Michael T. Speetzen
good Scott, morning. Thanks, and
market As our with growth gains the accelerated sales improved and second quarter Scott earnings. in generating performance mentioned, share
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our Now, guidance. full let on year me move to
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For or on XXXX, per annually it's $X.XX a $X.XX quarter about basis. a share
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approximately have under authorization. board's the remaining X We shares million current
exchange a dollar. net euro positive had Canadian impact the second and driven in Foreign the by quarter,
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than logistics tariff, in are earnings those sales outlook increase by the year significant additional sales remainder to be the and associated with the expected full costs year. more our for of commodity we're forecasting offset While the improved,
you earnings. for me on some let Now, clarity give second cadence half the quarterly
at a XXXX. half finished half XX% XXXX EPS first increase Our $X.XX, adjusted first of over the
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warranty margins profit basis XX.X% XX down an On gross GAAP well compared to slightly higher to adjusted basis, turning gross were more a commodity than logistics anticipated last savings to expense and margins by VIP gross product in to QX Now, with were improvement the as positive XX.X%. profit tariffs, basis, year, costs, down negative points and On offset margin. mix. being our as
tariff, of margins logistics to year, escalating the full basis in for impact gross and anticipate points the the dilutive down the Given be the commodity with Boat year. expected cost remainder segment, points XX basis now for we pressures XX the to the coupled of margins
our pricing margin the costs guidance of lower, worked diligently logistics impact While to profit and a actions. we portion higher tariffs minimize through have from is gross
offset million of cost into during recall guidance pressure of that logistics some had International our profit sales commodity assumptions. higher additional and pressure. Additionally, we $XX approximately and will margin built our on And the tariff, the help our PG&A of full-year quarter, first gross
materialized List now well and tariff becoming July have Mexico as in since X tariff, to related as X. costs that time, included the However, additional XXX being XXX Canada effective the
surcharges, and have in a tariffs which proposed, on In have guidance. active prior have and included motorcycles of margin not both third guidance. and headwind round been respectively. present These retaliatory in second A and to net Europe of boats cost our tariffs Canada, added we pressures, been XX-basis-point addition, price XXX
certainly our if a enacted. for this environment achieving currently concern additional anticipate outlook, additional tariffs us meaningful we year are headwinds trade and create While year is yet full XXXX current could the
higher half inventory flow in cash first the outlays given was factory the for performance model as expected, and cash preparation down changeover. seasonal year the in operating Our
flow outlook given and exceeded somewhat, Scott our Our be some now high-single-digits the operating final has to expectations, half improved for turn it now With over back performance percent that, for is down expected in cash range. to the I'll thoughts. first
