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Record first quarter for Polaris

Polaris Industries Inc. recorded in April 2014, the 18th consecutive quarter of record earnings.

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Celebrating 60 years of Polaris

Polaris Industries Inc. recorded in April 2014, the 18th consecutive quarter of record earnings. First quarter sales increased 19% to $888.3 million, setting a new record for the first quarter of the year. In turn, operating income increased 24% to $126.7 million in the same period.

Scott Wine, Polaris’ Chairman and CEO, attributed this exceptional performance to the broad and diversified product and brand portfolio. There was excellent contribution from Polaris’ Off-Road Vehicles’ (ORV) business and rapid growth of the motorcycle, small vehicle and PG&A (Parts, Garments and Accessories) businesses in both North America and internationally.

We remain true to the long-term corporate strategy to become a customer-centric, highly profitable $8 billion global enterprise,” Scott commented, “and we made solid progress in the quarter towards each of our strategic growth objectives.”

He says the company’s teams are further strengthening the powerful portfolio of brands, with product innovation at the forefront of this initiative. This was highlighted in the first quarter by the introduction of the Sportsman ACE which garnered interest exceeding Polaris’ expectations.

The PG&A business expanded with the acquisition of Kolpin Outdoors Inc, a highly respected powersports aftermarket company. Polaris says it is continuing to enhance and streamline the customer experience with the merging of the sales and service operation, corporate marketing and interactive group into a unified global customer excellence team.

60 years polaris
2014 marks Polaris’ 60th year of bringing innovative products to our consumers.” Scott adds. “From our humble beginnings as a small snowmobile company in northern Minnesota, Polaris has evolved into a multi-national company that builds industry leading products and is on track to generating over $4 billion in annual sales.”

Polaris is now the world and European No1 in All-Terrain Vehicles.

More information from Polaris Britain: 0800 915 6720 or visit www.polaris-britain.com

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