Polaris

Polaris Inc. engages in designing, engineering, and manufacturing power sports vehicles. It operates through three segments: Off-Road, On-Road and Marine. Its product line-up includes the Polaris RANGER, RZR, and Polaris GENERAL side-by-side off-road vehicles, Sportsman all-terrain off-road vehicles, military and commercial off-road vehicles, snowmobiles, Indian Motorcycle mid-size and heavyweight motorcycles, Slingshot moto-roadsters, Aixam quadricycles, Goupil electric vehicles, and pontoon and deck boats, including Bennington pontoons. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, MN.

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Polaris reports record Q4 earnings, eyes growth through innovation

Polaris delivered strong performance in Q4 2022, achieving record sales and earnings despite challenges. The company's focus on core powersports and safety, along with investments in R&D, positions it well for growth.
While facing industry challenges and headwinds, Polaris remains optimistic about 2023, expecting sales growth driven by new products. The company's strategic investments and focus on margins and market share are key strengths.
To capitalize on opportunities, Polaris plans to enhance PG&A attachment rates, invest in capacity, and optimize cost savings. Overcoming challenges and leveraging strengths will be crucial for sustained success.

Polaris excels in Q1 2023, poised for growth and innovation

Polaris Inc. reported robust Q1 2023 performance with sales growth and margin expansion.
The company faces challenges from operational inefficiencies and external cost pressures.
However, Polaris remains well-positioned with strong partnerships, product innovation, and growth opportunities.
Overall, Polaris' strategic focus on market share, efficiency, and product excellence bodes well for future success.

Polaris reports 7% sales growth in Q2 amidst margin pressures

Polaris' Q2 performance showed sales growth but flat adjusted EPS due to margin pressures. Despite challenges in margins and dealer frustrations, the company remains optimistic about market share gains and product innovation. Opportunities lie in improving operational efficiencies and addressing interest rate challenges.

Polaris faces Q3 challenges, focuses on efficiency for growth

Polaris faced challenges in Q3 2023 with lower-than-expected results due to manufacturing costs and cautious consumer sentiment, impacting margins and guidance.
Despite challenges, Polaris demonstrated strength by gaining market share, achieving record PG&A results, and focusing on innovation and efficiency for future growth.
Efforts to address manufacturing inefficiencies, optimize inventory, and introduce new products present opportunities for improved performance and profitability in the near term.
Overall, Polaris remains confident in its ability to deliver strong results, navigate uncertainties, and drive long-term success through strategic decisions and operational improvements.

Polaris faces Q4 challenges, plans cost savings and innovation

Polaris faced challenges in Q4 but achieved record innovation and cash flow in 2023. Expecting sales decline in 2024 with a focus on cost savings and operational efficiencies. Opportunities lie in new product shipments, margin expansion, and managing inventory levels.

Polaris beats Q1 expectations, focuses on cost management and innovation

Polaris faces challenges from high dealer inventory levels and market pressures but is leveraging new product innovation and cost management to drive growth. The company is actively managing inventory to optimize costs and maintain dealer relationships. Opportunities for margin expansion and market share gains through operational improvements and customer-focused strategies.

Polaris (PII) Q3 Earnings: Sales Drop, Focus on Efficiency and Innovation

Polaris faced sales decline and margin pressure in Q3 due to competitive and economic factors.
The company is strategically reducing inventory, focusing on efficiency, and investing in R&D.
Challenges in the retail environment persist, but Polaris aims to emerge stronger from the cycle.
Operational improvements and innovation key to navigating current market challenges.

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Polaris Inc. engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments: Off-Road, On-Road, and Marine. The Off-Road segment includes off-road vehicles (ORV) and snowmobiles. The On Road segment is involved in the design and manufacture of motorcycles, motorbikes, light duty hauling, and passenger vehicles. The Marine segment focuses on the design and manufacture of boats. The company was founded by Edgar E. Hetteen, Allan Hetten, and David Johnson in 1954 and is headquartered in Medina, MN.

Polaris holds No. 1 and No. 2 market shares in most of its product categories.

1 Magnificent Dividend Stock Down 40% That You'll Wish You'd Bought at This Once-in-a-Decade Valuation

New 2024 Slingshot Lineup Represents the Ultimate Platform for Self-Expression,  Introduces Thoughtful Updates & Refinements, Premium Paint & Head-Turning Graphics  MINNEAPOLIS , Dec. 5, 2023 /PRNewswire/ -- Embraced by those who demand attention and appreciate its one-of-a-kind on-road adventure, the Polaris Slingshot is unlike anything else on the road. With an open cockpit, three-wheels, and bold, head-turning style, Slingshot serves as the ultimate platform for self-expression – driven by a diverse community of riders who dare to be different.

