Welcome to our dedicated page for Polaris news (Ticker: PII), a resource for investors and traders seeking the latest updates and insights on Polaris stock.
Polaris Inc. (NYSE: PII) is a globally recognized leader in the powersports industry, with a strong focus on innovation and customer satisfaction. Headquartered in Medina, Minnesota, Polaris serves more than 100 countries across five continents, employing over 8,000 people. The company designs, engineers, manufactures, and markets a wide range of high-quality vehicles including off-road vehicles like ATVs and side-by-side vehicles, snowmobiles, motorcycles, and on-road electric/hybrid vehicles.
Recent Achievements and Projects
Polaris' latest ventures include significant upgrades to their RANGER lineup, featuring a redesigned front end, a new transmission, and additional factory-installed accessories. They have also announced the introduction of the RANGER CREW XP 1000 NorthStar Texas Edition and the return of the RANGER CREW XP 1000 Waterfowl Edition. The company continues to expand its market presence, notably in the marine industry, following the acquisition of Boat Holdings in 2018.
Financial Condition
Polaris reported strong financial results for the first quarter of 2024, reflecting robust performance across its product lines. The company is set to release its next financial results on April 23, 2024.
Partnerships and Community Involvement
Polaris is deeply committed to community engagement and environmental stewardship through initiatives like the TRAILS GRANTS program, which supports off-road clubs and organizations. Polaris has donated over $3.5 million to these causes since 2006.
Events and Competitions
Polaris Factory Racing continues to dominate in UTV racing events, recently securing top positions in the SCORE Baja 500 and the San Felipe 250. The company's vehicles, particularly the RZR Pro R Factory, have proven themselves formidable in competitive settings.
Customer Engagement
Polaris also operates Polaris Adventures, offering premium ride and drive experiences at over 250 locations across the U.S. and Canada. This initiative aims to provide customers with unique outdoor experiences and introduce them to Polaris' extensive product lineup.
Polaris Inc. (NYSE: PII) has announced its participation in the Morgan Stanley Global Consumer & Retail Conference on December 4, 2024, at 11:45 a.m. Eastern Time. The event will take place at the InterContinental New York Barclay Hotel in New York. CEO Mike Speetzen and CFO Bob Mack will participate in a fireside chat discussing the company. Interested parties can access the live audio webcast through Polaris's Investor Relations website at ir.polaris.com, where a replay will also be available after the event.
Polaris Inc. (NYSE: PII) announced that Steve Eastman, president of Parts, Garments, and Accessories (PG&A) and Aftermarket, will retire on December 31, 2024. During his 13-year tenure since 2012, Eastman grew the PG&A business from $400 million to approximately $1.7 billion. Andy Williams, currently vice president of PG&A Operations, will succeed Eastman as president effective January 1, 2025. Eastman will remain as strategic advisor through 2025 to support the transition.
Polaris Inc. (NYSE: PII) announced a donation of nearly $85,000 to off-road vehicles, ATV, and snowmobile riding clubs across the US and Canada through its Fall 2024 TRAILS GRANTS program. Combined with Spring 2024 grants, total donations for 2024 exceed $220,000. The program supports nonprofit organizations and local riding clubs in trail development, maintenance projects, and safety education initiatives. Ten organizations received awards up to $10,000 each for various projects including trail restoration, bridge rebuilding, and safety improvements. Since its inception in 2006, the TRAILS GRANTS program has provided more than $3.5 million in support to over 420 organizations.
Polaris Factory Racing's Brock Heger achieved a historic victory at the 57th SCORE Baja 1000, driving solo in his Polaris RZR Pro R Factory. He dominated the UTV field and finished seventh overall among all four-wheeled vehicles - the highest UTV finish since 2007. The win secured Heger the 2024 SCORE UTV Pro Open Class Series Championship. He led nearly every mile of the 864.13-mile course, winning by 45 minutes over second-place finisher Branden Sims. This victory marked Polaris' third straight Baja 1000 win and completed another undefeated season in SCORE series events.
