Polaris Inds Stock Price, News & Analysis

Polaris Inc. (NYSE: PII) has launched the Empowersports Diverse Riding Council, featuring 16 multicultural riders to enhance diversity in powersports. This initiative aims to foster community engagement and safety while promoting outdoor adventures. Polaris plans to grow its customer base by more than 50% over the next decade, leveraging insights from varied rider demographics. Recent trends show 70% of new customers are first-time Polaris users, including significant increases among women and multicultural participants.

Polaris Inc. (NYSE: PII) will present at the Raymond James 43rd Annual Institutional Investors Conference on March 9, 2022, at 8:05 a.m. Eastern Time in Orlando, Florida. CEO Mike Speetzen and CFO Bob Mack will discuss the company's performance and current business conditions. Interested investors can access the live webcast and slide presentation on the Polaris Investor Relations website. Polaris, a leader in the Powersports industry with $8.2 billion in annual sales as of 2021, offers a diverse range of outdoor vehicles.

Polaris Inc. (NYSE: PII) announced the expansion of its distribution facility in Wilmington, Ohio, adding 165,000 square feet to enhance its Aftermarket, Parts, Garments, and Accessories (PG&A) business. The total facility size will increase to 465,000 square feet, improving distribution capacity and customer service. The expansion will create 20-25 jobs over three years. Polaris aims to optimize operations and better serve dealers in the eastern U.S. Groundbreaking is scheduled for Spring 2023, with completion expected in the same season.

Polaris Timbersled has unveiled its new 2023 lineup, emphasizing innovation in snow bike systems. The ARO 3 Gen 2 Suspension features a 12lb weight reduction, enhancing rider handling in tough terrain. The Quick Drive Timbersled (QDT) belt drive system improves power delivery and reduces maintenance. The models now include three trim levels: PRO, Premium, and Sport, offering customization for varied riding styles. The PRO package, available only during pre-order, includes high-performance shocks and lightweight components.

Polaris Inc. (NYSE: PII) has unveiled its 2023 snowmobile lineup, marking a significant innovation in performance and efficiency. The new models include the Patriot Boost Indy VR1 and Patriot Boost Switchback Assault, both featuring the lightweight Matryx platform and the powerful Patriot Boost engine. Additionally, the new Patriot 9R engine expands the mountain lineup, enhancing deep snow performance. The ProStar S4 engine promises spirited performance under 100 horsepower. Polaris aims to deliver better winter experiences for all riders with these advancements.

Polaris Inc. (NYSE: PII) recently held its 2022 Analyst and Investor Day, outlining its long-term growth strategy. The company aims to expand its customer base by 50% over the next decade while delivering an exceptional customer experience. Key objectives include enhancing brand loyalty, driving innovation particularly in electrification, and improving operational efficiency. Polaris anticipates 2022 sales between $9.2 to $9.5 billion, marking a 12-15% increase from 2021, with adjusted earnings per share expected between $10.10 and $10.40.

Polaris Inc. (NYSE: PII) is set to host an Analyst/Investor Meeting on February 24, 2022, from 8:00 a.m. to 11:30 a.m. PT in Las Vegas. The theme, “Leading from the Front,” highlights Polaris's commitment to innovation and customer satisfaction. The meeting will feature key executives presenting the company's revised long-term strategy aimed at enhancing growth and profitability in the powersports market. Interested individuals can access the live webcast by visiting the Polaris Investor Relations website.