Sales Performance - Fourth quarter 2025 sales were $1,922 million, a 9% increase compared to the fourth quarter of 2024, with North America sales of $1,623 million representing 84% of total sales[7] - Full year 2025 sales were $7,152 million, approximately flat compared to the previous year, while adjusted sales were $7,143 million[8] - Sales for Q4 2025 reached $1,921.9 million, a 9.5% increase from $1,755.4 million in Q4 2024[30] - Parts, Garments and Accessories (PG&A) sales increased by 22% in the fourth quarter, contributing positively to overall sales performance[16] - Adjusted sales for the full year 2025 were $7,142.8 million, slightly down from $7,174.7 million in 2024[30] Profitability and Loss - The fourth quarter reported diluted loss per share was $5.34, compared to a net income of $0.19 per diluted share in the fourth quarter of 2024[11] - Gross profit for the twelve months ended December 31, 2025, was $1,368.7 million, down 6.7% from $1,466.8 million in 2024[24] - Gross profit for Q4 2025 was $384.2 million, compared to $357.9 million in Q4 2024, reflecting a 7.4% increase[30] - Net loss attributable to Polaris Inc. for the twelve months ended December 31, 2025, was $465.5 million, compared to a net income of $110.8 million in 2024[24] - Adjusted EPS for Q4 2025 was $0.08, down from $0.92 in Q4 2024[30] Operating Expenses - Operating expenses for the fourth quarter were $724 million, a significant increase of 128% from $318 million in the fourth quarter of 2024[10] - Total operating expenses for Q4 2025 were $724.0 million, significantly higher than $318.2 million in Q4 2024, primarily due to a $288.1 million loss on disposal group held for sale[24] Cash Flow and Assets - Cash and cash equivalents decreased to $138.0 million as of December 31, 2025, from $287.8 million in 2024[26] - Total current assets fell to $2,206.6 million in 2025, down from $2,632.4 million in 2024[26] - Net cash provided by operating activities for the twelve months ended December 31, 2025, was $741.0 million, a significant increase from $268.2 million in 2024[28] - The company reported a net cash used for investing activities of $139.5 million in 2025, compared to $270.9 million in 2024[28] - Adjusted free cash flow for 2025 was $605.4 million, compared to $64.7 million in 2024[33] Future Outlook - The company expects 2026 sales to increase by 1% to 3% compared to 2025, with adjusted diluted EPS projected to be between $1.50 and $1.60[14] - Polaris anticipates that its long-term growth plan will focus on innovation, efficient operations, and a strong dealer network to drive profitable growth[5] - The company anticipates approximately $32 million in restructuring and acquisition-related costs for 2026[40] Impairment and Charges - Fourth quarter results included impairment and other charges of $288 million related to the Indian Motorcycle business, primarily non-cash charges[12] - The company recorded impairment charges of $53.9 million in Q4 2025 and $155.9 million for the full year[38] - Loss on disposal group held for sale amounted to $288.1 million in Q4 2025 and $330.4 million for the full year[39] Market Share - Polaris gained market share in all segments for full-year 2025, with retail sales for powersports up 9% excluding Youth compared to last year[8] Gross Profit Margin - The gross profit margin for the fourth quarter decreased by 40 basis points to 20.0%, primarily due to tariffs and net pricing pressures[9] EBITDA - Adjusted EBITDA for Q4 2025 was $98.1 million, with an adjusted EBITDA margin of 5.1%[31]

Group 1 - Polaris Inc. is recognized as one of the 14 Best Mid Cap Dividend Aristocrat Stocks to buy now [1] - Seaport Research initiated coverage of Polaris with a Buy rating and an $83 price target, citing strong outdoor demand and improving dealer conditions in the powersports market [2] - Polaris is viewed as undervalued, with the market not fully recognizing its earnings potential [2] Group 2 - Polaris announced plans to sell a majority stake in Indian Motorcycle to Carolwood LP, which generated approximately $478 million, or about 7% of Polaris' revenue, over the trailing twelve months ended June 30, 2025 [3] - The transaction is expected to increase annualized adjusted EBITDA by about $50 million and add roughly $1.00 to adjusted EPS, with closing anticipated in Q1 2026 [4] - Polaris intends to retain a small equity stake in Indian Motorcycle post-transaction and is confident in the brand's future under new ownership [4]

thTORONTO, ONTARIO / ACCESS Newswire / January 13, 2026 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company") is pleased to announce it will be holding its Earnings Conference Call and Webcast to report its Q4 and annual 2025 Earnings Results on Thursday, February 19, 2026, at 10:00 am EST.To listen to the call, please dial Toll Free 1 888-506-0062 or International Toll-Free Number 973-528-0011 entry code 743835.or URL: https://www.webcaster4.com/Webcast/Page/2773/51835A digital recordin ...

