NYSE$PII
Polaris Industries Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Polaris's first quarter sales and earnings per share increased compared to last year.
Polaris Inc. reported a strong first quarter in 2023, with sales up 22% to $2,180 million. Diluted earnings per share increased by 61% to $1.95, and adjusted diluted earnings per share increased by 55% to $2.05. The company experienced market share gains across all segments, driven by favorable ship volumes, product mix, and net pricing, which offset higher finance interest.
- First quarter sales increased by 22 percent compared to last year.
- Reported diluted earnings per share increased 61 percent versus last year.
- Market share gains were achieved across all segments.
- Retail sales were down five percent versus last year but up 14 percent versus 2019.
Headline financials
Revenue & EPS history
Polaris · Revenue · Quarterly
$2.18B
Revenue by segment
Polaris · $2.18B total across 3 segments · Q1 2023
- Off-Road$1.59B+21.6%73.0%
- On-Road$324M+47.6%14.8%
- Marine$264M+25.0%12.1%
Forward guidance
The Company continues to expect 2023 sales to be flat to up five percent versus 2022. The Company continues to expect adjusted diluted EPS from continuing operations attributed to Polaris Inc. common shareholders to be down three percent to up three percent versus 2022.
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 2023
-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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