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Mar 31, 2023
Polaris Q1 2023 Earnings Report
Polaris's first quarter sales and earnings per share increased compared to last year.
Key Takeaways
Polaris Inc. reported a strong first quarter in 2023, with sales up 22% to $2,180 million. Diluted earnings per share increased by 61% to $1.95, and adjusted diluted earnings per share increased by 55% to $2.05. The company experienced market share gains across all segments, driven by favorable ship volumes, product mix, and net pricing, which offset higher finance interest.
First quarter sales increased by 22 percent compared to last year.
Reported diluted earnings per share increased 61 percent versus last year.
Market share gains were achieved across all segments.
Retail sales were down five percent versus last year but up 14 percent versus 2019.
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 2023 sales to be flat to up five percent versus 2022. The Company continues to expect adjusted diluted EPS from continuing operations attributed to Polaris Inc. common shareholders to be down three percent to up three percent versus 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income