PII - Polaris Non-GAAP EPS of $2.05 beats by $0.34 revenue of $2.18B beats by $220M
2023-04-25 06:06:46 ET
- Polaris press release ( NYSE: PII ): Q1 Non-GAAP EPS of $2.05 beats by $0.34 .
- Revenue of $2.18B (+11.2% Y/Y) beats by $220M .
- The company continues to expect 2023 sales to be flat to up five percent versus 2022.
- The company continues to expect adjusted diluted EPS from continuing operations attributed to Polaris Inc. common shareholders to be down three percent to up three percent versus 2022.
- CEO comment: "We started the year off strong delivering on our sales, margin and EPS expectations, as well as share gains across the portfolio. In January, we promised 2023 would bring industry-leading vehicle news, and with the recent launch of our fully redesigned RZR XP and production underway of our all-electric RANGER XP Kinetic, we are just getting started on that commitment and believe we will continue this momentum throughout the year. While retail remains mixed, we are seeing good signs within the business as we enter the spring selling season. We remain agile and confident in our ability to execute against our plans, drive profitable growth and bring compelling offerings to dealers and customers in 2023."
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Polaris Non-GAAP EPS of $2.05 beats by $0.34, revenue of $2.18B beats by $220M