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Dec 31, 2022
Polaris Q4 2022 Earnings Report
Polaris reported record fourth quarter sales and earnings, driven by higher volumes, strong pricing, and favorable mix, which offset foreign exchange headwinds.
Key Takeaways
Polaris Inc. reported a strong fourth quarter and full year 2022, with record sales of $2,404 million, up 21 percent compared to last year. Reported diluted earnings per share from continuing operations was $3.36, up 129 percent versus last year; adjusted diluted earnings per share from continuing operations was $3.46, up 57 percent versus last year.
Record fourth quarter sales were $2,404 million, up 21 percent compared to last year.
Reported diluted earnings per share from continuing operations was $3.36, up 129 percent versus last year; adjusted diluted earnings per share from continuing operations was $3.46, up 57 percent versus last year.
Primary sales drivers in the quarter were higher volumes, strong pricing and favorable mix, offsetting foreign exchange-related headwinds.
Retail sales for the quarter were down six percent versus last year despite improving performance in utility Off Road and Indian Motorcycle, offset by softness in recreational Off Road demand.
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 expects 2023 sales to be flat to up five percent versus 2022. The Company expects 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