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.

Author:: BMTN Staff
Updated:: Mar 8, 2018
Original:: Oct 18, 2012

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.

PD Shimmers closeup

"The best medicine I have for my disease is what I try to do with the light show," Mike Justak said.

police tape, crime scene

A man in his 20s was fatally shot.

Screen Shot 2020-11-25 at 7.34.43 AM

The squirrel was immediately cut off after nearly tipping over.

Screen Shot 2020-11-25 at 7.15.09 PM

The gym is facing a lawsuit and a temporary restraining order to halt their operations.

credit card, payment

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

flickr-mall-of-america-mitchell-hirsch-march-2019

Many major retailers will be open Black Friday, some for extended hours.

Vaughn Coklas

Staveonte El Brown died in the shooting.

police tape, crime scene

The man was reportedly shot outside the property.

Minnesota_Welcome_Sign_-_Minnesota_Welcomes_You_-_Taylors_Falls_(28269804891)

The money will be used for marketing efforts to attract people to Minnesota's hard-hit tourist spots.

coronavirus, ICU

A COVID-19 update will not be provided on Thanksgiving Day.

Texa-Tonka

MN Food & Drink

The fried chicken and smoked meat maestros are moving to St. Louis Park.

Duluth and Case Recreation Center

Mayor Melvin Carter announced the new shelters will be opened in the event of excess demand.

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.

DONTCHA KNOW?

You Can Get BMTN Special Offers!

Get Our Newsletter