American Motorcycle Dealer AMD 205 August 2016 | Seite 12

NEWS

BRIEFS
BRP has reported revenues
up by 3.5 percent to
CAN$929.9m for the first
three months of its current
financial year to April 30,
2016. Gross profit was down
by -8.8 percent to
CAN$194.1m due to adverse
exchange rate conditions and
a 25.8 percent increase in
operating expenses - largely
blamed to provision for some
of the several unfavorable
CanAm lawsuit findings
against it.
In France Paris city authorities
have now followed through on
their plan to ban motorcycles built
before June 1st 2000 from the
city’s streets between the hours of
8:00am and 8:00 pm, Monday to
Friday. The ban takes effect from
September 1st this year and is
part of a slew of measures Paris is
taking in response to EU threats
of fines over air pollution issues
there that, apparently, mean that
Paris’ air pollution is even worse
than that notoriously seen in
Beijing!
North Dakota Harley dealers
Bill and Brenda Houim are
to open a second store,
Black Magic HarleyDavidson, at Williston, ND.,
some 120 miles from their
Minot based Magic City H-D
facility.

12

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compared to $89.9 million for the
same period in 2015. The significant
increase in net cash provided by
operating activities for the 2016
period was due to decreased working
capital. Total debt for the quarter,
including capital lease obligations and
notes payable, was $468.1 million. The
company’s debt-to-total-capital ratio
was 34 percent at June 30, 2016,
compared to 31 percent a year ago.
Cash and cash equivalents were
$146.6 million at June 30, 2016, up
from $118.8 million for the same
period in 2015.
During the second quarter 2016, the
company repurchased and retired
652,000 shares of its common stock

“operating expenses up +9 %
to $188.0 m/16.6 % of sales”
for $58.9 million. As of June 30, 2016,
the company currently has
authorization from its Board of
Directors to repurchase up to an
additional 8.7 million shares of Polaris
stock.
Polaris is lowering and narrowing its
guidance range for full year 2016
earnings to $6.00 to $6.30 per diluted
share, on total company sales in the

range of down -2% to flat for the full
year 2016.
Second quarter net income was $71.2
million, or $1.09 per diluted share, for
the quarter ended June 30, 2016
compared to $100.9 million, or $1.49
per diluted share reported in the
second quarter of 2015.
For the full year 2016, the company is
revising its earnings guidance range to

in thousands US $
Sales
Cost of sales
Gross profit

THREE MONTHS ENDED JUNE 30
2016
2015
1,130,777
1,124,327
846,274
804,913
284,503
319,414

SIX MONTHS ENDED JUNE 30
2016
2015
2,113,773
2,157,672
1,581,692
1,544,527
532,081
613,145

Operating expenses:
Selling and marketing
Research and development
General and administrative
Total operating expenses
Operating income
Net income

77,820
45,579
64,566
187,965
117,002
71,166

155,061
88,688
134,146
377,895
194,146
118,055

AMERICAN MOTORCYCLE DEALER - AUGUST 2016

79,656
41,431
51,948
173,035
164,017
100,943

149,341
80,294
101,487
331,122
314,303
189,506

www.AMDchampionship.com