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.
Indian Motorcycle has launched the all-new eFTR Mini electric youth bike, expanding its offerings for entry-level riders. Priced at $499.99, the Mini is 20% smaller and 50% lighter than the eFTR Jr, featuring a durable steel frame and an 18.4-inch seat height suited for children aged eight and older. Its 24-volt battery allows for up to 30 minutes of ride time, reaching speeds of 14 mph in high mode. This new model aims to provide an accessible option, building on the positive response received for the eFTR Jr, and is available just in time for the holidays.
Gas Monkey Garage is partnering with Polaris Slingshot to showcase a custom build through a five-part video series on Polaris Slingshot’s YouTube channel, debuting on October 12 at 10:00 a.m. CT. Richard Rawlings will modify his personal 2021 Slingshot, emphasizing the vehicle's customization potential. Each episode will document the build's progress, challenges, and final reveal. The 2021 Slingshot lineup starts at $19,999, featuring various models that allow for personalization.
Polaris Inc. (NYSE: PII) is set to release its third quarter 2021 financial results on October 26, 2021, followed by a conference call at 9:00 a.m. CT. The call, hosted by CEO Mike Speetzen and CFO Bob Mack, will discuss the company's financial performance. A slide presentation and webcast link will be available on the Polaris Investor Relations website. Polaris reported $7.03 billion in sales for 2020, with a diverse product lineup including off-road vehicles and motorcycles.
Polaris Off Road unveiled the exclusive 2022 GENERAL Troy Lee Designs® Edition, a collaboration celebrating Troy Lee’s artistry in off-road vehicle design. Only 700 units will be produced, each with unique interior branding. This limited edition combines performance with luxury, featuring industry-first technology like RIDE COMMAND for navigation and communication. Starting prices are $27,299 for the two-seat model and $29,499 for the four-seat version. Pre-orders are available now, with deliveries expected in Fall 2021.
Polaris Inc. (NYSE: PII) has reached a milestone by mapping over one million miles of off-road and snowmobile trails on its RIDE COMMAND platform. This interactive digital platform enhances the riding experience, allowing users to find trails, plan routes, and connect with others. Polaris credits local riding clubs for their contributions and is rewarding 80 clubs with $500 each for trail maintenance. Since 2012, RIDE COMMAND has seen significant growth with over 1.2 million downloads, growing by 50% in 2020. The platform is available on various Polaris vehicles and as a mobile app.
Polaris Inc. (NYSE: PII) has appointed Darryl Jackson to its Board of Directors, effective July 29, 2021. Board Chair John Wiehoff expressed confidence in Jackson's financial expertise and automotive experience, which are expected to enhance Polaris' growth trajectory. Jackson currently serves as vice president at Hendrick Automotive Group and previously held significant roles in financial services and leadership at Chrysler Automotive. He will also join the Board's Audit Committee.
Polaris Inc. (NYSE:PII) has declared a quarterly cash dividend of $0.63 per share. This dividend is payable on September 15, 2021, to shareholders of record as of September 1, 2021. Polaris is a leading company in the powersports industry, generating $7.03 billion in sales in 2020. The company's diverse product range includes off-road vehicles, motorcycles, and various watercraft, serving over 100 countries worldwide.
Polaris, a leader in powersports, has launched its 2022 lineup featuring innovative models across its RANGER, RZR, GENERAL, and Sportsman brands. The lineup boasts the new RANGER SP 570, upgraded full-sized RANGERS, and advanced RZR models with enhanced performance and safety. Notably, the RZR 200 EFI targets youth riders with key safety features. Polaris also partners with Rhino-Rack to introduce storage solutions for their vehicles. With a commitment to outdoor adventure, Polaris aims to meet the needs of both new and experienced riders.
Polaris has partnered with Rhino-Rack® to launch premium storage solutions for RANGER and GENERAL off-road vehicles. This collaboration, announced on July 29, 2021, introduces innovative roof and bed racks designed for versatility and easy installation. The storage solutions are crafted with durable materials and rigorously tested for off-road conditions, enhancing cargo capacity and organization for outdoor enthusiasts. The products will be available online and through local dealers, marking a significant step in Polaris' commitment to enhancing the adventure lifestyle for its customers.
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