Polaris Reports Second Quarter 2010 Results

Highlights:

• Sales Increased 25% and Earnings Per Share Increased 42%; Company Increases Full Year 2010 Sales and Earnings Per Share Guidance
Second Quarter 2010 Highlights:
• Sales grew 25% to $430.9 million and net income per share increased 42% to a record $0.75 per diluted share from last year's second quarter, both exceeding Company expectations
• Net income increased 47% to $25.6 million compared to the same period last year
• Gross margin percentage increased 210 basis points to 26.2%, driven by lower product costs and production volume increases
• Raising guidance for full year 2010 earnings to a record earnings per share range of $3.80 to $3.90 per diluted share, a 25% to 28% increase over full year 2009 on expected full year 2010 sales growth of 17% to 20%

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