earnings
confidence high
sentiment positive
materiality 0.80
Polaris Q3 sales up 32% to $2.34B; adjusted EPS $3.25 beats; raises FY sales growth guidance
Polaris Inc.
2022-Q3 EPS reported
$4.15
revenue$6,184,900,000
- Sales $2,341M (+32% YoY); reported EPS $3.17 (+69%), adjusted EPS $3.25 (+64%).
- Off-Road segment sales +33% to $1,746M; North America ORV retail down high-single digits.
- On-Road sales +30% to $334M; Indian Motorcycle retail up high-single digits.
- Marine sales +42% to $260M; gross margin down 91 bps to 21.5%.
- FY2022 sales growth guidance raised to 15-16% (from 13-16%); adjusted EPS unchanged at $10.10-$10.30.