Polaris Reports Strong Q4 Earnings, Exceeding Expectations
MEDINA, Minn. - Polaris Inc. (PII) announced net income of $10.6 million for its fourth quarter, translating to 19 cents per share. Excluding asset impairment and restructuring costs, adjusted earnings per share reached 92 cents, surpassing Wall Street estimates of 88 cents per share.
Revenue for the quarter totaled $1.76 billion, also outperforming analyst forecasts of $1.69 billion. For the full year, Polaris reported a profit of $110.8 million ($1.95 per share) on revenue of $7.18 billion.