Polaris Inc. (PII) Form 10-Q — Oct 27, 2026
Polaris reported Q3 2026 sales of $2,042.6 million, up 11% year over year, and swung to net income of $38.4 million ($0.66 diluted EPS) from a $15.8 million loss in Q3 2025. The turnaround was driven by higher shipments and net pricing, prior-year impairment charges that did not recur, and $83.7 million in YTD IEEPA tariff refunds following the Supreme Court ruling; adjusted EBITDA rose 28% to $180.0 million.
Key figures
- Eps
- 0.66
- Revenue
- 2042600000
- Net Income
- 38400000
- Revenue Yoy
- 11%
- Cash Position
- 301700000
- Shares Outstanding
- 56925967
- Gross margin q3
- 21.2% (+52 bps)
- Nine month revenue
- $5,724.1 million (+9% YoY)
- Q3 adjusted ebitda
- $180.0 million (+28%)
- Dividend per share q3
- $0.68
- Nine month net income
- $97.4 million vs. $(161.9) million prior year
- Revolver availability
- $1,241.6 million
- Tariff refund benefit ytd
- $83.7 million
- Buyback authorization remaining
- $1.1 billion
AI analysis
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