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Dec 31, 2019
Polaris Q4 2019 Earnings Report
Polaris's fourth quarter results revealed sales and adjusted sales increased, net income and gross profit also increased.
Key Takeaways
Polaris reported a 7% increase in both reported and adjusted sales, reaching $1,736 million. Net income increased to $1.58 per diluted share, and adjusted net income was $1.83 per diluted share. The company's full-year sales grew by 12% to $6,783 million, with adjusted earnings exceeding previous guidance.
Fourth quarter reported and adjusted sales increased 7% to $1,736 million
North American retail sales increased 2% for the quarter compared to last year
ORV N.A. retail sales were up low-single digits percent, Indian motorcycles retail sales were up low-single digits percent
We ended the year with positive fourth quarter retail momentum in both Off-Road Vehicles and Motorcycles, supporting strong full year, broad-based sales growth of 12 percent.
Polaris
Polaris
Polaris Revenue by Segment
Revenue by Segment
Off-Road Revenue
CapyFin.comMotorcycles Revenue
CapyFin.comMarine Revenue
CapyFin.com Forward Guidance
The Company announced its sales and adjusted earnings guidance for the full year 2020. Sales are expected to increase in the range of 2 percent to 4 percent over 2019 adjusted sales of $6,783 million and adjusted net income is expected to be in the range of $6.80 to $7.05 per diluted share for the full year 2020 compared to adjusted net income of $6.32 per diluted share for 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income