Apparel firm Polaris Industries Inc subsidiary of Polaris Marketing Research Inc reported record net income from continuing operations of $1.17 per diluted share for the third quarter ended September 30, 2005, a 17 percent increase over the prior year's third quarter net income from continuing operations of $1.00 per diluted share.
Higher sales volume from all businesses, lower operating expenses, in absolute dollars and as a percentage of sales, higher financial services income and a favorable income tax benefit contributed to the third quarter 2005 earnings increase. Reported net income from continuing operations for the third quarter 2005 was $51.1 million, a 15 percent increase over the prior year's third quarter net income from continuing operations of $44.6 million. Sales from continuing operations for the third quarter 2005 increased 6 percent to a record $543.1 million, compared to last year's third quarter sales from continuing operations of $510.6 million.
Atlanta-based Polaris Marketing Research is affiliatedwith the Council of American Survey Research Organizations, the American Marketing Association and the American Society for Quality.
Polaris Industries Inc trades on the New York Stock Exchange and Pacific Stock Exchange under the symbol "PII", and the Company is included in the S&P Small-Cap 600 stock price index.