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. reports news about its powersports and marine vehicle portfolio, including off-road vehicles, snowmobiles, boats, military, quadricycles and commercial transportation vehicles. Company updates commonly cover RANGER, RZR, Polaris XPEDITION, Bennington pontoons, Slingshot, parts, garments and accessories, along with dealer availability and product-line announcements.
Recurring Polaris news also includes quarterly financial results, guidance commentary, dividend declarations, tariff and manufacturing updates, motorsports activity for RZR Factory Racing, brand partnerships, and TRAILS GRANTS support for off-road and snowmobile riding organizations in the United States and Canada.
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.
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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.
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.