earnings
confidence high
sentiment negative
materiality 0.80
Polaris Q4 sales down 23% YoY; 2024 adj EPS down 65%; guides 2025 sales down 1-4%
Polaris Inc.
2024-FY EPS reported
$1.95
revenue$7,175,400,000
- Q4 sales $1,755M (-23% YoY); reported diluted EPS $0.19 (-90%); adjusted EPS $0.92 (-54%).
- Full year 2024 sales $7,175M (-20%); adjusted EPS $3.25 (-65%).
- Off Road segment sales $1,437M (-25%); North America ORV retail flat; industry up mid-single digits.
- 2025 outlook: sales down 1-4% vs 2024; adjusted EPS down ~65% vs 2024; mix and production headwinds.
- Q4 gross margin 20.4% (down 44 bps); adjusted gross margin 21.1% (up 9 bps).