NYSE$PII
Polaris Industries Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Polaris' third quarter earnings were released, revealing a 32% increase in sales compared to the previous year, driven by higher volumes, strong pricing, and favorable mix, despite continued supply chain challenges and softness in Recreation Off-Road demand.
Polaris Inc. reported a strong third quarter with sales up 32% to $2,341 million. Diluted EPS increased by 69% to $3.17, and adjusted diluted EPS rose by 64% to $3.25. The results were driven by increased shipment volumes, higher pricing, and favorable product mix, with North America sales increasing by 35% and international sales by 10%.
- Third quarter sales were $2,341 million, up 32 percent compared to last year
- Third quarter reported diluted earnings per share from continuing operations was $3.17, up 69 percent versus last year; adjusted diluted earnings per share from continuing operations was $3.25, up 64 percent versus last year
- Primary drivers in the quarter were higher volumes, strong pricing and favorable mix, supported by modest sequential improvement in supply chain
- Retail sales for the quarter were down eight percent versus last year despite strong performance in Motorcycles, primarily driven by continued supply chain challenges and softness in Recreation Off-Road demand
Headline financials
Revenue & EPS history
Polaris · Revenue · Quarterly
$2.34B
Revenue by segment
Polaris · $2.34B total across 3 segments · Q3 2022
- Off-Road$1.75B+44.5%74.6%
- On-Road$334M—14.3%
- Marine$260M—11.1%
Forward guidance
The Company now expects 2022 sales to increase 15 percent to 16 percent versus prior guidance of 13 percent to 16 percent. The Company 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, unchanged from prior guidance.
Tailwinds
- Expected 2022 sales increase of 15% to 16%
- Adjusted diluted EPS from continuing operations expected between $10.10 and $10.30 for 2022
- Strong pricing strategy
- Easing supply chain headwinds
- Diverse portfolio
Headwinds
- Continued supply chain challenges
- Softness in Recreation Off-Road demand
- Potential shifts in consumer behavior
- New market dynamics
- Recessionary conditions
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 Q3 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
| 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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