Wedbush Remains Neutral Following Polaris Industries' (PII) 4Q and 2016 Guidance
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Polaris Reports 2015 Fourth Quarter and Full Year Results
January 26, 2016 6:00 AM ESTFull year 2015 net income was $455.4 million, or $6.75 per diluted share, in-line with Company revised expectations
Sales for full year 2015 increased 5% year-over-year to $4,719.3 million. Excluding currency impacts, sales increased 9%
Fourth quarter 2015 net income was $110.7 million, down 18% on 13% lower sales primarily due to weak retail sales in the North American oil and gas regions
All businesses increased market share in North America for 2015 despite a weak powersports industry
North American dealer inventory finished 2015 up 5%, in-line with Company guidance; ORV dealer inventory was down 4% year over year, lower than implied guidance
Polaris announced 2016... More
