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.

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