Polaris Inds Stock Price, News & Analysis

Polaris Inc. (NYSE: PII) announced plans to launch a new electric RANGER utility vehicle by late December 2021, marking a significant step in its electrification strategy. Developed in partnership with Zero Motorcycles, the electric RANGER aims to meet growing consumer demand for electric powersports vehicles. Production will occur at Polaris' Huntsville, Alabama facility. The company aims to enhance performance and capability in off-road experiences, ensuring the new RANGER model aligns with the needs of current and future customers.

Polaris Inc. (NYSE: PII) announced its participation in The Raymond James 42nd Annual Institutional Investors Virtual Conference on March 3, 2021, at 10:00 a.m. ET. Mike Speetzen, the Interim CEO, will discuss the Company’s performance and current business conditions. Investors can access the live webcast and its replay through the Polaris Investor website. Established in 1954, Polaris is a leader in powersports, generating $7.0 billion in sales in 2020 with a diverse product lineup, including off-road vehicles, motorcycles, and boats, serving over 100 countries worldwide.

The RZR Factory Racing team demonstrated its dominance in UTV racing by clinching victory at the 2021 Parker 250, the first event of the Best In The Desert series in Arizona. Mitch Guthrie Jr. piloted his Polaris RZR Pro XP from a 53rd starting position to secure the UTV Overall win, finishing two minutes ahead of the second-place racer with a time of four hours and forty-two minutes. Despite challenging weather and race conditions, Guthrie's skilled driving highlighted the capabilities of the RZR Pro XP, setting a strong tone for the season.

Polaris Inc. (NYSE: PII) announced that Annette Clayton will retire from the Board of Directors at the end of her term on April 29, 2021, after 18 years of service. Chairman John Wiehoff expressed gratitude for her leadership and contributions to the company's transformation into a global powersports leader. Polaris reported $7.0 billion in annual sales for 2020 and continues to innovate in products like off-road vehicles, motorcycles, and boats, serving over 100 countries worldwide.

Polaris Inc. (NYSE: PII) has announced a 2% increase in its quarterly cash dividend, raising it to $0.63 per share. This marks the 26th consecutive year of dividend increases. The first quarter dividend is payable on March 15, 2021, with a record date of March 1, 2021. The company reported generating over $1 billion in cash flow for 2020, asserting confidence in its strong financial position despite global challenges. Polaris remains a Dividend Aristocrat, committed to delivering consistent capital returns to shareholders.

Indian Motorcycle has unveiled enhancements to its popular FTR platform for 2022, aiming to improve performance and rider experience. The updates include a refined engine calibration for better throttle response, along with new 17-inch cast aluminum wheels fitted with Metzeler Sportec tires, enhancing handling and comfort. The lineup features models starting from $12,999 for the base FTR, with advanced options like the FTR R Carbon priced at $16,999. The new models are set to begin shipping to dealers in spring 2021.

Polaris Inc. (NYSE: PII) reported strong Q4 2020 financial results, with sales of $2,156 million, a 24% increase YoY. Net income reached $199 million, up 101%, with diluted EPS of $3.15. Adjusted gross profit also rose significantly, reflecting strong demand across Powersports. Operating expenses decreased slightly, while cash flow improved, with net cash from operations totaling $1,019 million for the year. The company anticipates 2021 sales between $7,950 million and $8,150 million, reflecting a 13-16% growth driven by increasing outdoor recreation activities.