NYSE$PII
Polaris Industries Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Polaris's third quarter sales and earnings decreased due to lower volume, product mix, and net pricing driven by elevated promotional activity.
Polaris Inc. reported a decrease in sales and earnings for the third quarter of 2024. Worldwide sales were $1,722 million, a 23% decrease compared to the third quarter of 2023. Reported diluted earnings per share was $0.49, down 81% versus last year; adjusted diluted earnings per share was $0.73, down 73% versus last year.
- Third quarter sales were $1,722 million, down 23 percent compared to last year.
- Third quarter reported diluted earnings per share was $0.49, down 81 percent versus last year; adjusted diluted earnings per share was $0.73, down 73 percent versus last year.
- Primary factors affecting third quarter sales were lower volume, product mix, and net pricing driven by elevated promotional activity.
- Polaris lowered full year 2024 Company sales and adjusted earnings guidance.
Headline financials
Revenue & EPS history
Polaris · Revenue · Quarterly
$1.72B
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
The Company updated its 2024 sales outlook to be down approximately 20 percent relative to 2023 versus its previous outlook of down 17 to 20 percent relative to 2023. The Company now expects adjusted diluted EPS attributed to Polaris Inc. common shareholders to be down approximately 65 percent relative to 2023 versus the prior outlook of down 56 to 62 percent.
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 2024
-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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