Polaris Inc. released its fourth-quarter and full-year 2024 financial results on January 28, 2025. For Q4, the company reported net income of $10.6 million, or $0.19 per share, with adjusted EPS reaching $0.92 per share, surpassing the average analyst estimate of $0.88. Revenue for the quarter was $1.76 billion, also exceeding Street forecasts of $1.69 billion.
Despite the beats in the fourth quarter, Polaris indicated a challenging outlook for the upcoming year, expecting sales to fall again in 2025. For the full year 2024, the company reported a profit of $110.8 million, or $1.95 per share, on revenue of $7.18 billion.
The mixed results, with a Q4 beat on adjusted metrics but a negative sales forecast for 2025, reflect ongoing market uncertainties. Investors will be closely watching how Polaris navigates the anticipated sales decline and implements strategies to return to growth in the powersports industry.
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