Polaris Slingshot's New 2024 Model Year Lineup Delivers Extraordinary Driving Experiences & One-of-a-Kind On-Road Adventures

The Utility Side-By-Side and Fully Electric RANGER XP Kinetic Recognized in the Automotive Category MINNEAPOLIS , Dec. 1, 2023 /PRNewswire/ -- Polaris, (NYSE: PII)  the global leader in powersports and off-road innovation, today announced it has been awarded a prestigious 2023 Popular Science Best of What's New Award for its all-electric Polaris RANGER XP Kinetic within the automotive category. The Polaris RANGER XP Kinetic is a groundbreaking offering for the off-road industry and showcases the benefits that electric technology provides to the utility off-road customer, from its instantaneous torque that delivers precise control when pulling or towing heavy loads, to a quieter ride that allows for easy conversations with passengers, the ability to work in the early morning or late evenings without waking neighbors, working around livestock, or stealthy trips to favorite hunting spots.

POLARIS AWARDED A 2023 POPULAR SCIENCE "BEST OF WHAT'S NEW" AWARD

Polaris RZR Pro R Outclasses the UTV Field, Securing Top Five Overall UTV Positions, Finishing More Than Two Hours Ahead of First Pro UTV Forced Induction Vehicle MacCachren's Victory Marks Second Consecutive Baja 1000 UTV Overall Win For Polaris MINNEAPOLIS , Nov. 20, 2023 /PRNewswire/ -- For the second year in a row, Polaris was victorious at the Baja 1000, as Polaris Factory Racing driver Cayden MacCachren captured his first win of the season at the historic event. In addition to MacCachren's UTV Overall victory, teammate Brock Heger finished in third place, earning the necessary points to capture the 2023 SCORE UTV Pro Open Class Series Championship.

POLARIS FACTORY RACING CAPS OFF DOMINANT FIRST SEASON WITH BAJA 1000 VICTORY FOR CAYDEN MACCACHREN & SCORE PRO UTV OPEN CHAMPIONSHIP FOR BROCK HEGER

Nearly $250,000 donated in 2023 TRAILS GRANTS; More than $3.3 million in TRAILS GRANTS provided to ATV, off-road and snowmobiling organizations across the U.S. and Canada since the program started MINNEAPOLIS , Nov. 16, 2023  /PRNewswire/ -- Today, Polaris Inc. (NYSE: PII), announced a donation of more than $100,000 to off-road vehicles (ORV), all-terrain vehicles (ATV) and snowmobile organizations across the United States and Canada as a part of its TRAILS GRANTS program. The TRAILS GRANTS program focuses on promoting safe and responsible riding, supporting trail preservation, and helping protect the environment and natural resources that are a part of the off-road trail systems.

Polaris Donates More Than $100,000 to Off-Road and Snow Organizations through its Fall 2023 TRAILS GRANTS

MINNEAPOLIS , Nov. 9, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) today announced the pricing of an underwritten public offering of senior notes consisting of $500 million aggregate principal amount of its 6.950% senior notes due 2029 (the "notes"). The sale of the notes is expected to close on November 16, 2023, subject to customary closing conditions.

Polaris Announces Pricing of $500 Million of Senior Notes

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MINNEAPOLIS , Oct. 26, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.65 per share payable on December 15, 2023 to shareholders of record at the close of business on December 1, 2023. The Board also authorized a share repurchase of up to $1 billion of the Company's outstanding common stock.

Polaris Declares Regular Cash Dividend and Announces $1 Billion Share Repurchase Authorization

MINNEAPOLIS , Oct. 26, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII), the global leader in powersports, announced today that seven of its U.S. based sites have achieved 50001 Ready designation from the U.S. Department of Energy (DOE). This recognition is a milestone in the company's focus on implementing an energy standard in its facilities and achieving a 50% reduction in absolute greenhouse gas emissions (GHG) (scope 1 and 2) across its global footprint by 2035.

Polaris Achieves DOE 50001 Ready Designation at Seven of its U.S. Facilities

Polaris Inc. (NYSE:PII ) Q3 2023 Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants J.C. Weigelt - Vice President, Investor Relations Mike Speetzen - Chief Executive Officer Bob Mack - Chief Financial Officer and Executive Vice President Conference Call Participants Joe Altobello - Raymond James Craig Kennison - Robert W.

