Stephen L. Eastman
On November 19, 2024, Stephen L. Eastman, President of Parts, Garments, and Accessories (PG&A) and Aftermarket, of Polaris Inc. (the “Company”), informed the Company of his decision to retire effective December 31, 2024.
Highest-materiality recent filing
Polaris shareholders approve 4.58M share increase in 2024 Omnibus Incentive Plan
Shareholders approved amendment increasing shares available under 2024 Omnibus Incentive Plan by 4,580,000 to 8,905,000 total.
Polaris Q1 sales up 8% to $1.66B; net loss narrows to $47M; adjusted EPS $0.13
Sales $1.66B (+8% YoY); North America +10%, international -5%.
Polaris Q4 net loss $304M on impairments; guides 2026 adjusted EPS $1.50-$1.60
Q4 reported net loss $304M ($5.34 per share) vs prior year net income $11M, driven by $288M impairment from Indian Motorcycle hold-for-sale.
Polaris Inc. director Kevin M. Farr resigns from board effective Jan 14, 2026
Kevin M. Farr, Board member since 2013, resigns effective January 14, 2026.
Polaris issues $500M of 5.600% Senior Notes due 2031
Issued $500M aggregate principal of 5.600% Senior Notes maturing 2031 on November 13, 2025.
Polaris Q3 sales $1.84B (+7% YoY) but reports net loss; guides adj. EPS ~($0.05) for FY2025
Q3 reported loss per share $(0.28); adjusted EPS $0.41, down 44% YoY.
Polaris to sell majority stake in Indian Motorcycle to Carolwood; Q3 adj. EPS $0.31-$0.41
Agreement to sell majority of Indian Motorcycle to Carolwood LP; close expected Q1 2026.
Polaris Q2 net loss $79M; sales down 6%; goodwill impairment hit
Q2 GAAP net loss $79M ($1.39 loss per share); adjusted net income $23M ($0.40 EPS), down 71% YoY.
Polaris amends credit facility, prepays $350M senior notes, extends term loan to 2026
Prepaid all $350.0M senior notes due 2028 with proceeds from revolving loans under senior credit facilities.
Polaris shareholders reject charter amendment to remove 'cause' definition; directors elected
Class I directors elected: Bernd F. Kessler (32.5M for), Lawrence D. Kingsley (38.7M), Gwynne E. Shotwell (39.1M).
Polaris Q1 net loss $67M, sales down 12%; withdraws FY2025 guidance
Reported diluted EPS loss $1.17; adjusted loss $0.90; sales $1,536M, down 12% YoY.
Polaris Q4 sales down 23% YoY; 2024 adj EPS down 65%; guides 2025 sales down 1-4%
Q4 sales $1,755M (-23% YoY); reported diluted EPS $0.19 (-90%); adjusted EPS $0.92 (-54%).
Polaris amends credit: revolver to $1.4B, term loan cut to $500M, note rate +0.5%
Revolving credit facility increased from $1.0B to $1.4B; term loan reduced by $244M to $500M.
Polaris PG&A President Stephen Eastman to retire effective Dec 31, 2024
Stephen L. Eastman, President of Parts, Garments & Accessories and Aftermarket, retiring Dec 31, 2024.
Polaris Q3 sales down 23% YoY, EPS plunge 81%; full-year guidance slashed
Q3 sales $1,722M (-23% YoY); reported EPS $0.49 (-81%), adjusted EPS $0.73 (-73%).
Polaris adds $400M 364-day term loan facility to repay revolver and for corporate purposes
New incremental 364-day unsecured term loan of $400M entered July 26, 2024, maturing July 25, 2025.
Polaris Q2 2024: sales $1.96B (-12%), EPS $1.21 (-48%), FY guidance cut sharply
Q2 reported sales $1,961M (-12% YoY); reported diluted EPS $1.21 (-48%); adjusted EPS $1.38 (-43%).
Steve Menneto, President of Off Road, leaves Polaris after 27 years for a new career opportunity effective July 19, 2024.
Stockholders approved 2024 Omnibus Incentive Plan (87.9% for); authorizes 4,325,000 new shares plus rollover from prior plan.
Polaris Q1 sales down 20% to $1.74B; adj EPS $0.23 (-89% YoY); reiterates FY guidance
Sales $1,736M (-20% YoY); reported EPS $0.07 (-96%), adjusted EPS $0.23 (-89%).
On November 19, 2024, Stephen L. Eastman, President of Parts, Garments, and Accessories (PG&A) and Aftermarket, of Polaris Inc. (the “Company”), informed the Company of his decision to retire effective December 31, 2024.
On Wednesday, July 17, 2024, Steven D. Menneto, President - Off Road of Polaris Inc. (the "Company"), informed the Company of his decision to depart the Company for a new career opportunity effective July 19, 2024.
Max materiality 0.90 · Median 0.65 · Most common event earnings