Polaris reports Q4 adjusted EPS $1.98, consensus $2.60

Reports Q4 revenue $2.29B, consensus $2.24B. The company said, “We came into 2023 confident in our industry-defining innovation and compelling product portfolios, enabling us to win the share battle across our segments within a complicated environment. Earnings per share performance came in below our expectations due to unexpected operational challenges; however, the team has identified and has already begun making meaningful progress on our efficiency and margin initiatives for 2024 and beyond. As reflected in our outlook, segments of our industry are expected to remain challenged in 2024, but we believe we will continue to capture market share with our robust lineup and new products coming later this year. The Polaris team’s relentless efforts remain focused on delivering the most innovative products in the industry, unmatched customer experiences and stronger operating fundamentals.”