earnings
confidence high
sentiment negative
materiality 0.85
Polaris Q4 sales down 5%; adjusted EPS $1.98, down 43%; 2024 guidance weaker
Polaris Inc.
2023-FY EPS reported
$8.71
revenue$8,934,400,000
- Q4 sales $2,289M (-5% YoY); reported EPS $1.81 (-46%); adjusted EPS $1.98 (-43%).
- Full year 2023 sales $8,934M (+4% YoY); adjusted EPS $9.16 (-12%).
- Off Road segment sales +3% but gross margin -350bps; On Road -24%; Marine -41%.
- 2024 guidance: sales -5% to -7%, adjusted EPS -10% to -15% vs 2023.
- Retail sales up 7% Q4 led by snow and utility ORV; Indian Motorcycle retail down high-teens.