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Polaris Industries Q2 profit climbs YOY


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Polaris Industries Q2 profit climbs YOY

Polaris Industries Inc. said its second-quarter normalized net income amounted to $1.44 per share, compared with the S&P Capital IQ consensus estimate of $1.58 per share.

EPS rose year over year from $1.41.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $97.9 million, an increase from $95.8 million in the prior-year period.

The normalized profit margin declined to 8.6% from 9.3% in the year-earlier period.

Total revenue rose 11.0% year over year to $1.14 billion from $1.03 billion, and total operating expenses grew 12.0% from the prior-year period to $977.9 million from $873.1 million.

Reported net income grew on an annual basis to $101.1 million, or $1.49 per share, from $96.7 million, or $1.42 per share.