Polaris Q2 Revenues Up 24.5% To $430.9m
Polaris Industries has reported total sales of $430.9m for the second quarter of 2010, an increase of 24.5% compared to $345.8m for the same quarter in 2009.
The company's operating income for the quarter was $42.9m which is an increase of 58.6% compared to $27.1m for the same period last year.
The company posted income before income taxes of $39.1m for the second quarter of 2010, compared to $26.6m for the same quarter in 2009.
For the quarter ended June 30, 2010, the company posted net income of $25.6m, or $0.75 per share, compared to $17.4m, or $0.53 per share, for the same period last year.
Scott Wine, CEO of Polaris, said: “Polaris maintained strong momentum in the second quarter, driven by solid market share gains, sales growth and margin expansion.
Innovation and execution enabled us to deliver another quarter of solid operating results in an overall economic and powersports industry environment that remains sluggish.
“Market share gains across most our product lines, and particularly in our ORV business, continue to drive retail sales demand ahead of our expectations.
Our international business also did well in the second quarter, with sales up 32%, as market share gains and growth offset the currency weakness and economic concerns in Europe.
Related Insight
Suppliers Directory
Auto Components Chassis & Suspension Powertrain Paints & Materials
Technology Automobile Technology Testing
Leasing & Insurance
Supply Chain Automobile Distribution Fleet Management
Green Technology Green Vehicles Green Powertrain
Intelligence
“Competing For Share Of Global Automotive Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the chemicals industry. The report also identifies automotive manufacturers and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Reports Buy online from $2000
Comments may be moderated for spam, obscenities or defamation.