Polaris Q2 sales up 7% to $2.22B; EPS flat YoY; raises full-year sales guidance

Polaris Inc.

2023-Q2 EPS reported $4.28 revenue$4,396,300,000

Net income from cont. ops. $134M (-5%), diluted EPS $2.32 (-1%); adjusted EPS $2.42 flat.
Sales $2,217M (+7%); Off Road +9%, On Road +21%, Marine -18%.
Off Road retail unit sales up 14% in NA; On Road (Indian Motorcycle) retail up >40%.
Full-year sales guidance raised to up 3-6% (prior flat to +5%); adj. EPS guidance narrowed to -2% to +3%.
Gross margin down 22 bps to 22.8%; operating expenses up 13% to $330M.

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 the second quarter 2023 financial results for the reporting period ended June 30, 2023 results: revenue $2,217 million, net income $134 million, EPS $2.32. Guidance raised.

Period: the second quarter 2023 financial results for the reporting period ended June 30, 2023
Revenue: $2,217 million
Net income: $134 million
EPS: $2.32
Guidance: raised
Result: reported results

Exact text from the filing

The Company reported worldwide sales of $2,217 million, up seven percent versus the second quarter of 2022.

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Source: SEC EDGAR

accession 0001628280-23-025490

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