---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-002715"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:53:51.918092+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Polaris Q4 sales down 23% YoY; 2024 adj EPS down 65%; guides 2025 sales down 1-4%

## Summary
- Q4 sales $1,755M (-23% YoY); reported diluted EPS $0.19 (-90%); adjusted EPS $0.92 (-54%).
- Full year 2024 sales $7,175M (-20%); adjusted EPS $3.25 (-65%).
- Off Road segment sales $1,437M (-25%); North America ORV retail flat; industry up mid-single digits.
- 2025 outlook: sales down 1-4% vs 2024; adjusted EPS down ~65% vs 2024; mix and production headwinds.
- Q4 gross margin 20.4% (down 44 bps); adjusted gross margin 21.1% (up 9 bps).

## SEC filing metadata
- accession: 0001628280-25-002715
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2025-01-28T23:59:59+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/931015/000162828025002715/0001628280-25-002715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828025002715/pii-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-002715
- JSON: https://secwatch.observer/filing/0001628280-25-002715.json
- Plain text: https://secwatch.observer/filing/0001628280-25-002715.txt

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