Polaris Q1 net loss $67M, sales down 12%; withdraws FY2025 guidance

Polaris Inc.

2025-Q1 EPS reported -$1.17 revenue$1,535,800,000

Reported diluted EPS loss $1.17; adjusted loss $0.90; sales $1,536M, down 12% YoY.
Gross margin 16.0%, down 307 bps; net loss $67M vs net income $4M in Q1 2024.
Off Road sales down 10%, On Road down 20%, Marine down 7%; ORV retail down 11%.
Withdraws full year 2025 sales and adjusted earnings guidance due to trade/economic uncertainty.
Q2 2025 sales guidance introduced at $1.6B-$1.8B.

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