Speetzen said the company “couldn’t overcome” $37 million of tariff costs in the quarter, which weighed on adjusted gross margin. He added that ORV mix improved, supported by higher Ranger and NorthStar shipments tied to demand from agriculture and ranch promotional programs. Polaris also saw adjusted EBITDA pressure from the “normalization” of incentive compensation compared with an unusually low level a year earlier, and higher R&D spending as the company accelerated work on key programs. Adjusted EPS was ...