Polaris doesn’t want a steel trade war – “But can handle it”

"We've built a team and we've built a company that can handle a lot of adversity," said Scott Wine, CEO of Polaris.

Polaris Industries’ CEO Scott Wine was recently a guest on CNBC’s Mad Money with Jim Cramer.
Polaris Industries’ CEO Scott Wine was recently a guest on CNBC’s Mad Money with Jim Cramer. Photo courtesy Polaris/CNBC

Polaris Industries’ CEO Scott Wine was recently a guest on CNBC’s Mad Money with Jim Cramer. Here are some of things he talked about: 

  • Polaris spends about $330 million on aluminum and steel, so Trump's tariffs would mean about a $3 million increase to the company.
  • Polaris doesn't want a trade war, but Wine said it can handle any challenges thrown its way.
  • Polaris will spend $260 million on development and RD research this year.
  • The company had a disappointing last quarter, partially because of the lack of snow this winter (though late snow may help)
  • Last Friday (March 2nd, 2018), Polaris’ 11,000 employees received more than $90 million in bonus checks and ESOP profit-sharing payouts.

"We've built a team and we've built a company that can handle a lot of adversity," he told Mad Money’s Jim Cramer.

Watch the video of this Mad Money interview with Polaris CEO Scott Wine.

Related Articles

Search and Rescue watercraft on lake.
SnoRiders Insider BRP donates watercraft to Inuvik Canadian Coast Guard Auxiliary (CCGA)

The addition of the unit will enable the Inuvik CCGA to increase coverage to a number of remote locations and assist residents in emergency situations.

“Michelin and Camso have many values in common,” said Jean-Dominique Senard, Chief Executive Officer of the Michelin Group.
SnoRiders Insider Camso bought by tire giant Michelin in US $1.45 billion deal

The two parties have reached an agreement for the acquisition of Camso and the integration of its off-road operations with those of Michelin

SnoRiders Insider, Revelstoke, BC Revelstoke Snowmobile Club looking for General Manager

The Revelstoke Snowmobile Club has a need for a growth-minded General Manager

>
View all SnoRiders Insider articles