Sales in its boat segment were off 28 percent, and gross profits in the category were down 54 percent.
The builder “redesigned our line and developed all new molds for the latest in modern, elegant and ergonomic deckboats.”
The powersports company bought the troubled brands in January 2019.
The company said a “negative product mix and dealer inventory reductions” lowered sales by 7 percent.
Victor Koelsch starts today.
Sales in the boat segment dropped 11 percent.
Declines in outboard sales were mostly offset by revenues from boat-company acquisitions.
Polaris aims to unite brands with a new tagline and logo.
CEO Wine: “Operational and dealer fundamentals are in good shape.”
Dealers are happy about being with Polaris, analyst reports.
The company said its boat brands “fared well” during show season.
Company expects tariffs to cost $85 million in 2019.
Trade war negatively impacts 2019 expectations.