Polaris Inc
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
PII$66.62-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In millions, except per share data)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Sales | $1,736.4 | $2,179.7 |
| Cost of sales | 1,406.1 | 1,710.5 |
| Gross profit | 330.3 | 469.2 |
| Operating expenses: | ||
| Selling and marketing | 126.4 | 137.6 |
| Research and development | 87.8 | 96.5 |
| General and administrative | 99.0 | 90.8 |
| Total operating expenses | 313.2 | 324.9 |
| Income from financial services | 21.9 | 16.8 |
| Operating income | 39.0 | 161.1 |
| Non-operating expense: | ||
| Interest expense | 31.9 | 28.3 |
| Other income, net | (0.6) | (12.4) |
| Income before income taxes | 7.7 | 145.2 |
| Provision for income taxes | 3.8 | 31.6 |
| Net income | 3.9 | 113.6 |
| Net income attributable to noncontrolling interest | (0.1) | (0.2) |
| Net income attributable to Polaris Inc. | $3.8 | $113.4 |
| Net income per share attributable to Polaris Inc. common shareholders: | ||
| Basic | $0.07 | $1.98 |
| Diluted | $0.07 | $1.95 |
| Weighted average shares outstanding: | ||
| Basic | 56.9 | 57.4 |
| Diluted | 57.2 | 58.1 |
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