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The MIC reports that sales of new motorcycles and scooters were down in Q3 by -3.9 % ( compared to the year-ago period ) but remain up vs . the 2019 benchmark . Dual-sport ( ADV ) models are the primary exception , up by + 11 % in Q3 , 2022 ... 10
Available through HardDrive , Heli Modified ( of patented , adjustable HeliBars fame ) has announced ' Tour Performance ' branded risers for the Pan America . They move the bars 2 " higher and 2 " closer ... 54
LeMans Corp . has announced that Parts Unlimited and Drag Specialties will exhibit at AIMExpo , Las Vegas , February 15-17 ... 14
Jeff Zielinski ' s Letric Lighting Co . has introduced new ' European Rally ' style plug-n-play ' Sunbeams ' dual headlight lighting kits for 2015 and up Road Glides ... 40
AMA Racing has released a provisional 18-race AFT schedule for 2023 , with a return to The Buffalo Chip and an earlier Labor Day Weekend finale ... 24
Available to care for lead-acid , Gel , AGM and Li-ion batteries , European distributor Motorcycle Storehouse has added the award-winning range of OptiMate battery chargers , maintenance and diagnostics tools ... 44
Custom Chrome Europe has added the award-winning Kellermann Jetstream 3-1 sequential rear brake combo lights - describing them as " simply the best " ... 56
SHOWZONE Industry events listing ... 18 , 20 and 22
Polaris Q3 2022 Earnings Results - Indian Motorcycle " Up High- Single Digits Percent "
In releasing financial and operational highlights from its Q3 results , Polaris has stated that worldwide sales were $ 2,341m , up by + 32 % compared to Q3 , 2021 . Diluted earnings per share from continuing operations were reported as $ 3.17 , up + 69 % versus last year ; adjusted diluted earnings per share from continuing operations was $ 3.25 , up + 64 % versus last year . Primary drivers in the quarter were " higher volumes , strong pricing and favorable mix , supported by modest sequential improvement in supply chain ." Retail sales for the quarter were down 8 % versus last year , despite strong
' record sales in the quarter '
performance in Motorcycles , primarily driven by continued supply chain challenges and softness in Recreation Off-Road demand . Mike Speetzen , Chief Executive Officer of Polaris Inc ., stated : " We maintained our focus on executing for customers , dealers and shareholders . Our results were bolstered by easing supply chain headwinds that enabled us to increase shipped volumes and take advantage of our strong pricing strategy - resulting in record sales in the quarter . " We believe we are well positioned to meet our commitments for the year , while our team remains highly vigilant and agile should indicators point to shifts in consumer behavior or new market dynamics . " Looking forward , our diverse
" Mike Speetzen , Chief Executive Officer of Polaris Inc ., stated : " Our results were bolstered by easing supply chain headwinds that enabled us to increase shipped volumes and take advantage of our strong pricing strategy - resulting in record sales in the quarter ."
portfolio , commitment to innovation , strong financial position and track record of successfully navigating in
various operating environments gives me incredible confidence in Polaris ’ ability to deliver long-term profitable growth and shareholder value ." North America sales of $ 2,069m represented + 88 % of total company sales and increased + 35 % from $ 1,532m in 2021 . International sales of $ 272m represented + 12 % of total company sales and increased + 10 % versus the third quarter in
' North America ORV unit retail sales down high-single digits percent '
2021 . " Sales in the third quarter of 2022 were propelled by accelerated shipments towards the latter part of the quarter , as well as higher pricing and favorable mix ."
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TICKER CHECK
Polaris Inc ( NYSE : PII )
1 Year High ( 2 / 16 / 22 ) $ 126.73 1 Year Low ( 10 / 20 / 22 ) $ 92.65 After Q3 results ( 10 / 31 / 22 ) $ 101.22
64 AFTERMARKET MOTO DESIGN - DECEMBER 2022 www . AMDchampionship . com