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Polaris Industries Q1 profit climbs 10.6% YOY

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Polaris Industries Q1 profit climbs 10.6% YOY

6331267 said its first-quarter normalized net income amounted to $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.28 per share.

EPS increased 10.3% year over year from $1.15.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $86.4 million, a gain of 10.6% from $78.2 million in the prior-year period.

The normalized profit margin dropped to 8.2% from 8.7% in the year-earlier period.

otal revenue climbed 16.6% on an annual basis to $1.05 billion from $899.0 million, and total operating expenses increased 16.2% from th Polaris Industries Inc.