---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-017193"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:18:58.417458+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Polaris Q1 sales down 20% to $1.74B; adj EPS $0.23 (-89% YoY); reiterates FY guidance

## Summary
- Sales $1,736M (-20% YoY); reported EPS $0.07 (-96%), adjusted EPS $0.23 (-89%).
- Gross margin 19.0% (-250 bps) on higher promo spend and warranty expense.
- Segment sales: Off Road $1,336M (-16%), On Road $277M (-14%), Marine $123M (-53%).
- North America ORV retail up 3% (ex-snow); Indian Motorcycle retail up low-teens %.
- FY2024 guidance reaffirmed: sales down 5-7%, adjusted EPS down 10-15% vs 2023.

## SEC filing metadata
- accession: 0001628280-24-017193
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000162828024017193/0001628280-24-017193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828024017193/pii-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-017193
- JSON: https://secwatch.observer/filing/0001628280-24-017193.json
- Plain text: https://secwatch.observer/filing/0001628280-24-017193.txt

## Key facts
- Earnings Releases
  Polaris Inc. reported first quarter 2024 results: revenue $1,736 million, net income $4 million, EPS $0.07. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $1,736 million
  - Net income: $4 million
  - EPS: $0.07
  - Guidance: reaffirmed
  - Result: reported results
  source text: this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- First Quarter 2024 Earnings Results April 23, 2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS • First quarter sales were $1,736 million, down 20 percent compared to last year. • First quarter reported diluted earnings per share was $0.07, down 96 percent versus last year; adjusted diluted earnings per share was
  evidence_url: https://www.sec.gov/Archives/edgar/data/931015/000162828024017193/0001628280-24-017193-index.htm

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