Polaris Q3 sales down 4% to $2.25B; EPS $2.62; cuts full-year guidance

Polaris Inc.

2023-Q3 EPS reported $6.90 revenue$6,645,200,000

Sales $2,248.9M (-4% YoY); reported diluted EPS $2.62 (-17%), adjusted EPS $2.71 (-17%).
Off Road segment sales +6% to $1,844M; Marine -48% to $134M; On Road -19% to $270M.
Gross margin 22.6%, down 127 bps; operating expenses up 4% to $328M.
FY 2023 outlook reduced: sales growth now +3-5% (prev. +3-6%), adj. EPS decline 8-4% (prev. -2% to +3%).
North America retail sales +5% overall; ORV retail +5%, Indian Motorcycle retail down low-teens.

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 third quarter 2023 results: revenue $2,249 million, net income $152 million, EPS $2.62. Guidance lowered.

Period: the third quarter 2023
Revenue: $2,249 million
Net income: $152 million
EPS: $2.62
Guidance: lowered
Result: reported results

Exact text from the filing

Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- Third Quarter 2023 Earnings Results October 24, 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS • Third quarter sales were $2,249 million, down four percent compared to last year. • Third quarter reported diluted earnings per share from continuing operations was $2.62, down 17 percent versus last year; adjusted

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Source: SEC EDGAR

accession 0001628280-23-034930

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