other material
confidence high
sentiment negative
materiality 0.65
Polaris expects ~$185M pre-tax impairment from sale of Transamerican Auto Parts
Polaris Inc.
- Definitive agreement to sell Transamerican Auto Parts; business classified as held for sale and discontinued operations.
- Estimated pre-tax impairment loss of approximately $185 million.
- Net loss after expected $45 million tax benefit is about $140 million.
- No material future cash expenditures anticipated from the impairment charge.