Polaris Inds Stock Price, News & Analysis

Polaris Inc. (NYSE: PII) is set to release its third quarter 2021 financial results on October 26, 2021, followed by a conference call at 9:00 a.m. CT. The call, hosted by CEO Mike Speetzen and CFO Bob Mack, will discuss the company's financial performance. A slide presentation and webcast link will be available on the Polaris Investor Relations website. Polaris reported $7.03 billion in sales for 2020, with a diverse product lineup including off-road vehicles and motorcycles.

Polaris Off Road unveiled the exclusive 2022 GENERAL Troy Lee Designs® Edition, a collaboration celebrating Troy Lee’s artistry in off-road vehicle design. Only 700 units will be produced, each with unique interior branding. This limited edition combines performance with luxury, featuring industry-first technology like RIDE COMMAND for navigation and communication. Starting prices are $27,299 for the two-seat model and $29,499 for the four-seat version. Pre-orders are available now, with deliveries expected in Fall 2021.

Polaris Inc. (NYSE: PII) has reached a milestone by mapping over one million miles of off-road and snowmobile trails on its RIDE COMMAND platform. This interactive digital platform enhances the riding experience, allowing users to find trails, plan routes, and connect with others. Polaris credits local riding clubs for their contributions and is rewarding 80 clubs with $500 each for trail maintenance. Since 2012, RIDE COMMAND has seen significant growth with over 1.2 million downloads, growing by 50% in 2020. The platform is available on various Polaris vehicles and as a mobile app.

Polaris Inc. (NYSE: PII) has appointed Darryl Jackson to its Board of Directors, effective July 29, 2021. Board Chair John Wiehoff expressed confidence in Jackson's financial expertise and automotive experience, which are expected to enhance Polaris' growth trajectory. Jackson currently serves as vice president at Hendrick Automotive Group and previously held significant roles in financial services and leadership at Chrysler Automotive. He will also join the Board's Audit Committee.

Polaris Inc. (NYSE:PII) has declared a quarterly cash dividend of $0.63 per share. This dividend is payable on September 15, 2021, to shareholders of record as of September 1, 2021. Polaris is a leading company in the powersports industry, generating $7.03 billion in sales in 2020. The company's diverse product range includes off-road vehicles, motorcycles, and various watercraft, serving over 100 countries worldwide.

Polaris, a leader in powersports, has launched its 2022 lineup featuring innovative models across its RANGER, RZR, GENERAL, and Sportsman brands. The lineup boasts the new RANGER SP 570, upgraded full-sized RANGERS, and advanced RZR models with enhanced performance and safety. Notably, the RZR 200 EFI targets youth riders with key safety features. Polaris also partners with Rhino-Rack to introduce storage solutions for their vehicles. With a commitment to outdoor adventure, Polaris aims to meet the needs of both new and experienced riders.

Polaris has partnered with Rhino-Rack® to launch premium storage solutions for RANGER and GENERAL off-road vehicles. This collaboration, announced on July 29, 2021, introduces innovative roof and bed racks designed for versatility and easy installation. The storage solutions are crafted with durable materials and rigorously tested for off-road conditions, enhancing cargo capacity and organization for outdoor enthusiasts. The products will be available online and through local dealers, marking a significant step in Polaris' commitment to enhancing the adventure lifestyle for its customers.

Polaris has launched the all-new RANGER SP 570, enhancing its leading RANGER lineup. This model boasts improved capability, comfort, and a larger cargo box, making it ideal for farmers, ranchers, and outdoor enthusiasts. The RANGER SP 570 is available in various models starting at $10,499, with the NorthStar Edition priced at $16,999. With a class-leading 44 horsepower engine, it can tow up to 1,500lbs. The redesign focuses on user comfort, featuring better legroom and storage space, while also offering customization options with 40 new accessories.

Polaris Inc. (NYSE: PII) reported a strong Q2 2021 with sales of $2,117 million, a 40% increase from $1,512 million in Q2 2020. Net income reached $158 million, or $2.52 per diluted share, a significant recovery from a net loss of $235 million in the same quarter last year. Adjusted net income was $169 million, up from $81 million. Gross profit rose 66% to $551 million, driven by increased volume and favorable pricing, despite challenges from supply chain constraints. The company raised its full-year earnings guidance to $9.35 to $9.60 per diluted share, up from last year's $7.74.