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Polaris Industries Incmn (PII) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Polaris Industries Incmn

CIK: 931015 Ticker: PII

Exhibit 99.1

CONTACT:
Polaris Industries Inc.
Richard Edwards, 763-542-0500

Polaris Reports Record 2011 Fourth Quarter and Full Year Results

Fourth Quarter and Full Year Highlights:

  • Fourth quarter 2011 earnings per diluted share increased 15% to a record $0.90 with sales increasing 26% from the year earlier period to a record $782.0 million.
  • All product lines experienced increased sales and market share for the full year 2011.
  • International sales increased 43% in the fourth quarter 2011 and 39% for full year 2011 despite a volatile European economic environment.
  • Full year 2011 earnings per diluted share increased 50% to a record $3.20 with record sales of $2,656.9 million, an increase of 33% from the 2010 full year.
  • Full year 2011 gross profit margins improved 130 basis points over 2010.

MINNEAPOLIS--(BUSINESS WIRE)--January 25, 2012--Polaris Industries Inc. (NYSE:PII) today reported record net income of $0.90 per diluted share for the fourth quarter of 2011, up 15 percent over the 2010 fourth quarter. Net income for the fourth quarter 2011 was a record $63.9 million, an increase of 17 percent over the same period in 2010. Record sales of $782.0 million for the fourth quarter 2011 increased 26 percent over 2010 fourth quarter sales of $618.4 million.

Full Year Results

For the full year ended December 31, 2011, Polaris reported record net income of $227.6 million, or a record $3.20 per diluted share, compared to $147.1 million, or $2.14 per diluted share for the year ended December 31, 2010. This represents a 50 percent increase on a diluted share basis and a 55 percent increase in net income. Sales for the full year 2011 totaled a record $2,656.9 million, an increase of 33 percent compared to sales of $1,991.1 million for the full year 2010.


The following information was filed by Polaris Industries Incmn (PII) on Wednesday, January 25, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Polaris Industries Incmn's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity And Comprehensive Income
Consolidated Statements Of Shareholders' Equity And Comprehensive Income (parenthetical)
Activity In Polaris Accrued Warranty Reserve (detail)
Activity Under Polaris Credit Arrangements (detail)
Assets And Liabilities Measured At Fair Value On A Recurring Basis (detail)
Assumptions Used To Estimate Weighted Average Fair Value Of Options (detail)
Carrying Values Of Derivative Instruments (detail)
Changes In Accumulated Other Comprehensive Income (loss) Balances (detail)
Changes In Net Carrying Amount Of Goodwill (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Components Of Other Amortizable Intangible Assets (detail)
Components Of Provision For Income Taxes (detail)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (tables)
Derivative Instruments And Hedging Activities - Additional Information (detail)
Financial Information For Polaris Acceptance Reflecting Effects Of Securitization Facility (detail)
Financial Services Arrangements
Financial Services Arrangements (tables)
Financial Services Arrangements - Additional Information (detail)
Financing
Financing (tables)
Financing - Additional Information (detail)
Future Minimum Annual Lease Payments Under Capital And Operating Leases With Non-cancelable Terms In Excess Of One Year (detail)
Gains And Losses, Net Of Tax, Reclassified From Accumulated Other Comprehensive Income Into Income On Derivative Instruments Designated As Hedging Instruments (detail)
Gains And Losses, Net Of Tax, Related To Derivative Instruments Designated As Cash Flow Hedges Included In The Accumulated Other Comprehensive Income, Net (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Income Before Income Taxes (detail)
Income From Financial Services (detail)
Income Tax - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Investment In Other Affiliates
Investment In Other Affiliates - Additional Information (detail)
Major Components Of Inventories (detail)
Manufacturing Realignment
Manufacturing Realignment (tables)
Manufacturing Realignment - Additional Information (detail)
Net Deferred Income Taxes (detail)
Organization And Significant Accounting Policies
Organization And Significant Accounting Policies (policies)
Organization And Significant Accounting Policies (tables)
Organization And Significant Accounting Policies - Additional Information (detail)
Other Intangible Assets, Changes In Net Carrying Amount (detail)
Polaris' Foreign Operations (detail)
Quarterly Financial Data (detail)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (tables)
Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits (detail)
Reconciliation Of Federal Statutory Income Tax Rate To Effective Tax Rate (detail)
Reconciliation Of Weighted Average Number Shares (detail)
Restricted Stock Activity (detail)
Schedule Of Valuation And Qualifying Accounts (detail)
Segment Reporting
Segment Reporting (tables)
Share-based Compensation Expenses (detail)
Share-based Employee Compensation
Share-based Employee Compensation (tables)
Share-based Employee Compensation - Additional Information (detail)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Additional Information (detail)
Stock Option Activity And Weighted Average Exercise Price (detail)
Stock Options Outstanding (detail)
Subsequent Events
Summary Of Exit Costs (detail)
Utilization Of Components Of Accrued Exit Costs (detail)
Valuation And Qualifying Accounts
Ticker: PII
CIK: 931015
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-081910
Submitted to the SEC: Mon Feb 27 2012 5:03:52 PM EST
Accepted by the SEC: Mon Feb 27 2012
Period: Saturday, December 31, 2011
Industry: Miscellaneous Transportation Equipment

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