Quarterly ResultApr 28, 2026, 06:12 AM
PII Q1 Sales +8% to $1.66B; Adj. EPS $0.13; Reaffirms FY26 Guidance
AI Summary
Polaris Inc. reported a strong start to 2026 with first-quarter sales increasing 8% to $1,659 million. The company achieved an adjusted diluted net income per share of $0.13, a significant improvement from a reported diluted loss per share of $0.83. Gross profit margins expanded, and Polaris gained market share in off-road vehicles and snowmobiles. The company also reaffirmed its full-year 2026 adjusted sales and EPS guidance.
Key Highlights
- PII Q1 2026 sales increased 8% to $1,659 million compared to last year.
- Reported diluted loss per share was $0.83, while adjusted diluted net income per share was $0.13.
- Gross profit margin expanded by 423 basis points to 20.2%; adjusted gross profit margin rose 389 bps to 20.5%.
- Polaris Powersports segment sales grew 14% to $1,419.2 million.
- Marine segment sales increased 9% to $125.3 million.
- Aixam & Goupil segment sales rose 9% to $66.7 million.
- Adjusted EBITDA increased to $102.8 million, with an adjusted EBITDA margin of 6.2%.
- Company reaffirmed full year 2026 adjusted sales guidance of $7.15 billion to $7.30 billion and adjusted EPS of $1.60 to $1.70.