Polaris Industries (PII) Tops Q2 EPS by 8c; Raises Outlook
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Polaris Reports 2017 Second Quarter Results
July 20, 2017 6:00 AM EDTSales for the second quarter of 2017 increased 21% to $1,364.9 million; adjusted sales increased 20% to $1,358.8 million.
Second quarter 2017 reported net income was $0.97 per diluted share; adjusted net income for the same period was $1.16 per diluted share, slightly ahead of expectations
Polaris North American ORV unit retail sales were down low-single digits percent, a sequential improvement from the first quarter, with increasing side-by-side retail sales somewhat offsetting lower ATV retail sales. Indian Motorcycle® continued to deliver strong retail sales increasing 17% for the quarter.
Total dealer inventory was down 6% year-over-year; ORV dealer inventory was down 6%... More
