NYSE$PII

Polaris Industries Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Polaris' second quarter earnings reflect team's commitment to customers through innovation and execution amidst supply chain constraints.

Polaris Inc. reported worldwide sales of $2,063 million, up eight percent versus the second quarter of 2021. Reported diluted earnings per share from continuing operations was $2.34, down five percent versus last year; adjusted diluted earnings per share from continuing operations was $2.42, down seven percent versus last year.

  • Second quarter sales were $2,063 million, up eight percent compared to last year
  • Second quarter reported diluted earnings per share from continuing operations was $2.34, down five percent versus last year; adjusted diluted earnings per share from continuing operations was $2.42, down seven percent versus last year
  • Primary drivers in the quarter were improved operational performance, strong pricing and stable demand supported by a healthy consumer while still seeing supply chain challenges constraining dealer inventory, as well as continued inflationary pressures
  • Retail Sales for the quarter were down 23 percent versus last year, primarily driven by supply chain challenges; North America ORV retail was up 13 percent sequentially

Headline financials

Total Revenue

$2.06B

Previous: $2.12B-2.6%
EPS (adj)

$2.42

Previous: $2.70-10.4%
Capital Expenditures

-$119M

Previous: -$114M-4.4%
Free Cash Flow

-$124M

Previous: $44M-381.8%
Net Income

-$4.6M

Previous: $158M-102.9%
Operating Income

$193M

Previous: $215M-10.0%
Gross Profit

$474M

Previous: $551M-14.0%
Cash & Equivalents

$314M

Previous: $289M+8.8%
Total Assets

$5.24B

Previous: $4.53B+15.8%
Stock-Based Comp

$15.5M

Previous: $16.3M-4.9%

Revenue & EPS history

Polaris · Revenue · Quarterly

$2.06B

Q2 2022-2.6%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Polaris · $2.06B total across 3 segments · Q2 2022

  • Off-Road
    $1.49B+13.4%
  • On-Road
    $299M
  • Marine
    $273M+38.2%

Forward guidance

Company expects 2022 sales to increase 13 percent to 16 percent versus prior guidance of 12 percent to 15 percent. The Company now expects adjusted diluted EPS from continuing operations attributed to Polaris Inc. common shareholders to be in the range of $10.10 to $10.30 for the full year 2022, an increase of 11 percent to 14 percent from 2021.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro