Polaris Industries (PII) Tops Q3 EPS by 47c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus
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Polaris 2020 Third Quarter Results
October 27, 2020 5:00 AM EDTFinancial and Operational Highlights
Third quarter reported and adjusted sales increased 10% to $1,955 million and $1,953 million, respectively
Third quarter reported net income was $2.66 per share; adjusted net income for the same period was $2.85 per share
North American retail sales increased 15% for the quarter compared to last year led by strength in ORV, Motorcycles and Snow. Boats retail sales were also strong during the quarter.
Gross profit margin for the third quarter was 27.3%, up 270 basis points over prior year. Adjusted gross profit margin was 27.5%, up... More