Core Insights - Polaris Inc. is reintroducing its Free Snowmobile Rides program for February 2026, aimed at encouraging outdoor winter activities [1][2][3] - The program offers complimentary one-hour rides on the latest Polaris snowmobiles at select locations, enhancing accessibility to winter adventures [3][4] Company Overview - Polaris Inc. has been a leader in the powersports industry since its founding in 1954, providing a wide range of products including snowmobiles, off-road vehicles, and motorcycles [6] - The company operates in over 100 countries and is known for its commitment to innovation and quality in outdoor recreational products [6] Polaris Adventures - Launched in 2017, Polaris Adventures has become a leading powersports vehicle rental service, supporting over 250 outdoor experience Outfitters [7] - The initiative aims to provide customers with opportunities to engage in new activities and experience various models of powersports vehicles at premier riding destinations [7] Program Details - The Free Snowmobile Rides program is designed for all riders, from beginners to enthusiasts, and includes safety overviews and protective gear [9] - Last year's program reached capacity within weeks, indicating strong demand and interest in winter recreational activities [4]

Artisan Partners, an investment management company, released its “Artisan Mid Cap Value Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund’s Investor Class fund ARTQX returned 0.97%, Advisor Class fund APDQX posted a return of 0.98%, and Institutional Class fund APHQX returned 0.97%, compared to a 6.18% return for the Russell Midcap Value Index. Equity markets continued their rally in the third quarter as investors overlooked tariff concerns, driv ...

Core Viewpoint - The article emphasizes the importance of conducting thorough due diligence and research before making any investment decisions, highlighting that past performance does not guarantee future results [2][3]. Group 1 - The author has no financial positions in the companies mentioned and does not plan to initiate any within the next 72 hours [1]. - The article is not structured as financial advice and is intended for informational purposes only [2]. - Investors are encouraged to consult tax professionals regarding the implications of dividend withholding taxes when investing in European or non-US stocks [2]. Group 2 - The article clarifies that Seeking Alpha does not provide licensed investment advice and that the views expressed may not reflect the platform's overall stance [3]. - Analysts contributing to Seeking Alpha may include both professional and individual investors, some of whom may not be certified by regulatory bodies [3].

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.It pays have a contrarian mindset, especially when it comes to strong brand names that have come under cyclical pressure. While contrarian picks likely won’t ...

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] - The investment group targets high-yield, dividend growth opportunities, offering portfolios with dividend yields up to 10% [2] - The service provides research on various investment vehicles including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] Group 2 - A contrarian mindset is emphasized, particularly for strong brand names under cyclical pressure, suggesting potential investment opportunities [2] - The investment approach is defensive in nature, aimed at medium- to long-term horizons [2]

Core Viewpoint - The focus is on identifying investment opportunities in companies that offer healthy dividends and have potential for capital appreciation, particularly in the HVAC industry [1]. Group 1: Investment Strategy - The investment strategy emphasizes finding undervalued companies based on their fundamentals, peers, and historical performance [1]. - A preference for companies with high odds for capital appreciation driven by foreseeable catalysts is highlighted [1]. - The approach aims to reward shareholders through both dividends and capital gains [1]. Group 2: Industry Focus - The HVAC industry is specifically mentioned as a sector of professional involvement prior to transitioning to private investment [1].

Core Insights - Applied Digital (APLD) is expanding its operations with the development of Polaris Forge 2, a large-scale data center campus aimed at meeting the growing demand for AI infrastructure, starting with an initial capacity of 300 megawatts and a potential to scale to 1 gigawatt [2][4] - The company has secured full lease commitments for its first campus, Polaris Forge 1, at 400 megawatts, generating approximately $11 billion in long-term contracted revenues, indicating a strong market position [2][4] - The Zacks Consensus Estimate projects APLD's fiscal 2026 revenues to reach $280.9 million, reflecting a year-over-year increase of 30.39% as the company approaches commercial deployment of additional capacity [2][8] Industry Context - The development of Polaris Forge 2 is timely, as the demand for liquid-cooled, high-density AI infrastructure is currently outpacing supply, providing a competitive edge for developers who can deliver large-scale capacity efficiently [3] - APLD's focus on purpose-built infrastructure aligns with the needs of hyperscalers, positioning the company favorably against competitors like Riot Platforms and Equinix, which are also expanding their capacities [5] Financial Performance - APLD's stock has experienced a significant increase of 182.1% over the past six months, outperforming the broader Zacks Finance sector, which returned 10.1%, and the Zacks Financial-Miscellaneous Services industry, which declined by 4.2% [6] - The company's forward 12-month price/sales ratio stands at 18.24X, indicating that APLD may be overvalued compared to the broader sector's ratio of 9.08X [10] - The Zacks Consensus Estimate for APLD's fiscal 2026 loss is projected at 31 cents per share, consistent with the previous year's loss of 80 cents per share, while the company holds a Zacks Rank 2 (Buy) [13]