Polaris Industries (PII) Tops Q1 EPS by 52c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus

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Go back to Polaris Industries (PII) Tops Q1 EPS by 52c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus

Polaris First Quarter 2021 Earnings Results

April 27, 2021 5:00 AM EDT

Financial and Operational Highlights

First quarter reported and adjusted sales increased 39% to $1,951 million

First quarter reported net income was $2.11 per share; adjusted net income for the same period was $2.30 per share

Gross profit margin, reported and adjusted, for the first quarter was 24.6% and 24.7%, up 378 basis and 352 basis points over the prior year, respectively. The increase was primarily due to lower promotional costs, partially offset by costs related to supplier constraints

North American retail sales increased 70% for the quarter compared to last year driven by... More