🔹 Revenue: $1.85B (Est. $1.72B) 🟢; DOWN -6% YoY
🔹 Adj. EPS: $0.40 (Est. -$0.02) 🟢
Guidance
🔹 Q3 Revenue: $1.6B–$1.8B (Est. $1.67B) 🟢
🔹 Full-year guidance withheld due to macro uncertainty
Q2 Segment:
Off Road
🔹 Revenue: $1.41B; DOWN -8% YoY
🔹 Gross Margin: 20.5%; DOWN -55 bps YoY
On Road
🔹 Revenue: $289M; DOWN -1% YoY
🔹 Gross Margin: 19.4%; DOWN -146 bps YoY
Marine
🔹 Revenue: $155M; UP +16% YoY
🔹 Gross Margin: 17.1%; DOWN -317 bps YoY
Other Q2 Metrics:
🔹 Adj. EBITDA Margin: 6.4%; -366 bps YoY
🔹 Adj. Gross Margin: 19.5%; -232 bps YoY
🔹 Operating Cash Flow (YTD): >$400M
CEO Commentary
🔸 “There are many successes in the quarter to celebrate—revenue exceeded expectations, market share gains, record Q2 cash flow, and surpassing pre-pandemic plant efficiency benchmarks.”
🔸 “Today’s endeavors build tomorrow’s successes—we expect Polaris is well-positioned to emerge stronger and achieve long-term plans for growth, innovation, and greater earnings power.” – Mike Speetzen, CEO