Loading...
•
Dec 31, 2021
Polaris Q4 2021 Earnings Report
Polaris reported a one percent increase in sales and a decrease in net income for the fourth quarter of 2021.
Key Takeaways
Polaris Inc. released its fourth-quarter 2021 results, reporting a one percent increase in sales to $2,170 million compared to the fourth quarter of 2020. However, the company's net income decreased to $87 million, or $1.40 per diluted share, compared to $199 million, or $3.15 per diluted share, in the same period of the previous year. Adjusted net income for the quarter was $134 million, or $2.16 per diluted share, compared to $211 million, or $3.34 per diluted share in the 2020 fourth quarter.
Fourth quarter reported and adjusted sales increased one percent to $2,170 million
Fourth quarter reported net income was $1.40 per diluted share; adjusted net income for the same period was $2.16 per diluted share
GEM and Taylor-Dunn businesses were divested during the quarter
Polaris announced full year 2022 sales and adjusted earnings guidance with full year adjusted net income in the range of $10.10 to $10.40 per diluted share and full year sales up in the range of 12% to 15%
Polaris
Polaris
Polaris Revenue by Segment
Polaris Revenue by Geographic Location
Revenue by Segment
Off-Road Revenue
CapyFin.comMotorcycles Revenue
CapyFin.comMarine Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
The Company announced its sales and adjusted earnings guidance for the full year 2022. Sales are expected to increase to the range of $9,215 million to $9,455 million, an increase of 12 percent to 15 percent over 2021 adjusted sales of $8,198 million and adjusted net income is expected to be in the range of $10.10 to $10.40 per diluted share for the full year 2022, an increase of 11 to 14 percent compared to adjusted net income of $9.13 per diluted share for 2021.
Positive Outlook
- Sales are expected to increase to the range of $9,215 million to $9,455 million
- Sales are expected to increase 12 percent to 15 percent over 2021 adjusted sales of $8,198 million
- Adjusted net income is expected to be in the range of $10.10 to $10.40 per diluted share for the full year 2022
- Adjusted net income is expected to increase of 11 to 14 percent compared to adjusted net income of $9.13 per diluted share for 2021
- Innovation remains the cornerstone of our culture, supported by the introduction of several new category-defining vehicles this year
Challenges Ahead
- Supply chain constraints are expected to continue.
- Higher input costs are expected to persist.
- The company is facing disruptions in manufacturing facilities.
- The company is incurring acquisition integration costs.
- The company is exposed to risks related to product recalls and/or warranty expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income