POLARIS Industries Inc. reported record fourth quarter sales revenue of $1,275.00 million, an increase of 18 percent over the final quarter in 2013, and full year sales revenue of $4,479.6 million, an increase of 19 percent compared to 2013.
Net income was $135.4 million for the fourth quarter of 2014, up 25 percent from the year-ago quarter, and $454.0 million for the full year 2014, up 19 percent.
Fourth quarter net income was a record $1.98 per diluted share for the quarter, and a record $6.65 per diluted share (up 23 percent) per diluted share for their full January -December 2014 financial year.
Polaris’ Chairman and Chief Executive Officer Scott Wine commented that “2014 marks our fifth consecutive year of double digit sales and earnings growth, an accomplishment which testifies to the innovative spirit and dedication of the 8,000 member global Polaris team.
"During the year, we added over thirty new vehicles to the Polaris armada, expanding and strengthening our portfolio with our largest ever new product introduction, while our strategic acquisitions and significant investments in our global manufacturing infrastructure allow us to both create and meet the increasing demand for our products.”
The company says that fourth quarter off-road vehicle sales increased 19%, while motorcycle sales (Victory and Indian) increased 50%, with PG&A sales up 21% - North American retail sales remained strong for the Medina, Minnesota headquartered manufacturer, increasing 13% in the fourth quarter compared to 2013.
www.polaris.com
