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Sep 30, 2021
Polaris Q3 2021 Earnings Report
Polaris' Q3 2021 earnings were impacted by supply chain constraints, but the company gained ORV market share and introduced fifteen new vehicles.
Key Takeaways
Polaris Inc. reported third quarter 2021 sales of $1.960 billion, a slight increase compared to the third quarter of 2020. Net income was $115 million, or $1.84 per diluted share, compared to $167 million, or $2.66 per diluted share, for the 2020 third quarter. The company lowered its full year 2021 adjusted earnings and sales guidance due to supply chain constraints.
Third quarter reported and adjusted sales increased slightly to $1,960 million
Third quarter reported net income was $1.84 per share; adjusted net income for the same period was $1.98 per share
Market share improved during the quarter for ORV and Snowmobiles
Expanded and strengthened the ORV product portfolio with fifteen new vehicles introduced during the quarter
Polaris
Polaris
Polaris Revenue by Segment
Revenue by Segment
Off-Road Revenue
CapyFin.comMotorcycles Revenue
CapyFin.com Forward Guidance
Polaris lowered its full year 2021 adjusted earnings and sales guidance given the supply chain constraints and now expects to earn approximately $9.00 per diluted share with adjusted sales now expected to be up approximately 16% over the prior year
Revenue & Expenses
Visualization of income flow from segment revenue to net income