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Polaris Industries' CEO Hosts Analyst And Investor Meeting (Transcript)

International’s a little choppier than it’s been the last couple of years. It’s just been kind of climbing to the moon. It’s up 13% year-to-date but it’s tougher in Europe and we’re still up in Europe, but we can clearly see some pressure there and we’re monitoring that very, very closely. And then we’re seeing really nice growth at Asia-Pacific and Latin America is relatively small, but we think that’ll get going so we’re not too concerned about that.

The Monterrey plant which was a major, major initiative for us as you guys know over the last couple of years is really performing at a very high level. In many ways thank God we have Monterrey. We would have not been able to do all the growth that we’ve had without the Monterrey capacity situation that we’ve had and frankly we’re continuing to lean on that plant to deliver more and more product. They’re giving us great quality which is I think where a lot of people were very concerned when we brought on the Mexican Plant was could we do what we do up in the US? And frankly we’ve been able to do that and it’s paid so far. So we’re very, very pleased about that. It’s profitable and the things that we’re really grinding on Suresh and his team there is continue to drive the productivity level so that we get every ounce that we can out of that team.

And as you can see, acquisition and partnership activity is quite high based on the announcement we had last week with Eicher and I can assure you that’s not the only thing in the pipeline. So we feel really good about ’12 right now folks. I mean it should be another record year and we feel like we’re well positioned for the second half.

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