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Polaris Inc   (PII)
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Price: $86.5300 $-0.23 -0.265%
Day's High: $88.47 Week Perf: -4.44 %
Day's Low: $ 85.91 30 Day Perf: -5.8 %
Volume (M): 582 52 Wk High: $ 138.49
Volume (M$): $ 50,326 52 Wk Avg: $102.51
Open: $87.10 52 Wk Low: $82.00



 Market Capitalization (Millions $) 4,995
 Shares Outstanding (Millions) 58
 Employees 8,100
 Revenues (TTM) (Millions $) 8,822
 Net Income (TTM) (Millions $) 512
 Cash Flow (TTM) (Millions $) 48
 Capital Exp. (TTM) (Millions $) 526

Polaris Inc

Polaris Industries Inc., a Minnesota corporation, was formed in 1994 and is the successor to Polaris Industries Partners LP. We design, engineer and manufacture Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use, Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, together with the related Parts, Garments and Accessories (PG&A). These products are sold through dealers and distributors principally located in the United States, Canada, Western Europe, Australia and Mexico.

Off-Road Vehicles. Our ORVs include Sportsman® ATVs, Polaris ACE®, RANGER®, RZR® and Polaris GENERAL™side-by-side vehicles. ATVs and Polaris ACE are four-wheel vehicles with balloon style tires designed for off-road use and traversing rough terrain, swamps and marshland. Side-by-side vehicles are multi-passenger off-road, all-terrain vehicles that can carry up to six passengers in addition to cargo. ORVs are used for recreation, in such sports as fishing and hunting and for trail and dune riding, and for utility purposes on farms, ranches, and construction sites.


ATVs were introduced to the North American market in 1971 by Honda Motor Co., Ltd. (“Honda”). Other Japanese motorcycle manufacturers, including Yamaha Motor Corporation (“Yamaha”), Kawasaki Motors Corp. (“Kawasaki”), and Suzuki Motor Corporation (“Suzuki”), entered the North American ATV market in the late 1970’s and early 1980’s. We entered the ATV market in 1985, Arctic Cat Inc. (“Arctic Cat”) entered in 1995 and Bombardier Recreational Products Inc. (“BRP”) entered in 1998 with their Can-Am product line. In addition, numerous Chinese and Taiwanese manufacturers of youth and small ATVs exist for which limited industry sales data is available. By 1985, the number of three- and four-wheel ATVs sold in North America had grown to approximately 650,000 units per year, then dropped dramatically to a low of 148,000 in 1989.

Snowmobiles. In the early 1950’s, a predecessor to Polaris produced a “gas powered sled,” which became the forerunner of the Polaris snowmobile. Snowmobiles have been manufactured under the Polaris name since 1954. Originally conceived as a utility vehicle for northern, rural environments, over time the snowmobile gained popularity as a recreational vehicle. From the mid-1950’s through the late 1960’s, over 100 producers entered the snowmobile market and snowmobile sales reached a peak of approximately 495,000 units in 1971. The Polaris product survived the industry decline in which snowmobile sales fell to a low point of approximately 87,000 units in 1983 and the number of snowmobile manufacturers serving the North American market declined to four: Yamaha, BRPs Ski-Doo product line, Arctic Cat and Polaris. These four manufacturers also sell snowmobiles in certain overseas markets where the climate is conducive to snowmobile riding.

Motorcycles. Polaris’ Motorcycles segment consists of Victory®, Indian Motorcycle®, and the moto-roadster, Slingshot®. Heavyweight and mid-size motorcycles are utilized as a mode of transportation as well as for recreational purposes. The industry is comprised of four segments: cruisers, touring, sport bikes and standard motorcycles. We entered the heavyweight motorcycle market in 1998 with an initial Victory product in the cruiser segment. We entered the touring segment in 2000. In 2011, we purchased the Indian Motorcycle brand to complement our Victory brand of motorcycles. In 2013, we re-launched the Indian brand by releasing the first three Indian Motorcycle models engineered by Polaris. In 2014, we entered the mid-size motorcycle market with the launch of Scout, and also introduced the Companys first moto-roadster motorcycle, Slingshot. The North America heavyweight industry retail cruiser and touring sales more than doubled from 1996 to 2006; however, the motorcycle industry declined in 2007 through 2010 due to weak overall economic conditions.

Global Adjacent Markets. We introduced our initial Global Adjacent Markets vehicles with the 2011 acquisitions of Global Electric Motorcars LLC (“GEM”) and Goupil Industries S.A. (“Goupil”). We expanded our portfolio in 2013 by acquiring A.M. Holding S.A.S., which operates under the name Aixam Mega S.A.S. (“Aixam”). Aixam is based in France and manufactures and sells enclosed on-road quadricycles and light duty commercial vehicles. Through these acquisitions, we now offer products in the light-duty hauling, people mover and urban/suburban commuting sub-sectors of the Work and Transportation industry.



   Company Address: 2100 Highway 55, Medina, 55340 MN
   Company Phone Number: 542-0500   Stock Exchange / Ticker: NYSE PII
   


Customers Net Income grew by PII's Customers Net Profit Margin grew to

44.09 %

7.85 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HOG   -2.63%    
TT   -2.49%    
TXT        0.27% 
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Dividend

Polaris Inc. Continues to Reward Shareholders with 29th Consecutive Year of Dividend Increases

Published Thu, Feb 1 2024 9:15 PM UTC

Polaris Declares Regular Cash Dividend, Marking 29th Consecutive Year of Increases
MINNEAPOLIS, Feb. 1, 2024 - Polaris Inc. (NYSE: PII), a global leader in powersports industry, has announced a 2% increase in its regular quarterly cash dividend. This marks the 29th consecutive year of dividend increases for the company, showcasing its commitment to providing value to sha...

Personnel Announcements

Interesting Polaris Inc. Embraces Strategic Change with Retirement of EVP and CTO; A New Era of Innovation and Growth Beckons

Published Thu, Jan 11 2024 12:00 PM UTC

Retirement of Polaris Inc.'s Executive Vice President of Global Operations and Chief Technology Officer Marks a Shift in Strategy and Global Business Unit Structure
MINNEAPOLIS, Jan. 11, 2024 - Polaris Inc. (NYSE: PII) has recently announced that Ken Pucel, the Executive Vice President (EVP) of Global Operations and Chief Technology Officer (CTO), will be retiring in Apr...

Polaris Inc

Dramatic Turnaround: Polaris Inc. Celebrates Resurgence of Profitability for Q2 2023 With a Staggering 7.456% YoY Revenue Boost


Introduction
Polaris Inc (PII), a renowned Special Transportation Services company, saw an impressive year-on-year revenue improvement of 7.456% in the financial period spanning April to June 2023, reaching $2.22 billion. This remarkable turnaround helped PII achieve profitability once again, presenting earnings per share of $2.32. In contrast to the previous quarter, where revenue grew by 1.693% from $2.18 billion, net profit per share increased by 18.97% from $1.95 per share.
Increase in Net Income and Positive Margins
The financial reporting period from April to June 2023 witnessed an extraordinary improvement in net income for Polaris Inc. The company generated a net income of $134.300 million, significantly surpassing the net shortfall of $-4.400 million reported during the same period last year. This turnaround indicates a reinvigorated business strategy and successful implementation of growth initiatives.






 

Polaris Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Polaris Inc does not provide revenue guidance.

Earnings Outlook
Polaris Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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