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The company has been benefiting from strong demand for recreational vehicles and a shortage of inventory in the industry. This led to a strong second quarter where earnings rose 107.7% year over year and sales jumped 40.2% year over year.
PII has a solid balance sheet with only $53 million in short term debt and a current ratio of 1.2. EBITDA has grown an average of 21.4% per year over the past three years. However, earnings are expected to fall 29.1% year over year in the current quarter.
