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Mar 31, 2022
Polaris Q1 2022 Earnings Report
Polaris' first quarter results were released, revealing flat sales and decreased earnings per share due to supply chain issues and inflation.
Key Takeaways
Polaris' first quarter sales remained flat compared to the previous year, with earnings per share declining due to supply chain challenges and inflationary pressures. Demand for Polaris' products remained healthy, but retail sales were down due to supply chain constraints.
First quarter sales were $1,957 million, flat relative to last year.
First quarter reported earnings per share was $1.14, down 46% versus last year; adjusted earnings per share was $1.29, down 44% versus last year.
Primary drivers in the quarter included increasing supply chain challenges and inflationary pressures, partially offset by strong pricing; demand remains healthy.
Retail Sales for the quarter were down 22% versus last year when retail sales rose 70% in the same quarter, primarily driven by supply chain challenges.
Polaris
Polaris
Polaris Revenue by Segment
Polaris Revenue by Geographic Location
Revenue by Segment
Off-Road Revenue
CapyFin.comMarine Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
The Company continues to expect 2022 sales to be in the range of $9,215 million to $9,455 million, an increase of 12 percent to 15 percent over 2021. The Company continues to expect adjusted EPS to be in the range of $10.10 to $10.40 for the full year 2022, an increase of 11 to 14 percent from 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income