Updated:

Mar 8, 2018

Original:

Oct 18, 2012

Polaris profits surge 40 percent in 3Q

Boosted by double-digit sales growth across all of its product lines, Polaris Industries Inc. posted a net income of $94.3 million, a 40 percent jump from $67.6 million in the third quarter a year-ago, the Associated Press reports. The Medina-based all-terrain vehicles maker also lifted its full-year outlook for the third time.

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Boosted by double-digit sales growth across all of its product lines, Polaris Industries Inc. posted a record net income of $94.3 million, a 40 percent jump from $67.6 million in the third quarter a year-ago, the Associated Press reports. The Medina-based all-terrain vehicles maker also lifted its full-year outlook for the third time.

Sales for the third quarter also totaled a record $879.9 million, an increase of 21 percent over last year's $729.9 million.

Click here, for more on the third quarter results.

Click here, to follow the stock performance of Polaris Industries.

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ATVs, motorcycles and snowmobiles were selling briskly for Polaris Industries Inc., leading a strong third quarter, company officials said Thursday, the Star Tribune reports. Demand was high for Polaris' all-terrain vehicles and Victory motorcycles in North America, and early demand for snowmobile sales surged where there's always plenty of snow – in Russia and Scandinavia.

Land O'Lakes Inc. posted net income of $18 million in the third-quarter, compared to a $30 million loss a year earlier, the Star Tribune reports. The Arden Hills-based co-op also reported a seven percent increase in sales.

Medina-based Polaris Industries Inc. reported a record second quarter net income of $69.8 million or $0.98 per share, Wall Street Journal reports. The better-than-expected results were driven by double-digit sales growth in all types of vehicles, led by its on-road motorcycles.

Reduced operating expenses over the summer months helped boost Xcel Energy Inc.'s third-quarter earnings, Dow Jones News reports. The Minneapolis-based utility earned $398 million, up nearly 18 percent from $338.3 million a year earlier.

U.S. Bancorp, parent company of U.S. Bank, posted a record net income of $1.47 billion, a 16 percent jump from $1.27 billion a year-earlier, Bloomberg reports. “Earnings included continued strong mortgage-banking activity, which contributed to our growth in fee income, residential real estate loans and loans held for sale,” said CEO Richard Davis.

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