Welcome to our dedicated page for Polaris Inds news (Ticker: PII), a resource for investors and traders seeking the latest updates and insights on Polaris Inds stock.
Polaris Inc. (NYSE: PII) regularly issues news and press releases that reflect its role as a powersports and outdoor recreation manufacturer. Company announcements highlight developments across off-road vehicles, snowmobiles, three-wheeled moto-roadsters, motorcycles, marine products, and experience-based offerings. This news page aggregates those updates so readers can see how Polaris’ operations, products, and programs evolve over time.
Recent news emphasizes Polaris’ focus on outdoor experiences and powersports performance. Examples include the return of the Free Snowmobile Rides program through Polaris Adventures, which offers complimentary one-hour rides on Polaris snowmobiles at participating locations, and detailed coverage of Polaris RZR Factory Racing, which reports on race results and championships in major off-road events such as the Dakar Rally, King of the Hammers, the Mint 400, Vegas to Reno, and the SCORE Desert Series. Other releases discuss collaborations that extend Polaris’ presence into digital spaces, such as the inclusion of Polaris RZR Pro R 4 and Sportsman XP 1000 vehicles in Call of Duty: Warzone and related game modes.
Polaris also uses news releases to introduce model-year lineups and product updates for brands associated with the company. These include announcements for Polaris Slingshot three-wheeled vehicles, Indian Motorcycle cruiser, bagger, and touring motorcycles, and Godfrey and Bennington pontoons. Such releases often describe new paint schemes, accessories, comfort and technology features, and design changes, providing insight into how Polaris refreshes its offerings.
In addition, Polaris issues news related to financial and capital markets activities, such as the pricing of senior notes, and to corporate events like earnings conference calls. By following PII news, investors and enthusiasts can monitor product introductions, racing achievements, experiential programs, partnerships, and selected financing activities that the company chooses to highlight publicly.
Polaris Off-Road has launched a new content series titled Sunday Strolls, featuring athletes like Chad Johnson and Roy Jones Jr. The series showcases extreme joy rides in the Polaris RZR Pro R, guided by off-road champion RJ Anderson. The goal is to introduce new audiences to the excitement of side-by-side vehicles. The series debuts on the Polaris RZR YouTube channel, with episodes highlighting each athlete's experience. The RZR Pro R boasts a class-leading 225 horsepower engine, setting a new standard in the off-road vehicle market.
Polaris Inc. unveils its 2023 lineup featuring significant upgrades across various models, including the enhanced RIDE COMMAND+ mobile app for connected vehicle services. The new GENERAL XP 1000 Sport trim aims to broaden accessibility for adventure-seekers. Models like the RZR Turbo R and RANGER XP 1000 showcase performance and technological advancements. Key offerings include vehicle health monitoring, ride tracking, and improved safety features. The lineup will begin shipping this fall, with RIDE COMMAND+ available for standard models and as an accessory for others.
Polaris Inc. (NYSE: PII) has declared a quarterly cash dividend of $0.64 per share, payable on September 15, 2022. Shareholders on record by the close of business on September 1, 2022 will receive this dividend. As a leading company in the powersports industry, Polaris specializes in various vehicles, including off-road and electric vehicles, and has been a pioneer in outdoor experiences since 1954.
Polaris Inc. (NYSE: PII) reported second quarter sales of $2,063 million, an 8% increase year-over-year. However, diluted earnings per share (EPS) from continuing operations fell to $2.34, down 5%, while adjusted EPS decreased 7% to $2.42. Gross profit margin contracted to 23.0%, primarily due to inflationary costs and supply chain issues. Despite these challenges, the company anticipates full-year sales growth of 13% to 16% and adjusted EPS guidance of $10.10 to $10.30.
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.
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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.