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Jun 30, 2021
Polaris Q2 2021 Earnings Report
Polaris' second quarter results were released, highlighted by a 40% increase in reported sales and adjusted sales, reaching $2,117 million, a second quarter sales record.
Key Takeaways
Polaris Inc. reported a robust second quarter in 2021, with sales up 40% to $2,117 million. Net income was $158 million, or $2.52 per diluted share, while adjusted net income reached $169 million, or $2.70 per diluted share. The company is increasing its full year earnings guidance and now expects adjusted net income to be in the range of $9.35 to $9.60 per diluted share.
Second quarter reported and adjusted sales increased 40% to $2,117 million, a second quarter sales record.
Second quarter reported net income was $2.52 per share; adjusted net income for the same period was $2.70 per share.
Gross profit margin, reported and adjusted, for the second quarter was 26.0% and 26.1%, up 403 and 311 basis points over the prior year, respectively.
Polaris increased its full year 2021 earnings guidance and now expects earnings to be in the range of $9.35 to $9.60 per diluted share.
Polaris
Polaris
Polaris Revenue by Segment
Revenue by Segment
Off-Road Revenue
CapyFin.comMotorcycles Revenue
CapyFin.comMarine Revenue
CapyFin.com Forward Guidance
Polaris is increasing its full year earnings guidance and now expects adjusted net income to be in the range of $9.35 to $9.60 per diluted share. Full year 2021 sales guidance was narrowed and is now expected to be up 19% to 21% over the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income