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Polaris Reports Q1 2013 Results

Polaris Industries reported a 26% increase in net income over the first quarter of 2013, but a 2.9% decline in on-road vehicle sales (comprised almost entirely of Victory and Indian Motorcycles). The company’s first quarter filings report a net income of $75.5 million, up from the $60.1 million reported over the same period in 2012. Much of the increase can be attributed to a 217% increase in net sales from its snowmobile division, spurred in large part by increase in snowfall across many regions of North America.

Jeff Clark Fastest Electric Motorcycle Up Pikes Peak This Year

Jeff Clark has now become the now two-time champion at the Pikes Peak International Hill Climb, after a successful sub 12-minute run up the mountain on Sunday, June 29. Aboard the same Zero FX he rode to victory last year, Clark barely broke the 12-minute barrier by clocking a 11:59 time. Outwardly, Clark’s 777 Zero FX may look similar to the one he rode last year.

Polaris Reports Q2 2013 Results

Polaris Industries reports a 11.8% increase in net sales and a 14.6% increase in profit over the quarter ended June 30, 2013. The company earned a record $80 million in profit in the quarter, compared to $69.8 million in the same quarter last year. Most of the gains however were from Polaris’ off-road vehicles, its GEM, Goupil and Aixam small vehicles and sales of parts, garments and accessories including Klim apparel.