Polaris (NYSE:PII) Q3 2025 Earnings Call October 28, 2025 10:00 AM ET Company ParticipantsMike Speetzen - CEOBob Mack - CFOJ.C. Weigelt - VP of Investor RelationsTristan Thomas-Martin - Equity Research AssociateConference Call ParticipantsNone - AnalystCraig Kennison - Senior Analyst of Consumer and Automotive ServicesSean Wagner - Assistant VP and Leisure Equity Research AnalystJoe Nolan - Associate AnalystNoah Zatzkin - VP and Equity Research AnalystJoseph Altobello - Equity Research AnalystOperatorGood d ...

Polaris (NYSE:PII) Q3 2025 Earnings Call October 28, 2025 10:00 AM ET Speaker5Good day and welcome to the Polaris Third Quarter 2025 Earnings Call and Webcast. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. To withdraw your question, please press star th ...

Cipla and Eli Lilly and Company (India) on Thursday announced an agreement to distribute and promote type-2 diabetes and chronic weight management drug Tirzepatide under a new brand name, Yurpeak, in India. Tirzepatide was launched in India by Lilly in March 2025 under the brand name Mounjaro. Under the agreement, Cipla has the rights to distribute and promote Yurpeak, the second brand of Tirzepatide in India, the two companies said in a joint statement shared on BSE by Cipla. Insolvency appellate tribunal ...

Core Insights - Apollino's RFN brand is launching a comprehensive lineup of mass-production electric dirt bikes at EICMA 2025, catering to all stages of a rider's journey from beginners to professionals [1][6][12] Product Lineup - The RFN Warrior Family includes: - **RFN Warrior Kids Series**: Designed for young riders with safety features and manageable power outputs [4] - **RFN Warrior Youth Series**: Offers more power for skilled young riders, supporting their progression [4] - **RFN Warrior Series**: Balances power and lightweight handling for intermediate riders, including models for female riders [4] - **RFN Warrior Pro Series**: High-performance models aimed at professional riders, rivaling gas-powered motorcycles [4] Vision and Commitment - RFN aims to create a community and ecosystem for electric off-road mobility, promoting environmental responsibility and inclusivity [6][12] - The brand emphasizes the importance of sustainability while ensuring performance and excitement in off-road riding [6][12] Event Details - EICMA 2025 will serve as the global launch platform for RFN, showcasing its electric dirt bikes to industry professionals and media [7][8] - The event will highlight cutting-edge technology and sustainable practices in the powersports industry [8] Company Background - Apollino is recognized in the global powersports industry for its innovation and quality, with a diverse portfolio aimed at recreation, sport, and utility [9] - RFN, as a brand under Apollino, focuses on pioneering electric two-wheelers, committed to performance, accessibility, and sustainability [10][11]

Core Viewpoint - The Japanese government and leading manufacturers have expressed concerns that Vietnam's proposed ban on petrol-powered motorbikes in Hanoi may lead to job losses and disrupt a significant market valued at $4.6 billion [1] Group 1: Government and Manufacturer Concerns - The Japanese government has warned Vietnam about the potential negative impacts of the motorbike ban [1] - Top manufacturers in Japan are also voicing their apprehensions regarding the job losses that could result from this policy [1] - The market for petrol-powered motorbikes in Vietnam is substantial, estimated at $4.6 billion, highlighting the economic implications of the ban [1]

Core Points - LiveWire Group, Inc. will report its third quarter 2025 financial results on November 4, 2025, before market hours [1] - An audio webcast is scheduled for 8 a.m. CT on the same day, where financial results and business updates will be discussed [1] - LiveWire is majority owned by Harley-Davidson, focusing on the electric motorcycle sector [3] Company Initiatives - LiveWire announced the global Twist & Go Promotion, providing significant incentives for the S2 lineup from August 28 to October 31, 2025 [5] - A software update will introduce new features, including Reverse and Roll-Forward Regenerative Braking, enhancing the riding experience [5] Financial Performance - In the second quarter of 2025, LiveWire reduced its consolidated operating loss by 35% compared to the same quarter in the previous year [6] - STACYC, a subsidiary, reported a 25% increase in revenue compared to the prior-year same quarter, despite ongoing supply chain challenges [6]

Polaris has announced that it will separate its Indian Motorcycle business into a standalone company and subsequently sell the legendary American brand to the private A new CEOThe press release notes that Kennedy previously served as CEO of the RumbleOn dealership group, CEO and President of Vance & Hines, and held multiple leadership positions at Harley-Davidson over a 26-year career.Live EventsPolaris has faced a challenging year, largely driven by reduced marketing investments amid economic uncertainty, ...

Core Viewpoint - Polaris Inc plans to divest its majority stake in Indian Motorcycle to focus on more profitable growth areas, with the transaction expected to close in Q1 2026 [2][3]. Group 1: Transaction Details - Polaris has entered into a definitive agreement to sell a majority stake in Indian Motorcycle to Carolwood LP, an independent private equity firm [2]. - The separation is projected to increase Polaris' annualized adjusted EBITDA by approximately $50 million and adjusted earnings by about $1 per share [3]. - Polaris will retain a small equity position in Indian Motorcycle post-transaction, with Mike Kennedy appointed as CEO of the new independent entity [4]. Group 2: Financial Performance - Polaris anticipates third-quarter sales to be at the high end of its guidance range of $1.6 billion to $1.8 billion, with adjusted earnings expected between 31 cents and 41 cents per share, significantly higher than previous expectations [5]. - Following the announcement, Polaris shares rose by 12.45% in after-hours trading, reaching $69 [6].

Core Insights - The sale of a heavyweight bike brand is anticipated to enhance Polaris's profits and enable the company to concentrate on its primary off-road vehicle business [1] Summary by Categories Financial Impact - The divestiture is expected to significantly boost Polaris's profitability [1] Strategic Focus - The transaction will allow Polaris to refocus its resources and efforts on its core off-road vehicle segment [1]

Core Insights - Polaris Inc. has announced the separation of Indian Motorcycle into a standalone business, selling a majority stake to Carolwood LP, a private equity firm [1][2] - The transaction is expected to enhance Polaris' adjusted EBITDA by approximately $50 million and adjusted earnings per share by about $1.00, with completion anticipated in Q1 2026 [2] - Polaris aims to focus on areas with the strongest growth potential, while Indian Motorcycle is expected to thrive under Carolwood's ownership [2] Polaris and Indian Motorcycle Separation - The decision to separate Indian Motorcycle allows Polaris to concentrate resources on more profitable growth areas [1] - Indian Motorcycle contributed approximately $478 million, or 7.0%, to Polaris' revenues for the trailing twelve months ending June 30, 2025 [1] - Polaris will maintain a small equity position in Indian Motorcycle post-transaction [2] Leadership Changes - Mike Kennedy has been appointed as the CEO of the new independent Indian Motorcycle organization, bringing over 30 years of experience in the motorcycle industry [3] - Mike Dougherty, Polaris President of On Road and International, will lead the transition until the deal closes and has announced his intent to retire afterward [6][7] Employee and Operational Continuity - Approximately 900 employees will transition to the new Indian Motorcycle Company, retaining key personnel including engineers and designers [5] - Indian Motorcycle will continue to operate independently, providing sales, service, and support through its global dealer network [5] Financial Performance and Future Outlook - Polaris is scheduled to report its Q3 2025 results on October 28, 2025, with preliminary sales expected to be at the high end of the guidance range of $1.6 billion to $1.8 billion [8][9] - Adjusted EPS for Q3 is anticipated to be between $0.31 and $0.41, significantly higher than previous expectations due to strong cost management and operational efficiency [9]