earnings
confidence high
sentiment neutral
materiality 0.75
Polaris Q2 sales up 8% to $2.06B, EPS down 5%; raises FY guidance
Polaris Inc.
2022-Q2 EPS reported
$1.07
revenue$3,844,300,000
- Q2 sales $2,063M, +8% YoY; net income $142M (-9%); diluted EPS $2.34 (-5%).
- Adjusted EPS $2.42 (-7%); gross margin 23.0% (-303 bps) on inflation and supply chain.
- North America ORV retail down mid-20% YoY; Indian Motorcycle retail down low-40%.
- FY 2022 sales guidance raised to +13-16% (prior +12-15%); adj. EPS $10.10-$10.30 (+11-14%).
- Marine segment sales surged 38% to $273M; gross margin improved 39 bps.