Polaris Industries, manufacturers of Victory brand cruiser-style motorcycles, released its Q3 report, revealing overall positive returns. The company, better known as a maker of snowmobiles and ATV's, reported 116% increase in revenues for the quarter, year on year over 2009, and overall 81% improvement for the whole year ending september 30. The company also reports that unit sales increased over 50% year on year in this quarter, with particular popular emphasis on the Cross Country and Cross Roads touring models. Outside of North America, Polaris says export sales are up over 100%, although it is understood that these totals are small.
Overall, Polaris Industries is reporting strong growth, with sales up 33% to $580m, and net income increasing 51% to $47.2m. The report cites consolidation, favourable currency rates resulting in lower product cost and increased margins for the strong performance.
courtesy of Polaris Industries press release