PII - Polaris Non-GAAP EPS of $2.42 beats by $0.19 revenue of $2.22B beats by $70M
2023-07-25 06:05:19 ET
- Polaris press release ( NYSE: PII ): Q2 Non-GAAP EPS of $2.42 beats by $0.19 .
- Revenue of $2.22B (+7% Y/Y) beats by $70M .
- The Company reported worldwide sales of $2,217 million, up seven percent versus the second quarter of 2022. North America sales of $1,883 million represented 85 percent of total company sales and increased eight percent from $1,748 million in 2022. International sales of $333 million represented 15 percent of total company sales and increased six percent versus the second quarter of 2022. Total Company sales growth in the second quarter of 2023 was driven by higher shipment volumes, primarily driven by Off Road and Indian Motorcycle, as well as favorable net pricing.
- The Company updated its 2023 sales outlook to up three percent to six percent versus its previous outlook of flat to up five percent versus 2022. The Company now expects adjusted diluted EPS from continuing operations attributed to Polaris Inc. common shareholders to be down two percent to up three percent versus 2022 versus the prior outlook of down three percent to up three percent.
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Polaris Non-GAAP EPS of $2.42 beats by $0.19, revenue of $2.22B beats by $70M