polaris industries inc (PII) Key Developments
Polaris Industries Introduces Sportsman 110 EFI and Outlaw 110 EFI Youth Models
Apr 9 15
Polaris Industries Inc. has introduced the Sportsman 110 EFI and Outlaw 110 EFI youth models. The new models are the first youth ATVs to offer EFI and will be available in dealerships in May. The Sportsman and Outlaw 110 EFI youth models will replace the current Sportsman and Outlaw 90 models and include an upgraded 110cc engine for improved off-road performance and Electronic Fuel Injection (EFI) for easier cold starting, reduced maintenance and improved run and idle quality. Both models will be classified as Y-10+ for riders 10 years old and older with adult supervision. The vehicles' speed is limited to less than 15 mph/24.1 kph as delivered, and the speed control system allows adults to increase the speed to a maximum of up to 29 mph/47 kph. The Sportsman 110 EFI will be available in Sage Green while the Outlaw 110 EFI in Voodoo Blue. The Sportsman and Outlaw 110 EFI will continue to offer a wide variety of safety features such as an adjustable throttle limiter to enable adults to set a maximum speed control limit, daytime running lights to increase daytime visibility, full floorboards and heat shields. Other vehicle features include an electric start, automatic transmission, 4-stroke engine, and long travel suspension. Similar to all other Polaris youth models purchased from an authorized dealer, the Sportsman and Outlaw 110 EFI also come with a high visibility whip flag and safety video. All Polaris youth vehicles also come with a DOT-approved helmet (two for the RZR 170 EFI) to help teach kids the importance of wearing the proper safety gear. Along with the Sportsman and Outlaw 110 EFI, Polaris will continue to offer the Outlaw 50, classified as Y-6+, for riders 6 years old and older; the entry-level Phoenix 200, classified as T, for riders 14 and older; and the RZR 170 EFI side-by-side for riders 10 years old and older.
Michael Jonikas, Polaris Industries Inc. Vice President of Snowmobiles and Slingshot to Retire in May 2015
Mar 23 15
Polaris Industries Inc. announced that Michael Jonikas, Vice President of Snowmobiles and Slingshot, will be retiring in May of this year. Over the past fifteen years, Mike Jonikas has been a key leader for Polaris and the powersports industry, and has made significant contributions to both. Jonikas began his Polaris career in 2000 as a Marketing Director in the Off-Road Vehicles (ORV) division, then went on to become the first General Manager of Side-by-Side (SxS) vehicles, Vice President of Sales & Corporate Marketing and On Road, and finally VP of Snowmobile and Slingshot. Under his guidance, Polaris’ snowmobile business has reached new heights in performance - both from the vehicles themselves and from a sales perspective - while his work with Slingshot resulted in one of the most successful product launches in Polaris history.
Polaris Industries Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-03-2015 10:25 AM
Feb 24 15
Polaris Industries Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-03-2015 10:25 AM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: Scott W. Wine, Chairman, Chief Executive Officer and Member of Technology Committee.
Polaris Industries Inc. Declares Increased Quarterly Cash Dividend, Payable on March 16, 2015
Jan 29 15
Polaris Industries Inc. announced that its Board of Directors approved a 10% increase in the regular quarterly cash dividend, raising the payout to $0.53 per share. This increase represents the 20th consecutive year of Polaris increasing its dividend effective with the 2015 first quarter dividend. The first quarter dividend will be payable on March 16, 2015 to shareholders of record at the close of business on March 2, 2015.
Polaris Industries Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015
Jan 27 15
Polaris Industries Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported sales were $1,275,000,000 compared to $1,083,710,000 a year ago. Operating income was $210,000,000 compared to $169,098,000 a year ago. Income before income taxes was $202,476,000 compared to $165,332,000 a year ago. Net income from continuing operations was $135,397,000 compared to $108,680,000 a year ago. Net income was $135,397,000 or $1.98 diluted per share compared to $108,680,000 or $1.56 diluted per share a year ago.
For the year, the company reported sales were $4,479,648,000 compared to $3,777,068,000 a year ago. Operating income was $714,690,000 compared to $577,914,000 a year ago. Income before income taxes was $699,317,000 compared to $574,429,000 a year ago. Net income from continuing operations was $454,029,000 compared to $381,069,000 a year ago. Net income was $454,029,000 or $6.65 diluted per share compared to $377,292,000 or $5.35 diluted per share a year ago. Net cash provided by operating activities was $529,270,000 compared to $492,240,000 a year ago. Purchase of property and equipment was $205,079,000 compared to $251,401,000 a year ago.
The company provided earnings guidance for the full year of 2015. Full year 2015 earnings per share is expected to be in the range of $7.22 to $7.42 per diluted share, an increase of 9% to 12% over the full year 2014 earnings per share. Net income for full year 2015 is expected to increase in the range of 9% to 12% over full year 2014. Sales for full year 2015 are expected to increase 9% to 12% over full year 2014 sales. Capital expenditures for the full year 2015 are expected to be over $250 million, which includes a portion of the cost of new ORV manufacturing plant in Alabama as well as an increase in tooling investments for the new products under development for model year 2016 and beyond. Moving down the P&L. Gross margins are expected to be in the range of flat to up 20 basis points in 2015.