Mon, Sep. 12, 12:00 PM
Mon, Sep. 12, 9:48 AM
- Polaris Industries (PII -7.8%) says it expects full-year EPS to fall in a range of $3.30 to $3.80.
- The company anticipates sales for the full-year to be down in the mid to high-single digit percent range compared to previously issued guidance of flat to down two percent.
- The drop in guidance is related to additional RZR thermal-related issues and the impact of the voluntary stop ride/stop sale notification issued on July 25.
- “We have engaged outside engineering experts to help accelerate the remediation process, we are sending additional repair technicians into the field to assist our dealers, and we have created a new independent safety and quality function reporting directly to me," says CEO Scott Wine.
- Source: Press Release
Mon, Sep. 12, 9:15 AM
Wed, Jul. 20, 5:06 PM
Wed, Jul. 20, 12:00 PM
Wed, Jul. 20, 6:36 AM
- Polaris (NYSE:PII) reports North American Off-Road Vehicles unit retail sales were down low double-digits percent in Q2.
- Sales break-up: Off-Road Vehicles/Snowmobiles: $808.49M (-6%); Motorcycles: $231.32M (+23%); Global adjacent markets: $90.96M (+14%).
- Income from financial services +16% to $20.5M.
- Gross margin rate decreased 325 bps to 25.2% due to negative currency movements along with increased warranty and promotional costs and negative product mix.
- Operating margin rate fell 669 bps to 7.8%.
- FY2016 Guidance: Sales: -2% to flat; Off-Road Vehicles/Snowmobiles sales: down mid-single digits percent; Motorcycle sales: up double-digits percent; Global Adjacent Market sales: up mid-teens percent; Diluted EPS: $6 to $6.30.
Wed, Jul. 20, 6:01 AM
Tue, Jul. 19, 5:30 PM
Fri, Jul. 8, 12:40 PM
- Channel checks by investment firms on Harley-Davidson's (HOG +2.2%) Q2 are sputtering in. The soft read for the quarter has increased concerns on the motorcycle seller's ability to hit its longer-term targets. The resurgence of the Indian brand (NYSE:PII) is on the mind of analysts.
- Raymond James: "With product availability now substantially improved, we expect Indian will remain the biggest headwind to Harley’s market share, compounded by a growing dealer network and model count (Indian currently sells only 9 models in limited segments, vs 40+ at Harley)."
- Wedbush: "Even beyond 2Q, Harley-Davidson faces operational risk in the form of the July K.C. plant IT conversion to SAP and competitive risk in the form of new bikes from Indian and used Harley-Davidson bikes."
- Harley-Davidson's Q2 report is due out on July 28.
Thu, Apr. 28, 5:19 PM
Thu, Apr. 21, 6:24 AM
- Polaris (NYSE:PII) reports North American retail sales rose 6% in Q1 with Indian motorcycles up over 50%.
- Sales break-up: Off-Road Vehicles/Snowmobiles: $720.64M (-9%); Motorcycles: $188.25M (+18%); Global adjacent markets: $74.11M (-5%).
- Income from financial services +33% to $19.5M.
- Gross profit rate squeezedl 324 bps to 25.2%.
- Operating margin rate fell 669 bps to 7.8%.
- FY2016 Guidance: Sales: -2% to +3%; Diluted EPS: $6.20 to $6.80.
Thu, Apr. 21, 6:02 AM
Wed, Apr. 20, 5:30 PM
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Wed, Apr. 6, 9:56 AM
- Harley-Davidson (HOG -8.2%) is down sharply in early trading after channel checks from Longbow indicate that the company is losing market share to Polaris (PII -2.7%) via the Indian brand in the cruiser and sportster segments. The news wasn't all good for Polaris with snowmobile demand seen as weak.
- Shares of Arctic Cat (ACAT -1.5%) are also lower off the sector breakdown by Longbow.
- Now read Harley-Davidson Could Be A Great Long-Term Hold
Thu, Jan. 28, 5:05 PM
- Polaris (NYSE:PII) declares $0.55/share quarterly dividend, 4% increase from prior dividend of $0.53.
- Forward yield 3.16%
- Payable March 15; for shareholders of record March 1; ex-div Feb. 26.
- Additionally, Board has approved an increase in the common stock repurchase authorization by 7.5M shares.
Tue, Jan. 26, 10:08 AM
- Polaris Industries (PII -4.6%) is sharply lower after setting FY16 EPS guidance below the consensus mark of analysts.
- The company warned that a weak oil market and unseasonably warm warmer for the first part of winter cut into demand for off-road vehicles and snowmobiles.
- Sector peers Arctic Cat (ACAT -2%) and Harley-Davidson (HOG -1.6%) are also lower on the day.
- Previously: Polaris beats by $0.02, beats on revenue (Jan. 26 2016)
- Previously: More on Polaris' Q4 (Jan. 26 2016)