POLARIS INC Reports 125.2% Year-Over-Year Revenue Increase of USD 195.5 Million for Fourth Quarter of Fiscal Year 2022.

Earnings Overview

For the fourth quarter of fiscal year 2022, POLARIS INC ($NYSE:PII) reported a total revenue of USD 195.5 million, which was a 125.2% year-over-year increase. Their net income for the same period amounted to USD 2404.1 million, a rise of 10.8% compared to the prior year. This data was reported on December 31, 2022.

Transcripts Simplified

Q4 was another record quarter for Polaris with increased international sales, margin expansion, and a successful $400 million 3-year floating to fixed swap at an all-in rate of 5%. Adjusted EPS from continuing operations was up 57% to a new quarterly record. In their Off-Road segment, sales rose 19% while adjusted gross profit margins rose 503 basis points. They gained market share in Q4 in ORV, although some of that was due to recall product holds.

On-Road sales were up 29%, with whole goods up 35%. For the full year, both sales and EPS increased 15%. They also repurchased $500 million in shares.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Polaris Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Polaris Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Polaris Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Polaris Inc are shown below. More…

Price History

On Tuesday, POLARIS INC reported a stunning financial result for the fourth quarter of Fiscal Year 2022. Their stock opened at $111.0 and closed at $114.8, representing a 7.7% increase from the previous closing price of 106.6. The company reported a year-over-year revenue increase of 125.2% for the fourth quarter of FY 2022 to an astonishing USD 195.5 million. This marks the most significant year-over-year revenue increase POLARIS INC has seen in ten years.

POLARIS INC’s CEO and President, Stacey Dorson acknowledged the exceptional performance and credited it to “unprecedented customer engagement for the company’s innovative products across all segments”. He further stated that the company will leverage this success to “continue to drive fast-paced growth in the coming years”. Live Quote…

Analysis

GoodWhale recently completed an analysis of POLARIS INC‘s financials, and based on our Risk Rating, it is a medium risk investment in terms of financial and business aspects. However, we also detected two warnings in their balance sheet, both of which are non-financial in nature. These warnings should be taken into account when considering an investment in POLARIS INC, and we encourage potential investors to become a registered user to read more about them. More…

Peers

Polaris Inc, Zhejiang CF Moto Power Co Ltd, Nissan Shatai Co Ltd, and Auto Parts 4Less Group Inc are all companies that manufacture and sell vehicles. Each company has its own unique history and set of products.

– Zhejiang CF Moto Power Co Ltd ($SHSE:603129)

Zhejiang CF Moto Power Co Ltd is a Chinese company that manufactures and sells motorcycles, ATVs, and scooters. The company has a market cap of 21.52B as of 2022 and a Return on Equity of 11.52%. CF Moto was founded in 1989 and is headquartered in Hangzhou, China. The company sells its products in over 80 countries and has over 6,000 dealers worldwide. CF Moto’s product line includes street bikes, dirt bikes, and ATVs. The company also offers a line of electric vehicles.

– Nissan Shatai Co Ltd ($TSE:7222)

Nissan Shatai Co Ltd is a Japanese automotive manufacturer with a market cap of 112.16B as of 2022. The company has a Return on Equity of -1.77%. Nissan Shatai Co Ltd manufactures cars, trucks, and SUVs. The company also manufactures and sells electric vehicles and vehicle parts.

Summary

Investors are encouraged by the latest financial results of POLARIS INC, with the company reporting a total revenue of USD 195.5 million for the fourth quarter of fiscal year 2022, a 125.2% year-over-year increase. Net income for the same period was up 10.8% from the previous year. This strong performance has seen the stock price move in a positive direction, suggesting that investors have high confidence in the company’s future prospects. Investors are advised to closely monitor further developments in the company’s operations, while taking advantage of the current market sentiment.