Polaris Inds Stock Price, News & Analysis

Indian Motorcycle unveiled its 2023 model lineup, introducing the FTR Sport and Indian Challenger Elite, alongside numerous updates and color options. The FTR Sport features a four-inch touchscreen display and three ride modes, while the Indian Challenger Elite offers best-in-class power with 122 hp and premium features, limited to 150 units worldwide. The lineup emphasizes personalization with nine new accessories and a broader range of models suitable for various riders. Pricing for the FTR starts at $13,499, with models beginning to ship soon.

Polaris Inc. (NYSE: PII) has declared a quarterly cash dividend of $0.64 per share, set for payment on December 15, 2022. Shareholders of record will be those holding shares at the close of business on December 1, 2022. This announcement reflects Polaris' commitment to providing value to its shareholders while maintaining its leadership in the powersports industry.

Indian Motorcycle has launched its 2022 ‘Honoring Heroes’ apparel collection, featuring 13 new military-inspired styles. Until November 30, 2022, 100% of profits will be donated to the Armed Services YMCA for their Operation Ride Home program, supporting active-duty military personnel. The collection includes a range of casualwear for both men and women, reflecting Indian Motorcycle's commitment to honoring military service. The initiative aims to raise up to $100,000 for military families.

Polaris Inc. (NYSE: PII) reported a robust third quarter in 2022, achieving sales of $2,341 million, a 32% increase compared to last year. Reported diluted earnings per share (EPS) from continuing operations rose to $3.17, marking a 69% rise. This performance was driven by higher volumes and strong pricing, despite an 8% decline in retail sales due to ongoing supply chain challenges. The company maintained its 2022 sales guidance increase of 15% to 16% and adjusted diluted EPS guidance of $10.10 to $10.30.

Polaris Inc. (NYSE: PII) will release its third quarter 2022 financial results on October 25, 2022, with a conference call scheduled for 9:00 a.m. central time.

The call will be hosted by Mike Speetzen, CEO, and Bob Mack, CFO. A slide presentation and webcast link will be available on the Polaris Investor Relations website.

Polaris is a leader in powersports, offering a diverse range of vehicles and accessories, and has been a pioneer in outdoor experiences since 1954.

Polaris RZR announces the return of Camp RZR, set for October 28-29, 2022, at Glamis Imperial Sand Dunes. After a two-year break, this event welcomes riders with free admission and various family-friendly activities. Highlights include performances by punk rock bands Pennywise and Face to Face, demonstrations of new RZR models, and a chance to meet top RZR racers. The event aims to strengthen the community among Polaris riders, showcasing the lifestyle and camaraderie in the off-roading world.

Indian Motorcycle and Jack Daniel’s raised $55,000 through the auction of the 2022 Limited Edition Indian Challenger Dark Horse in Dallas, Texas. This auction marks a total of over $400,000 raised over six years, benefiting the Operation Ride Home program, which aids over 10,000 active military families. The partnership emphasizes American craftsmanship and supports military personnel's family reunification during holidays. Indian Motorcycle and Jack Daniel's continue to honor their commitment to the U.S. military with their annual auction.

Indian Motorcycle Racing, with Tyler O’Hara, secured the 2022 Mission King of the Baggers Championship at New Jersey Motorsports Park, finishing second in the Main Event. This victory marks O’Hara's second title in three years, highlighting his consistent performance with five podium finishes in seven rounds. The championship was clinched after rival Travis Wyman crashed during the race. The team, bolstered by veteran rider Jeremy McWilliams, optimized the Indian Challenger throughout the season.

Godfrey Pontoons, a leading manufacturer, unveils the Mighty G, the first pontoon specifically designed for electric or gas engines. This 15-foot, versatile craft accommodates up to seven passengers and features compact design elements for enhanced efficiency. The Mighty G is available in two models, optimized for cruising or fishing, and supports a range of electric engines and gas-powered outboards up to 50 HP. Notable features include comfortable seating, a fishing station, and a trailerable Nightshade boat cover. Polaris Inc. (NYSE: PII) continues to innovate in the powersport market through this launch.