Polaris reports record Q4 sales of $2.4B, adjusted EPS $3.46; FY 2022 sales record $8.59B

Polaris Inc.

2022-FY EPS reported $7.44 revenue$8,589,000,000

Record Q4 2022 sales $2,404M (+21% YoY); FY 2022 sales $8,589M (+15% YoY).
Q4 adjusted diluted EPS $3.46 (+57% YoY); reported EPS $3.36 (+129% YoY). Full year adjusted EPS $10.40 (+15%).
Segment: Off Road sales +19%, On Road +29%, Marine +36%; gross margins expanded in all segments.
Q4 retail sales down 6% YoY; ORV down mid-single digits, Indian Motorcycle up low-single digits.
2023 guidance: sales flat to +5%, adjusted EPS -3% to +3% vs 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Polaris Inc. reported Q4 2022 and FY 2022 results: revenue $2,404 million, net income $197 million, EPS $3.36. Guidance initiated.

Period: Q4 2022 and FY 2022
Revenue: $2,404 million
Net income: $197 million
EPS: $3.36
Guidance: initiated
Result: reported results

Exact text from the filing

MINNEAPOLIS (January 31, 2023) - Polaris Inc. (NYSE: PII) (the "Company") today released fourth quarter and full year 2022 results. The Company reported worldwide sales of $2,404 million, up 21 percent versus the fourth quarter of 2021. North America sales of $2,108 million represented 88 percent of total company sales and increased 23 percent from $1,715 million in 2021. International sales of $296 million represented 12 percent of total company sales and increased seven percent versus the fourth quarter of 2021. Sales growth in the fourth quarter of 2022 was driven by sustained shipment momentum supported by modest improvement in the supply chain, higher pricing and favorable mix, offsetting foreign exchange-related headwinds. Investor Contact: J.C. Weigelt 763-542-0525 | Media Contact: Jess Rogers 763-513-3445 Page 1 Fourth Quarter & Full Year 2022 Earnings Results As reported, fourth quarter net income from continuing operations attributable to Polaris of $197 million increased 116

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Source: SEC EDGAR

accession 0001628280-23-001772

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