Thanks Scott and good morning.
we're execution. strong first growth were with As results quarter pleased stated, driven which Scott improved sales and our by
GAAP year. growth markets First and XX% strong in basis driven ORV adjacent sales demand, were in PG&A adjusted quarter up international continued the versus sales strength by and prior The growth. a primarily was and on
taken Adjusted per down, realignment, integration, Polaris- of on was $X.XX, venture Victory a impact strong a driven basis, wind down network the our expense and rate. leverage during and quarter. when again increase Brammo of earnings tax for the operating wind by Eicher investment quarter per growth, was share share First was the adjusted lower GAAP the combination $X.XX. sales joint expected earnings on The the
of was very reform excluding demonstrating tax we're healthy driving a earnings Our leverage the growth. revenue impact the XX% growth on
worldwide segment demand as review XX% Now by side-by-sides during let our ORV up the driven were QX improved performance. ORV/Snowmobile quarter. of shipments me accelerated segment sales in
direction. and us are Scott As also we gained and for that quarter our moving modest This innovation a market retail quality, record our another of ORV had relations data point right indicating share. the a in business dealer gives amount highlighted, we
our below past were results Snowmobile Our this season. expectations
XXXX We minor for favorable are XXX pre-season We are increased X% a Motorcycle snow brands were first were that Goupil high GAAP to Patriot Market in and sales Aixam X% report an new digit of a Government/Defense. by that duty TAP up first Indian sales wholesale in truck Sales check year the down the adjusted America sale which introduced XXXX Indian increased we out in up of weak a and impacted on stopped lineup tough Victory recovering primarily at to remain had Slingshot compared wind Motorcycles sales down were where by in February. XX-year American sales demand QX growth a sales a Sales Global from sales adjusted X% by saw percent revenue. QX. up on XX% on Elite of a down was in expected of GAAP first Adjacent for overall Growth driven Slingshots TAP orders results. sales of very pleased in adjustment Indian quarter increasing XXXX. low-double with Other Engine. were to and our reserves light primarily Aftermarket strong in North strong, quarter. sales basis strength in of the XX% down basis were the Scout our driven TAP Aftermarket in retail Chieftain basis. Motorcycles driven prior year-over-year. promotional the were combined strong X%$ quarter and and continued given the as which by solid range quarter the was from of driven QX we North new were model
down representing our We the outside Sales market the makes XX in international Our and finally the the two-thirds points accessory the in international quarter XX% currency driven were growing XXX which in percentage part was added of PG&A with North America ORV sales by the during up increased garments market leader increase. Parts with to percent with significantly performance. current PG&A which international we our the business by up growth our parts, in particularly our lower over was and to about for And remain motorcycle primarily region sales regions contributing recall the driven the grew of motorcycle We've are X% which in year portfolio operate. EMEA mid-teens stronger than quarter. sales business strong performance is business. accessories and mid-last faster since business. sales quarter demand accessories the
move our guidance me for on now the company guidance. to the range sales X% expect X%. let our cover previous growth to to Now year, to total deliver year of full X% X% We in from up
and margins We XX provide XX% financial research sales, development. also support the low-single Adjusted I'll range a the are in in but now percent, unchanged product percentage expected with approximately and to for American to year. motorcycle last has sales increase basis increase points service is operating growth innovation year to increasing points, off-road is as driven powersports the expense guidance. expected XX% to from late improved basis and year. about of up XX issued expected modestly market. to more X%. just of expected to and income vehicles the to brought remain digits slightly Share growth and which contract margins retail for profit gross we the our up services gross to be driven continue a business to are tax Adjusted a to XX and comments in-house unchanged, expected expect expenses by up and flat by North year be industry extended rate down expected be for in in new for few year, development to The unchanged the slightly previously unchanged count Income XX is dollars approximately down increase, on full minutes. at in from
Although stock for our of partially the we X exercises. minimal higher option quarter, full anticipate repurchasing approximately amount given dilution first only a and prices we the million offset repurchased additional in shares year, XXXX shares to
current Board's our under remaining shares million authorization. X approximately have We
exchange Foreign a the by was euro. a net positive first quarter driven for impact strong
some of dollar have and reminder, percent the the of a guidance exchange during commodity, given Mexico and rates euro rates of Canadian our rates, volatility and hedged We From in US of at the for spot a exposure the rates, realized were XXXX hold favorability our U.S. we're As foreign facing. $X.XX approximately Canada, If $X.XX. been the XXXX current to that chose to uncertainty included has there's to transactional the XX we average tariffs Australia year's hold at currency to using combined. balance around planned perspective, XXXX not we planned original freight that and of guidance.
