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 the schedule for its third quarter 2024 earnings conference call and webcast. The event will take place on Tuesday, October 22, 2024, at 9:00 AM central time. The call will be hosted by Mike Speetzen, Chief Executive Officer, and Bob Mack, Chief Financial Officer.
Financial results will be posted on the company's investor relations website prior to the call. A slide presentation and webcast link will also be available on the same site. Interested parties can listen to the conference call by phone using the provided U.S. and International dial-in numbers. A replay of the webcast will be accessible through the company's website or via phone using the given replay numbers and access code.
Polaris dominated the 5th SCORE Baja 400 in Ensenada, Mexico, securing the top four UTV Overall and Pro UTV Open class positions. Cayden MacCachren, driving a RZR Pro R Factory, claimed his fourth consecutive win in the SCORE series. Teammate Brock Heger finished second, followed by Polaris-supported racers Wayne Matlock and Branden Sims in third and fourth.
The 425-mile race was challenging, with heavy dust and rough terrain. MacCachren's victory strengthens his lead in the Pro UTV Open Championship points standings. In a notable move, Max Eddy Jr. competed in Class 1 with his RZR Pro R Factory, finishing fifth against open-wheel unlimited vehicles.
The Polaris Factory Racing team will next compete in the SCORE Baja 1000 on November 12-17, 2024, for the season's final race.
509, a leading powersports apparel brand, has partnered with Ken Block's family and the 43 Institute (43i®) to launch the KB4EVER™ Altitude 2.0 -Edition Helmet. This project, originally started by Ken Block in 2022, features a design on 509's best-selling mountain-style helmet. Key features include lightweight construction, airflow control vents, Fidlock® chinstrap, and DOT/ECE USA certification.
A portion of the helmet's sales will be donated to 43i to support programs promoting helmet safety, including Project Brain Bucket. The helmet will be available for purchase at the Sno Barron Hay Days event in Northfield, Minnesota, starting September 7, 2024, as well as at select dealerships and on Ride509.com.
509, a leading snowmobile gear brand, has unveiled its Winter 2025 Collection, showcasing innovative designs and cutting-edge technology. The collection introduces several industry breakthroughs, including:
- The Tactical 3.0 helmet, 509's first open-face helmet with communication integration
- The 509 UCS Spirit Module by Cardo®, enhancing rider safety with a 400-meter Bluetooth® intercom
- The Saber Single Boa Boot with 1,000 grams of Primaloft® insulation
- An upgraded Ignite Heated Jacket featuring clim8® intelligent heating technology
These products cater to both mountain and trail riders, emphasizing 509's commitment to purpose-built gear for diverse riding needs.
Polaris Off Road has announced its lineup for the 47th Edition 2025 Dakar Rally. Brock Heger, the 2023 SCORE Pro UTV Open Champion, will make his Dakar debut with Max Eddy Jr. as navigator. Xavier De Soultrait returns to defend his SSV Class Championship. Both drivers will pilot the Gen 2 RZR Pro R Factory machine, which has been enhanced for performance and durability.
The RZR Pro R Factory features a one-piece chassis, stronger frame, adjustable suspension, and improved electronics. Many components remain stock, showcasing the platform's capability. The race begins on January 3, 2025, in Bisha and ends on January 17, 2025, in Shubaytah, Saudi Arabia.
Polaris Off Road has unveiled its 2025 lineup with significant upgrades and new models. Key highlights include:
1. Two-year warranty across the entire RANGER lineup
2. Return of the RANGER XP 1000 NorthStar Trail Boss Edition
3. Introduction of the GENERAL 4 1000 Sport model
4. Updated features, colors, and graphics across various models
5. New LED headlights for select Sportsman models
6. Expanded RIDE COMMAND and RIDE COMMAND+ offerings
7. Refreshed RZR lineup with new colorways and trim-level enhancements
8. New colors and graphics for the Polaris XPEDITION lineup
9. Youth lineup updates including new colors and Helmet Aware Technology
Polaris Off Road unveils the 2025 RZR Pro lineup, featuring the RZR Pro R, Pro S, and Pro XP models. The new lineup boasts enhanced styling, performance, and rider experience. Key upgrades include:
- Return of iconic RZR Fang Lighting
- New fresh cabin air intakes and cab radiator deflectors
- Refined dash and storage
- Industry-first heated and vented seats (Pro R Ultimate)
- Upgraded seating with enhanced contouring
- New solid doors with double latch and door seal
- Rockford Fosgate® Stage 4 Audio (Ultimate trims)
The RZR Pro R delivers 225HP, while Pro S and Pro XP offer 181HP. Pricing starts at $34,999 for Pro R, $26,999 for Pro S, and $23,999 for Pro XP. Models will be available in August 2024.
Polaris (NYSE: PII) has announced a regular quarterly cash dividend of $0.66 per share. The dividend will be payable on September 16, 2024 to shareholders of record at the close of business on September 3, 2024. This declaration by the Board of Directors demonstrates Polaris' commitment to providing consistent returns to its shareholders. The dividend announcement is a positive signal of the company's financial stability and confidence in its future performance.
Polaris Inc. (NYSE: PII) has released its second quarter 2024 financial results on July 23, 2024. The earnings report is available on the company's Investor Relations website at ir.polaris.com and has been filed with the SEC on Form 8-K. Polaris will host a conference call and webcast for analysts and investors at 9:00 a.m. CT to discuss the results. Interested parties can access the call by dialing 1-877-883-0383 or 1-412-902-6506 (Conference ID: 2074111) or via the Webcast link on the company's website. Presentation materials and a replay of the webcast will be made available on the Investor Relations website following the call.
Polaris Inc. (NYSE: PII) has announced a significant senior leadership change. Steve Menneto, the company's President of Off Road, is leaving for a new career opportunity after 27 years with the company. CEO Mike Speetzen expressed gratitude for Menneto's contributions, highlighting his journey from the sales team to overseeing the Motorcycles business and leading the Off Road team for the past five years.
In response to this departure, Speetzen will assume more direct management of Polaris's largest business segment, the Off Road division. He expressed enthusiasm about working more closely with the division's leaders, employees, and dealer network. These leadership changes are effective immediately.
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