Polaris Industries Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported sales of $1,105,618,000 against $1,275,000,000 a year ago. Operating income was $159,160,000 against $210,000,000 a year ago. Income before income taxes was $151,098,000 against $202,476,000 a year ago. Net income was $110,682,000 against $135,397,000 a year ago. Diluted net income per share was $1.66 against $1.98 a year ago.

For the year, the company reported sales of $4,719,290,000 against $4,479,648,000 a year ago. Operating income was $716,139,000 against $714,690,000 a year ago. Income before income taxes was $685,737,000 against $699,317,000 a year ago. Net income was $455,361,000 against $454,029,000 a year ago. Diluted net income per share was $6.75 against $6.65 a year ago. Net cash provided by operating activities was $440,231,000 against $529,270,000 a year ago. Purchase of property and equipment was $249,485,000 against $205,079,000 a year ago. Total debt at the end of 2015, including capital lease obligations and notes payable, was $463.3 million.

The company expects full year 2016 net income to be in the range of $6.20 to $6.80 per diluted share, compared to the $6.75 per diluted share reported in 2015. Full year 2016 sales are anticipated to be in the range of down 2% to up 3% over full year 2015 sales. Ongoing currency volatility and industry retail sales uncertainty are the major reasons for the wider guidance range for sales and earnings per share for 2016.