Polaris Industries (NYSE: PII) reported Q1 EPS of $1.29, $0.49 worse than the analyst estimate of $1.78. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $2.1 billion.

GUIDANCE:

Polaris Industries sees FY2022 EPS of $10.10-$10.40, versus the consensus of $10.24. Polaris Industries sees FY2022 revenue of $9.215-9.455 billion, versus the consensus of $9.33 billion.

CEO COMMENTARY

• Sales for this quarter remained relatively flat to last year, depressed by continued supply chain pressures. While much of our focus centers on navigating the highly volatile and challenging supply chain environment, demand for our industry-leading products and services remains healthy, as we continued to see high levels of pre-sold orders and low cancellations, strong short- and long-term repurchase rates, and record levels of PG&A attachments. We are making strategic investments in both innovation and operations to enable our long-term growth plans and productivity needs and strengthen our position as the global leader in powersports. The Polaris team remains laser focused on executing against our plans for this year and delivering for our customers, dealers and shareholders.

For earnings history and earnings-related data on Polaris Industries (PII) click here.