{"id":6509,"date":"2019-02-01T20:25:18","date_gmt":"2019-02-01T20:25:18","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?p=6509"},"modified":"2019-02-01T20:25:22","modified_gmt":"2019-02-01T20:25:22","slug":"polaris-reports-another-strong-quarter-2","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2019\/02\/01\/polaris-reports-another-strong-quarter-2\/","title":{"rendered":"Polaris Reports Another Strong Quarter"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/04\/ranger-crew-xp-1000-location-12-1024x577.jpg\" alt=\"2019 Polaris Ranger Crew XP 1000 EPS\" class=\"wp-image-5780\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/04\/ranger-crew-xp-1000-location-12-1024x577.jpg 1024w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/04\/ranger-crew-xp-1000-location-12-300x169.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/04\/ranger-crew-xp-1000-location-12-768x433.jpg 768w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/04\/ranger-crew-xp-1000-location-12-500x282.jpg 500w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/04\/ranger-crew-xp-1000-location-12.jpg 1044w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>The <a href=\"https:\/\/www.smallvehicleresource.com\/vehicles\/Polaris-Industries-RangerCrewXP1000EPSBaseModel-2019\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"2019 Polaris Ranger Crew XP 1000 EPS (opens in a new tab)\">2019 Polaris Ranger Crew XP 1000 EPS<\/a> in Sunset Red Metallic is part of the Ranger product line that recently commemorated its 20th anniversary.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Polaris Q4 2018 Earnings Overview<\/h2>\n\n\n\n<p>Polaris reported another strong quarter and full year with 4th quarter sales of $1.6 billion, up 14% from last year. Full year sales topped $6.1 billion, up 12% from the prior year. The ORV\/Snowmobile segment reported sales of $1.1 billion for the quarter, an increase of 7% year over year. The ORV portion declined 2% as the company had a tough comparable with the prior year&#8217;s quarter. On a negative note, management expects tariff and trade war costs to total between $110 to $120 million company wide for fiscal year 2019. They will hit the ORV and Motorcycle businesses the hardest. A significant portion of the Q&amp;A on the call revolved around tariff and trade war costs. A summary of the earnings call highlights related to the STOV market follow.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Polaris Earnings Call Highlights<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Polaris side-by-side retail sales increased mid single digits % while ATV retail sales decreased mid single digits %<\/li><li>Average selling price for the ORV segment increased by 7% but were partially offset by tariff, logistics, and commodity costs<\/li><li>Polaris gained market share in the side-by-side market for the quarter and the full year<\/li><li>Management believes they are gaining share from Japanese competitors and Arctic Cat, now owned by Textron<\/li><li>Global Adjacent Markets revenue increased 4% to $122 million on the strength of commercial, government and defense and Aixam businesses.<\/li><li>Polaris increased wholegood prices 3.5% for the ORV\/Snowmobile segment at the start of 2019 to counter tariff and trade costs<\/li><li>Revenue for ORV\/Snowmobile and Global Adjacent Markets segments are expected to increase mid-single digits % for fiscal year 2019<\/li><li>Management does not expect to enter into electric powered markets until there is large consumer demand. Their response pertained to motorcycles but appears to be their general philosophy.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/seekingalpha.com\/article\/4236446-polaris-industries-inc-pii-ceo-scott-wine-q4-2018-results-earnings-call-transcript?part=single\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Learn more:  Earnings Call Transcript (opens in a new tab)\">Learn more:  Earnings Call Transcript<\/a> (seeking alpha.com)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polaris Q4 2018 Earnings Overview Polaris reported another strong quarter and full year with 4th quarter sales of $1.6 billion, up 14% from last year. Full year sales topped $6.1 billion, up 12% from the prior year. The ORV\/Snowmobile segment &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2019\/02\/01\/polaris-reports-another-strong-quarter-2\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,14,997,23,1829,27],"tags":[948,2711,2712,2713],"class_list":["post-6509","post","type-post","status-publish","format-standard","hentry","category-management","category-market-trends","category-polaris","category-sales-figures","category-side-by-side-2","category-utility-vehicles","tag-orv","tag-quarter-earnings","tag-tariff","tag-trade-war"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/6509"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=6509"}],"version-history":[{"count":6,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/6509\/revisions"}],"predecessor-version":[{"id":6515,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/6509\/revisions\/6515"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=6509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=6509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=6509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}