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 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.
Polaris has unveiled three new limited-edition off-road vehicles aimed at hunters and ATV enthusiasts. The 2021 RANGER XP 1000 Big Game Edition and Waterfowl Edition, starting at $20,199, feature enhanced capabilities for hunting in rugged terrains. The Sportsman 850 Ultimate Trail Edition, priced at $11,499, combines performance with eye-catching design. These new models incorporate advanced features like high-clearance suspension, LED headlights, and specialized accessories curated by renowned hunters. Polaris continues to innovate, reinforcing its leadership in the powersports market.
Polaris Off-Road has launched the 2021 RZR Trail and Trail S models, enhancing trail adventure with new styling and advanced technology. The lineup promises improved rider comfort and agility, featuring narrower stances and shorter wheelbases for easier maneuverability. Key innovations include Ride Command with GPS navigation, factory audio by Rockford Fosgate, and 29 new custom accessories. The RZR Trail lineup starts at $13,399, while the RZR Trail S begins at $15,299. Deliveries are set for early February 2021, affirming Polaris's commitment to leading the off-road market.
Polaris Off-Road announces the addition of off-road racing champion Casey Currie to the RZR Factory Racing team as a brand ambassador. Currie, with a legacy of victories in prestigious races like the Dakar Rally and Baja 1000, will utilize the 2021 Polaris RZR Pro XP Ultimate for his racing endeavors. Currie's affiliation is expected to strengthen Polaris' product development and racing efforts, particularly as he prepares for the upcoming King of the Hammers event.
Polaris Inc. (NYSE: PII) will release its fourth quarter and full year 2020 financial results on January 26, 2021. A conference call will take place at 9:00 a.m. CT the same day, hosted by interim CEO Mike Speetzen and interim CFO Bob Mack. Investors can access a slide presentation on the Polaris Investor Relations website. Phone access for the call is available at 1-877-883-0383 (U.S.) and 1-412-902-6506 (International), using Conference ID 0080812.
Polaris Inc. (NYSE: PII) announced the appointment of Michael Speetzen as interim CEO and Bob Mack as interim CFO, effective January 1, 2021. This follows the departure of Scott Wine, the former CEO. John Wiehoff has been appointed Chair of the Board. Speetzen, previously the CFO, has played a key role in financial management and growth initiatives, while Mack brings experience from corporate development. The transition aims to ensure continuity and support ongoing strategic execution amidst the CEO search.
Polaris Off Road, a leader in powersports, is hosting a livestream event featuring Zac Brown Band on December 27 to support veterans and active military members through the Proud American Thank You initiative. The campaign encourages donations to Camp Southern Ground, with Polaris matching contributions up to $25,000. The event marks the band's first performance since the pandemic began. Zac Brown expressed gratitude for the partnership with Polaris, while Steven Menneto highlighted the company's commitment to honoring veterans.
Polaris Slingshot has unveiled significant upgrades for its 2021 model lineup, enhancing driving experience, style, and audio. Key updates include a refined AutoDrive transmission with paddle shifters and a new Rockford Fosgate audio system with Apple CarPlay integration. Notably, the 2021 models saw a nearly doubled business during peak seasons, with 80% of dealers experiencing stable or increased sales. Starting prices range from $19,999 to $34,799, depending on the model and features. Consumers can learn more about the lineup as it ships to dealers now.
Polaris Slingshot announced the winner of its build-off competition between DUB and The Auto Firm, with DUB's custom blacked-out 2020 Slingshot for Travis Barker taking the title. The event highlighted the Slingshot as a platform for personalization, featuring unique designs that reflect client personalities. DUB's creation boasts a fully blacked-out design complemented by custom seating and an enhanced sound system. The competition reinforces Polaris Slingshot's dedication to innovation and community engagement in the automotive customization sector.
Polaris RZR Factory Racing Team achieved its eighth consecutive championship at the 53rd SCORE Baja 1000, with Wes Miller winning the Pro Turbo class. The team secured the overall win and three podium finishes, with a total of 42 entries. Miller finished the grueling 898-mile race in just over 26 hours, outperforming competitors significantly. Other notable finishes included Adrian Orellana's 2nd and Kaden Wells' 3rd in Pro UTV N/A. Team Manager Brett Carpenter highlighted the success as a testament to Polaris' racing platform, building momentum for the upcoming Dakar Rally in January 2021.
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