The 10-second takeaway
For the quarter ended June 30 (Q2), Polaris Industries met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew significantly.
Margins increased across the board.
Polaris Industries booked revenue of $844.8 million. The 12 analysts polled by S&P Capital IQ hoped for revenue of $847.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $763.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.13. The 12 earnings estimates compiled by S&P Capital IQ anticipated $1.11 per share. GAAP EPS of $1.13 for Q2 were 15% higher than the prior-year quarter's $0.98 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.8%, 130 basis points better than the prior-year quarter. Operating margin was 14.7%, 20 basis points better than the prior-year quarter. Net margin was 9.3%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 337 members out of 375 rating the stock outperform, and 38 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give Polaris Industries a green thumbs-up, and nine give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Polaris Industries. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.