Polaris reports Q1 adjusted EPS 23c, consensus 6c

Reports Q1 revenue $1.74B, consensus $1.75B. The company said, “Our sales results for the first quarter were in line with our expectations and adjusted EPS came in above plan. With our competitive product portfolio, we gained share in ORV, motorcycles and Marine, and the recent launches in our best-selling full-size RANGER and Indian Scout lineups reflect our strategic focus on Rider-Driven Innovation. While we continue to see strength within our Off Road Utility business, Snow was particularly challenging given poor winter conditions and trends in more recreational categories continued to be soft. Looking forward in the year, our focus remains on sound execution in spite of the uncertain macro environment, from managing dealer inventory and delivering for customers, to making continued progress with operational improvements and driving profitable growth.”