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Polaris Hires Retail Executive, Strengthens Adjacency Focus
New leadership for Parts, Garments and Accessories facilitates strong focus on Small Vehicles, enabling accelerated growth for each business
MINNEAPOLIS--(BUSINESS WIRE)--Feb. 6, 2012-- Polaris Industries Inc. (NYSE: PII) today announced the hiring of Steve Eastman, former president of Target.com, to lead its Parts, Garments, and Accessories (PG&A) business. This appointment allows Scott Swenson, who previously ran both PG&A and the Company’s Small Vehicles business, to focus his attention on establishing a strong Polaris presence in the $4 billion small electric vehicle market. After a record year in 2011, Polaris expects these businesses to strongly contribute to its future success.
“O...
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Polaris Industries Announces 64% Increase in Cash Dividend for 2012
MINNEAPOLIS--(BUSINESS WIRE)--Feb. 2, 2012-- Polaris Industries Inc. (NYSE: PII) today announced that its Board of Directors approved a 64 percent increase in the regular quarterly cash dividend to $0.37 per share effective in the first quarter 2012.
Scott Wine, Polaris’ CEO, commented: “During calendar year 2011 our net income increased 55 percent on 33 percent sales growth. Given this strong performance, our solid long-term growth prospects, and our ongoing commitment to enhancing shareholder value, for the 17th consecutive year we are raising our dividend payout. This percentage increase is our largest since 1995, reflecting the momentum and potential of our business and the strength of...
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Polaris Reports Record 2011 Fourth Quarter and Full Year Results
Fourth Quarter and Full Year Highlights:
Fourth quarter 2011 earnings per diluted share increased 15% to a
record $0.90 with sales increasing 26% from the year earlier period to
a record $782.0 million.
All product lines experienced increased sales and market share for
the full year 2011.
International sales increased 43% in the fourth quarter 2011 and
39% for full year 2011 despite a volatile European economic
environment.
Full year 2011 earnings per diluted share increased 50% to a record
$3.20 with record sales of $2,656.9 millio...
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Polaris Schedules Fourth Quarter and Full Year 2011 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--Jan. 9, 2012-- Polaris Industries Inc. (NYSE: PII) announced today that it will release its fourth quarter and full year 2011 financial results on Wednesday, January 25, 2012, and will hold a conference call and webcast at 9:00 a.m. Central Time on the same day to discuss the release.
The call will be hosted by Scott Wine, CEO, Bennett Morgan, President and COO and Mike Malone, Vice President Finance and CFO.
A slide presentation and link to the webcast will be posted on the Polaris Investor Relations web site at www.polarisindustries.com/irhome. To listen to the conference call by phone, dial 800-374-6475 in the U.S. and Canada, or 973-200-3967 Internationa...
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Polaris Expands Side-by-Side Lineup with Introduction of Four-Passenger Recreational Vehicle
New RANGER RZR XP 4 900 Debuts in Dealerships in January
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 20, 2011--
Polaris Industries Inc. (NYSE: PII) today announced the release of the RANGER
RZR XP 4 900, the latest addition to the Company’s industry-leading
lineup of extreme performance side-by-sides. This new vehicle, which is
the first four-passenger vehicle in a class Polaris pioneered earlier
this year, debuted to press and dealers via a webcast earlier today with
information available to consumers on Polaris.com. The new model will
ship to dealers in the coming weeks and be on show floors in January,
complementing Polaris...
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Polaris Industries Inc. to Present at Wedbush Securities 2011 California Dreamin' Consumer Management Access Conference
MINNEAPOLIS, Dec 01, 2011 (BUSINESS WIRE) -- Polaris Industries Inc. (NYSE: PII) announced today that it will present at the Wedbush Securities California Dreamin' Consumer Conference at The Fairmont Hotel in Santa Monica, California on Tuesday, December 6, 2011 at 8:00 a.m. PST. Mike Malone, V.P. of Finance & CFO of Polaris, will provide a brief review of the Company's past performance as well as an update on current business conditions.
A webcast of the presentation will be available by accessing the Polaris website at http://www.polarisindustries.com/irhome. A replay of the webcast will be available for one week following the event. The presentation for this event will also be posted on...
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Polaris to Acquire Goupil Industrie SA
Combining Polaris and Goupil creates a dynamic on-road, commercial
small electric vehicle business poised for continued growth
MINNEAPOLIS--(BUSINESS WIRE)--Nov. 16, 2011--
Polaris Industries Inc. (NYSE: PII) today announced the acquisition of
Goupil Industrie SA, a privately owned, Bourran, France-based
manufacturer of on-road, commercial electric vehicles, built on a
modular design that offers many functional options and appeals to a wide
variety of customers. The move will add Goupil vehicles to Polaris’
growing small electric vehicle product portfolio, while becoming part of
a global brand will expand Goupil’s rea...
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Polaris Announces Investment in Brammo
Powersports Leader Acquires an Interest in Electric Motorcycle Leader
MINNEAPOLIS, Oct 26, 2011 (BUSINESS WIRE) -- Polaris Industries Inc. (NYSE: PII) today announced a minority investment in Brammo, an Ashland, Ore.-based maker of electric vehicle technology and two-wheel electric vehicles. By investing in Brammo, Polaris obtains access to their proprietary electric vehicle powertrain technology, as well as exposure to the rapidly growing electric motorcycle market.
"We are excited to advance our electric vehicle capability by establishing Polaris as a business partner and part owner of Brammo, one of the most innovative and aggressive companies we have found in the electric motorcycle ...
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Polaris Declares Regular Cash Dividend
MINNEAPOLIS, Oct 20, 2011 (BUSINESS WIRE) -- Polaris Industries Inc. (NYSE: PII) today announced the declaration of a regular quarterly $0.225 per share cash dividend payable on November 15, 2011 to shareholders of record at the close of business on November 1, 2011.
About Polaris
With annual 2010 sales of $1.99 billion, Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER(R) for recreational and utility use, snowmobiles, motorcycles and on-road electric powered vehicles.
Polaris is a recognized leader in the powersports industry, among the global sales leaders for both snowmob...
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Polaris Reports Record Third Quarter 2011 Results; 26% Sales Growth Drove EPS Increase of 38%
Company Increases Full Year 2011 Guidance
Third Quarter Highlights:
Net income increased 43% to a record $67.6 million, or a record $0.95 per diluted share.
All product lines and geographic regions experienced sales growth during the third quarter.
Gross profit margin percentage increased 230 basis points to 28.3%.
During the third quarter, the Board of Directors declared a two-for-one split of the Company's outstanding shares of common stock.
Raising guidance for full year 2011 earnings to a range of $3.10 to $3.16 per diluted share, a 45% to 48% increase over full year 2010 based on expected full year 2011 sales growth of 30% to 32%.
MINNEAPOLIS, Oct 18, 2011 (BUSINESS WIRE) -- Po...
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