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This statistic highlights Polaris Inc’s Revenue Breakdown Worldwide from Q1 2016 onwards, split across APLA, Canada, EMEA, and the US, reported on a quarterly basis.
The company’s reportable sections are predicated on the company’s approach of internal reporting, which generally segregates the operating parts by product line, inclusive of wholefoods and PG&A.
These results aren’t necessarily signs of the results of operations that would have occurred had each section been an independent, stand-alone reality during the periods presented. They use technical installations for matching machines, exhaust systems, and clutch performance parameters in their products to achieve desired fuel consumption, power output, noise level, and other objectives.
|Revenue by Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
During Q2 2021 the company has shown a significant increase concerning Q3 2020 but has declined in Q3 2021 from Q2 2021. The total revenue has shown an increase of $4.9 million, from $1,954 million in Q3 2020 to $1959.50 million in Q3 2021, making an increment of about 0.25% on a year-on-year basis. However, it decreased by 7.44% on a quarter-on-quarter basis, from $2,117.2 billion in Q2 2021 to $1,959.5 billion in Q3 2021. Moreover, for the latest quarter of 2021, 80.10% of the total revenue has been generated in the United States.
The Asia Pacific and Latin America region contributes nearly about 3.94% to the total revenue of the company in Q3 2021. It witnessed an increase of $20.1 million, from $57.10 million in Q3 2020 to $77.20 million in Q3 2021, marking an increase of 35.2% on a year-on-year basis. It declined by 22.22% on a quarter-on-quarter basis, from $99.2 million in Q2 2021 to $77.2 million in Q3 2021.
The ORV industry in Canada is largely competitive. As an ORV original equipment manufacturer (OEM), Polaris Inc.’s competition primarily comes from North American and Asian manufacturers. Competition in similar markets is grounded upon several factors, including price, quality, trustability, styling, product features, and guarantees.
The revenue generated from Canada has contributed 7.34% of the total revenue of the company. It increased 30.25% on a year-on-year basis. It has declined by4.06 % on a quarterly basis, as compared to $149.9 million in Q2 2021.
Global neighbouring markets deals, inclusive of PG&A deals, increased 37 percent and 50 percent for the quarter and year-to-date periods, respectively. The increases were driven by increases in demand in North America, Europe, Middle East and Africa (EMEA). Trades to customers outside of North America increased 15 percent for the quarter and 47 percent for the year-to-date period.
Increasing from $145.70 in Q3 2020 to $168.90 in Q3 2021, it has shown an incline of 15.9% on a year-on-year basis. It declined by 20.25% on a quarterly basis, as compared to $211.8 million in Q2 2021.
The company vends out snowmobiles directly to a network of around 600 dealers in North America, primarily located in the Snowbelt regions of the United States. They have signed agreements with certain financial institutions under which fiscal institutions give retail credit backing to end consumers of their products in the United States. A subsidiary of TCF Financial Corporation (“ TCF”) finances a portion of their United States deals of boats whereby they admit a payment within many days of shipment of the product.
The majority of the revenue is generated from the United States, accounting for 80.10% of the total revenue in Q3 2021. There has been a decline of 1.1% on a year-on-year basis, from $1,641.40 in Q3 2020 to $1,659.60 in Q3 2021. It also declined by 5.25% on a quarter-on-quarter basis as compared to $1,656.3 million in Q2 2021.
Polaris was innovated in 1954 in Roseau, Minnesota, where it still has engineering and manufacturing operations. Polaris Inc. is a leader in Powersports and is known to millions of people around the world as they offer a different portfolio of products including boats, off-road vehicles, marketable vehicles, motorcycles, and more. Their products include All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and avail use, Snowmobiles, Motorcycles, etc. The common stock of the company is publicly traded on NYSE under the symbol “PII”.
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