For the 2012 year ending December 31, 2012, Polaris Industries, Inc., (NYSE: PII) reported record net income of $4.40 per diluted share, a 38% increase compared to $3.20 per diluted share. For the fourth quarter of 2012 Polaris reported a net income of $1.24 per diluted share, up 38 percent from the prior year’s fourth quarter net income of $0.90 per diluted share.
Reported net income for the full year was $312.3 million, up 37 percent from the previous year’s net income of $227.6 million. Sales for the full year totaled $3,209.8 million, an increase of 21 percent compared to sales of $2,656.9 million for the full year 2011. For the quarter Polaris reported a net income of $88.1 million, up 38 percent from the previous fourth quarter’s net income of $63.9 million. Sales for the fourth quarter 2012 totaled a record $900.6 million, an increase of 15 percent over last year’s fourth quarter sales of $782.0 million. Continue Reading »