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Polaris Reports Q1 2013 Results

Polaris Industries reported a 26% increase in net income over the first quarter of 2013, but a 2.9% decline in on-road vehicle sales (comprised almost entirely of Victory and Indian Motorcycles). The company’s first quarter filings report a net income of $75.5 million, up from the $60.1 million reported over the same period in 2012. Much of the increase can be attributed to a 217% increase in net sales from its snowmobile division, spurred in large part by increase in snowfall across many regions of North America.

Polaris Reports Q4 2011 Results

Polaris Industries reported a record net profit of $227.6 million for 2011. Polaris’ on-road arm, which consists primarily of Victory Motorcycles saw a 79% year-on-year increase in sales. Sales from on-road vehicles, including Victory and Indian motorcycles as well as small electric vehicles from the newly-acquired GEM and Goupil brands, totaled $146.3 million in 2011, compared to just $81.6 million in 2010.

Pre-Polaris Indians Recalled for Cracking Rear Rims

Transport Canada has announced a recall on various Indian motorcycles from model years 2009 to 2013 because of a risk of the rims cracking. All of the recalled motorcycles were from the old Indian designs before the storied brand was acquired by Polaris Industries. But as the new owners of Indian Motorcycles, Polaris is left with the responsibility of correcting defects from previous designs.