Polaris Inc. (PII): restructuring charge — Polaris to sell majority stake in Indian Motorcycle to Carolwood; Q3 adj. EPS $0.31-$0.41

Polaris Inc.

Agreement to sell majority of Indian Motorcycle to Carolwood LP; close expected Q1 2026.
Transaction expected to be accretive to adjusted EBITDA by ~$50M and EPS by ~$1.00 annually.
Preliminary Q3 sales at high end of $1.6-1.8B guidance; adjusted EPS range $0.31-$0.41.
Pre-tax impairment charges of $275M-$325M from held-for-sale classification, mostly Q4.
On Road President Mike Dougherty to retire at close; Carolwood names Mike Kennedy as Indian Motorcycle CEO.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Polaris Inc. announced a impairment with charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million affecting Indian Motorcycle Business.

Type: impairment
Charge: approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million
Affected area: Indian Motorcycle Business

Exact text from the filing

On October 10, 2025, certain wholly owned subsidiaries of the Company entered into a definitive agreement to sell the Indian Motorcycle Business. Under U.S. generally accepted accounting principles, the Indian Motorcycle Business will be classified as held for sale. Accordingly, the Company will be required to record the assets related to the Indian Motorcycle Business at fair value, less an amount of estimated transaction costs. Further, the Company recorded related impairment charges in the third quarter of 2025. The Company currently expects estimated pre-tax charges of approximately $275 million to $325 million, or approximately $230 million to $280 million net of an expected tax benefit of approximately $45 million.

View on SEC.gov

Browse all restructurings & charges →

Polaris Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-044839

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.