Polaris 2020 Second Quarter Results
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Polaris Industries (PII) Tops Q2 EPS by 67c, Revenues Beat; Offers Updated FY20 EPS/Revenue Guidance Above Consensus
July 28, 2020 6:09 AM EDTPolaris Industries (NYSE: PII) reported Q2 EPS of $1.30, $0.67 better than the analyst estimate of $0.63. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.37 billion.
Financial and Operational Highlights
Second quarter reported and adjusted sales decreased 15% to $1,512 million and $1,510 million, respectivelySecond quarter reported net loss was $3.82 per share; adjusted net income for the same period was $1.30 per shareNorth American retail sales increased 57% for the quarter compared to last year with both ORV and Motorcycle retail sales up significantlyDealer inventory levels decreased 47% given the strong retail sales... More