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 Adventures Outfitter is first in the nation to offer rentals with the all-electric RANGER XP Kinetic MINNEAPOLIS , June 7, 2024 /PRNewswire/ -- Polaris Inc. (NYSE: PII) and the Michigan Economic Development Corporation (MEDC) celebrated the launch and grand opening of an electric off-road vehicle charging network in Michigan's Upper Peninsula. Just under a year after Polaris received a Mobility Public-Private Partnership & Programming (MP4) grant through Michigan Office of Future Mobility & Electrification's (OFME) program to develop and maintain an off-road trail charging network in Michigan's Upper Peninsula, the off-road charging network is officially open.

Polaris Celebrates the Launch of a First-of-its-Kind Off-Road Electric Charging Network for Outdoor Enthusiasts in Michigan's Upper Peninsula

Customers May Now Enjoy Boating Adventures at Select Outfitter Locations Across the U.S. MINNEAPOLIS , June 5, 2024 /PRNewswire/ -- Polaris Adventures, the experience business of global powersports leader Polaris Inc. (NYSE: PII), announces the expansion of boat rentals across its ever growing network, providing more ways for customers to enjoy the outdoors. Polaris Adventures offers boat rentals at 35 locations across Arizona, Florida, Illinois, Maine, Michigan, Minnesota, North Carolina, Pennsylvania, Texas, Utah, West Virginia and Wisconsin.

Polaris Adventures Expanding its Offerings to Include Additional Boat Rentals

The All-New 2025 Sportsman 570 2-Up Lineup Features Refreshed Styling, all new Seat Comfort and Ergonomics, and Durability Upgrades Rounding Out Polaris' Full Lineup is the All-New Sportsman Touring 570 and 6x6 570, as well as the Return of the Sportsman X2 570 Offering Industry-Exclusive 400 Lb. Dumping Bed and Convertible Passenger Seat MINNEAPOLIS , June 4, 2024 /PRNewswire/ -- Polaris Off Road, the world leader in powersports and off-road innovation, today announced its long-awaited 2-up all-terrain vehicle (ATV) 570 lineup.

POLARIS RELEASES THE MOST COMPLETE 2-UP ATV LINEUP

Polaris-Supported Driver Branden Sims Finishes Second Overall Behind the Wheel of a Race-Prepped RZR Pro R MINNEAPOLIS , June 3, 2024 /PRNewswire/ -- The 56th running of the SCORE Baja 500 took place this past weekend, where the Polaris Factory Racing team continued its winning streak as Cayden MacCachren, along with his co-driver Hailey Hein, delivered a dominant performance to secure the prestigious UTV Overall and UTV Pro Open class victory. This marked MacCachren's third consecutive SCORE series win, showcasing the true power, strength, and control of the RZR Pro R Factory vehicle throughout the grueling 483-mile race.

POLARIS FACTORY RACING'S CAYDEN MACCACHREN TRIUMPHS ONCE AGAIN, SECURING THE 2024 SCORE BAJA 500 UTV OVERALL AND PRO UTV OPEN CLASS VICTORY IN RZR PRO R FACTORY

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Becton, Dickinson And Polaris: The Market Is Dead Wrong About These Dividend Aristocrat Bargains

Polaris leads its powersports niche, but the macroeconomic environment remains challenging. While the company's latest earnings report was rough, there were a few reasons for optimism.

A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 36% to Double Up On Right Now

Polaris continues to act as a steward for its employees, riders, communities and the outdoors  MINNEAPOLIS , May 16, 2024 /PRNewswire/ -- Polaris Inc. (NYSE: PII) today released its 2023 Geared For Good Report detailing Polaris' continued focus on operating in a responsible manner to support its employees, riders, communities where it operates and in the outdoors. "As a part of Polaris' mission to deliver great experiences for everyone who works or plays outdoors, we believe in being good stewards and operating in a way that helps support positive outdoor experiences for years to come," said Mike Speetzen, Chief Executive Officer at Polaris.

Polaris Launches its 2023 Geared For Good Report

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Eight-Time PRCA World Champion Stetson Wright Returns and Brothers Rusty, Ryder, and Statler Join Team Polaris MINNEAPOLIS , May 8, 2024 /PRNewswire/ -- Polaris Off Road, the global leader in powersports and off-road innovation, today announced its 2024 Team Polaris Professional Rodeo Cowboy Association (PRCA) athlete lineup along with its return to PRCA events this year. Additionally, Polaris continues to hold a strong presence in the heart of rodeo country supporting seven rodeo events across Texas, while showcasing its hard-working UTVs and creating long-lasting relationships within the rodeo community.

POLARIS UNVEILS 2024 TEAM POLARIS RODEO ATHLETES FOR THE PROFESSIONAL RODEO COWBOY ASSOCIATION (PRCA)

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Polaris Recognizes Women Riders and Enhances the Riding Experience on Saturday, May 4, 2024, in celebration of the 18th annual global event.  MINNEAPOLIS , April 30, 2024 /PRNewswire/ -- Polaris Inc. (NYSE:PII), the global leader in powersports, today announces its 4th annual participation in celebrating International Female Ride Day (IFRD), which takes place on May 4, 2024.

