Company Overview - Polaris Inc. is the global leader in powersports, offering a diverse range of products including off-road vehicles, snowmobiles, motorcycles, and boats since its founding in 1954 [3] - The company serves nearly 100 countries worldwide and is headquartered in Minnesota [3] Industry Insights - During the 2025 Capital Markets Day, Polaris provided an overview of the powersports industry and its long-term strategy to maintain leadership while achieving mid-cycle financial targets [1] - The company is committed to innovation, customer satisfaction, and dealer relationships, alongside improving operational efficiency [1] Leadership Statements - CEO Mike Speetzen expressed confidence that the actions taken will strengthen Polaris as the powersports market recovers, focusing on enhancing financial strength and shareholder value [2]

Core Insights - Polaris Off Road achieved a historic victory at the Mint 400, with the RZR Factory Racing team making its debut and dominating the event [1][2] - Brock Heger secured the overall win in the Limited race, continuing his impressive winning streak across various prestigious off-road events [2][5] - The RZR Pro R platform showcased its performance by claiming all top 10 positions in the UTV Pro Open class and the top four overall spots in the Limited race [2][5] Performance Highlights - Brock Heger finished the race over seven minutes ahead of the second-place driver, demonstrating exceptional speed and control [3][4] - The starting order was determined by a qualifying race, with Heger starting second and quickly taking the lead during the first lap [3] - Heger reached a remarkable speed of 118 mph during the race, showcasing the capabilities of the RZR Pro R Factory [3] Team Dynamics - The race featured intense competition among Polaris teammates, with Cayden MacCachren finishing second, Mitch Guthrie third, and Max Eddy Jr. fourth [2][4] - The team displayed strong performance throughout the race, with strategic positioning and overtaking maneuvers leading to podium finishes [4] Future Outlook - The RZR Factory Racing team is preparing for the upcoming 2025 SCORE season kickoff at the San Felipe 250, aiming to maintain their winning momentum [5][6] - The success at the Mint 400 is seen as a testament to the engineering and performance of the RZR Pro R platform, with expectations for continued dominance in future races [5]

Core Viewpoint - Polaris Inc. has promoted Matt Winings to senior vice president, general counsel, and corporate secretary, effective immediately, as part of its executive leadership team [1][2]. Group 1: Leadership Changes - Matt Winings will oversee all legal, compliance, regulatory, government affairs, and governance practices across Polaris' global businesses [1]. - Winings joined Polaris in 2023 as vice president and assistant general counsel, bringing nearly two decades of legal expertise to his new role [2]. Group 2: Background of Matt Winings - Prior to joining Polaris, Winings spent over 10 years at Cummins Inc. in various senior legal roles, including international experience in London [2]. - Winings has a J.D. from Indiana University Maurer School of Law and a bachelor's degree from Indiana University [2]. Group 3: Company Overview - Polaris Inc. is a global leader in powersports, founded in 1954, and offers a wide range of products including off-road vehicles, snowmobiles, motorcycles, and boats [3]. - The company serves nearly 100 countries worldwide and enhances the riding experience with a robust portfolio of parts, garments, and accessories [3].

Group 1 - Polaris Inc. will host a Capital Markets Day on March 12, 2025, from 4:00 pm to approximately 5:45 pm mountain time, which will be webcast live [1] - The meeting will cover the current powersports market, growth strategies, long-term profitability efforts, and the company's focus on being the global leader in powersports [1] - Presenters at the event will include CEO Mike Speetzen, CFO Bob Mack, and VP of Off Road Operations Marc Suarez [1] Group 2 - Polaris is recognized as the global leader in powersports, offering a diverse range of products including off-road vehicles, snowmobiles, motorcycles, and boats [3] - The company has been in operation since 1954 and serves nearly 100 countries worldwide [3] - Polaris enhances the riding experience with a comprehensive portfolio of parts, garments, and accessories [3]

