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.

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Polaris Inc. (PII) Q1 2023 Earnings Call Transcript.

Polaris Inc. (PII) Q1 2023 Earnings Call Transcript

Polaris Inc (PII) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.29 per share a year ago.

Polaris Inc (PII) Beats Q1 Earnings and Revenue Estimates

MINNEAPOLIS , April 25, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) reported first 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. First Quarter 2023 Financial Results Available on Company's Website

Production of the RANGER XP Kinetic started earlier this month at Polaris' U.S. manufacturing facility in Huntsville, Alabama; First Shipments to Dealers Start this Week MINNEAPOLIS , April 24, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII), the global leader in powersports and off-road innovation, today announced the first shipments of its all-new electric RANGER XP Kinetic vehicles are headed to dealers this week for customer pickup. Polaris manufactures its fully electric RANGER XP Kinetic off-road vehicles at the Company's more than 900,000-square-foot manufacturing facility located in Huntsville, Alabama.

Polaris Announces First Shipment of All Electric RANGER XP Kinetic

The Zacks Consensus Estimate for Polaris' (PII) Q1 earnings per share and revenues is pegged at $1.73 and $1.95 billion, respectively.

Polaris (PII) to Report Q1 Earnings: Here's What to Expect

In total, Polaris has donated more than $3.1 million to ATV, off-road and snowmobiling organizations across the U.S. and Canada through its T.R.A.I.L.S. Program MINNEAPOLIS , April 20, 2023 /PRNewswire/ -- Today, Polaris Inc. (NYSE: PII), announced a donation of more than $135,000 to off-road (ORV), utility-terrain (UTV), all-terrain vehicles (ATV) and snowmobile organizations across the United States as a part of its ongoing T.R.A.I.L.S.

Polaris Donates More Than $135,000 to Off-Road and Snow Organizations through its Spring T.R.A.I.L.S. Grants

From long-time owners to those interested in trying powersports, Polaris invites women riders to "Just Ride" this International Female Ride Day, taking place globally on Saturday, May 6 Polaris continues to elevate the voice of the women rider with new IFRD insights project MINNEAPOLIS , April 19, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII), the global leader in powersports, today shared how it is continuing to help spotlight and celebrate the participation of women riders in powersports as an official partner of International Female Ride Day (IFRD). Polaris is inviting women riders, no matter their powersports vehicle of choice or their skill level, to "Just Ride" on Saturday, May 6.

Polaris Celebrates Women Riders This Upcoming International Female Ride Day

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) Earnings Expected to Grow: Should You Buy?

Polaris Inc (PII) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Polaris Inc (PII) Beat Estimates Again in Its Next Earnings Report?

Veteran Driver & Team Principal, Craig Scanlon Takes His RZR Pro R to the Top of the Podium at the 36th Running of the Year's First Baja Event – Factory Drivers Cayden MacCachren, Austin Weiland & Brock Heger Secure Top 10 Finishes In the All-New RZR Pro R Factory Polaris Sweeps UTV Open Class Podium with Wayne Matlock & Mike Cafro Finishing Second & Third Respectively MINNEAPOLIS , April 4, 2023 /PRNewswire/ -- Three weeks following the announcement of the UTV industry's first factory racing program, Polaris Factory Racing was victorious at its first event, with a historic win at the 36th annual SCORE San Felipe 250. Veteran racer and team principal Craig Scanlon took the Pro UTV Open class victory behind the wheel of his race-modified RZR Pro R.

POLARIS FACTORY RACING CAPTURES VICTORY AT ITS FIRST EVENT, TOPPING THE PRO UTV OPEN CLASS AT THE 2023 SAN FELIPE 250

MINNEAPOLIS , March 30, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that it will release its first quarter 2023 financial results on Tuesday, April 25, 2023, and will hold a conference call and webcast at 9:00 AM central time on the same day to discuss the results. The call will be hosted by Mike Speetzen, Chief Executive Officer and Bob Mack, Chief Financial Officer.

Polaris Schedules First Quarter 2023 Earnings Conference Call and Webcast

Polaris Xchange puts consumers in the driver's seat as they shop online for off-road vehicles, snowmobiles, motorcycles, side-by-sides, auto-cycles, and ATVs Polaris Xchange offers an extensive inventory of new and used Polaris powersports vehicles MINNEAPOLIS , March 28, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII), the global leader in powersports, is putting customers in the driver's seat as they shop for their first or next powersports vehicle with the introduction of Polaris Xchange. Built from the ground up with the needs of the powersports customer in-mind, this one-stop online marketplace provides customers the ability to shop, research and start the buying process on thousands of off-road vehicles, snowmobiles, motorcycles, side-by-sides, auto-cycles, and ATVs from participating Polaris dealers nationwide.

Polaris Launches Polaris Xchange Powersports Marketplace Giving Consumers an Easy and Convenient Way to Shop Online for New and Used Vehicles

Polaris has earned a market leadership position in the recreational vehicle market in the U.S. in the last decade. The company has recorded solid revenue and earnings growth, while profitability margins fall in line with sector averages.

Polaris: Strong Track Record And Hopeful Prospects

Both New Brand Offerings Feature Apparel and Accessories Inspired by the Water Provides a Fresh Opportunity for Godfrey and Hurricane Enthusiasts to Represent their Favorite Boating Brands ELKHART, Ind. , March 22, 2023 /PRNewswire/ -- Godfrey Marine, manufacturer of premium Godfrey pontoon boats and Hurricane deck boats, announced the launch of two new apparel and accessories lineups for boating enthusiasts.

