Core Viewpoint - Polaris Inc. has shown resilience in its operations despite facing tariff pressures, achieving solid Q4 results but providing softer guidance for the future [2][3]. Financial Performance - Seaport Research adjusted its price target for Polaris from $83 to $80 while maintaining a Buy rating following the company's strong Q4 results [2]. - Polaris delivered over $60 million in cost savings and reduced warranty expenses by $25 million due to improved product quality [6]. Market Position - The company gained market share in key categories such as off-road vehicles, snowmobiles, pontoons, and motorcycles, driven by successful new product launches like the RZR XP S and RANGER 500 [4]. Operational Strategy - Polaris is actively reducing its exposure to China, with material costs from China expected to decrease from 18% in 2024 to 14% by the end of 2025, with a goal of below 5% by 2027 [5]. - The planned separation of Indian Motorcycle is on track to close by the end of the quarter, anticipated to enhance EBITDA margins and adjusted EPS [6]. Company Overview - Polaris Inc. is a leading US manufacturer of powersports vehicles, including off-road vehicles, snowmobiles, motorcycles through Indian Motorcycle, and boats [7].

Fourth Quarter & Full Year 2025 Earnings Presentation January 27, 2026 The data source for retail sales figures included in this presentation is registration information provided by Polaris dealers in North America and Europe compiled by the Company or Company estimates and other industry data sources. The Company relies on information that its dealers or other third parties supply concerning retail sales, and other retail sales data sources related to Polaris and the powersports industry, and this informat ...

Core Insights - Polaris Off Road has announced its 2026 off-road vehicle lineup, celebrating the 40th anniversary of its all-terrain vehicles (ATVs) and emphasizing its commitment to innovation and American engineering [1][3][34] - The new lineup includes various models designed to enhance rider experience and performance, catering to both work and recreational needs [1][3] Product Highlights - The 2026 RANGER 500 is introduced as a new utility vehicle starting at a U.S. MSRP of $9,999, aimed at a broader consumer base with its compact and practical design [2][17] - The Sportsman 570 Premium 40th Anniversary Edition is a limited release that features nostalgic design elements and modern performance enhancements [3][5] - The GENERAL lineup is recognized as the best-selling crossover side-by-side, featuring a 999cc engine and a 600-pound capacity dump box, with refreshed colors based on consumer feedback [7][8][10] - The Polaris XPEDITION offers adventure-ready features with a 114 HP engine and a refined interior experience, catering to riders seeking rugged versatility [11][12][15] - The RZR lineup continues to dominate the sport side-by-side market with advanced suspension technology and customizable features for enhanced performance [21][23][27] Youth Lineup - Polaris is committed to fostering the next generation of riders with its 2026 Youth lineup, which includes safety features like Helmet Aware Technology and customizable speed limits [28][29] - The lineup features vehicles tailored for young riders, such as the Outlaw 70 EFI and RZR 200 EFI, designed to provide a safe and empowering riding experience [30][31][32] Pricing and Availability - The 2026 Polaris vehicle lineup will begin shipping to dealers in August, with various models starting at different price points, including the RANGER lineup starting at $9,999 and the XPEDITION at $39,499 [6][10][16][20][27][32]