=Polaris Industries (PII) reported earnings on Tue 24 Jan 2017 (b/o)

Polaris Industries reports Q4 EPS in line; beats on revs; guides FY17 EPS below consensus, revs in-line :

• Reports Q4 (Dec) earnings of $1.17 per share in line with the Capital IQ Consensus of $1.17; revenues rose 10.1% year/year to $1.22 bln vs the $1.09 bln Capital IQ Consensus.
• Co issues guidance for FY17, sees EPS of $4.25-4.50, excluding non-recurring items, vs. $5.03 Capital IQ Consensus Estimate; sees FY17 revs of ~10-13% to ~$4.97-5.10 bln vs. $5.06 bln Capital IQ Consensus Estimate.
• As a percentage of sales, gross profit margin was 25.7 percent compared with 28.1 percent of sales for the fourth quarter of 2015.
• Adjusted gross profit was $321.6 million, or 26.4 percent of sales ORV dealer inventory was down 11%, year-over-year; total dealer inventory was down 8%.