Polaris Industries (PII) Tops Q4 EPS by 1c; Lowers Outlook
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Polaris Reports 2016 Fourth Quarter and Full Year Results
January 24, 2017 6:00 AM ESTSales for the fourth quarter of 2016 increased 10% to $1,217.8 million including Transamerican Auto Parts (TAP) sales of $108.7 million
Fourth quarter 2016 reported net income was $0.97 per diluted share; adjusted net income for the same period was $1.18 per diluted share, in-line with expectations
ORV dealer inventory was down 11%, year-over-year; total dealer inventory was down 8%
Full year 2016 reported net income was $3.27 per diluted share; adjusted net income for the same period was $3.48 per diluted share, in-line with previously issued guidance. Sales for the full year of 2016 decreased 4% to $4,516.6 million
Polaris announced guidance for the full... More
