Polaris has been the company on the move in 2011, and its second quarter earnings show why. Gobbling up Indian and then later GEM, Polaris has shown that it has an appetite for growth, which has been fueled by its strong sales, which have increased in revenue by 41% over Q2 2010. Perhaps more impressive is that the American company has parlayed that increase in revenue into a 90% increase in net income over the same time period, which has been a boon for the company’s shareholders and a testament to the company’s reduced-cost structures.
The “don’t call it a recession” company found strong growth in the United States, with sales increasing 43% domestically, while sales abroad were up 35%. Polaris’s on-road sales, which is comprised mostly of Victory motorcycles, was up 99% in sales revenue ($30.9 million) and 40% by unit sales (US), which marks that brand’s continued upward sales trend. International on-road sales were up 34%, though Polaris is not providing concrete unit sales numbers to any of these percentage growths, which makes it a bit frustrating to get an accurate picture of how the company, and its Victory line of motorcycles, are doing compared to the rest of the industry.
Source: Polaris
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