Polaris reports Q3 2006 results

12 Oct '06

3 min read

We will give further guidance regarding our 2007 outlook during our fourth quarter earnings call in January," concluded Tiller.

Nine Month Results from Continuing Operations
For the nine months ended September 30, 2006, Polaris reported net income from continuing operations of $76.7 million or $1.81 per diluted share compared to net income from continuing operations of $95.6 million or $2.16 per diluted share for the nine months ended September 30, 2005 as adjusted for the impact of SFAS 123.

Sales from continuing operations for the nine-month period ended September 30, 2006 totaled $1,207.9 million, down ten percent compared to sales from continuing operations of $1,343.7 million for the nine-month period in 2005.

Parts, Garments, and Accessories ("PG&A") sales decreased four percent for the third quarter and two percent for the year-to-date periods ended September 30, 2006 respectively, compared to the same periods in 2005.

Gross profit, as a percentage of sales, was 20.9 percent for the third quarter 2006, a decrease from 23.0 percent in the comparable quarter of 2005.

For the first nine months of 2006, gross profit, as a percentage of sales, was 21.0 percent compared to 22.5 percent for the comparable nine-month period in 2005.

Polaris Industries Inc

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