Core Insights - Polaris Inc. has announced its 2026 snowmobile lineup, emphasizing innovation and versatility across various models and segments [1][3][4] Product Innovations - The 2026 lineup includes the all-new Voyageur models: Voyageur SP 155, Voyageur XC 155, and Voyageur Adventure Ultimate 155, designed for diverse winter activities such as trail breaking and gear hauling [2][3] - The new models feature patent-pending BackTrak15 rear articulated suspension, high-clearance independent front suspension, and TrailBreaker Skis for enhanced performance in various snow conditions [4] - The 2026 INDY XCR model has a 20% stiffer suspension calibration for improved handling on rugged terrain [9] - The TITAN snowmobile lineup has been expanded with more engine options and accessories, including a large utility box for heavy-duty tasks [10] Customization and Technology - Polaris offers the SnowCheck program, allowing customers to customize their snowmobiles with preferred models, engines, colors, and options until March 28 [1][13] - The Polaris RIDE COMMAND system provides over 1.1 million miles of verified trails and features for route planning and group rides, available for free to all riders [12] Marketing and Engagement - Polaris is conducting a Sneak Peek Tour to showcase the 2026 lineup, providing opportunities for customers to interact with the Polaris team and view the new models [14]

Core Insights - Polaris Slingshot celebrates its 10th anniversary with the launch of the limited edition Slingshot 10, showcasing premium features and exclusive styling [1][2][3] Product Features - Slingshot 10 is based on the top-of-the-line R model and includes exclusive features such as commemorative badging, ghosted graphics, and a unique colorway [2][4] - The interior features custom-inspired fit and finish, including a color-matched steering wheel, custom-stitched seats, and a high-quality audio system with Stage 3 Max Rockford Fosgate sound [5][6] - Advanced technology includes heated and cooled seats, a 7" RIDE COMMAND display with GPS navigation, and customizable interior lighting [6][7] Performance Enhancements - Slingshot 10 offers improved performance with a modest increase in horsepower and a broader torque curve, along with refined AutoDrive transmission for a smoother driving experience [8] - The model features larger Brembo® front brake rotors, providing enhanced braking power [8] Pricing and Availability - The starting price for the limited edition Slingshot 10 is $38,999, and it is being shipped to dealers in limited quantities [9] Company Background - Polaris Slingshot, a brand of Polaris Inc., continues to innovate in the three-wheeled autocycle category, emphasizing style, ride experience, and community [10]

Group 1 - Polaris Inc. will present at the Raymond James 46th Annual Institutional Investors Conference on March 4, 2025, at 10:25 a.m. Eastern Time [1] - The presentation will be made by CEO Mike Speetzen and CFO Bob Mack [1] - A live webcast and slide presentation will be accessible on the Polaris Investor Relations website, with a replay available after the event [2] Group 2 - Polaris Inc. is a global leader in powersports, founded in 1954, and is known for product innovations and enhancing outdoor experiences [3] - The company's product lineup includes various off-road vehicles, snowmobiles, motorcycles, and boats, serving nearly 100 countries worldwide [3] - Polaris also offers a comprehensive range of parts, garments, and accessories to enhance the riding experience [3]

Core Viewpoint - Rockford Fosgate has launched a new rear subwoofer kit specifically designed for Polaris RZR vehicles, enhancing the audio experience with a focus on seamless integration and performance [1][2]. Product Features - The subwoofer kit is purpose-built for 2020-2024 Pro-XP, 2022-2024 Turbo-R, and 2022-2024 Pro-R 4-seat Polaris RZR models, featuring a 400-watt power output and a plug-and-play design for easy installation without the need for drilling or cutting [3]. - It includes Rockford Fosgate's RF3™ technology, ensuring compatibility with the factory fit and finish of RZR vehicles, providing both aesthetic appeal and functionality [3]. - The subwoofer is housed in an oval ported enclosure optimized for maximum bass output, and it comes with a port cap for waterproofing, making it suitable for extreme outdoor conditions [4]. Durability and Design - Every component of the subwoofer kit is designed with Rockford Fosgate's Element Ready® technology, ensuring resistance to water, dust, and mud, which is essential for off-road adventures [5]. - The kit is marketed as the ultimate bass solution for enhancing the audio experience in rugged terrains, emphasizing its reliability and performance [5]. Availability - The rear subwoofer kits are available through authorized Rockford Fosgate dealers and online at rockfordfosgate.com [6].