Polaris Celebrates Women Riders on International Female Ride Day 2024

Polaris, Inc. (NYSE:PII ) Q1 2024 Earnings Conference Call April 23, 2024 10:00 AM ET Company Participants J.C. Weigelt - Vice President of Investor Relations Michael Speetzen - Chief Executive Officer Robert Mack - Chief Financial Officer Conference Call Participants Craig Kennison - Baird Noah Zatzkin - KeyBanc Capital Markets Joseph Altobello - Raymond James Fred Wightman - Wolfe Research, LLC Megan Alexander - Morgan Stanley Alexander Perry - BofA SECURITIES David MacGregor - Longbow Research James Hardiman - Citi Research Tristan Thomas-Martin - BMO Capital Markets Robin Farley - UBS Securities Operator Good day, and welcome to the Polaris First Quarter 2024 Earnings Conference Call and Webcast.

Polaris, Inc. (PII) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Polaris Inc (PII) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Polaris Inc (PII) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Polaris Inc (PII) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $2.05 per share a year ago.

Polaris Inc (PII) Q1 Earnings Top Estimates

MINNEAPOLIS , April 23, 2024 /PRNewswire/ -- Polaris Inc. (NYSE: PII) reported first quarter 2024 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 2024 Financial Results Available on Company's Website

More than $3.5 million in TRAILS GRANTS provided to ATV, off-road and snowmobiling organizations across the U.S. and Canada since Polaris launched the program MINNEAPOLIS , April 17, 2024 /PRNewswire/ -- Today, Polaris Inc. (NYSE: PII), announced it is donating more than $130,000 to off-road vehicles (ORV), all-terrain vehicles (ATV) and snowmobile riding clubs, and organizations across the United States and Canada as a part of its TRAILS GRANTS program. The TRAILS GRANTS program offers support to organizations and programs that promote safe and responsible riding, facilitate trail preservation, and help protect the environment and natural resources that are a part of the off-road trail systems.

Polaris Donates More Than $130,000 To Off-Road and Snow Organizations Through Its Spring 2024 TRAILS GRANTS

Polaris Inc (PII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Polaris Inc (PII) Q1 Earnings Expected to Decline

Polaris, Inc. is a potential buying opportunity as it has leading brands and an undervalued stock with a solid dividend yield. The stock is currently trading below its highs and is at a key support level, indicating a potential rebound. Earnings estimates for Polaris are positive, with the stock trading at a low multiple compared to the market.

Polaris: Down 35% Since Last Year, It's Time To Buy

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The Lineup Includes a Host of Owner-Inspired Upgrades that Deliver Increased Capability, Durability & Comfort; Highlighted by a Bold Front End Restyle, Upgraded Gen 2 Transmission, and Factory-Installed Accessories for Even More Customer Value Polaris Brings Back Fan Favorite RANGER CREW XP 1000 Waterfowl Edition and Announces RANGER CREW XP 1000 NorthStar Texas Edition MINNEAPOLIS , April 10, 2024 /PRNewswire/ -- Polaris Off Road, the world leader in powersports and off-road innovation, today announced a wide range of owner-inspired upgrades to its class-leading full-size RANGER lineup. Building on the already best-selling side-by-side in the industry, the 2025 RANGER lineup features a redesigned front end and new front bumper for added durability, an upgraded Gen 2 transmission for smooth and consistent shifting, and additional factory-installed accessories for added rider value and convenience.

POLARIS ELEVATES THE BEST-SELLING SIDE-BY-SIDE OF ALL TIME WITH THE 2025 FULL-SIZE RANGER LINEUP

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MENLO PARK, Calif., April 9, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), today announced its initial deployment with Polaris Inc. ("Polaris), a Fortune 500 industry leader in powersports that boasted $8.9 billion in sales in 2023.

Cyngn Deploys with Polaris, Global Powersports Leader

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Cayden MacCachren Claims Impressive UTV Overall Victory, With Teammate Brock Heger Securing Second Polaris-Supported Racers Swept UTV Overall Podium with Branden Sims Securing Third-Place Finish in Race-Modified RZR Pro R MINNEAPOLIS , March 25, 2024 /PRNewswire/ -- On Saturday, the 2024 SCORE Championship kicked off at the 37th San Felipe 250, where the Polaris Factory Racing team maintained their UTV racing dominance, with Cayden MacCachren claiming first UTV Overall and 2023 UTV Pro Open Champion Brock Heger securing second. The recently unveiled Gen 2 Polaris RZR Pro R Factory race vehicle performed flawlessly through the grueling 285-mile course, once again proving itself as the most superior UTV in the field.

POLARIS FACTORY RACING DRIVERS DOMINATE 2024 SCORE SAN FELIPE 250 IN NEWLY UNLEASHED GEN 2 RZR PRO R FACTORY RACE VEHICLE

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