)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
Polaris (PII) investor relations material
Polaris Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary29 Jul, 2025
Executive summary
Second quarter 2025 sales declined 6% year-over-year to $1.85B, driven by lower volumes, negative mix, and higher promotions, but exceeded guidance with share gains in all segments and strong free cash flow generation.
Adjusted EPS was $0.40, down 71% year-over-year but above consensus; reported diluted loss per share was $1.39 due to impairments.
Dealer inventory levels improved, down 13–17% year-over-year (excluding snowmobiles), and operational efficiencies led to lower warranty costs and improved plant performance.
Launched the Ranger 500 at $9,999 MSRP, targeting the entry/value utility segment with strong dealer feedback.
No full-year guidance reinstated due to ongoing macroeconomic and tariff uncertainty.
Financial highlights
Adjusted sales declined 6% year-over-year to $1.85B; international sales down 5%, PG&A sales down 1%.
Gross margin declined 223–232 bps to 19.4–19.5% due to mix and promotions; adjusted EBITDA margin was 6.4%, down 366 bps.
Generated $320M in operating cash flow and $289M in free cash flow for Q2; first half operating cash flow exceeded $400M.
Net leverage ratio ended the quarter at 3.1x EBITDA; $1B in available liquidity and $324M in cash.
Net loss attributable to shareholders was $79M, compared to net income of $69M last year.
Outlook and guidance
No formal full-year guidance provided due to tariff and macroeconomic uncertainty; Q3 sales expected between $1.6B and $1.8B.
Q3 adjusted EPS expected to be negative, with $30M–$40M in incremental tariff impact anticipated.
Management anticipates continued margin pressure from tariffs, supply chain challenges, and inflation for the remainder of 2025.
Currency headwinds and commodity cost volatility expected to negatively impact full-year net income.
Retail expected to be flat year-over-year in Q3; price increases to be low single digits, offsetting promotions.
Why is full year 2025 guidance withheld?
What drove the Marine segment sales increase?
Explain the On Road segment goodwill impairment.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Polaris earnings date
Q3 202528 Oct, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
Polaris Inc designs, engineers, and manufactures powersports vehicles including all-terrain vehicles, snowmobiles, motorcycles, and utility task vehicles. The company also offers parts, garments, and accessories through a global dealer network. It serves recreational and commercial markets in North America and internationally. The company is headquartered in Medina, Minnesota, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage