Polaris Industries (PII) Tops Q2 EPS by 52c, Updates Guidance
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Polaris Second Quarter 2021 Earnings Results
July 27, 2021 5:00 AM EDTFinancial and Operational Highlights
Second quarter reported and adjusted sales increased 40% to $2,117 million, a second quarter sales record
Second quarter reported net income was $2.52 per share; adjusted net income for the same period was $2.70 per share
Gross profit margin, reported and adjusted, for the second quarter was 26.0% and 26.1%, up 403 and 311 basis points over the prior year, respectively. The increase was primarily due to lower promotional costs and increased pricing, partially offset by increased input costs including supply chain constraints, logistic, labor and commodity prices
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