Polaris Earnings Reports

Polaris exceeded sales expectations in Q2 2025 with strong execution across segments, but higher promotions and a net loss impacted profitability. The company delivered strong cash flow and continues to navigate tariff uncertainty with an active mitigation strategy.

Polaris Inc. reported first quarter 2025 worldwide sales of $1,536 million, a 12 percent decrease compared to the first quarter of 2024. The company experienced a net loss attributable to Polaris of $67 million, or $(1.17) per diluted share, compared to a net income in the prior year.

Polaris Inc. reported a decrease in sales and earnings for the fourth quarter of 2024. Worldwide sales were $1,755 million, a 23% decrease compared to Q4 2023. Reported diluted earnings per share was $0.19, down 90% year-over-year, while adjusted diluted earnings per share was $0.92, a 54% decrease. The primary factors affecting sales were lower volume due to planned reductions in shipments as the company actively managed dealer inventory in a subdued retail environment.

Polaris Inc. reported a decrease in sales and earnings for the third quarter of 2024. Worldwide sales were $1,722 million, a 23% decrease compared to the third quarter of 2023. Reported diluted earnings per share was $0.49, down 81% versus last year; adjusted diluted earnings per share was $0.73, down 73% versus last year.

Polaris Inc. reported a challenging second quarter with a 12% decrease in sales compared to the previous year. The primary factors affecting sales were lower volume and net pricing due to higher promotional spending. The company has lowered its full-year sales and adjusted earnings guidance to reflect these challenges and the decision to cut shipments.

Polaris Inc. reported a 20% decrease in worldwide sales for the first quarter of 2024, totaling $1,736 million. Net income attributable to Polaris decreased by 97% to $4 million, with diluted EPS down 96% to $0.07. Adjusted EPS was $0.23, a decrease of 89% compared to the first quarter of 2023. The company gained market share in off-road vehicles, motorcycles, and Marine.

Polaris Inc. reported a decrease in sales and earnings for the fourth quarter of 2023. Worldwide sales were $2,289 million, down five percent compared to the fourth quarter of 2022. Reported diluted earnings per share from continuing operations was $1.81, a 46 percent decrease versus last year, and adjusted diluted earnings per share from continuing operations was $1.98, down 43 percent versus last year.

Polaris Inc. reported a four percent decrease in worldwide sales, totaling $2,249 million for the third quarter of 2023, compared to the same period in 2022. Reported diluted earnings per share (EPS) decreased by 17 percent to $2.62, while adjusted EPS also decreased by 17 percent to $2.71. Despite the sales decline, North American retail sales increased by five percent, and the company gained market share across all business segments.

Polaris Inc. reported a 7% increase in worldwide sales, reaching $2,217 million compared to Q2 2022. Reported diluted EPS was $2.32, a 1% decrease year-over-year, while adjusted diluted EPS was $2.42, remaining flat. The company is raising its full-year sales guidance.

Polaris Inc. reported a strong first quarter in 2023, with sales up 22% to $2,180 million. Diluted earnings per share increased by 61% to $1.95, and adjusted diluted earnings per share increased by 55% to $2.05. The company experienced market share gains across all segments, driven by favorable ship volumes, product mix, and net pricing, which offset higher finance interest.

Polaris Inc. reported a strong fourth quarter and full year 2022, with record sales of $2,404 million, up 21 percent compared to last year. Reported diluted earnings per share from continuing operations was $3.36, up 129 percent versus last year; adjusted diluted earnings per share from continuing operations was $3.46, up 57 percent versus last year.

Polaris Inc. reported a strong third quarter with sales up 32% to $2,341 million. Diluted EPS increased by 69% to $3.17, and adjusted diluted EPS rose by 64% to $3.25. The results were driven by increased shipment volumes, higher pricing, and favorable product mix, with North America sales increasing by 35% and international sales by 10%.

Polaris Inc. reported worldwide sales of $2,063 million, up eight percent versus the second quarter of 2021. Reported diluted earnings per share from continuing operations was $2.34, down five percent versus last year; adjusted diluted earnings per share from continuing operations was $2.42, down seven percent versus last year.

Polaris' first quarter sales remained flat compared to the previous year, with earnings per share declining due to supply chain challenges and inflationary pressures. Demand for Polaris' products remained healthy, but retail sales were down due to supply chain constraints.

Polaris Inc. released its fourth-quarter 2021 results, reporting a one percent increase in sales to $2,170 million compared to the fourth quarter of 2020. However, the company's net income decreased to $87 million, or $1.40 per diluted share, compared to $199 million, or $3.15 per diluted share, in the same period of the previous year. Adjusted net income for the quarter was $134 million, or $2.16 per diluted share, compared to $211 million, or $3.34 per diluted share in the 2020 fourth quarter.

Polaris Inc. reported third quarter 2021 sales of $1.960 billion, a slight increase compared to the third quarter of 2020. Net income was $115 million, or $1.84 per diluted share, compared to $167 million, or $2.66 per diluted share, for the 2020 third quarter. The company lowered its full year 2021 adjusted earnings and sales guidance due to supply chain constraints.

Polaris Inc. reported a robust second quarter in 2021, with sales up 40% to $2,117 million. Net income was $158 million, or $2.52 per diluted share, while adjusted net income reached $169 million, or $2.70 per diluted share. The company is increasing its full year earnings guidance and now expects adjusted net income to be in the range of $9.35 to $9.60 per diluted share.

Polaris Inc. reported a strong first quarter in 2021, with sales up 39% to $1,951 million. Net income was $134 million, or $2.11 per diluted share, compared to a net loss in the same quarter last year. The company benefited from strong retail demand and increased its full-year sales and earnings guidance.

Polaris Inc. reported a strong finish to 2020, with Q4 sales up 24% to $2,156.3 million and net income increasing by 101% to $198.8 million. The growth was fueled by robust retail demand across ORV, Motorcycles, Snowmobiles, and Boats segments. The company's full-year operating cash flow reached a record $1.019 billion, and 2021 sales and adjusted earnings guidance were issued.

Polaris Inc. reported a strong third quarter in 2020, with sales up 10% to $1.955 billion and net income increasing by 89% to $167 million, or $2.66 per diluted share. The company benefited from strong retail demand across its ORV, Motorcycle, and Boat segments, as well as effective cost management and supply chain mitigation efforts.

Polaris Inc. reported a decrease in sales by 15% to $1,512 million, and a net loss of $235 million, or $(3.82) per diluted share, for the second quarter of 2020. The results were impacted by a $379 million pre-tax, non-cash impairment charge related to the Aftermarket business. However, adjusted net income was $81 million, or $1.30 per diluted share, as retail demand benefited from new and existing customers seeking outdoor activities while social distancing.

Polaris reported a decrease in sales by 6% to $1,405.2 million, impacted by COVID-19. The company reported a net loss of $5.4 million, or $(0.09) per diluted share, compared to a net income of $48.4 million, or $0.78 per diluted share in the first quarter of 2019. Adjusted net income was $13.6 million, or $0.22 per diluted share.

Polaris reported a 7% increase in both reported and adjusted sales, reaching $1,736 million. Net income increased to $1.58 per diluted share, and adjusted net income was $1.83 per diluted share. The company's full-year sales grew by 12% to $6,783 million, with adjusted earnings exceeding previous guidance.