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Polaris releases Q2 financial results

Snow Goer staff

On Thursday Polaris announced its Fiscal Year 2017 earnings.

According to a press release, second quarter 2017 sales totaled $1.36 billion, up 21 percent from the $1.13 billion reported over the same time last year. The increase represents a net income of $62.0 million

Adjusted sales, which exclude the impact from Victory Motorcycles net sales, were $1.35 billion compared to $1.13 billion in the prior year.

Snowmobile sales over the period decreased 22 percent, to $6.7 million. The report said sales in the second quarter are routinely low due to the off-season for snowmobile retail sales and shipments.

“Performance improved in many parts of our business during the quarter … I am proud of the hard work and progress our Polaris team made in the first half of 2017, and our commitment to regaining our winning momentum is deep and strong,” said Scott Wine, Polaris Chairman and CEO.

“We still have a lot of work to do, but we are seeing results from the strong and sustainable improvements we are making … From significant new innovations in performance, reliability and rider safety, to upgrading our plants and supply chain, we have made substantial investments both in enhancing our safety and quality practices, and in research and development.”

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