earnings
confidence high
sentiment neutral
materiality 0.80
Polaris Q4 adj EPS $2.16 (-35% YoY); FY2021 record sales $8.2B; FY2022 adj EPS guidance $10.10-$10.40
Polaris Inc.
2021-FY EPS reported
$7.88
revenue$8,198,200,000
- Q4 reported sales $2,170M (+1% YoY); adjusted EPS $2.16 vs $3.34 YoY (-35%); gross margin fell 499 bps to 20.5%.
- FY2021 record sales $8,198M (+17%); adjusted EPS $9.13 (record), exceeding prior guidance.
- Supply-chain constraints drove higher input costs; ORV NA retail sales down mid-20%s; snowmobile retail down ~30%.
- FY2022 guidance: sales $9,215-$9,455M (+12-15%); adjusted EPS $10.10-$10.40 (+11-14%).
- Divested GEM/Taylor-Dunn in Q4 with $37M loss; operating cash flow $293.7M (-71%) due to inventory build.