71.2 the prior year, and included some one-time expenses.<\/p>\n<p>The following are some of the highlights of the earnings call related to small, task-oriented vehicles:<\/p>\n<ul>\n<li>ORV sales increased 6% for the quarter<\/li>\n<li>North American ORV unit retail sales for the second quarter of 2017 were down low-single digits percent from the 2016 second quarter as UTV sales increased low single digits but ATVs sale declined high single digits in a weak ATV market<\/li>\n<li>Polaris ATVs lost market share in a heavy promotional environment<\/li>\n<li>RZR retail turned positive while Ranger retail was flat for the quarter in a highly competitive segment with significant promotional activity<\/li>\n<li>The General UTV product line has been good and the segment offers good opportunities according to management<\/li>\n<li>Agriculture markets remain weak while oil markets are improving<\/li>\n<li>Global Adjacent Markets segment sales increased 7% driven by the Work &amp; Transportation group with good performances from Aixam quadricycles and Goupil light utility vehicles<\/li>\n<li>Management expects Global Adjacent Market segment to increase mid-single digits percent for the year<\/li>\n<li>Side-by-sides are expected to drive the improved guidance??for the ORV\/Snowmobile segment, which is now expected to see flat sales year-over-year<\/li>\n<\/ul>\n<p><a href=\"https:\/\/seekingalpha.com\/article\/4089167-polaris-industries-pii-ceo-scott-wine-q2-2017-results-earnings-call-transcript?part=single\" target=\"_blank\" rel=\"nofollow\">Learn more: ??Seekingalpha.com<\/a> (Earnings call transcript)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polaris Industries recently announced their quarterly earnings results for the second quarter of the 2017 fiscal year. The quarter ended June 30, 2017. Management reported second quarter sales of $1,364.9 million, up 21% from second quarter 2016. Net income for &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2017\/08\/08\/polaris-industries-q2-2017-earnings-results\/\">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":[12,997,23,1829,27],"tags":[388,2086,2505,1684,1047,1127],"class_list":["post-5332","post","type-post","status-publish","format-standard","hentry","category-management","category-polaris","category-sales-figures","category-side-by-side-2","category-utility-vehicles","tag-earnings-call","tag-general","tag-goupil-aixam","tag-quarterly-earnings","tag-ranger","tag-rzr"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5332"}],"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=5332"}],"version-history":[{"count":5,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5332\/revisions"}],"predecessor-version":[{"id":5337,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5332\/revisions\/5337"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=5332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=5332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=5332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}