Polaris, Inc. (NYSE:PII) Q3 2022 Earnings Conference Call October 25, 2022 10:00 AM ET

Company Participants

J.C. Weigelt - VP, IR

Michael Speetzen - CEO & Director

Robert Mack - CFO, EVP, Finance & Corporate Development

Conference Call Participants

Joseph Altobello - Raymond James & Associates

Craig Kennison - Robert W. Baird & Co.

Robin Farley - UBS

Xian Siew - BNP Paribas

Frederick Wightman - Wolfe Research

Jaime Katz - Morningstar

David MacGregor - Longbow Research

Brandon Rollé - D.A. Davidson & Co.

James Hardiman - Citigroup

Anna Glaessgen - Jefferies

Gerrick Johnson - BMO Capital Markets

Operator

Good day, and welcome to the Polaris Third Quarter 2022 Earnings Call and Webcast. [Operator Instructions].

Please note this event is recorded. I would now like to turn the conference over to Mr. J.C. Weigelt. Please go ahead, sir.

J.C. Weigelt

Thank you, Chuck, and good morning or afternoon, everyone. I'm J.C. Weigelt, Vice President of Investor Relations at Polaris. Thank you for joining us for our 2022 Third Quarter Earnings Call. We will reference a slide presentation today, which is accessible on our website at ir.polaris.com.

Joining me on the call today are Michael Speetzen, our Chief Executive Officer; and Bob Mack, our Chief Financial Officer. Both have prepared remarks summarizing the quarter and our expectations for 2022 as well as some early thoughts on 2023, then we'll take some questions.

During the call, we will be discussing various topics, which should be considered forward-looking for the purpose of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projections in the forward-looking statements. You can refer to our 2021 10-K for additional details regarding risks and uncertainties. All references to third quarter actual results and 2022 guidance are for our continuing operations and are reported on an adjusted non-GAAP basis unless otherwise noted.

Please refer to our Reg G reconciliation schedules at the end of the presentation for the GAAP to non-GAAP adjustments.

Now, I will turn the call over to Mike Speetzen. Go ahead, Mike.

Michael Speetzen

Thanks, J.C. Good morning, everyone, and thank you for joining us today. I want to start off with our third quarter results, which reflect record quarterly revenue of $2.3 billion and while not a record adjusted EPS of $3.25, grew nicely at 64%. This is a testament of the hard work and dedication of our global teams from supply chain to sales, corporate functions and manufacturing. Everyone played a role in achieving these results.