GODFREY PONTOONS AND HURRICANE DECK BOATS ARE MAKING WAVES WITH NEW PG&A LINEUPS

The Evolution of its Class-Leading RZR Pro R, All-New Polaris-Engineered Race UTV Features  Race-Tuned Power, Desert-Proven Strength & Unmatched Control MINNEAPOLIS , March 16, 2023 /PRNewswire/ -- Polaris Off Road, the leader in off-road vehicle innovation, today unveiled the industry's first purpose-built race-ready UTV – the RZR Pro R Factory. Based on its award-winning RZR Pro R platform, RZR Pro R Factory is specifically engineered to thrive against the grueling demands of open desert racing, providing a powerful centerpiece for its recently announced Polaris Factory Racing team.

POLARIS UNLEASHES RZR PRO R FACTORY, INDUSTRY'S FIRST PURPOSE-BUILT, RACE-READY UTV

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices MINNEAPOLIS , March 13, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII), a global leader in powersports, has been recognized as one of the 2023 World's Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.   "Being recognized by Ethisphere as one of the World's Most Ethical Companies is an incredible honor and a testament to the more than 16,000 Polaris employees who bring to life our Geared for Good efforts and help to foster a culture that is centered around integrity," said Mike Speetzen, Polaris CEO.

ETHISPHERE NAMES POLARIS AS ONE OF THE 2023 WORLD'S MOST ETHICAL COMPANIES®

Fully Curated Factory Program Features Elite Management Team, Crew Chiefs & Mechanics, Supporting Three of the Sport's Brightest Young Drivers:   Austin Weiland, Brock Heger and Cayden MacCachren Factory Racing Program Powered by Sponsor Support from Rockford Fosgate®, Synchrony sm , Progressive Insurance®, GoPro®, Fox Racing®, Fox Shocks®, Polaris Engineered Lubricants,  Rigid® Industries, BFGoodrich® Tires and Method Race Wheels®  MINNEAPOLIS , March 9, 2023 /PRNewswire/ -- Polaris Off Road, the leader in off-road vehicle innovation, is establishing a new standard for off-road racing with the development of a comprehensive RZR Factory Racing program and the sport's first-ever purpose-built race ready UTV. Piloting three all-new Polaris-engineered race machines will be rising off-road stars Austin Weiland, Brock Heger and Cayden MacCachren.

POLARIS LEADS A NEW ERA IN OFF-ROAD RACING WITH INDUSTRY'S FIRST COMPREHENSIVE FACTORY RACING PROGRAM & PURPOSE-BUILT RACE UTV

Built from the Ground Up, the 2024 RZR XP Inspires Riders to Escape into the Outdoors and Create Memories with their Family and Friends Upgrade Highlights Include New, Stronger Chassis, Redesigned Ergonomics for Added Comfort, & All-New 114-Horsepower Engine MINNEAPOLIS , March 7, 2023 /PRNewswire/ --  Polaris Off Road , the leader in off-road vehicle innovation, today unleashed the next generation of the industry's best-selling sport side-by-side, the RZR XP. The all-new 2024 RZR XP has been completely redesigned from the ground up to raise the industry standard for sport side-by-sides to an entirely new level – delivering class-leading durability, comfort and performance.

POLARIS UNLEASHES REVOLUTIONARY NEW GENERATION OF THE RZR XP - THE INDUSTRY'S BEST-SELLING SPORT SIDE-BY-SIDE

Timbersled, the original snow bike brand, introduces the RIOT Gen 2 MINNEAPOLIS , March 7, 2023 /PRNewswire/ -- With today's introduction of its 2024 snow lineup, Polaris Inc. (NYSE: PII) is building on its comprehensive snowmobile and snow bike portfolio with new and enhanced rider-driven innovations and features that deliver performance, control, and agility, including the new Series 9 325 track and Timbersled's new RIOT Gen 2 system. The 2024 lineup is complemented by more than 250 new parts, apparel and accessories that provide even more personalization options.

POLARIS ANNOUNCES 2024 SNOWMOBILE LINEUP FEATURING NEW DEEP SNOW INNOVATION AND SNOWCHECK SHIP GUARANTEE PROGRAM

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2023 has seen economic data come in much better than expected, making the risk of a recession lower and improving earnings outlooks for 2023 and 2024. Stocks are up 15% off their October lows, and coiled spring aristocrats are up as much as 30% in just a few months.

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New ROUSH ®  Edition Designed with Racetrack Attitude for Drivers Who Want to WinOver the Streets & Draw Envious Stares ROUSH ®  Edition Represents First-Ever Cross-Branded Slingshot and Touts Perfect Blend of Style & Performance, Packed with Exclusive ROUSH ®  Branding & Premium Componentry MINNEAPOLIS , Feb. 15, 2023 /PRNewswire/ -- Polaris Slingshot , the show-stopping, adventure-seeking three-wheel vehicle, today announced a partnership with ROUSH® Performance with the unveiling of an all-new, special ROUSH® Edition model. Designed at the intersection of head turning looks and performance lifestyle, the Slingshot ROUSH® Edition delivers a racetrack attitude with exclusive ROUSH® branding.

POLARIS SLINGSHOT PARTNERS WITH ROUSH® PERFORMANCE ON SPECIAL EDITION MODEL

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Branden Sims captures UTV Open Class and UTV Overall Victories, while Doug Mittag and Brayden Baker take 2nd and 3rd respectively, all behind the wheel of the Polaris RZR Pro R MINNEAPOLIS , Feb. 6, 2023 /PRNewswire/ -- The 2023 UTV racing season kicked off this past weekend at King of the Hammers (KOH) with the 4th annual Desert Challenge, where Polaris Racing drivers registered the top three overall finishing times across all UTV classes, en route to sweeping the B3 UTV Open Class podium. Following his recent Baja 1000 win, Branden Sims continued his momentum into the new year, driving his race-modified RZR Pro R to victory via elapsed time, beating Doug Mittag by more than a minute.

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