PII - Polaris Inc. (PII) Q4 2023 Earnings Call Transcript
2024-01-30 15:45:08 ET
Polaris, Inc. (PII)
Q4 2024 Earnings Conference Call
January 30, 2024 11:00 AM ET
Company Participants
J.C. Weigelt - Vice President, Investor Relations
Michael Speetzen - Chief Executive Officer
Robert Mack - Chief Financial Officer and Executive Vice President of Finance and Corporate Development
Conference Call Participants
Fred Wightman - Wolfe Research
Megan Alexander - Morgan Stanley
Craig Kennison - Baird
Joseph Altobello - Raymond James
Tristan Thomas-Martin - BMO Capital Markets
Sabahat Khan - RBC Capital Markets
Robin Farley - UBS
David MacGregor - Longbow Research
Jaime Katz - Morningstar
Presentation
Operator
Hello, and welcome to the Polaris Q4 and Full-Year 2023 Earnings Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions].
I would now like to hand the call to J.C. Weigelt. Please go ahead.
J.C. Weigelt
Thank you, MJ, and good morning or afternoon, everyone. I'm J.C. Weigelt, Vice President of Investor Relations at Polaris. Thank you for joining us for our 2023 fourth quarter and full-year earnings call. We will reference a slide presentation today, which is accessible on our website at ir.polaris.com.
Joining me on the call today are Mike Speetzen, our Chief Executive Officer; and Bob Mack, our Chief Financial Officer. Both have prepared remarks summarized in the fourth quarter and full-year as well as our expectations for 2024. Then we'll take your questions.
During the call, we will be discussing various topics, which should be considered forward-looking for the purpose of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projections in the forward-looking statements. You can refer to our 2022 10-K for additional details regarding risks and uncertainties. All references to the fourth quarter and full-year 2023 actual results and 2024 guidance for our continuing operations and are reported on an adjusted non-GAAP basis, unless otherwise noted. Please refer to our Reg G reconciliation schedules at the end of the presentation for the GAAP to non-GAAP adjustments.
Now I will turn it over to Mike Speetzen. Go ahead, Mike.
Michael Speetzen
Thanks, J.C. Good morning, everyone, and thank you for joining us today. After what could only be categorized as a turbulent year, we ended 2023 with share gains across all three of our segments. While there was plenty that went right and aligned to the execution of our longer-term strategy, we faced several challenges, particularly in the fourth quarter as costs continue to run higher than we anticipated, which drove a miss to our margin and EPS guidance....
Polaris Inc. (PII) Q4 2023 Earnings Call Transcript