---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034930"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:56:56.630865+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Polaris Q3 sales down 4% to $2.25B; EPS $2.62; cuts full-year guidance

## Summary
- Sales $2,248.9M (-4% YoY); reported diluted EPS $2.62 (-17%), adjusted EPS $2.71 (-17%).
- Off Road segment sales +6% to $1,844M; Marine -48% to $134M; On Road -19% to $270M.
- Gross margin 22.6%, down 127 bps; operating expenses up 4% to $328M.
- FY 2023 outlook reduced: sales growth now +3-5% (prev. +3-6%), adj. EPS decline 8-4% (prev. -2% to +3%).
- North America retail sales +5% overall; ORV retail +5%, Indian Motorcycle retail down low-teens.

## SEC filing metadata
- accession: 0001628280-23-034930
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000162828023034930/0001628280-23-034930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828023034930/pii-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034930
- JSON: https://secwatch.observer/filing/0001628280-23-034930.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034930.txt

## Key facts
- Earnings Releases
  Polaris Inc. reported the third quarter 2023 results: revenue $2,249 million, net income $152 million, EPS $2.62. Guidance lowered.
  - Period: the third quarter 2023
  - Revenue: $2,249 million
  - Net income: $152 million
  - EPS: $2.62
  - Guidance: lowered
  - Result: reported results
  source text: Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- Third Quarter 2023 Earnings Results October 24, 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS • Third quarter sales were $2,249 million, down four percent compared to last year. • Third quarter reported diluted earnings per share from continuing operations was $2.62, down 17 percent versus last year; adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/931015/000162828023034930/0001628280-23-034930-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.