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) is promoting outdoor activities on National Get Outdoors Day, June 11, encouraging consumers to engage with its range of powersport products. The campaign features a betting initiative on whether ten of the cloudiest U.S. cities will experience sunshine on that day. Participants can join Team Sunny or Team Cloudy, with chances to win prizes, including Polaris Adventures experiences. Polaris also highlights its expansion of the Polaris Adventures Select subscription service, enhancing access to its vehicles nationwide.
Polaris Inc. (NYSE: PII) launches a national expansion of its Polaris Adventures Select membership program, allowing members to explore various outdoor activities across nearly 200 locations in the U.S. Monthly memberships start at
Polaris Inc. (NYSE: PII) will present at the Baird 2022 Global Consumer, Technology & Services Conference in New York City on June 7, 2022, at 12:50 p.m. Eastern Time. CFO Bob Mack will provide an overview and answer questions during the event. Investors can access the live webcast and presentation via the Polaris Investor Relations website. Following the event, a replay will also be available. Polaris, a leader in powersports since 1954, reported annual sales of $8.2 billion in 2021, showcasing products like the RANGER® and RZR® off-road vehicles, motorcycles, and more.
Polaris Inc. (NYSE: PII) appoints Ben Duke as the new president of Marine, succeeding Jake Vogel, who will transition to a strategic advisory role. Duke has been with Polaris since 2019, managing the Godfrey and Hurricane brands, and has previously held leadership positions at Briggs and Stratton and Mercury Marine. The company acknowledges the Vogel family’s significant impact on the boating industry, particularly through brands like Bennington. Polaris aims to continue enhancing its Marine business under Duke's leadership.
Polaris Inc. (NYSE: PII) showcased remarkable performance at the 2022 Best In The Desert Jimco Racing Silver State 300.
Polaris Inc. (NYSE: PII) has declared a regular quarterly cash dividend of
Polaris Inc. (NYSE: PII) reported first-quarter sales of $1,957 million, flat year-over-year, and earnings per share (EPS) of $1.14, a 46% decline. Adjusted EPS was $1.29, down 44%. Supply chain challenges and inflation drove a 48% drop in net income to $70 million. Retail sales decreased 22%, contrasting last year’s 70% rise. The company repurchased ~1.5 million shares for $172 million, maintaining a strong demand despite operational hurdles. They forecast 2022 sales between $9,215 million and $9,455 million, with adjusted EPS expected between $10.10 and $10.40.
Polaris Inc. (NYSE: PII) announced a donation of nearly $120,000 to 13 organizations through its T.R.A.I.L.S. Grant Program. This initiative supports the development and improvement of off-road trails and promotes safe riding practices nationwide. Grant amounts range from $6,000 to $10,000, benefiting local clubs and nonprofits. Since 2006, the program has awarded over $3 million to various recreational organizations, enhancing trail access and education for safe riding. The Spring 2022 recipients include clubs from multiple states contributing to the off-roading community.
Polaris Slingshot has announced that starting April 20, drivers in New York can operate a Slingshot with a standard D-class driver's license instead of needing a motorcycle endorsement. This change reclassifies the Slingshot as a three-wheeled motor vehicle, making it more accessible to a wider audience. The Slingshot features a unique three-wheel design and offers various models ranging from $20,799 to $35,799, enhancing personalization options for drivers. The company aims to expand its community of Slingshot enthusiasts across New York.
Polaris Inc. (NYSE: PII) has expanded its innovative Polaris Adventures Select membership program to four additional states: Michigan, Minnesota, South Dakota, and Wisconsin. This monthly membership enables users to access a wide range of Polaris vehicles, including on-road and off-road options, starting at
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