Polaris Inc. (PII) Q3 2023 Earnings Call Transcript

The heavy selling pressure might have exhausted for Polaris Inc (PII) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Polaris Inc (PII) Loses -12.29% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Although the revenue and EPS for Polaris Inc (PII) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Polaris Inc (PII) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Polaris Inc (PII) came out with quarterly earnings of $2.71 per share, missing the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $3.25 per share a year ago.

Polaris Inc (PII) Misses Q3 Earnings Estimates

MINNEAPOLIS , Oct. 24, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) reported third quarter 2023 financial results today through an earnings release posted on the Company's Investor Relations website at ir.polaris.com. The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and is available at sec.gov.

Polaris Inc. Third Quarter 2023 Financial Results Available on Company's Website

"Cowboy Code" Reveals How Hard Work, A Connection to the Land, and Sense of Community Are Universal Attributes of the Lifestyle MINNEAPOLIS , Oct. 23, 2023 /PRNewswire/ -- Polaris, the world leader in powersports and off-road innovation, releases the newest edition of "Cowboy Code," a two-part series featuring country music star Riley Green alongside Team Polaris rodeo champion Tyson Durfey. The series highlights the two individuals with different backgrounds bonding over their shared understanding of "Cowboy Code," including hard work, respect for community, and being a steward of the land.

COUNTRY MUSIC STAR RILEY GREEN AND PRO RODEO STAR TYSON DURFEY SHINE LIGHT ON COWBOY CODE VALUES DURING POLARIS OFF ROAD'S SHORT SERIES

Polaris Inc (PII) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Polaris Inc (PII) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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MINNEAPOLIS , Sept. 27, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that it will release its third quarter 2023 financial results on Tuesday, October 24, 2023, and will hold a conference call and webcast at 9:00 AM central time on the same day to discuss the results.

Polaris Schedules Third Quarter 2023 Earnings Conference Call and Webcast

Polaris-Supported Drivers Secured the Top Seven Overall UTV Positions in RZR Pro Rs with Branden Sims and Justin Lambert Scoring Second and Third Respectively MINNEAPOLIS , Sept. 19, 2023 /PRNewswire/ -- It was a successful weekend of racing at the fourth running of the SCORE Baja 400, with the Polaris Factory Racing team continuing their winning ways as Brock Heger and his RZR Pro R Factory secured the top of the podium in the Pro UTV Open class by nearly nine minutes, ultimately extending Heger's lead in the SCORE championship.

POLARIS FACTORY RACING TEAM SECURES THIRD CONSECUTIVE VICTORY AT 2023 BAJA 400 WITH MASTERFUL PERFORMANCE BY BROCK HEGER, SCORING PRO UTV OPEN CLASS WIN AND UTV OVERALL

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Polaris (PII) Right Now?

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ELKHART, Ind. , Aug. 28, 2023 /PRNewswire/ -- Polaris Marine today unveiled two new concept electric pontoons under its Bennington and Godfrey Pontoons brands.

POLARIS MARINE UNVEILS TWO CONCEPT DEMONSTRATOR PONTOONS FEATURING HIGH-HORSEPOWER ELECTRIC PROPULSION

ELKHART, Ind. , Aug. 28, 2023 /PRNewswire/ -- Bennington, North America's leading manufacturer of pontoon boats, announced today the complete redesign of its popular, family-friendly S and SV Series pontoon models as a part of its 2024 model launch.

BENNINGTON ANNOUNCES REDESIGNED SV AND S SERIES AND MODEL YEAR 2024 UPDATES

Polaris' Annual Celebration of the Side-by-Side Community Attracts Thousands with an Array of Family-Friendly Activities, RZR Demos, On-Site Vehicle Service & a Live Performance With an Iconic Playlist of Alt Rock Hits, Including "Wonderful", "Santa Monica" & "Father of Mine", Everclearsm Will Deliver a Live Performance to Camp RZR Attendees MINNEAPOLIS , Aug. 23, 2023 /PRNewswire/ -- Camp RZR , Polaris' ultimate off-road celebration, returns to the Glamis Imperial Sand Dunes on October 27 and 28, featuring a wide range of attractions and activities to help off-roaders kick off dune season in grand fashion. Marked as a premier event that creates an oasis of fun in the dunes for the off-road community, Camp RZR will once again deliver an unforgettable, family-friendly weekend, featuring free admission, RZR demos, on-site vehicle service, food trucks, shopping at vendor row and a kid's zone, all capped off by a live performance from alternative rockers Everclearsm.

News for Polaris Stock (PII)