Polaris Inc. (PII) Form 10-Q — Jul 28, 2026
Polaris Inc. reported a significant turnaround in the second quarter of 2026, swinging to a net income of $106.4 million compared to a net loss of $79.3 million in the prior year period. This improvement was driven by a $73.9 million benefit from IEEPA tariff refunds and higher shipments, which boosted sales 9% to $2.02 billion, while gross profit margins expanded significantly due to favorable pricing and product mix. Despite the earnings beat, operating cash flow turned negative to $(90.0) million for the six months ended June 30, 2026, primarily due to working capital additions including a build in inventory.
Key figures
- Eps
- 1.82
- Net Income
- 106.4
- Cash Position
- 302.1
- Adjusted EBITDA
- 239.4
- Tariff refund benefit
- 73.9
Price after filing
Close on the filing date to close N calendar days later (from $72.55). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.