Polaris Q1 sales down 20% to $1.74B; adj EPS $0.23 (-89% YoY); reiterates FY guidance

Polaris Inc.

2024-Q1 EPS reported $0.07 revenue$1,736,400,000

Sales $1,736M (-20% YoY); reported EPS $0.07 (-96%), adjusted EPS $0.23 (-89%).
Gross margin 19.0% (-250 bps) on higher promo spend and warranty expense.
Segment sales: Off Road $1,336M (-16%), On Road $277M (-14%), Marine $123M (-53%).
North America ORV retail up 3% (ex-snow); Indian Motorcycle retail up low-teens %.
FY2024 guidance reaffirmed: sales down 5-7%, adjusted EPS down 10-15% vs 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Polaris Inc. reported first quarter 2024 results: revenue $1,736 million, net income $4 million, EPS $0.07. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $1,736 million
Net income: $4 million
EPS: $0.07
Guidance: reaffirmed
Result: reported results

Exact text from the filing

this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- First Quarter 2024 Earnings Results April 23, 2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS • First quarter sales were $1,736 million, down 20 percent compared to last year. • First quarter reported diluted earnings per share was $0.07, down 96 percent versus last year; adjusted diluted earnings per share was

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Source: SEC EDGAR

accession 0001628280-24-017193

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