NYSE$PII
Polaris Industries Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Polaris's Q4 2024 earnings were impacted by planned shipment reductions and a subdued retail environment, resulting in decreased sales and earnings per share compared to the previous year.
Polaris Inc. reported a decrease in sales and earnings for the fourth quarter of 2024. Worldwide sales were $1,755 million, a 23% decrease compared to Q4 2023. Reported diluted earnings per share was $0.19, down 90% year-over-year, while adjusted diluted earnings per share was $0.92, a 54% decrease. The primary factors affecting sales were lower volume due to planned reductions in shipments as the company actively managed dealer inventory in a subdued retail environment.
- Fourth quarter sales decreased by 23% to $1,755 million due to lower volume from planned shipment reductions.
- Reported diluted earnings per share decreased by 90% to $0.19, and adjusted diluted earnings per share decreased by 54% to $0.92.
- North America sales decreased by 26% to $1,481 million, representing 84% of total company sales.
- The company anticipates challenging headwinds will carry forward into 2025.
Headline financials
Revenue & EPS history
Polaris · Revenue · Quarterly
$1.76B
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 expects 2025 sales to be down one to four percent versus 2024. The Company expects margin headwinds from negative mix, planned reductions in production leading to negative absorption in addition to the restoration of the Company's employee profit-sharing program. These are expected to be somewhat offset by continued progress with the Company's lean and efficient operations strategy. The Company expects adjusted diluted EPS attributed to Polaris Inc. common stockholders to be down approximately 65 percent versus 2024.
Tailwinds
- Continued progress with the Company's lean and efficient operations strategy.
Headwinds
- 2025 sales expected to be down one to four percent versus 2024.
- Margin headwinds from negative mix.
- Planned reductions in production leading to negative absorption.
- Restoration of the Company's employee profit-sharing program.
- Adjusted diluted EPS attributed to Polaris Inc. common stockholders to be down approximately 65 percent versus 2024.
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 Q4 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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