Polaris Inc. (NYSE:PII) posted better-than-expected fourth-quarter earnings as stronger shipments helped lift revenue across its core businesses on Tuesday.
Still, the company struck a cautious tone on the year ahead, with pressure on margins and a softer earnings outlook weighing on the stock.
The company reported fourth-quarter adjusted earnings per share of eight cents, beating the Street view of six cents.
Quarterly sales of $1.922 billion (+9% year over year) outpaced the analyst consensus estimate of $1.807 billion, gaining from higher shipment volumes to meet demand.
Fourth-quarter 2025 results included $288 million in impairment and other charges, mostly noncash, after the Indian Motorcycle business was classified as held for sale.
The quarter also reflected an additional $54 million in noncash intangible-asset impairment tied to the …