Last $156.11 USD
Change Today +2.78 / 1.81%
Volume 323.9K
As of 1:54 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

polaris industries inc (PII) Snapshot

Open
$153.06
Previous Close
$153.33
Day High
$156.33
Day Low
$152.62
52 Week High
11/13/14 - $159.33
52 Week Low
05/20/14 - $124.73
Market Cap
10.4B
Average Volume 10 Days
603.2K
EPS TTM
$6.65
Shares Outstanding
66.3M
EX-Date
02/26/15
P/E TM
23.5x
Dividend
$2.12
Dividend Yield
1.27%
Current Stock Chart for POLARIS INDUSTRIES INC (PII)

polaris industries inc (PII) Details

Polaris Industries Inc., together with its subsidiaries, designs, engineers, manufactures, and markets off-road vehicles, snowmobiles, motorcycles, and small vehicles primarily in the United States, Canada, Western Europe, Australia, and Mexico. It offers off-road vehicles, such as all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles consisting of various models, including independent front suspension, long travel rear suspension, hydraulic disc brakes, liquid cooling for brakes, and a three cylinder engine; V-twin cruiser motorcycles; small vehicles, including enclosed on-road quadricycles and light duty commercial vehicles; and technical riding gears for the snowmobile and motorcycle industries. The company also provides replacement parts and accessories consisting of winches, bumper/brushguards, plows, racks, mowers, tires, pull-behinds, cabs, cargo box accessories, tracks, and oil for off-road vehicles; covers, traction products, reverse kits, electric starters, tracks, bags, windshields, oil, and lubricants for snowmobiles; and saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories for motorcycles. It sells its products through a network of independent dealers and distributors primarily under the RANGER, RZR, RANGER Crew, Victory Vision, Victory Cross Roads, Cross Country, Indian Chief Classic, Indian Chief Vintage, Indian Chieftain, Roadmaster, Scout, Victory Magnum, and Polaris RUSH names. Further, the company markets recreational apparel, which includes helmets, jackets, bibs and pants, leathers, and hats through dealers and distributors, as well as through sites polaris.com, indianmotorcycle.com, klim.com, kolpin.com, and proarmor.com. Polaris Industries Inc. was founded in 1987 and is headquartered in Medina, Minnesota.

7,000 Employees
Last Reported Date: 02/20/15
Founded in 1987

polaris industries inc (PII) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $941.3K
President and Chief Operating Officer
Total Annual Compensation: $562.5K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $443.8K
Vice President, Compliance Officer, General C...
Total Annual Compensation: $369.5K
Vice President of Human Resources
Total Annual Compensation: $351.3K
Compensation as of Fiscal Year 2013.

polaris industries inc (PII) Key Developments

Polaris Industries Inc. Declares Increased Quarterly Cash Dividend, Payable on March 16, 2015

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

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.

Polaris Industries Inc. Plans to Build New Production Facility in Huntsville, Alabama

Polaris Industries Inc. announced plans to build a new production facility in Huntsville, Alabama to provide additional capacity and flexibility as the company continues to experience rapid growth. Located Southwest of Huntsville City Center, the 600,000 square-foot facility will focus on off-road vehicle production. The 453-acre Huntsville site offers Polaris close proximity to its key customer base in the Southeast U.S. and strong logistics network. Polaris will design and develop a lean and flexible facility to drive continuous improvement from the start. The new plant in Alabama will become part of the North American plant network and will reduce complexity within the existing plant network and enable logistics optimization. The facility will have multiple assembly lines providing flexibility to quickly replenish demand and support continued product innovations. Equipped with technologies, the plant will support several core processes including, vehicle assembly, chassis and body painting, welding, fabrication and injection molding. At full capacity, the site will employ at least 1,700 people. Polaris will break ground on the Huntsville facility in the first quarter of 2015 with completion slated for early in the second quarter of 2016. Production will begin shortly thereafter.

 

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Industry Analysis

PII

Industry Average

Valuation PII Industry Range
Price/Earnings 23.0x
Price/Sales 2.2x
Price/Book 11.8x
Price/Cash Flow 22.4x
TEV/Sales 2.2x
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