Polaris reports record sales and earnings.(Polaris Industries Inc.)

Powersports Business, July, 2004

Polaris Industries Inc. (NYSE:PII)(PSE:PII), Medina, Minn., continued the celebration of its 50th Anniversary year by posting record sales and earnings for the second quarter ended June 30, 2004.

Polaris reported record net income of 54 cents per diluted share for the second quarter, a 15% increase over the prior year second quarter net income of 47 cents per diluted share. Higher sales volume primarily from snowmobiles, ATVs, PG & A and International operations along with expanded gross margins and higher income from financial services contributed to the second quarter earnings increase.

Reported net income for the second quarter 2004 was a record $24.4 million, a 16% increase over the prior year second quarter net income of $21.0 million. Sales for...