Polaris Inds Stock Price, News & Analysis

Polaris RZR has unveiled the RZR Pro XP, which will compete in the 2021 Dakar Rally, showcasing its performance and innovation. The racing team aims to leverage its extensive experience to push the boundaries of side-by-side vehicle design. The RZR Pro XP is equipped with a 925cc turbocharged engine, advanced suspension, and durable stock components, designed to withstand the race's harsh conditions. Polaris aims to build on its history of success in racing, with the Dakar Rally running from January 3 to January 15, 2021.

Polaris Inc. (NYSE: PII) reported Q3 2020 sales of $1,954.6 million, a 10% increase year-over-year, with net income rising 89% to $166.8 million, or $2.66 per diluted share. Operating expenses decreased by 4%, while gross profit surged 22% to $534.6 million, driven by strong demand for ORV, motorcycles, and boats despite supply chain challenges. The company raised its full-year sales guidance to between $6.925 billion and $7 billion, reflecting optimistic market conditions. Cash reserves increased significantly to $820.6 million from $122.2 million in 2019.

Polaris Slingshot has partnered with Minnesota Vikings Tight End Kyle Rudolph to auction his custom, Vikings-themed Slingshot, with proceeds benefiting M Health Fairview University of Minnesota Masonic Children’s Hospital. The auction is live, starting at $11,100, and will close on October 31 at 9 p.m. CT. Rudolph, dedicated to the hospital since 2011, designed this unique vehicle featuring the team's colors and logo. Polaris aims to support community initiatives through this collaboration, enhancing brand visibility while contributing to a charitable cause.

Polaris Inc. (NYSE: PII) has committed $97,000 through its T.R.A.I.L.S. Grants program to improve off-road trails and educate on ATV safety. Ten nonprofit organizations were awarded grants ranging from $8,000 to $10,000 for trail maintenance, safety courses, and other initiatives. Notable recipients include Phoenix Children’s Hospital, which will use its grant to provide ATV Rider Camps. Since 2006, the T.R.A.I.L.S. Grants program has awarded over $2.7 million to 315 organizations, promoting safe riding and environmental preservation.

Polaris RZR Factory Racing secured multiple victories at the 2020 UTV World Championship in Lake Havasu, Arizona, winning the Pro Turbo Desert, Pro N/A Desert, and Pro Short Course classes. Ryan Piplic achieved his first career win in the Pro Turbo class, leading a strong performance from his teammates. The company also launched a youth racing sponsorship program, awarding $15,000 in support to four young racers. Notable wins included Ronnie Anderson in Pro Short Course and Dodge Poelman in Pro N/A Desert, enhancing Polaris's reputation in off-road racing.

Polaris has unveiled the new GENERAL XP 1000 Factory Custom Edition, enhancing its No.1-selling crossover side-by-side lineup. This limited-edition model features a premium matte finish, custom graphics, and upgraded components for an exclusive off-road experience. The vehicle includes advanced tech such as Ride Command and an industry-leading audio system, appealing to outdoor enthusiasts. Available late October, the two-seat model starts at $25,999, while the four-seat version is priced at $27,999.

Polaris RZR has announced its debut in the 2021 Dakar Rally, one of the toughest racing events globally, set from January 3 to January 15, 2021, in Jeddah, Saudi Arabia. The factory team includes BAJA champions Wayne Matlock, Kristen Matlock, and Craig Scanlon, competing in the SSV class with modified 2021 Polaris RZR Pro XP vehicles. The team is backed by a range of notable sponsors and an experienced management team, highlighting a significant milestone for Polaris in off-road racing.

Polaris RZR Factory Racing achieved remarkable success at the 52nd annual SCORE BAJA 500 in San Felipe, Mexico. Kristen Matlock dominated the race, winning the overall UTV title, including the Pro N/A and Turbo classes, marking her second consecutive SCORE victory. Mike Cafro also secured a win in the Pro Stock class, adding to his previous BAJA 1000 triumph. Racers displayed exceptional agility, further enhancing Polaris’ reputation in the industry. The team is set to compete again at the UTV World Championship in Lake Havasu, AZ, from October 7-10, 2020.

Polaris Inc. (NYSE: PII) has launched the Empowersports Women’s Riding Council, featuring 12 influential women to enhance female representation in powersports. This initiative aims to inspire women, promote safety, and support community-building in the industry. Polaris aims to grow its customer base by 50% over the next decade, supported by a surge of new riders—75% of off-road and motorcycle buyers are new to the brand, highlighting increased engagement from women and diverse groups. The council will collaborate with Polaris leadership to address barriers and foster inclusivity.