By Adriano Marchese

Polaris withdrew its full-year guidance due to trade and economic uncertainty, and said it expects lower second-quarter sales following a decline in the first quarter.

The automotive manufacturer company said it is withdrawing its outlook for 2025 due to rising uncertainty in the global tariff environment.

For the second quarter, the company said it expects sales in a range of $1.6 billion to $1.8 billion, down from $1.9 billion a year ago, and missing analyst expectations of $1.84 billion, according to FactSet.

In the first quarter, Polaris posted a widened net loss of $66.8 million, or $1.17 a share, compared with a loss of $51.1 million, or 90 cents a share, in the same quarter a year ago.

Adjusted loss, which strips out exceptional costs and one-off items, came to 90 cents a share. According to FactSet, analysts were expecting a loss of 91 cents a share.

Sales fell 12% to $1.54 billion, in line with analyst projections. Sales from its off-road segment, its largest, were down 10% in the quarter to $1.2 billion, while on-road sales fell 20% to $221.8 million. In the marine segment, its smallest, sales declined 7% to $115.4 million.

Across all segments, sales fell largely due to lower demand.

Chief Executive Mike Speetzen said results from the quarter were in line with the company's expectations, and that it will continue to prioritize supporting its dealer network and managing a prolonged industry downturn.

"While consumer uncertainty and a dynamic tariff environment are near-term hurdles, we are thoughtfully navigating these challenges," Speetzen said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 29, 2025 06:36 ET (10:36 GMT)

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