Polaris Industries Inc.NYSE
Wed, Oct. 12, 7:37 AM
- Polaris Industries (NYSE:PII) agrees to acquire off-road Jeep and truck accessories maker Transamerican Auto Parts for ~$665M.
- PII says Transamerican’s products and services in the off-road four-wheel-drive market fit with its off-road vehicle business.
- Privately-held Transamerican generated ~$740M in sales for the 12 months ended Sept. 30, and achieved 15% compound annual sales growth and 17% compound annual EBITDA growth during 2012-15.
Tue, Sep. 27, 11:23 AM
- Thor Industries (THO +3.2%) tracks higher after the company blasts past estimates with its FQ4 report.
- A positive spin on industry demand has shares of other recreational vehicle makers on the move, including Arctic Cat (ACAT +1.9%), Drew Industries(DW +1%), and Polaris Industries (PII +1.4%). Supplier Patrick Industries (PATK +5%) is also higher.
- "During the fourth quarter, we saw continued year-over-year industry growth in most product categories and were able to capitalize on opportunities to expand our production capacity and output to meet the growing demand for affordably priced travel trailers and motorhomes," noted CEO Bob Martin.
- Previously: Thor beats by $0.24, beats on revenue (Sept. 26)
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
- Polaris (NYSE:PII) declares $0.55/share quarterly dividend, in line with previous.
- Forward yield 2.23%
- Payable June 15; for shareholders of record June 1; ex-div May 27.
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
- Polaris (NYSE:PII): Q1 EPS of $0.71 in-line.
- Revenue of $983M (-4.6% Y/Y) beats by $14.42M.
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