Polaris Posts Fiscal Year, Q4 Financials
January 29, 2025
The Godfrey, Bennington and Hurricane parent posted a 23% year-over-year decline in fourth-quarter sales.
The Godfrey, Bennington and Hurricane parent posted a 23% year-over-year decline in fourth-quarter sales.
Duke has been president almost since the beginning of the company’s involvement in Bennington, Godfrey and Hurricane. Here, he gives a business update and a look at plans for the three brands.
Sales from the company’s marine division were down $101.5 million for the quarter, while overall 2023 sales increased 4%.
Godfrey and Bennington partnered with Forza X1 to power a Monaco 235 and an L-Series Bowrider with its 150 hp electric outboards.
The parent of Bennington, Godfrey and Hurricane reported a 22% increase in overall sales and 25% growth in marine revenue.
The parent of Bennington, Godfrey and Hurricane pointed to “healthy” demand and easing supply-chain issues in its quarterly report.
Ben Duke succeeds Jake Vogel, who will stay on board as a strategic advisor.
The company said sales in its marine segment increased, but profit margins narrowed because of supply-chain issues.
Though boat sales were up 18 percent, demand in the company’s other segments was hindered by a lack of product availability, driven by supply-chain issues.
The surge in sales continues for Polaris in Q2, with its boats segment posting an increase of nearly 50 percent to $198 million.
The Godfrey, Bennington and Hurricane parent posted a 23% year-over-year decline in fourth-quarter sales.
Duke has been president almost since the beginning of the company’s involvement in Bennington, Godfrey and Hurricane. Here, he gives a business update and a look at plans for the three brands.
Sales from the company’s marine division were down $101.5 million for the quarter, while overall 2023 sales increased 4%.
Godfrey and Bennington partnered with Forza X1 to power a Monaco 235 and an L-Series Bowrider with its 150 hp electric outboards.
The parent of Bennington, Godfrey and Hurricane reported a 22% increase in overall sales and 25% growth in marine revenue.
The parent of Bennington, Godfrey and Hurricane pointed to “healthy” demand and easing supply-chain issues in its quarterly report.
Ben Duke succeeds Jake Vogel, who will stay on board as a strategic advisor.
The company said sales in its marine segment increased, but profit margins narrowed because of supply-chain issues.
Though boat sales were up 18 percent, demand in the company’s other segments was hindered by a lack of product availability, driven by supply-chain issues.
The surge in sales continues for Polaris in Q2, with its boats segment posting an increase of nearly 50 percent to $198 million.
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