Minneapolis, MN (3/7/2011) - Polaris
Industries Inc. (NYSE: PII) announced today
it is continuing a 29 year profit-sharing
payment tradition. Over $13.6 million of the
company's 2010 profits will be shared among
approximately 2,250 hourly and non-salaried
Polaris employees in a cash payment.
On average, each of these employees will
receive nearly 19 percent of their annual
pay base. Polaris also will distribute profit-sharing
payments to each of its fulltime salaried
employees. Additionally, all Polaris employees
will participate in the distribution of $8.1
million worth of Polaris stock that is contributed
to their retirement plan.
"We delivered strong performance and
posted record results in 2010, and it feels
good to reward the hard work and dedication
of our employees," said Scott Wine, Chief
Executive Officer. "It is fundamental
to our culture that all employees share in
the success they worked so diligently to create."
About Polaris:
With annual 2010 sales of $1.99 billion, Polaris
designs, engineers, manufactures and markets
off-road vehicles (ORVs), including all-terrain
vehicles (ATVs), the Polaris RANGER(r) Side
x Sides, snowmobiles and Victory motorcycles
for recreational and utility use and has recently
introduced a new on-road electric powered
neighborhood vehicle.
Polaris is a recognized
leader in the snowmobile industry; and one
of the largest manufacturers of ORVs in the
world. Victory motorcycles established in
1998 and representing the first all-new American-made
motorcycle from a major company in nearly
60 years, are rapidly making impressive in-roads
into the cruiser and touring motorcycle marketplace.
Polaris also enhances the riding experience
with a complete line of Pure Polaris apparel,
accessories and parts, available at Polaris
dealerships.
Polaris Industries Inc.
trades on the New York Stock Exchange under
the symbol "PII," and the Company
is included in the S&P MidCap 400 stock
price index.
Information about the
complete line of Polaris products, apparel
and vehicle accessories are available from
authorized Polaris dealers or anytime from
the Polaris homepage at www.polarisindustries.com
