Polaris Inds Stock Price, News & Analysis

Polaris Inc. (NYSE: PII) announced its first quarter 2023 financial results on April 25, 2023, available on its Investor Relations website. A conference call for analysts and investors will take place at 9:00 a.m. CT, where the company will discuss the earnings information further. Polaris is recognized as a global leader in powersports, providing a diverse lineup of vehicles including off-road vehicles, snowmobiles, motorcycles, and boats. Since its establishment in 1954, the company has operated in more than 100 countries, enhancing outdoor experiences with innovative products and services. For further details, access the earnings release on ir.polaris.com.

Polaris Inc. (NYSE: PII) announced that the production of its all-new electric RANGER XP Kinetic has commenced at its Huntsville, Alabama manufacturing facility, with first dealer shipments beginning this week. The RANGER XP Kinetic is designed for off-road use, featuring a partnership with Zero Motorcycles and delivering significant performance metrics, including 110 horsepower and 140 lb-ft of torque, enabling it to tow 2,500 lbs and haul 1,250 lbs. The initial order window for the XP Kinetic sold out quickly, indicating high demand. Polaris plans to accept additional orders during the summer. The all-electric vehicle offers advantages like low maintenance costs and reduced noise, making it suitable for various environments.

On April 12, 2023, Polaris Slingshot unveiled its Spring 2023 unisex casualwear collection, featuring designs that reflect its three-wheeled vehicle lineup. The collection, available now on Slingshot.Polaris.com and dealers nationwide, includes two subcollections: "Bold and Colorful" inspired by streetwear, and "Subtle and Sleek" offering neutral options for everyday wear. Items include vibrant tees, hoodies, joggers, and performance shirts, priced between $19.99 and $89.99 MSRP. The collection aims to resonate with Slingshot owners' personal styles, leveraging feedback from brand ambassadors. The apparel is available in unisex sizes from XS to 4XL.

Indian Motorcycle has unveiled the Indian Pursuit Elite, a limited-edition motorcycle with only 150 units available globally, marking its debut alongside the return of the Chieftain Elite with 175 units. Both models showcase premium components and exclusive designs. The Pursuit Elite features a 108 cubic-inch PowerPlus engine, delivering 122 horsepower and 128 ft-lbs of torque, alongside advanced ride technology. The Chieftain Elite is equipped with the Thunderstroke 116 engine, enhancing performance with 126 ft-lbs of torque. Pricing starts at $39,999 for the Pursuit Elite and $35,499 for the Chieftain Elite, expected to ship in spring 2023. These motorcycles exemplify American V-Twin style and comfort, tailored for discerning riders.

Polaris Factory Racing achieved a significant victory in its debut at the 36th annual SCORE San Felipe 250. Team principal Craig Scanlon piloted the RZR Pro R to first place in the Pro UTV Open class, although a post-race penalty moved him to second overall. Polaris racers Wayne Matlock and Mike Cafro secured second and third places, respectively.

All three additional factory drivers—Cayden MacCachren, Austin Weiland, and Brock Heger—finished within the top 10, marking a successful launch for the all-new racing program. Polaris will next compete at the Baja 500 from May 31 to June 4, 2023.