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RVIA Reports Wholesale Shipments for November Down 72% from 2007

Made in the USA
Made in the USA

Recreational Vehicle Industry Association

 

 

York and Company
 

 

 

 

 

Polaris Industries (NYSE: PII) Snapshot

 

Company Profile

Polaris is a manufacturer of snowmobiles, all-terrain vehicles (ATVs), Victory motorcycles and the Polaris RANGER for recreational and utility use.

While not engaged in motorhome or travel trailer manufacturing, Polaris supplies many of the "toys" that RV users enjoy and is a bellwether for the RV industry.

 

Consolidated Charting

 

Consolidated Statements
  Quarter Ending    
PII Income Statement Q1-05 Q2-05 Q3-05 Q4-05 Q1-06 Q2-06 Q3-06 Q4-06 Q1-07 Q2-07 Q3-07 Q4-07 Q1-08    
  Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08   ttm
Revenue  ssss
 358,312
 442,296  543,124  564,727    333,509  384,335  490,090    448,584  317,713  376,902  543,979  541,415  388,684    1,850,980
Cost of Goods Sold ssss
 273,825
 345,920  416,343  415,839    266,117  300,906  387,439    342,697  252,778  290,321  421,432  422,458  300,589    1,434,800
Gross Margin    84,487    96,376  126,781  148,888     67,392    83,429  102,651    105,887    64,935    86,581  122,547  118,957    88,095       416,180
As a % of Sales 23.6% 21.8% 23.3% 26.4% 20.2% 21.7% 20.9% 23.6% 20.4% 23.0% 22.5% 22.0% 22.7%   22.5%
                               
Operating Expenses                              
R&D ssss
   16,223
   17,556    17,706    16,661     16,497    20,710    16,343     20,339    18,551    17,707    18,500    18,829    19,257         74,293
SG&A ssss
   47,525
   39,793    18,564    67,718     44,144    36,844    38,746     78,308    42,966    46,064    52,655    46,997    45,093       190,809
Non Recurring             -   (16,748)    16,748            -             -            -            -                            -
Depreciation ss                   (26,527)    26,527   (45,285)  -          (45,285)
Others             -            -            -            -             -            -            -        12,626   (35,635)    35,635  -            12,626
Operating Expenses     63,748    40,601    53,018    84,379     60,641    57,554    55,089     98,647    61,517    49,870    62,047    56,176    64,350       232,443
As a % of Sales 17.8% 9.2% 9.8% 14.9% 18.2% 15.0% 11.2% 22.0% 19.4% 13.2% 11.4% 10.4% 16.6%   12.6%
Income from Financial Services            -            -            -            -       9,326    11,546    12,696             -    12,626                        -
Operating Income    20,739    55,775    73,763    64,509     16,077    37,421    60,258       7,240    16,044    36,711    60,500    62,781    23,745       183,737
As a % of Sales 5.8% 12.6% 13.6% 11.4% 4.8% 9.7% 12.3% 1.6% 5.0% 9.7% 11.1% 11.6% 6.1%   9.9%