ZargonDesign/E+ via Getty Images Polaris Inc. (NYSE:PII), the off-road & on-road vehicle and marine manufacturer, reported the company's Q2 results, also slashing the company's 2024 financial guidance dramatically. Yet, the market has now seemingly priced in the industry's headwinds, as the stock reacted relatively neutrally to the dramatic cut. With interest rates now starting to decline, the industry could soon start to see better times ahead after 2024 despite some persisting uncertainties. In my previou ...

Customers Will Now Enjoy A Two-Year Limited Warranty Across the Entire RANGER Lineup RANGER XP 1000 NorthStar Trail Boss Returns and GENERAL 4 1000 Sport Joins the Lineup A Host of Updated Features and Colors & Graphics Deliver a Higher Level of Options & Overall Value MINNEAPOLIS, Aug. 2, 2024 /PRNewswire/ -- Complementing the launch of the redesigned and enhanced RZR Pro lineup, Polaris Off Road today unveiled its 2025 upgrades to the off-road industry's broadest lineup. The 2025 lineup enhancements inclu ...

New Pro Lineup Offers Riders the Toughest RZR Vehicles While Delivering Revived Styling, a Refined Rider Experience and Relentless Race-Proven Durability Upgrades Include Return of Iconic RZR Fang Lighting, New Fresh Cabin Air Intakes and Cab Radiator Deflectors, Refined Dash and Storage, Plus Industry-First Heated and Vented Seats MINNEAPOLIS, Aug. 2, 2024 /PRNewswire/ -- Polaris Off Road, the leader in innovation, today announces the redefined 2025 RZR Pro lineup, featuring the race-inspired toughness of ...

MINNEAPOLIS, July 25, 2024 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.66 per share payable on September 16, 2024 to shareholders of record at the close of business on September 3, 2024. As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris' ...

The way I typically compare the stock to the risk-free altemative is to answer the question, "at what rate will the dividend need to grow to make the cash received by shareholders equal to the cash received by Treasury Note holders?" If the rate is excessive, I eschew the stock and put eapital to work in the Treasury Note. Financial Snapshot START and and and and and and and and and and and and and and and and and and the world of the first I p Polaris Overview Before getting into the most recent quarter, I ...

业绩总结 - 2024年第二季度北美零售下降了8%[5] - 销售额为1,961亿美元，同比增长12%[6] - 调整后的毛利率为21.8%，较去年增长99个基点[6] - 调整后的EBITDA利润率为10.1%，较去年增长188个基点[6] - 调整后的每股收益为1.38美元，较去年下降43%[6] 用户数据 - 北美ORV零售持平，RANGER表现强劲，而ORV娱乐连续第七个季度下降[20] - 北美印第安摩托车零售同比下降约20%，国际摩托车行业下降约15%[46] - 水上运动产品销售额为1.34亿美元，同比增长40%[54] 未来展望 - 公司计划到年底将经销商库存降低15%至20%[25] - 公司预计2024年全年销售额将下降17%至20%[66] - 2024年下半年销售业绩预期下调，主要受Q2表现和下半年预期影响[70] 新产品和新技术研发 - 船舶销量下降，零售低于原先预期，负面的工厂吸收[71] - 公司更新的指导证实了与经销商合作的决定，确保有价值的经销商关系[81]

财务数据和关键指标变化 - 第二季度销售额下降12%,受到宏观经济和行业不利因素的影响 [9][41] - 毛利率受到较低净价和较高促销活动的压力,但公司通过提高制造效率部分抵消了这些影响 [42][43] - 公司已采取成本削减措施,包括裁员8%和减少差旅等可控支出,预计可带来1亿美元的持续性成本优化 [14][15] 各条业务线数据和关键指标变化 - 越野车业务销售下降6%,主要受到销量下降和较高促销活动的影响 [43][44] - 摩托车业务销售下降19%,主要受重型摩托车细分市场疲软影响 [47][48] - 船舶业务销售下降40%,受到经销商库存较高和利率上升的影响 [49] 各个市场数据和关键指标变化 - 北美市场需求疲软,公司正在采取措施降低经销商库存水平 [39][57] - 国际市场需求也普遍疲软,但占公司收入比重较小 [159][160] 公司战略和发展方向及行业竞争 - 公司保持专注于动力运动装备业务,剥离了一些非核心业务 [21][22] - 公司持续加大创新投入,推出多款新产品,如全电动RANGER XP Kinetic等 [23][24] - 公司正在提升制造和供应链效率,如近岸外包、提高生产计划执行率等 [25][26][27] - 公司维持中长期财务目标不变,但时间点可能推迟,需要等待市场环境更清晰 [19][20] 管理层对经营环境和未来前景的评论 - 宏观经济环境持续低迷,消费者信心下降,大型可选消费品需求疲软 [29][30] - 经销商库存水平较高,受到较高融资成本的影响,正在积极降低库存 [30][31][32] - 公司将继续密切关注市场动态,并根据零售表现调整生产计划 [16][39] - 公司对长期发展前景保持乐观,相信通过创新和提升运营效率可以实现目标 [73] 其他重要信息 - 公司将为经销商提供数月免费库存融资支持,以帮助他们渡过当前困难时期 [38][39] - 公司预计2024年销售额将下降17%-20%,调整后每股收益将下降超过50% [55][62] 问答环节重要的提问和回答 问题1 **分析师提问** 询问公司对各细分市场的库存管理计划和未来预期 [129][172] **公司回应** 公司正在积极降低经销商库存,目标是将存货水平降低15%-20%,将存量降至历史较低水平,为未来恢复增长做好准备 [173][174][175] 问题2 **分析师提问** 询问公司在成本优化方面的计划和可持续性 [184][185] **公司回应** 公司已实施150百万美元的成本优化计划,包括制造效率提升和精简运营开支,这些优化举措将持续带来收益,为公司未来恢复增长做好准备 [186][187][188] 问题3 **分析师提问** 询问公司在销量恢复后是否能够完全收回本次下调的成本 [189][190] **公司回应** 如果销量恢复到3%-5%的历史增速水平,公司大部分因销量下降而产生的成本压力都将得到缓解,但促销费用水平的恢复存在不确定性 [191][192][193][194][195][196][197][198][199]

Table of Contents FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware 41-1790959 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 2100 Highway 55, Medina MN 55340 (Address of principal executive offices) (Zip Code) (763) 542-0500 (Registrant's telephone number, including area code) N/A (Former name, former address and former fiscal year, if change ...

Polaris Inc (PII) came out with quarterly earnings of $1.38 per share, missing the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.42 per share a year ago. These figures are adjusted for nonrecurring items. Polaris Inc, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $1.96 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 8.53%. This compares to year-ago revenues of $2.22 billion. The company has topped consensus reven ...

MINNEAPOLIS, July 23, 2024 /PRNewswire/ -- Polaris Inc. (NYSE: PII) reported second 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 Details The call and webcast can be accesse ...