Polaris reported first-quarter marine segment sales of $125.3 million, a 9% increase compared with $115.4 million in the prior-year period. Gross profit margin improved to 13%, up from 12.4% a year earlier, as the company cited favorable product mix and pricing in its pontoon lineup.
Polaris said marine segment performance was primarily driven by positive product mix within the pontoon business and higher net pricing. Margin gains were also supported by improved mix.
“We delivered a strong start to 2026, driven by 8% sales growth, earnings ahead of expectations, continued share gains in ORV and Snow, and meaningful margin expansion despite a dynamic macro environment,” CEO Mike Speetzen said in a statement. “These results reflect the focus and disciplined execution of the Polaris team.”
Polaris reported overall first-quarter sales of $1.66 billion, up 8% year-over-year, with gains driven by higher shipment volumes and positive pricing. Gross profit margin increased 423 basis points to 20.2%, while adjusted gross margin rose to 20.5% as operational efficiencies and product mix offset higher tariff expenses. First quarter reported diluted loss per share was $0.83; adjusted diluted net income per share was $0.13.
Polaris reaffirmed its full-year outlook, projecting adjusted sales between $7.15 billion and $7.30 billion, and adjusted earnings per share of $1.60 to $1.70. The company said its strategy, product portfolio and operational focus position it for continued growth across segments, including marine.
