Polaris Inc. (PII) SEC Filings

Capital World Investors, a division of Capital Research and Management Company and affiliated investment management entities, reports beneficial ownership of 1,609,055 shares of Polaris Inc. common stock. This represents 2.8% of the 56,886,167 shares of Polaris common stock believed to be outstanding.

Capital World Investors has sole voting and dispositive power over all 1,609,055 shares and no shared voting or dispositive power. The filing notes that Capital World Investors now holds 5 percent or less of this class of securities.

Vanguard Portfolio Management LLC, together with specified affiliates, reports beneficial ownership of 2,944,544 shares of Polaris Inc common stock on a Schedule 13G. This represents 5.17% of the class.

Vanguard has sole voting power over 51,802 shares and sole dispositive power over 2,944,544 shares, with no shared voting or dispositive power. The holdings include securities held by Vanguard funds and managed accounts over which Vanguard or its listed affiliates exercise voting and/or dispositive power. Vanguard states that, although various funds and accounts have rights to dividends or sale proceeds, no single other person’s interest exceeds 5% of the class.

Vanguard Capital Management reports beneficial ownership of Polaris Inc common stock on a Schedule 13G. Vanguard and certain affiliates collectively beneficially own 2,852,179 shares, representing 5.01% of Polaris’s common stock.

Vanguard has sole voting power over 417,665 shares and sole dispositive power over all 2,852,179 shares, with no shared voting or dispositive power. The filing explains that this ownership includes securities held by various Vanguard funds and managed accounts over which Vanguard entities exercise voting and/or dispositive power, and excludes other subsidiaries whose holdings are disaggregated under SEC guidance.

Polaris Inc reported Q2 2026 sales of $2,022.8 million, up 9% year over year, with net income attributable to the company of $106.4 million, or $1.82 diluted EPS, versus a prior-year loss.

Gross profit rose to $478.3 million and margin expanded to 23.6%, driven by higher shipments, improved pricing and mix, and a $73.9 million IEEPA tariff refund benefit that more than offset incremental tariff expense. Adjusted EBITDA doubled to $239.4 million (11.8% margin). Polaris Powersports sales grew 17%, Marine 16%, and Aixam & Goupil 6%, while corporate sales fell after the Indian Motorcycle divestiture and related disposal losses. Despite better earnings, six‑month operating cash flow was a negative $90.0 million due to working capital build, and financing obligations increased to $1,951.3 million, resulting in a 70% debt‑to‑capital ratio, though the company remained in compliance with amended credit covenants and held $318.3 million of cash and restricted cash.

Polaris Inc. reported strong second-quarter 2026 results, with worldwide sales of $2,022.8 million, up 9% from a year earlier, driven by higher shipment volumes, positive net pricing and strength in Utility. Reported diluted EPS was $1.82 versus a prior-year loss, and adjusted diluted EPS rose to $1.97 as gross profit margin expanded to 23.6% (adjusted 23.9%). Results included $74 million of tariff refunds, which increased adjusted EPS by $0.96.

Polaris Powersports sales grew 17% with a 442-basis-point gross margin improvement, while Marine and Aixam & Goupil also delivered higher sales and margins. Total company adjusted EBITDA reached $239.4 million, an 11.8% margin. North America sales increased 11% to $1,755 million, with off-road vehicle retail sales up mid-single digits, ahead of estimated industry growth.

For 2026, the company raised adjusted sales guidance to $7.30–$7.50 billion and adjusted EPS to $3.00–$3.10, up from $7.15–$7.30 billion and $1.60–$1.70. Despite stronger earnings, operating activities used $90.0 million of cash in the first half and adjusted free cash flow was $(143.7) million.

Polaris Inc. director Bernd F. Kessler acquired 531.05 Common Stock Equivalents through a grant under the company’s Deferred Compensation Plan for Directors. These units were credited in connection with his election to defer his quarterly cash retainer at a reference price of $64.73 per share. Following this transaction, his deferred account holds a total of 62,847.52 Common Stock Equivalents and deferred stock units, including 598.70 units accumulated through the plan’s dividend reinvestment feature.

Polaris Inc. director Gwenne A. Henricks received an equity-based compensation award instead of cash. She acquired 492.43 Common Stock Equivalents at a reference price of $64.73 per share by deferring her quarterly cash retainer into the company's Deferred Compensation Plan for Directors.

Each Common Stock Equivalent may be settled in one share of common stock in the future. After this award and prior accruals, including amounts from the plan's dividend reinvestment feature, her direct holdings under this plan total 40,789.69 units.

Polaris Inc. director Gary E. Hendrickson acquired 492.43 Common Stock Equivalents at $64.73 per share under the company’s Deferred Compensation Plan for Directors. This reflects his choice to defer his quarterly cash retainer into stock-based units. Following the crediting, his direct holdings total 60,221.32 shares and units, including 525.72 units accumulated through the plan’s dividend reinvestment feature.

Bilicic George W reported acquisition or exercise transactions in this Form 4 filing.

Polaris Inc. director George W. Bilicic received a grant of 560.02 Common Stock Equivalents in lieu of cash fees, valued at $64.73 per unit. These units were credited under Polaris’s Deferred Compensation Plan for Directors and each may be settled in one share of common stock.

Following this award and prior accruals, Bilicic now holds 38,076.62 common shares and Common Stock Equivalents directly, including 321.69 units accumulated through the plan’s dividend reinvestment feature.