Polaris Industries has reported full year sales of + 17 % for a record $ 8,198m ; fourth quarter reported sales increased 1 % to $ 2,170m . PG & A and International reported strong sales increasing + 24 % and + 34 % for the full year 2021 respectively . Market share improved during the year for ORV and Boats in North America ; Internationally , market share improved for all powersports segments in 2021 . The company says that the year saw it " expand and strengthen the ORV , Snow , Motorcycle and Boats product portfolios with over 30 new vehicles and nearly 500 new accessories in 2021 ."

Q4 Motorcycles segment sales , including PG & A , totaled $ 150m , up 2 % compared to Q4 , 2020 . Gross segment profit for Q4 2021 was $ 3m , or 1.7 % of sales , compared to $ 1m , or 0.8 % of sales , in the fourth quarter of 2020 . " The increase in gross profit margin was driven by favorable product mix and lower promotions costs , offsetting higher input costs , driven by supply chain constraints ." North American consumer retail sales for Indian Motorcycles decreased lowdouble digits percent during Q4 2021 - in a mid-to-heavyweight two-wheel motorcycle industry that was up midsingle digits percent . North American consumer retail sales for Polaris ' motorcycle segment , including both Indian Motorcycle and Slingshot , increased low-single digits percent during Q4 2021 . North American consumer retail sales for the motorcycle industry , including

CEO Mike Speetzen : " Polaris is now building additional mid-capacity Indian Motorcycle models in Vietnam for Asian Markets ."

both two-wheel and three-wheel , increased low-single digits percent during Q4 2021 . Indian market share loss was driven by a lack of product availability during the quarter driven by supply chain challenges . CEO Mike Speetzen is quoted as stating : " Marking a strong finish to the year , we delivered record sales and earnings in 2021 , propelled by the Polaris team ' s dedication and tenacity as they

capitalized on opportunities while navigating the macroeconomic-related headwinds ." Polaris confirmed that it has added

Diluted Net income per share : $ 1.40 $ 3.15 $ 7.88 $ 1.99

manufacturing capacity for midcapacity Indian Motorcycle models in Vietnam . " Innovation remained the cornerstone of our culture , supported by the introduction of several new categorydefining vehicles this year . With interest in powersports continuing to grow and new customers increasingly entering our industry , we expect 2022 to be another record year for Polaris . " Leveraging the company ' s strengths and scale as the global leader in powersports , our refreshed strategy and new strategic objectives will guide our path forward to create greater competitive advantage , welcome new customers and grow the market , drive profitable growth and deliver value for all our stakeholders ." The company divested the Scott Wine era GEM and Taylor-Dunn business acquisitions during the quarter . Polaris also stated that materials and broader supply chain shortages remain a challenge and likely will do through most , if not all , of the year ahead , but that it still expects to be able to post another record year in 2022 . The company issued full year 2022 sales and adjusted earnings guidance with full year adjusted net income in the range of $ 10.10 to $ 10.40 per diluted share and full year sales up in the range of 12 % to 15 %. For the full year 2021 Polaris reported net income of $ 7.88 per diluted share ; adjusted net income for the same period was a record $ 9.13 per diluted share . Fourth quarter reported net income was $ 1.40 per diluted share ; adjusted net income for the same period was $ 2.16 per diluted share .

The reshaping of the senior management and reporting landscape at Harley continues with the announcement that " it has entered into a cooperation agreement with one of its major shareholders , H Partners . " As part of the agreement , Jared Dourdeville , a Partner at H Partners , has joined the Harley-Davidson Board of Directors . Mr . Dourdeville has also been appointed to the Human Resources

Jared Dourdeville

Committee and the Nominating and Corporate Governance Committee . " We believe this agreement is in the best interest of Harley-Davidson shareholders , as we look to deliver long-term , profitable growth as the most desirable motorcycle company in the world ," said Tom Linebarger , Lead Director , Harley-Davidson . " We look forward to welcoming Mr . Dourdeville to the Board ." " Under the leadership of Jochen Zeitz , we believe Harley-Davidson ' s best days are ahead , and we look forward to partnering with the Board , leadership team and employees to reinvigorate this iconic American company ," said Dourdeville .

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