Polaris Inds Stock Price, News & Analysis

Polaris Inc. (NYSE: PII) will announce its second quarter 2022 financial results on July 26, 2022, followed by a conference call at 9:00 a.m. CT. The call will be led by CEO Mike Speetzen and CFO Bob Mack. Interested parties can access a webcast and accompanying slide presentation on the company's Investor Relations website. A replay will be available post-call. Polaris, a leader in the powersports industry, reported annual sales of $8.2 billion in 2021.

Polaris Inc. (NYSE: PII) has announced a definitive agreement to divest its Transamerican Auto Parts (TAP) business to Wheel Pros. This strategic sale, aimed at refocusing on its core powersports segment, includes TAP's full portfolio and is expected to generate $135 million in cash inflows in H2 2022, with a net sale price around $50 million. While TAP's operations contributed nearly $760 million to Polaris' 2021 revenue, the company will incur a $140 million impairment charge. The transaction is set to close early in Q3 2022, pending closing conditions.

Indian Motorcycle has launched two limited-edition models, the 2022 Indian Challenger Elite and 2022 Chieftain Elite, enhancing its elite bike lineup with exclusive features. Only 200 Challenger Elites and 150 Chieftain Elites are available globally, showcasing premium design, advanced technology, and powerful engines. The Challenger Elite offers a liquid-cooled 108 cubic-inch engine with 122 horsepower, while the Chieftain Elite features an air-cooled Thunderstroke 116 engine with 126 ft-lbs of torque. Prices start at $34,999 for the Challenger and $32,999 for the Chieftain.

Polaris Inc. (NYSE: PII) is promoting outdoor activities on National Get Outdoors Day, June 11, encouraging consumers to engage with its range of powersport products. The campaign features a betting initiative on whether ten of the cloudiest U.S. cities will experience sunshine on that day. Participants can join Team Sunny or Team Cloudy, with chances to win prizes, including Polaris Adventures experiences. Polaris also highlights its expansion of the Polaris Adventures Select subscription service, enhancing access to its vehicles nationwide.

Polaris Inc. (NYSE: PII) launches a national expansion of its Polaris Adventures Select membership program, allowing members to explore various outdoor activities across nearly 200 locations in the U.S. Monthly memberships start at $149, providing access to ATVs, RZR off-road vehicles, Slingshot roadsters, and more. Since its inception, 90% of members are new to powersports, indicating significant customer growth opportunities for Polaris. The program aims to enhance outdoor accessibility and promote flexible riding without ownership barriers.

Polaris Inc. (NYSE: PII) will present at the Baird 2022 Global Consumer, Technology & Services Conference in New York City on June 7, 2022, at 12:50 p.m. Eastern Time. CFO Bob Mack will provide an overview and answer questions during the event. Investors can access the live webcast and presentation via the Polaris Investor Relations website. Following the event, a replay will also be available. Polaris, a leader in powersports since 1954, reported annual sales of $8.2 billion in 2021, showcasing products like the RANGER® and RZR® off-road vehicles, motorcycles, and more.

Polaris Inc. (NYSE: PII) appoints Ben Duke as the new president of Marine, succeeding Jake Vogel, who will transition to a strategic advisory role. Duke has been with Polaris since 2019, managing the Godfrey and Hurricane brands, and has previously held leadership positions at Briggs and Stratton and Mercury Marine. The company acknowledges the Vogel family’s significant impact on the boating industry, particularly through brands like Bennington. Polaris aims to continue enhancing its Marine business under Duke's leadership.

Polaris Inc. (NYSE: PII) showcased remarkable performance at the 2022 Best In The Desert Jimco Racing Silver State 300. Mitch Guthrie Jr finished second overall and second in the 1500 Unlimited Buggy class, just 12 seconds behind the leader and 23 minutes ahead of the top UTV class finisher. Guthrie, starting in ninth, completed the 300-mile race in 5 hours, 23 minutes, and 8 seconds. The team also excelled in the Pro Naturally Aspirated class, sweeping the podium with Max Eddy Jr, Josh Row, and Ethan Groom securing the top three spots.