Third Quarter 2023 Earnings Presentation
Marine Q3 Summary
Q3 Results & Y/Y Change
Sales:
$134M
48%
•
Gross Profit
Margin:
18.1%
⇓338 bps
•
Market Share:
(N.A.)
BENNINGTON
✰ Marine(1)
•
•
•
PII Call-outs
Year-to-date pontoon industry is down high-single digits
percent
Dealers seeing soft retail due to higher interest rates for
consumers
Dealers cautious on adding new inventory
Bennington and Hurricane gained share
Actively managing variable costs to protect margin
12-month rolling average pontoon market share flat(¹)
Retail Sales(1)
Pontoons
Deck Boats
POLARIS
LOW-SINGLE
DIGITS %
North America
INDUSTRY
LOW-TWENTIES %
LOW-SINGLE
DIGITS %
MID-TWENTIES %
Share Gains Despite a Soft Marine Industry
POLARIS (1) Retail and market share based on Aug 2023 SSI data, subject to change
Q3'23 Earnings 10/24/23 | 10View entire presentation