Exchange: NYSE·Updated 07:30 PM EDT
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PII Polaris Inc

$54.07
$1.63
(2.93%)
Today
Closed $54.07
$0.0025
(0.01%)
After Hours
EarningsOct 26
Mkt Cap$3.08B
Vol1.38M

About PII

Polaris Inc. engages in designing, engineering, manufacturing, and marketing power sports vehicles. It operates through the following segments: Off Road, On Road, and Marine. The Off Road segment includes off-road vehicles (ORV) and snowmobiles. The On Road segment is involved in the design and manufacture of motorcycles, moto-roadsters, light duty hauling, and passenger vehicles. The Marine segment focuses on the design and manufacture of boats. The company was founded by Edgar E. Hetteen, Allan Hetten, and David E. Johnson in 1954 and is headquartered in Medina, MN.
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topstockalerts
Moody’s Ratings affirmed Polaris Inc.’s Baa3 long-term issuer and senior unsecured debt ratings on Thursday, while revising the outlook from negative to stable. The stable outlook reflects expectations for continued sales recovery in 2026 and 2027, supported by lower dealer inventory levels achieved in recent years. Moody’s expects Polaris’ leverage to decline to about 2.5x by the end of 2027, from 3.6x for the 12 months ended June 2026. The Baa3 rating is supported by the company’s strong position in the North American powersports market, particularly its leading presence in recreational and utility off-road vehicles, although demand remains sensitive to economic cycles because of the discretionary nature of the products. Credit metrics are expected to improve through 2026-2027 as sales recover, with the rebound beginning in the third quarter of 2025. Moody’s forecasts EBIT margins improving to around 5%-6% in 2027, though still considered weak for the current rating. $PII
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