Polaris Inc

For the period ended Jun 30, 2024. Filed Jul 23, 2024.

About this filing

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.

Jun 30, 2024 · Filed Jul 23, 2024

PII$66.62-0.8%Stored close · as of Nov 10, 2026

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Consolidated Statements of Income

(In millions, except per share data)

	Three months ended June 30,		Six months ended June 30,
	2024	2023	2024	2023
Sales	$1,961.2	$2,216.6	$3,697.6	$4,396.3
Cost of sales	1,537.2	1,711.6	2,943.3	3,422.1
Gross profit	424.0	505.0	754.3	974.2
Operating expenses:
Selling and marketing	132.6	132.6	259.0	270.2
Research and development	86.8	93.2	174.6	189.7
General and administrative	110.4	103.8	209.4	194.6
Total operating expenses	329.8	329.6	643.0	654.5
Income from financial services	25.5	20.6	47.4	37.4
Operating income	119.7	196.0	158.7	357.1
Non-operating expense:
Interest expense	34.6	31.4	66.5	59.7
Other income, net	(0.8)	(8.1)	(1.4)	(20.5)
Income before income taxes	85.9	172.7	93.6	317.9
Provision for income taxes	17.0	38.4	20.8	70.0
Net income	68.9	134.3	72.8	247.9
Net income attributable to noncontrolling interest	(0.2)	—	(0.3)	(0.2)
Net income attributable to Polaris Inc.	$68.7	$134.3	$72.5	$247.7
Net income per share attributable to Polaris Inc. common shareholders:
Basic	$1.21	$2.35	$1.28	$4.32
Diluted	$1.21	$2.32	$1.27	$4.28
Weighted average shares outstanding:
Basic	56.6	57.2	56.7	57.3
Diluted	56.9	57.8	57.0	57.9

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