Key Takeaways SYF renewed its consumer financing partnership with Polaris across U.S. dealers.Synchrony will offer promo financing and installment loans for vehicles, gear and service plans.SYF's net interest margin rose 48 bps to 15.2% in 2025, aided by specialty retail finance.Synchrony Financial (SYF) has renewed its long-standing consumer financing partnership with Polaris, extending a relationship that has supported dealers and customers for nearly two decades. The agreement ensures continued access to ...

Explore[Automotive][Transportation, Trucking & Railroad][Outdoors, Camping & Hiking][Outdoors, Camping & Hiking][News Releases in Similar Topics]---- -- Polaris Slingshot Unveils Exclusive Signature Edition, Fusing Advanced Technology with One-of-a-Kind Styling [Accessibility Statement] Skip NavigationBuilt For Those Who Expect More From Every Mile, New Limited Edition Elevates Slingshot Experience with Premium Details at Every TouchpointMINNEAPOLIS, Feb. 26, 2026 /PRNewswire/ -- [Polaris Slingshot], the th ...

Core Insights - VAST Data announced Polaris, a global control plane for managing distributed AI infrastructure across various environments, enhancing operational coherence for enterprises [1][4]. Group 1: Product Features - Polaris automates deployment, lifecycle management, and multi-cluster orchestration, transforming distributed infrastructure into a unified operational platform [2][3]. - The platform includes a secure, multi-tenant Kubernetes-based control plane, enabling centralized management of upgrades, expansions, and node replacements [4]. - Polaris operates as an intent-driven management layer, allowing administrators to define the desired state of infrastructure through a single API and interface [5]. Group 2: Integration and Functionality - Polaris complements the VAST AI Operating System by coordinating deployments across infrastructure boundaries, unifying data through a global namespace [3][6]. - The platform supports various management styles, including VAST-managed, partner-managed, or customer-managed, and is designed to scale from large cloud providers to global neoclouds [4][6]. - Future releases of Polaris will expand multi-cluster orchestration capabilities, further enhancing its functionality [6]. Group 3: Market Positioning - VAST Data positions Polaris as essential for enterprises to manage AI data and infrastructure efficiently, addressing the complexities of AI pipelines that span multiple regions and providers [2][4]. - The introduction of Polaris reflects the industry's shift towards operationally coherent distributed AI infrastructure, moving beyond single-location deployments [4][5].

Synchrony and Polaris Renew Consumer Financing Partnership to Offer Flexible Payment Options for Powersports Customers [Accessibility Statement] Skip NavigationLongstanding Collaboration Continues to Support Dealers and Consumers with Innovative Financing ToolsKey Highlights:- Polaris dealers have access to Synchrony's full range of industry-specific products and digital tools, including Synchrony PRISM, which enables data-driven underwriting to support responsible credit access and dealer success.- Synchro ...

Core Viewpoint - Polaris Renewable Energy Inc. reported its financial and operating results for the year ended December 31, 2025, highlighting significant developments in its operations and financial performance [1]. Financial Performance - The company’s consolidated financial statements and management's discussion and analysis are available on its website and SEDAR+ [1].

Core Insights - Apache Polaris has graduated to a top-level Apache Project, marking a significant milestone for open data lakehouse architectures and establishing itself as the industry standard for Apache Iceberg [1][4] Group 1: Project Overview - Apache Polaris is now a self-governing, open-source software project managed by the Apache Software Foundation, providing a community-driven, vendor-neutral catalog [1] - The graduation from incubation highlights the strength of its contributor community and its production-ready maturity [1][4] Group 2: Community and Adoption - The project has gained a growing base of contributors and users since its inception, with Dremio being one of the most active participants [2] - The focus is on expanding the community by welcoming new contributors and users, and addressing emerging use cases [4] Group 3: Technical Capabilities - Apache Polaris implements Iceberg's REST API, enabling seamless multi-engine interoperability across various platforms, including Apache Doris, Apache Flink, Apache Spark, Dremio OSS, StarRocks, and Trino [2] - Dremio extends Apache Polaris with enterprise capabilities such as fine-grained access controls and automatic data optimization, facilitating the management of analytical environments [3]

