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Polaris Industries Incmn (PII) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Polaris Industries Incmn

CIK: 931015 Ticker: PII

Exhibit 99.1


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


Polaris Reports Record 2014 Fourth Quarter and Full Year Results

Fourth Quarter EPS Increased 27% on Sales Growth of 18%;

Full Year 2014 EPS from continuing operations Increased 23% on Sales Growth of 19%

Fourth Quarter Highlights:

Net income increased 25% to $135.4 million, or $1.98 per diluted share, with sales increasing 18% to $1,275.0 million, both fourth quarter records.

Off-Road Vehicle sales increased 19%, Motorcycle sales increased 50% and PG&A sales increased 21% in the 2014 fourth quarter.

North American retail sales remained strong, increasing 13% in the fourth quarter compared to last year.

MINNEAPOLIS--(BUSINESS WIRE)--January 27, 2015--Polaris Industries Inc. (NYSE:PII) reported record fourth quarter net income of $1.98 per diluted share for the quarter ended December 31, 2014, an increase of 27 percent compared to the prior year’s fourth quarter net income of $1.56 per diluted share. Net income was $135.4 million for the fourth quarter of 2014, up 25 percent from the previous fourth quarter’s net income of $108.7 million. Sales for the fourth quarter of 2014 totaled a record $1,275.0 million, an increase of 18 percent over last year’s fourth quarter sales of $1,083.7 million.

For the full year ended December 31, 2014, Polaris reported record net income from continuing operations of $6.65 per diluted share, a 23 percent increase compared to net income from continuing operations of $5.40 per diluted share for the year ended December 31, 2013. Net income from continuing operations was $454.0 million for the full year 2014, up 19 percent from the previous year’s net income from continuing operations of $381.1 million. Sales for the full year 2014 totaled a record $4,479.6 million, an increase of 19 percent compared to sales of $3,777.1 million for the full year 2013.

“2014 marks our fifth consecutive year of double digit sales and earnings growth, an accomplishment which testifies to the innovative spirit and dedication of the 8,000 member global Polaris team. It is inspiring to see how they overcame obstacles ranging from negative foreign exchange impacts and a weakening European economy, to highly volatile oil and crop prices, to record a 19 percent increase in both sales and net income for the full year 2014. During the year, we added over thirty new vehicles to the Polaris armada, expanding and strengthening our portfolio with our largest ever new product introduction, while our strategic acquisitions and significant investments in our global manufacturing infrastructure allow us to both create and meet the increasing demand for our products,” explained Scott Wine, Polaris’ Chairman and Chief Executive Officer.

“While we expect to face similar headwinds in 2015, namely ongoing currency volatility and a struggling European economy, I am confident that with the best team in powersports and numerous catalysts for growth and margin expansion, we are well positioned to surmount any challenges. Our ability to develop, produce, and market visionary products, and to invest strategically and aggressively, will continue driving Polaris to industry-leading growth and profitability in 2015 and beyond.”


The following information was filed by Polaris Industries Incmn (PII) on Tuesday, January 27, 2015 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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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 Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Assumptions Used To Estimate Weighted Average Fair Value Of Options (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Components Of Other 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 (details)
Derivative Instruments And Hedging Activities Carrying Values Of Derivative Instruments (detail)
Derivative Instruments And Hedging Activities Gains And Losses, Net Of Tax, Related To Derivative Instruments Designated As Cash Flow Hedges Included In Accumulated Other Comprehensive Income, Net (detail)
Derivative Instruments And Hedging Activities Open Foreign Currency Contracts (details)
Employee Savings Plans
Employee Savings Plans - Additional Information (detail)
Fair Value Measurements (details)
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 (tables)
Financing - Additional Information (detail)
Financing Agreement
Financing Agreement Debt Instruments (details)
Future Minimum Annual Lease Payments Under Capital And Operating Leases With Non-cancelable Terms In Excess Of One Year (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets Additional Information (detail)
Goodwill And Other Intangible Assets Changes In Carrying Amount Of Goodwill (detail)
Goodwill And Other Intangible Assets Other Intangible Assets, Changes In Net Carrying Amount (detail)
Income Before Income Taxes (detail)
Income From Financial Services (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Investment In Other Affiliates
Investment In Other Affiliates (detail)
Major Components Of Inventories (details)
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 Activity In Polaris Accrued Warranty Reserve (detail)
Organization And Significant Accounting Policies Additional Information (detail)
Polaris' Foreign Operations (detail)
Quarterly Financial Data
Quarterly Financial Data (detail)
Quarterly Financial Data (tables)
Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits (detail)
Reconciliation Of Federal Statutory Income Tax Rate To Effective Tax Rate (detail)
Segment Reporting
Segment Reporting (tables)
Share-based Compensation
Share-based Compensation (tables)
Share-based Compensation - Additional Information (detail)
Share-based Compensation Expenses (detail)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity Additional Information (detail)
Shareholders' Equity Cash Dividends Declared Per Common Share (details)
Shareholders' Equity Changes In Accumulated Other Comprehensive Income (loss) Balances (detail)
Shareholders' Equity Gains And Losses, Net Of Tax Reclassified From Accumulated Other Comprehensive Income (details)
Shareholders' Equity Reconciliation Of Weighted Average Number Of Shares (detail)
Stock Option Activity And Weighted Average Exercise Price (detail)
Subsequent Events (details)
Subsequent Events (notes)
Summary Of Activity Under Credit Arrangements, Excluding Acquired Borrowings (detail)
Summary Of Restricted Stock Activity (detail)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (detail)
Ticker: PII
CIK: 931015
Form Type: 10-K Annual Report
Accession Number: 0001628280-15-000875
Submitted to the SEC: Fri Feb 20 2015 10:51:36 AM EST
Accepted by the SEC: Fri Feb 20 2015
Period: Wednesday, December 31, 2014
Industry: Miscellaneous Transportation Equipment

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