With a long track record of delivering profitability, Polaris stands out in a cyclical industry. Polaris (PII 0.63%) has grown into the leading powersports vehicle manufacturer in North America, with its sales rising sixfold since 2000. Over this time, Polaris has more than tripled the total returns of the S&P 500 index. However, over the last decade, it has been an entirely different story. Despite doubling its revenue across the last 10 years, Polaris' total returns have declined by 16% as the market cont ...

Polaris continues to act as a steward for its employees, riders, communities and the outdoors MINNEAPOLIS, May 16, 2024 /PRNewswire/ -- Polaris Inc. (NYSE: PII) today released its 2023 Geared For Good Report detailing Polaris' continued focus on operating in a responsible manner to support its employees, riders, communities where it operates and in the outdoors. Polaris Inc. today released its 2023 Geared For Good Report detailing Polaris' continued focus on operating in a responsible manner to support its ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-11411 POLARIS INC. (Exact name of registrant as specified in its charter) Delaware 41-1790959 (State or other ju ...

财务数据和关键指标变化 - 第一季度销售额为17亿美元,同比下降20%,主要受到去年同期雪地车发货延迟的影响以及经销商库存管理所致 [30] - 调整后EBITDA利润率下降459个基点,主要受到销量下降、促销力度加大和利息费用上升等因素影响 [31][32] - 第一季度调整后每股收益为0.23美元,超出公司最初预期 [33] 各条业务线数据和关键指标变化 - 越野车业务收入下降16%,主要受到上述因素影响,但公司在越野车细分市场份额有所提升 [33][34] - 摩托车业务收入下降14%,主要受到Slingshot和国际市场疲软的影响 [36] - 船舶业务收入下降53%,受到经销商库存过高和利率上升的影响 [38][39] 各个市场数据和关键指标变化 - 北美市场零售下降10%,但剔除雪地车后增长3%,其中工用越野车需求强劲 [10] - 娱乐越野车零售连续6个季度下滑,受到利率上升等经济因素影响 [18][19] - 雪地车销量受到天气因素影响,销量大幅下滑 [20] 公司战略和发展方向及行业竞争 - 公司将继续推出行业领先的创新产品,如新款RANGER和Indian Scout,以增强市场地位 [25][26][27] - 公司将继续与经销商保持密切合作,积极管理经销商库存,确保经销商有合适的产品库存 [24] - 公司将继续推进成本优化计划,预计全年可实现1.5亿美元的运营成本节约 [14][15][16] 管理层对经营环境和未来前景的评论 - 宏观环境仍存在不确定性,公司将保持灵活性调整产能和库存 [53] - 公司有信心通过创新产品、与经销商的良好合作以及成本优化来实现2024年的业绩目标 [55] 其他重要信息 - 公司将继续保持严格的经销商库存管理,包括调整产品组合和配置以满足消费者需求 [23][47] - 公司将维持每股股息派发,并计划通过股票回购抵消股权激励计划的摊薄影响 [42][43] 问答环节重要的提问和回答 问题1 **Craig Kennison 提问** 询问公司对经销商网络健康状况的看法 [58] **Michael Speetzen 回答** 公司密切关注经销商状况,通过自身的库存管理系统和与经销商的密切沟通来积极应对 [59][60][61][62][63][64][65][66] 问题2 **Noah Zatzkin 提问** 询问成本节约计划对利润的影响 [75] **Robert Mack 回答** 全部1.5亿美元成本节约都将体现在利润改善上,随着年内进度的推进将有更大贡献 [76][77][78] 问题3 **Fred Wightman 提问** 询问第二季度的销售和利润预期 [96][97] **Robert Mack 回答** 第二季度销售收入预计与去年持平,但利润有望实现显著改善,受益于成本优化措施 [97][98]

First Quarter 2024 Earnings Presentation April 23, 2024 Safe Harbor & Non-GAAP Measures Except for historical information contained herein, the matters set forth in this [presentation] are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Potential risks and uncertainties include such factors as the Company’s ability to successfully implement its manufacturing operations strategy and supply chai ...

First Quarter 2024 Earnings Results April 23, 2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS • First quarter sales were $1,736 million, down 20 percent compared to last year. • First quarter reported diluted earnings per share was $0.07, down 96 percent versus last year; adjusted diluted earnings per share was $0.23, down 89 percent versus last year. • Primary factors affecting first quarter sales were lower volume and net pricing driven by higher promotional spend partially offset by positive mix. • First quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-11411 POLARIS INC. (Exact name of registrant as specified in its charter) Delaware 41-1790959 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Iden ...

Polaris, Inc. (NYSE: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 - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-11411 POLARIS INC. (Exact name of registrant as specified in its charter) Delaware 41-1790959 (State or othe ...

财务数据和关键指标变化 - 第三季度销售额下降4%，主要由于出货量减少和融资利率上升 [12][27] - 调整后的每股收益（EPS）下降17% [27] - 净利息支出同比上升超过60% [27] 各条业务线数据和关键指标变化 - 在越野（Off Road）业务中，收入增长6%，但娱乐类产品下降约20% [28] - 在公路（On Road）业务中，收入下降19%，但中型摩托车市场份额上升 [30] - 在海洋（Marine）业务中，市场需求减弱，收入受到影响 [32] 各个市场数据和关键指标变化 - 北美零售在第三季度增长5% [12] - 海洋市场的销售指导下调，预计零售增长将放缓 [20] - 越野市场的零售在第四季度预计将增长，主要受雪地摩托的推动 [20] 公司战略和发展方向和行业竞争 - 公司计划在2024年继续投资于创新和改善运营，以应对制造效率低下的问题 [25][46] - 公司在所有三个业务线中实现了市场份额的增长，尤其是在中型摩托车市场 [12][30] - 公司将重点放在高需求的RANGER XD和Polaris XPEDITION产品上 [24][46] 管理层对经营环境和未来前景的评论 - 管理层对消费者信心下降和高利率的影响表示担忧，预计这些因素将持续影响零售 [9][10] - 尽管面临挑战，管理层对新产品的市场反应持乐观态度 [11][46] - 管理层认为，制造效率的改善是未来增长的关键 [25][46] 其他重要信息 - 公司在第三季度的PG&A（零部件、服装和配件）收入创下新高 [27] - 公司现金流状况良好，净杠杆比率为1.7倍 [33] 问答环节所有提问和回答 问题: 对2024年的初步看法 - 管理层预计2024年零售将继续面临压力，但新产品将成为推动因素 [50][51] 问题: 关于公用事业部门的变化 - 管理层指出，商业方面的需求有所减弱，但高端产品仍然保持强劲 [58] 问题: 关于库存水平的反馈 - 管理层表示，库存水平在2019年基础上有所下降，且正在与经销商密切合作以优化库存 [124][125] 问题: 关于海洋市场的消费者行为 - 管理层认为，海洋市场的消费者对高端产品的兴趣依然强烈，但受高利率影响较大 [115][117] 问题: 关于制造效率的改善 - 管理层强调，制造效率的提升是未来增长的关键，正在积极采取措施解决相关问题 [78][80]