Stephen McGregor's questions to Polaris (PII) leadership • Q4 2024
Question
Stephen McGregor of David McGregor asked for more context on the progress with incremental margins and inquired about how far into 2025 the planned production curtailments are expected to extend.
Answer
CFO Bob Mack stated that due to significant cost reductions, Polaris expects to see incremental EBITDA margins in the 30% range when volume recovers. He explained that production curtailments to reduce finished goods will be most pronounced in the first half of 2025 but will continue through the year, partly driven by a large cut in snowmobile production.