Polaris Inc

For the period ended Sep 30, 2024. Filed Oct 22, 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.

Sep 30, 2024 · Filed Oct 22, 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 September 30,		Nine months ended September 30,
	2024	2023	2024	2023
Sales	$1,722.4	$2,248.9	$5,420.0	$6,645.2
Cost of sales	1,367.8	1,740.1	4,311.1	5,162.2
Gross profit	354.6	508.8	1,108.9	1,483.0
Operating expenses:
Selling and marketing	127.6	145.1	386.6	415.3
Research and development	84.1	91.8	258.7	281.5
General and administrative	100.9	91.3	310.3	285.9
Total operating expenses	312.6	328.2	955.6	982.7
Income from financial services	24.1	20.5	71.5	57.9
Operating income	66.1	201.1	224.8	558.2
Non-operating expense:
Interest expense	36.2	32.5	102.7	92.2
Other income, net	(5.1)	(13.1)	(6.5)	(33.6)
Income before income taxes	35.0	181.7	128.6	499.6
Provision for income taxes	7.4	30.2	28.2	100.2
Net income	27.6	151.5	100.4	399.4
Net loss (income) attributable to noncontrolling interest	0.1	0.2	(0.2)	—
Net income attributable to Polaris Inc.	$27.7	$151.7	$100.2	$399.4
Net income per share attributable to Polaris Inc. common shareholders:
Basic	$0.49	$2.66	$1.77	$6.98
Diluted	$0.49	$2.62	$1.76	$6.90
Weighted average shares outstanding:
Basic	56.2	57.0	56.6	57.2
Diluted	56.5	57.8	56.9	57.9

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