Polaris Industries Inc. (NYSE: PII)
Polaris Defense, a division of PII (?Polaris Industries?), recently showcased two advanced vehicle technologies, designed to address the U.S. military?s need for increased vehicle survivability, at the AUSA 2012 Annual Meeting & Exposition. A lightweight, advanced armor solution and non-pneumatic tires (NPT) were on display in Polaris Defense booth #3913 at the Washington Convention Center, Washington, D.C.
PII (?Polaris Industries?) previously reported record third quarter net income of $1.33 per diluted share for the quarter ended September 30, 2012, up 40 percent from the prior year?s third quarter net income of $0.95 per diluted share. PII (?Polaris Industries?) reported net income was $94.3 million for the 2012 third quarter, up 39 percent from the previous third quarter net income of $67.6 million. PII (?Polaris Industries?) sales for the third quarter 2012 totaled a record $879.9 million, an increase of 21 percent over last year?s third quarter sales of $729.9 million.
Polaris Industries Inc. (NYSE: PII) is a recognized leader in the powersports industry with annual 2011 sales of $2.7 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid powered vehicle industry with Global Electric Motorcars (GEM) and Goupil Industrie SA, and internally developed vehicles. Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships. For more information about Polaris Industries Inc. please visit www.polarisindustries.com.
In my opinion this is a stock to watch!
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