Polaris Inc. released third quarter 2020 results with reported sales of $1,955 million, up 10% from reported sales of $1,772 million for the third quarter of 2019.
Husqvarna reported its net sales increased by 14% to $1.1 billion, or by 22% when adjusted for exit of Consumer Brands business and changes in exchange rates. Operating income increased by 141% to $114 million, representing a margin of 10.4% (4.9).
Briggs & Stratton is now in a multi-week planning period to finalize steps in the company’s repositioning plan. What would you like to see from Briggs & Stratton?
Retail sales results were somewhat mixed, with greater than 20% snowmobile growth helping to offset modest weather-related declines in off-road vehicles, motorcycles and boats, according to the company.
Trucking expenses have been climbing in recent months in the U.S. amid a shortage of big-rig drivers, and fuel is becoming more expensive. Also hitting Deere is the recent increase in prices for steel and aluminum.
The third quarter sales increase of 4.5% was driven by increased demand for professional segment products. Residential segment net sales for the third quarter were down 9.3%.
Sales are also up 5% for 9 months, with the quarterly and yearly increases primarily due to higher shipment volumes and price realization, partially offset by higher warranty costs.
Improving demand for farm and construction equipment leads to higher second-quarter results. Industry sales of turf and utility equipment in the U.S. and Canada are expected to be about flat for 2017.
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