Polaris reports Q2 adjusted EPS $2.42, consensus $2.21

Reports Q2 revenue $2.22B, consensus $2.14B. The company said, “The Polaris team continued to execute on our 2023 plans with this quarter’s performance being a strong reflection of our ongoing focus and dedication. Improved demand and industry-leading products drove retail growth across our Off Road and On Road segments in the quarter, including a 50 percent increase in On Road retail sales compared to the prior year. Marine sales declined amidst a softer pontoon industry, but the team worked hard to gain modest share in the quarter. We are raising our full-year sales guidance given the strong performance in the first half of the year in Off Road, which is somewhat offset by a decrease in our Marine guidance given a weaker outlook on the industry. As I look into the back half of the year, I’m confident in the Polaris Team’s ability to continue delivering a steady drumbeat of incredible products for our customers and dealers, while driving growth and long-term value for shareholders.”