Polaris Reports Record Second Quarter 2008 Results; Sales Grew by 21%; EPS Increased 16%; Company...

Tuesday July 15, 6:00 am ET Side-by-Side Vehicles, International and PG&A results were strong during the quarterSecond Quarter Highlights:-- Second quarter results exceeded Company's expectations despite continued economic headwinds-- Second quarter sales reached a record high of $455.7 million driven by strong ATV sales growth of 24%, primarily attributable to growth in the RANGER(TM) side-by-side vehicles and international sales, and PG&A sales growth of 24%-- Second quarter earnings from continuing operations per diluted share increased 16% to $0.72 from $0.62 per diluted share for the same period last year-- Gross margin percentage for the second quarter 2008 improved 70 basis points to 23.7% due primarily to positive product mix changes -- Increased guidance for full year 2008 earnings from continuing operations to a... [read full story]