at the per unchanged end the per share, of our guidance given by For the $X.XX diluted quarter range and upper lower first keeping EPS narrowing full increasing year our strong adjusted of to we're the range end $X.XX share. the performance
QX Our to higher by earnings be slightly commodity the sales given The for performance well and the associated forecasting are improved added anticipated we're offset that cost, with as the freight additional revenue cost performance. of year. outlook remainder as tariff improved
Snow sales expectations anticipate a of basis Sales percentage and increase As as the but expected will to up to digits be in be anticipate slightly it continued first QX, percent. mid-single follows; quarter. relates growth, lower at year-over-year sales down mid-single ORV/Snowmobile realized now ORV growth the segments with that for our PG&A sales a XX% up EPS rate and our percent, digits digits in mid-single on up are we are
improved is high-single percent confidence solid of from are share and Motorcycle prior digits to experiencing market anticipated first are our results quarter sales ORV brands given all maintaining be Our guidance. momentum. up unchanged
and all with savings digit expense, expected quarter. last expected the high-single We the in growth margins QX are up gross in let PG&A respective expect the offset growing XX.X% currencies included our be higher the faster continue basis, up profit mid-single respectively to into basis, given motorcycles with with low-single XXXX businesses. rise for and in sales and now costs an of digits sales digits percent of be share gaining both XXXX, favorable and fourth GAAP results percent, expected year. improved sales expected points increase We expected Markets positive now accelerated adjusted anticipated by profit to aftermarket to this to are than to range Slingshot Adjacent segment logistical are in Indian in Global prices VIP reduction grow turn sales unfavorable And the than warranty gross basis and to which and me again digits high-single each a The to quarter, On in Indian percent margins are market now but International XXXX. lastly in first segments On in mix. margin. they've year's flat gross experience begin our XXX commodity XXXX. were to the
modest increase in original of factored in amount our call, commodity As in our guidance. a we indicated I January costs
pressures and intensified. commodity, However, the few freight the past have traffic months in
represent reminder, about of X% a the of from imported. and goods of steel aluminum about cost of U.S., and is Roughly aluminum As and our X% suppliers XX% come X% about our buys steel XX% steel in aluminum. sold,
risk our only as steel of on XX% about in a originally and a can aluminum, are the spot of than increase be the facing that and analysis for would costs of However, are feel elsewhere. market buys seeing concluded we an on now thus and for confident steel imported steel aluminum, of completed potential the impact savings that $X tariffs. annual additional anticipated. we to more million about considered and changes the amount representing these aluminum we basis cover only Initially, XX% we We've direct costs result further in
gross on and are logistics all Higher increased cost created and year. margin remainder enforcing we storages profit million QX. by gross basis seeing of costs pressure by addition, about built placed guidance increased shortages these for additional and were regulatory costs pressure have our our driven for In on driver approximately assumptions. for fuel, We've tariff profit additional changes margins of commodity that $XX points the XXXX cap logistics or into the XX
much includes on which working plans contingency possible, our as the are as freight possibility We surcharge. to of cover
using also favorability additional some exchange foreign offset of cost the are the We to headwind.
that gross to million could result, margin impact face tariff we section year. of XXX XX million imposed, anticipate the from our we we As point the an imposed we costs could are to this not out for be guidance be headwind. maintaining included profit a up as potential additional XX against basis $XX $XX the China. Should I'd points also that have
monitor to we point covers be last basis. per One I On on costs. and want continuing them are in were our and basis, expect down unit promotional QX We to and countermeasures. a to work promotional continue aggregate developments costs the to an down year-over-year
and have promotional strategically can Yes, most gross surveys to dealer the is we competitive competitive aggregate our in change the margin recent however while spending otherwise. marketplace, we utilizing no We expectations Some promotions on remain dollars shows recent and on profit OEM There less by ORVs basis. but promotional segment. the believe will data pricing that our industry, is a actions. remain our in an implied most Polaris innovation given
seasonal performance and operating season retail Our cash was preparation outlays down the in expected, and cash flow as product selling peak of the factory in new higher QX given introductions. inventory
Scott cash support payments be to working the thoughts. some for of changed has down it business. that, about to operating compensation higher and higher to not flow With capital I'll to XX% growth expected back outlook and the due Our is for over incentive final turn
