Polaris Inds Stock Price, News & Analysis

Polaris Slingshot has announced a partnership with ROUSH Performance to launch the new Slingshot ROUSH Edition, designed for performance enthusiasts. Built on the Slingshot R platform, it features a 203-horsepower ProStar engine, premium components like Brembo brakes, and an exclusive graphics package. The vehicle will be available in Racetrack Red, with pricing starting at $37,349 for manual transmission and $39,499 for AutoDrive, shipping in spring 2023. This collaboration aims to blend ROUSH's performance heritage with the adventurous Slingshot lifestyle.

Polaris Racing kicked off the 2023 UTV racing season at the King of the Hammers with a dominant performance, achieving a podium sweep in the Desert Challenge. Branden Sims secured the overall victory in his race-modified RZR Pro R, finishing ahead of Doug Mittag and Brayden Baker. Sims's victory builds on his recent success at the Baja 1000. The Polaris RZR Pro R is gaining recognition as the most capable UTV in desert racing, with impressive performance and durability. Team Polaris Racing Manager Brett Carpenter emphasized the significance of this win as validation for the RZR Pro R platform.

Polaris Inc. (NYSE: PII) has announced a 2% increase in its quarterly cash dividend, now at $0.65 per share, marking the 28th consecutive year of dividend increases. This increase is effective for the 2023 first quarter dividend, payable on March 15, 2023, to shareholders of record as of March 1, 2023. CEO Mike Speetzen stated that the company is well-positioned financially to meet its 5-year targets and remains committed to rewarding shareholders. This announcement reinforces Polaris' reputation as a dividend aristocrat.

Polaris Off Road has expanded its offerings for 2023, reintroducing popular models such as the RANGER CREW XP 1000 Texas Edition and RANGER SP 570 NorthStar Edition, designed for ranchers and utility users. These vehicles feature enhanced performance, durability, and comfort, tailored for rugged terrains. The RANGER CREW XP 1000 starts at $24,299, boasting a 2,500 lb towing capacity. The NorthStar Edition offers a fully enclosed cab with factory-installed heating for winter use. Polaris also brings back the Sportsman series, including the Sportsman 850 and XP 1000 High Lifter Editions, focusing on mud performance and equipped with advanced technology. Full details are available on Polaris' website.

Polaris Inc. (NYSE: PII) announced its fourth quarter and full year 2022 financial results, available on their Investor Relations website. The data can also be found on the SEC's website via Form 8-K. A conference call with analysts and investors is scheduled for January 31, 2023, at 10:00 a.m. CT. Polaris, a leader in powersports, produces a wide range of vehicles, including off-road vehicles, snowmobiles, and motorcycles, and serves over 100 countries globally. The company's innovative product line emphasizes outdoor enjoyment since its inception in 1954.

Polaris Inc. has launched two limited edition models in collaboration with Troy Lee Designs: the RZR Pro R and RZR 200 EFI, enhancing their stylish appeal and performance capabilities. The RZR Pro R, priced at $44,999, boasts a powerful 2.0L engine delivering 225 horsepower, advanced suspension, and a unique design, while the RZR 200 EFI, available for $7,499, is designed for young riders with safety features and adjustable components. Each model is limited to approximately 1,000 units globally, showcasing custom graphics and premium technology. This partnership reinforces Polaris' commitment to innovation in the off-road vehicle market.

Polaris Inc. (NYSE: PII) will release its fourth quarter and full-year 2022 financial results on January 31, 2023. A conference call led by CEO Mike Speetzen and CFO Bob Mack will occur at 10:00 AM central time the same day. Financial results will be accessible on ir.polaris.com after an alert is issued. Investors can participate via phone or online, with a replay available post-call.

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 $21,499 for the Slingshot S model. The vehicles are set to ship to dealers in early 2023, allowing consumers to explore personalized options that suit their lifestyle.

Polaris Inc. (NYSE: PII) announced a $110,000 donation through its T.R.A.I.L.S. Grant Program to support 11 off-road and snowmobile organizations in the U.S. This grant aims to enhance trail development and promote safe riding practices. In 2022, Polaris has contributed nearly $230,000, accumulating over $3 million since the program's inception in 2006. The awarded organizations will utilize funds for trail preservation and educational initiatives, critical for maintaining enjoyable outdoor experiences.