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 Slingshot has announced its 2023 lineup, featuring vibrant paint options and over 50 new accessories for customization. The lineup includes new enhancements such as a 7-inch Touchscreen Display with RIDE COMMAND, Bluetooth connectivity, and Apple CarPlay integration. New accessories include the RAM® X-Grip Phone Mount and Excursion Rearview Mirror. Pricing starts at
Polaris Inc. (NYSE: PII) announced a
Indian Motorcycle unveiled its 2023 model lineup, introducing the FTR Sport and Indian Challenger Elite, alongside numerous updates and color options. The FTR Sport features a four-inch touchscreen display and three ride modes, while the Indian Challenger Elite offers best-in-class power with 122 hp and premium features, limited to 150 units worldwide. The lineup emphasizes personalization with nine new accessories and a broader range of models suitable for various riders. Pricing for the FTR starts at $13,499, with models beginning to ship soon.
Polaris Inc. (NYSE: PII) has declared a quarterly cash dividend of
Indian Motorcycle has launched its 2022 ‘Honoring Heroes’ apparel collection, featuring 13 new military-inspired styles. Until November 30, 2022, 100% of profits will be donated to the Armed Services YMCA for their Operation Ride Home program, supporting active-duty military personnel. The collection includes a range of casualwear for both men and women, reflecting Indian Motorcycle's commitment to honoring military service. The initiative aims to raise up to $100,000 for military families.
Polaris Inc. (NYSE: PII) reported a robust third quarter in 2022, achieving sales of $2,341 million, a 32% increase compared to last year. Reported diluted earnings per share (EPS) from continuing operations rose to $3.17, marking a 69% rise. This performance was driven by higher volumes and strong pricing, despite an 8% decline in retail sales due to ongoing supply chain challenges. The company maintained its 2022 sales guidance increase of 15% to 16% and adjusted diluted EPS guidance of $10.10 to $10.30.
Polaris Inc. (NYSE: PII) will release its third quarter 2022 financial results on October 25, 2022, with a conference call scheduled for 9:00 a.m. central time.
The call will be hosted by Mike Speetzen, CEO, and Bob Mack, CFO. A slide presentation and webcast link will be available on the Polaris Investor Relations website.
Polaris is a leader in powersports, offering a diverse range of vehicles and accessories, and has been a pioneer in outdoor experiences since 1954.
Polaris RZR announces the return of Camp RZR, set for October 28-29, 2022, at Glamis Imperial Sand Dunes. After a two-year break, this event welcomes riders with free admission and various family-friendly activities. Highlights include performances by punk rock bands Pennywise and Face to Face, demonstrations of new RZR models, and a chance to meet top RZR racers. The event aims to strengthen the community among Polaris riders, showcasing the lifestyle and camaraderie in the off-roading world.
Indian Motorcycle and Jack Daniel’s raised $55,000 through the auction of the 2022 Limited Edition Indian Challenger Dark Horse in Dallas, Texas. This auction marks a total of over $400,000 raised over six years, benefiting the Operation Ride Home program, which aids over 10,000 active military families. The partnership emphasizes American craftsmanship and supports military personnel's family reunification during holidays. Indian Motorcycle and Jack Daniel's continue to honor their commitment to the U.S. military with their annual auction.
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