Reported 3 days ago
Textron is evaluating strategic options for its Powersports division, which includes snowmobiles and off-road recreational vehicles under the Arctic Cat brand, due to ongoing weak demand. The company has paused production and is implementing a restructuring plan, anticipating a pretax special charge of $190 million to $205 million related to the restructuring, which will impact profits in 2024.
Source: YAHOO