Polaris Inc. (NYSE: PII) has announced the integration of its RZR Pro R 4 vehicle into Season 01 of Call of Duty Warzone® as the Official Off-Road Vehicle Partner. This collaboration extends their partnership following the RZR Pro R's debut in Season 04. The integration aims to connect powersports enthusiasts with gamers by providing an immersive virtual experience of the vehicle's capabilities.
To celebrate this launch, Polaris is organizing a multiweek giveaway with Losi and Corsair, offering prizes including RC cars, gaming equipment, and a grand prize of a Call of Duty: Black Ops 6® inspired Polaris RZR Pro R 4.
Polaris Inc. (NYSE: PII) has launched Polaris Adventures Elite, a comprehensive suite of over 20 business tools designed to help small outdoor experience operators enhance their operational efficiency. The platform includes MPWR Book, a custom-built integrated reservation system specifically tailored for powersports rentals, allowing multiple reservation types and maintenance tracking in one platform. This initiative aims to streamline daily operations for Polaris Adventures Outfitters, who currently operate at over 250 locations across the U.S., Canada, Mexico, and New Zealand.
Indian Motorcycle announces its 2025 lineup, introducing the new Scout Sixty family and Roadmaster Elite. The Scout Sixty lineup, starting at $9,999, includes three models: Scout Sixty Bobber, Sport Scout Sixty, and Scout Sixty Classic, featuring a 999cc engine delivering 65 ft-lbs of torque and 85 horsepower. All models come with ABS and optional Traction Control and Ride Modes.
The ultra-exclusive Roadmaster Elite, to 300 units worldwide and priced at $41,999, features a tri-tone paint scheme, PowerBand Audio with 12 speakers, and a Thunderstroke 116 engine producing 126 ft-lbs of torque. It includes premium features like heated and cooled seats, adaptive LED headlight, and a 7-inch touchscreen display.
Hurricane Boats launches its new 24CC Center Console, a versatile 24-foot boat designed for fishing, tow sports, and day cruising. The model features up to 400 horsepower capability, reaching speeds over 50 mph, and includes a 100-gallon fuel tank. Standard features include a helm station with 360-degree visibility, dual 12-inch displays, 23-gallon baitwell, and six rod holders. The boat comes with a canvas T-top upgradeable to a hard top. Optional features include trim tabs, windlass, Power Pole anchor, and a Fishing Package with trolling motor harness, rocket launchers, and expanded storage.
Hurricane Boats has unveiled its latest model for 2025 - the SunDeck 3200, expanding their yacht series lineup. This 32-foot offshore-capable cabin cruiser combines the brand's signature deck boat design with advanced features. The vessel comes equipped with SeaKeeper II stabilization system, joystick docking, and can accommodate twin outboard engines with up to 1000 horsepower, reaching speeds of 55 mph.
Key features include dual 12-inch multifunction displays, JL® Audio Ultimate Sound System, 32-inch smart TV, dual refrigerators, and an enclosed head with shower. The 250-gallon fuel tank enables multi-day trips, while the carbon fiber arch enhances aesthetics and center of gravity.
Polaris Off Road has launched the RZR Pro R Race Replica Edition, celebrating its dominance in global desert racing. This model, inspired by the undefeated Polaris RZR Pro R Factory race UTV, features exclusive race-livery styling and upgraded components, including color-matched Fang Lighting, Method Race Wheels®, BFGoodrich® Tires, RIGID® Lighting, and Rockford Fosgate® Stage 6 Audio. Only 250 units will be available worldwide, making it a rare opportunity for off-road enthusiasts. The vehicle is built on the new 2025 RZR Pro R Ultimate trim and includes advanced features like heated and vented seats, refined dash and storage, and enhanced cabin air intakes. Shipping begins in November 2024, with prices set at $45,999 for the two-passenger model and $49,999 for the four-passenger model.
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