NYSE$PII
Polaris Industries Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Polaris' first quarter results were released, revealing a significant increase in sales and earnings, driven by strong retail demand and industry tailwinds.
Polaris Inc. reported a strong first quarter in 2021, with sales up 39% to $1,951 million. Net income was $134 million, or $2.11 per diluted share, compared to a net loss in the same quarter last year. The company benefited from strong retail demand and increased its full-year sales and earnings guidance.
- Reported and adjusted sales increased by 39% reaching $1,951 million.
- Reported net income was $2.11 per share, and adjusted net income was $2.30 per share.
- Gross profit margin increased by 378 basis points due to lower promotional costs.
- North American retail sales surged by 70%, driven by broad-based strength across all business segments.
Headline financials
Revenue & EPS history
Polaris · Revenue · Quarterly
$1.95B
Revenue by segment
Polaris · $2.25B total across 3 segments · Q3 2023
- Off-Road$1.84B+5.6%82.0%
- On-Road$270M-19.1%12.0%
- Marine$134M-48.4%6.0%
Forward guidance
Polaris is increasing its full year sales and earnings guidance, expecting adjusted net income to be in the range of $9.00 to $9.25 per diluted share, with sales up 18% to 21%.
Tailwinds
- Continued strong retail demand is expected.
- Full year 2021 sales are now expected to be up 18% to 21% over the prior year.
- Adjusted net income is expected to be in the range of $9.00 to $9.25 per diluted share.
- Strong performance in the first quarter of 2021.
- Overall positive outlook for the full year 2021.
Headwinds
- Supply chain transformation costs.
- Restructuring and network realignment costs.
- Class action litigation-related expenses.
- Unpredictable acquisition integration costs.
- Difficulties in forecasting certain items required to develop comparable GAAP financial measures.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-1.0%
Avg return
Earnings day
-1.5%
Avg return
5 days after
+0.2%
Avg return
30 days after
41%
28 / 69 earnings
Positive
+15.2%
Q3 2017
Best reaction
-15.8%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.8% | +8.8% | +14.9% | |
| Q4 2025 | -4.4% | -7.6% | -7.6% | |
| Q3 2025 | -5.9% | -7.1% | -6.7% | |
| Q2 2025 | -2.7% | -6.4% | -2.6% | |
| Q1 2025 | +0.3% | +3.2% | +18.2% | |
| Q4 2024 | -5.0% | -14.9% | -12.5% | |
| Q3 2024 | -13.1% | -11.1% | -16.5% | |
| Q2 2024 | -11.2% | +0.7% | +0.8% | |
| Q1 2024 | -3.4% | -5.0% | -6.8% | |
| Q4 2023 | -3.0% | -2.4% | +0.0% | |
| Q3 2023 | -5.6% | -7.3% | -2.3% | |
| Q2 2023 | +2.0% | +0.2% | -17.5% | |
| Q1 2023 | -3.1% | -0.7% | -2.9% | |
| Q4 2022 | +10.5% | +10.8% | +8.3% | |
| Q3 2022 | +5.8% | +7.8% | +19.4% | |
| Q2 2022 | -1.5% | +3.8% | +7.8% | |
| Q1 2022 | -9.0% | -11.1% | -1.5% | |
| Q4 2021 | +1.1% | +1.9% | +7.3% | |
| Q3 2021 | -7.1% | -9.0% | -3.1% | |
| Q2 2021 | -7.4% | -5.7% | -11.4% | |
| Q1 2021 | -4.9% | -3.4% | -8.8% | |
| Q4 2020 | -1.8% | -2.4% | +1.6% | |
| Q3 2020 | +0.9% | -0.8% | +4.5% | |
| Q2 2020 | +8.5% | +5.8% | +6.3% | |
| Q1 2020 | +11.2% | -2.8% | +31.6% | |
| Q4 2019 | +3.9% | +0.9% | -8.4% | |
| Q3 2019 | +11.2% | +10.9% | +6.5% | |
| Q2 2019 | +15.0% | +13.2% | -0.1% | |
| Q1 2019 | -2.2% | -1.5% | -12.6% | |
| Q4 2018 | -0.3% | +2.0% | +0.5% | |
| Q3 2018 | -3.3% | -5.6% | +4.2% | |
| Q2 2018 | -12.0% | -13.5% | -9.9% | |
| Q1 2018 | -13.0% | -13.5% | -5.8% | |
| Q4 2017 | -15.8% | -17.9% | -16.4% | |
| Q3 2017 | +15.2% | +11.2% | +15.6% | |
| Q2 2017 | +2.0% | +1.5% | -3.4% | |
| Q1 2017 | +1.5% | +2.5% | +2.1% | |
| Q4 2016 | +2.1% | -0.9% | -1.0% | |
| Q3 2016 | -6.2% | -7.8% | +8.7% | |
| Q2 2016 | +11.2% | +11.4% | +6.5% | |
| Q1 2016 | +4.5% | — | — | |
| Q4 2015 | -12.6% | — | — | |
| Q3 2015 | -8.5% | — | — | |
| Q2 2015 | -6.7% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q3 2014 | -1.2% | — | — | |
| Q2 2014 | +9.8% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | -4.9% | — | — | |
| Q3 2013 | -2.4% | — | — | |
| Q2 2013 | +4.0% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | -6.0% | — | — | |
| Q3 2012 | +3.2% | — | — | |
| Q2 2012 | -0.6% | — | — | |
| Q1 2012 | +2.6% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q3 2011 | -0.0% | — | — | |
| Q2 2011 | -12.4% | — | — | |
| Q1 2010 | +0.5% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q3 2009 | +0.0% | — | — | |
| Q2 2010 | -2.9% | — | — | |
| Q2 2009 | -2.9% | — | — | |
| Q4 2009 | -2.9% | — | — |
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