earnings
confidence high
sentiment negative
materiality 0.85
Polaris Q3 sales down 23% YoY, EPS plunge 81%; full-year guidance slashed
Polaris Inc.
2024-Q3 EPS reported
$1.76
revenue$5,420,000,000
- Q3 sales $1,722M (-23% YoY); reported EPS $0.49 (-81%), adjusted EPS $0.73 (-73%).
- Gross margin fell 204 bps to 20.6%; operating expenses up 355 bps as % of sales.
- ORV retail sales down 3%; Marine sales plummeted 36%, On Road down 13%.
- FY2024 sales outlook cut to -20% YoY (prior -17% to -20%); adjusted EPS now -65% (prior -56% to -62%).