earnings
confidence high
sentiment positive
materiality 0.80
Polaris Q2 sales record $2.12B (+40% YoY); raises FY EPS guidance to $9.35-9.60
Polaris Inc.
2021-Q2 EPS reported
$4.63
revenue$4,068,300,000
- Q2 reported EPS $2.52 vs $(3.82) loss prior year; adjusted EPS $2.70 vs $1.30, +108%.
- Sales $2,117M, +40% YoY; gross margin 26.0% (+403 bps) on lower promo costs and pricing.
- North American retail sales down 28% due to supply constraints, but up 14% vs Q2 2019.
- FY2021 EPS guidance raised to $9.35-$9.60 from $7.74 adjusted in 2020; sales $8,375-8,500M (+19-21%).
- Repurchased $111M of stock in Q2; debt-to-capital ratio 54%.