Polaris swings to $67 million Q1 loss and withdraws full-year 2025 guidance
Polaris reported first-quarter 2025 sales of $1,536 million, down 12 percent from a year earlier, and a net loss attributable to Polaris of $67 million, or $1.17 per diluted share, compared with net income of $4 million, or $0.07 per diluted share, in the first quarter of 2024. The company withdrew its full-year 2025 sales and adjusted earnings guidance, citing trade and economic uncertainty, and introduced second-quarter 2025 sales guidance of $1.6 billion to $1.8 billion. For shareholders, the swing to a loss and the removal of the full-year outlook are the key facts in the release.
Key points
- First-quarter sales were $1,536 million, down 12 percent; North America sales fell 11 percent to $1,290 million and International sales fell 16 percent to $246 million.
- Net loss attributable to Polaris was $(1.17) per diluted share on a reported basis and $(0.90) on an adjusted basis, versus $0.07 per diluted share a year earlier.
- Full-year 2025 sales and adjusted earnings guidance was withdrawn; second-quarter 2025 sales guidance is $1.6 billion to $1.8 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.