A tough consumer market leads to plunging sales.A weak consumer environment is eating into sales at powersports vehicle manufacturer Polaris (PII -8.89%), and the company's stock is feeling the impact.Shares of Polaris traded down 10% as of 1 p.m. ET following a weak earnings report.A challenging retail environmentPolaris is a maker of off-road vehicles, boats, and motorcycles. The company posted third-quarter earnings of $0.73 per share on sales of $1.72 billion, falling short of Wall Street's $0.88 per sh ...

财务数据和关键指标变化 - 第三季度销售额同比下降23%，主要由于公司主动减少经销商库存，导致出货量减少 [16][5] - 调整后的每股收益（EPS）下降73%，毛利率下降184个基点 [7][17] 各条业务线数据和关键指标变化 - 越野车（ORV）销售下降24%，北美零售下降3%，RANGER表现略好于ATV [18][19] - 摩托车销售下降13%，重型摩托车市场表现疲软，但中型摩托车市场保持第一市场份额 [21] - 海洋业务销售下降36%，经销商库存减少约35% [22] 各个市场数据和关键指标变化 - 零售环境持续疲软，第三季度零售下降7%，受通货膨胀和高利率影响 [11][12] - 竞争对手的库存压力导致促销活动增加，影响了市场份额 [7][8] 公司战略和发展方向和行业竞争 - 公司致力于减少经销商库存15%至20%，以应对市场挑战 [24][15] - 公司将继续专注于创新和运营效率，以在市场稳定时超越竞争对手 [6][10] 管理层对经营环境和未来前景的评论 - 管理层对未来零售环境持谨慎态度，预计2025年不会出现显著反弹 [28][31] - 预计消费者需要更多的利率降低和时间来改善财务状况 [11][30] 其他重要信息 - 公司在运营效率方面取得了显著进展，预计将实现约2.8亿美元的运营效率 [25][56] - 公司计划在2025年推出新产品，保持市场竞争力 [10][11] 问答环节所有提问和回答 问题: 关于经销商库存的情况 - 公司表示经销商库存在逐步减少，尽管零售表现不佳，但将继续努力降低库存 [35][39] 问题: 对于2025年的零售展望 - 管理层认为零售可能会继续面临挑战，尚未看到显著的反弹迹象 [40][41] 问题: 关于运营效率的提升 - 公司在运营效率方面取得了超出预期的成果，预计大部分节省将持续 [52][54] 问题: 关于竞争对手的库存情况 - 公司对竞争对手的库存状况有清晰的了解，认为自身在经销商库存管理上处于领先地位 [58][59] 问题: 关于海洋业务的未来 - 公司对海洋业务持乐观态度，认为其仍然是盈利的重要组成部分 [66][68]

Polaris Inc (PII) reported $1.72 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 23.4%. EPS of $0.73 for the same period compares to $2.71 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.77 billion, representing a surprise of -2.88%. The company delivered an EPS surprise of -16.09%, with the consensus EPS estimate being $0.87.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

业绩总结 - 第三季度销售额为17.22亿美元，同比下降23%[8] - 调整后的每股收益为0.73美元，同比下降73%[15] - 2024年第三季度净收入为1,722.4百万美元，较2023年的2,248.9百万美元下降约23.4%[43] - 2024年第三季度的调整后净收入为159.1百万美元，较2023年的282.6百万美元下降约43.7%[43] - 2024年第三季度的调整后每股收益为0.49美元，较2023年的2.62美元下降约81.3%[41] 用户数据 - 北美零售销售下降7%[5] - 国际销售额下降5%[23] - 经销商库存较2023年12月31日下降1%，不包括雪地和青少年产品则下降6%[9] 财务指标 - 调整后的毛利率为20.8%，同比提升184个基点[10] - 调整后的EBITDA利润率为9.2%，同比下降333个基点[13] - 2024年第三季度调整后的EBITDA为159.1百万美元，调整EBITDA利润率为9.2%[43] - 2024年第三季度的调整后总毛利为357.8百万美元，较2023年的508.8百万美元下降约29.6%[46] - 2024年截至9月30日的九个月净现金流为61.9百万美元，较2023年的376.0百万美元下降约83.5%[47] 未来展望 - 预计2024年总销售额约为71.5亿美元，较2023年下降[35] - 2024年资本支出预计为2.75亿美元[36] - 2024年调整后的指导中，重组成本约为2500万美元，涉及的诉讼费用约为1000万美元[49] - 2024年调整后的每股收益和自由现金流未提供具体的GAAP财务指标，因预测相关项目困难[49] 负面信息 - 调整后的EBITDA利润率同比下降333个基点[13] - 2024年第三季度调整后的总毛利较2023年下降约30.3%[46]

Polaris Inc (PII) came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $2.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.09%. A quarter ago, it was expected that this snowmobile and ATV maker would post earnings of $2.27 per share when it actually produced earnings of $1.38, delivering a surprise of -39.21%.Over the last four quarters ...

MINNEAPOLIS, Oct. 22, 2024  /PRNewswire/ -- Polaris Inc. (NYSE: PII) reported third quarter 2024 financial results today through an earnings release posted on the Company's Investor Relations website at ir.polaris.com.  The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and is available at sec.gov.  The Company will also hold a conference call with analysts and investors today at 9:00 a.m. CT.Conference Call and Webcast DetailsThe call and webcast can be accesse ...

Third Quarter 2024 Earnings Results October 22, 2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS • Third quarter sales were $1,722 million, down 23 percent compared to last year. • Third quarter reported diluted earnings per share was $0.49, down 81 percent versus last year; adjusted diluted earnings per share was $0.73, down 73 percent versus last year. • Primary factors affecting third quarter sales were lower volume, product mix, and net pricing driven by elevated promotional activity. • Third quarter market sh ...

In its upcoming report, Polaris Inc (PII) is predicted by Wall Street analysts to post quarterly earnings of $0.87 per share, reflecting a decline of 67.9% compared to the same period last year. Revenues are forecasted to be $1.77 billion, representing a year-over-year decrease of 21.1%.The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates durin ...

Polaris Renewable Energy (TSX: PIF:CA ) shares have long been cheap as investors put too much emphasis on overblown geopolitical fears. With a dirt-cheap valuation, a solid dividend, and multiple potential catalysts, this stock could explode higher as investors Nelson retired from the corporate world at 39 and now manages his own portfolio full-time. His focus is on under covered and unappreciated Canadian dividend stocks, excellent companies at solid values which happen to pay dividends. Analyst's Disclosu ...

Factory Teammate Brock Heger Lands Second Overall, While Polaris-Supported Drivers Wayne Matlock and Branden Sims Drove Their Race-Prepped RZR Pro Rs to Third and Fourth Overall Max Eddy Jr. Finished a Respectable Fifth in Class 1 in his RZR Pro R Factory MINNEAPOLIS, Sept. 17, 2024 /PRNewswire/ -- This past Saturday at the 5th SCORE Baja 400 in Ensenada, Mexico, Polaris continued to assert its dominance in the UTV racing category, securing the top four UTV Overall and Pro UTV Open class positions. Leading ...