Financial Performance - Total sales for 2025 were $7.2 billion, approximately flat compared to 2024, primarily due to decreased shipments and lower net pricing driven by higher promotional costs [155]. - Gross profit decreased by 7% to $1.4 billion in 2025, with gross profit as a percentage of sales dropping to 19.1% from 20.4% in 2024 [156]. - The full year net loss attributable to Polaris Inc. was $465.5 million, or $8.18 net loss per diluted share, compared to a net income of $110.8 million, or $1.95 per diluted share in 2024 [157]. - Adjusted EBITDA for 2025 was $410.2 million, a decrease of 35% from $635.4 million in 2024 [157]. - Operating expenses increased by 41% to $1.8 billion in 2025, primarily due to impairment charges related to the Indian Motorcycle business and increased general and administrative expenses [168]. - Total sales for 2025 were $7,152.0 million, a decrease of 0.3% compared to $7,175.4 million in 2024, and down 20% from $8,934.4 million in 2023 [176]. - Adjusted EBITDA for 2025 was $410.2 million, representing a margin of 5.7%, down from $635.4 million and 8.9% in 2024, and significantly lower than $1,020.9 million and 11.4% in 2023 [188]. - The company reported a net loss of $464.8 million in 2025, compared to a net income of $111.2 million in 2024 [188]. Sales and Segment Performance - Sales in the United States increased by 1% to $5.7 billion, accounting for 79% of total sales, while sales in Canada decreased by 6% [164]. - Off Road segment sales were approximately flat at $5,713.1 million in 2025, with a gross profit of $1,155.1 million, a decrease of 0.03% from 2024 [176][177]. - On Road segment sales decreased by 6% to $926.5 million in 2025, with a gross profit of $157.2 million, down 12% from 2024 [176][179]. - Marine segment sales increased by 7% to $512.4 million in 2025, with a gross profit of $72.5 million, a decrease of 10% from 2024 [176][180]. - Polaris North America utility unit retail sales were up mid-single digits percent, while recreation excluding youth unit retail sales were down high-single digits percent in 2025 [182]. Cash Flow and Financing - Cash provided by operating activities increased to $741.0 million in 2025, up $472.8 million from $268.2 million in 2024 [191][192]. - Cash used in investing activities decreased to $139.5 million in 2025, down from $270.9 million in 2024, due to reduced capital expenditures [191][193]. - Net cash used in financing activities increased to $693.0 million in 2025, primarily due to net repayments of $543.6 million compared to net borrowings of $165.8 million in 2024 [191][194]. - The company issued $500 million of 6.95% Senior Notes due 2029 in November 2023, receiving approximately $492 million in net proceeds [200]. - As of December 31, 2025, the company had $1.4 billion available on the Revolving Loan Facility, with $35.4 million in borrowings outstanding [196][197]. - The company’s debt to total capital ratio was 65% as of December 31, 2025, up from 62% in 2024 [202]. - Retail customer financing arrangements accounted for 30% of vehicles sold in the U.S. during 2025, with installment credit contracts totaling $1,436.3 million, a 3% decrease from 2024 [207]. - The company has outstanding letters of credit totaling $58.4 million as of December 31, 2025, primarily related to raw material purchase obligations [202]. Impairments and Liabilities - The company recorded a goodwill impairment charge of $52.6 million in Q2 2025 for the On Road reporting unit, leaving no remaining goodwill balance for that unit [219]. - Impairment charges of $17.5 million were recorded for an indefinite-lived brand/trade name in the On Road segment and $53.9 million in the Off Road segment due to changes in planned usage [223]. - The company recorded an accrued warranty liability of $135.5 million as of December 31, 2025, down from $162.8 million in 2024 [212]. Tax and Interest - The effective income tax rate for 2025 was 12.8%, down from 21.0% in 2024 [162]. - Interest expense decreased by 4% to $131.4 million in 2025, attributed to lower average debt levels [170]. - A 100 basis point change in interest rates would increase or decrease interest expense by approximately $1 million based on unhedged variable-rate debt [233]. Currency and Commodities - Total commodities had a neutral impact on gross profit margins for 2025 compared to 2024, but an unfavorable impact is expected for 2026 [225]. - A hypothetical 10% fluctuation of the U.S. dollar compared to the Euro impacts annual operating income by approximately $17 million, and a similar fluctuation with the Canadian dollar impacts it by approximately $41 million [229]. - The company expects foreign currencies to have a positive impact on net income in 2026 compared to 2025 [230]. - The company has entered into foreign currency hedging contracts to manage exposure, with notional amounts of $18.3 million for Australian Dollar and $127.6 million for Canadian Dollar [230]. Credit Facilities and Amendments - The company amended its credit facility in June 2025, modifying financial covenants during the Covenant Relief Period, including an interest coverage ratio of 2.50 to 1.00 for certain quarters [199]. - As of December 31, 2025, $35.4 million was outstanding on the Revolving Loan Facility and $475.0 million on the Term Loan Facility [233]. - In Q4 2025, goodwill was not impaired as the fair value of reporting units exceeded carrying value by over 10% [220].

Core Viewpoint - Polaris (PII) shares have increased nearly 50% over the past year, indicating strong performance and positive market sentiment towards the company [1]. Group 1 - The stock of Polaris has had a good start to the year, continuing its upward trend from the previous year [1].

Core Viewpoint - Polaris Inc. has successfully completed the separation of Indian Motorcycle into a standalone business and sold a majority stake to Carolwood LP, enhancing its strategic focus on core growth areas and creating immediate value for shareholders [1]. Group 1: Transaction Details - The separation of Indian Motorcycle allows Polaris to sharpen its strategic and operational focus on its primary growth businesses [1]. - Carolwood LP, an independent private equity firm founded in 2014 and based in Los Angeles, has acquired the majority stake in Indian Motorcycle [1]. - The transaction was advised by Goldman Sachs & Co. LLC as the financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as the legal advisor [1]. Group 2: Company Overview - Polaris Inc. is recognized as a global leader in powersports, having been in operation since 1954 [1]. - The company offers a wide range of products including off-road vehicles, snowmobiles, boats, military vehicles, and commercial transportation vehicles, along with parts, garments, and accessories [1]. - Polaris serves customers in nearly 100 countries and is known for its iconic brands such as RANGER, RZR, and Slingshot [1].

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