Financial Performance - Total sales for 2024 were $7.2 billion, a decrease of 20% from 2023[153]. - Gross profit for 2024 was $1.5 billion, down 25% from $2.0 billion in 2023, with a gross profit margin of 20.4%[154]. - Net income from continuing operations attributable to Polaris Inc. was $110.8 million, or $1.95 per diluted share, a decline of 78% from $502.8 million, or $8.71 per diluted share in 2023[155]. - Adjusted EBITDA for 2024 was $635.4 million, a decrease of 38% from $1,020.9 million in 2023[158]. - Operating income decreased significantly to $290.6 million in 2024 from $700.9 million in 2023[256]. - Comprehensive income attributable to Polaris Inc. was $42.8 million in 2024, down from $532.8 million in 2023[259]. - Net income for 2024 was $111.2 million, a decrease of 77.9% compared to $502.7 million in 2023[265]. Sales and Revenue - Sales in the United States accounted for 79% of total sales, totaling $5.6 billion, down 21% from 2023[160]. - Total sales decreased by 20% in 2024 to $7,175.4 million compared to $8,934.4 million in 2023[1]. - Off Road segment sales fell by 18% to $5,706.7 million, while On Road and Marine segments decreased by 17% and 37%, respectively[2][3]. - Wholegoods revenue for 2024 was $5,469.0 million, down from $7,122.1 million in 2023, representing a decline of 23.3%[320]. - Total revenue for the year ended December 31, 2024, was $7,175.4 million, a decrease of 19.7% from $8,934.4 million in 2023[320]. Expenses and Costs - Operating expenses for 2024 were $1.3 billion, a decrease of 5% from $1.3 billion in 2023, with an operating expense margin of 17.8%[158]. - Cash provided by operating activities dropped significantly to $268.2 million in 2024 from $925.8 million in 2023, a decrease of $657.6 million[1][5]. - The company reported a significant increase in research and development expenses to $336.9 million in 2024, compared to $374.3 million in 2023[256]. - The Company incurred $85.5 million in advertising expenses in 2024, a decrease of 9.3% compared to $94.1 million in 2023[300]. - The Company incurred restructuring expenses of $23.4 million, primarily related to severance and other employee-related costs[301]. Debt and Financing - The company had outstanding borrowings of $282.0 million under its $1.4 billion Revolving Loan Facility as of December 31, 2024[1][7]. - As of December 31, 2024, the company's debt to total capital ratio was 62%, up from 57% in 2023[198]. - The company issued $500 million in 6.95% Senior Notes, with net proceeds of approximately $492 million after fees, maturing in March 2029[196]. - The Company amended its Term Loan Facility to $500 million and extended the maturity date to December 2029[344]. - As of December 31, 2024, total financing obligations amounted to $2,072.4 million, an increase from $1,908.4 million in 2023[341]. Inventory and Assets - Total Polaris North America snowmobile dealer inventories increased by approximately 10%[1][9]. - The Company’s net inventories as of December 31, 2024, were $1,741.5 million, a decrease of 3.8% from $1,810.5 million in 2023[319]. - Total assets increased slightly to $5,525.2 million in 2024 from $5,516.3 million in 2023[254]. - The Company’s property and equipment, net, was $1,186.7 million as of December 31, 2024, a decrease from $1,201.5 million in 2023[319]. Tax and Interest - The effective income tax rate for 2024 was 21.0%, up from 19.0% in 2023, reflecting lower pretax earnings[168]. - Interest expense rose to $137 million in 2024, an increase of 10% from $125 million in 2023, primarily due to higher interest rates[166]. - A 100 basis point increase or decrease in interest rates would increase or decrease interest expense by approximately $8 million based on unhedged variable-rate debt[225]. Shareholder Actions - The company repurchased 1.0 million shares for $82.7 million in 2024, positively impacting diluted net income per share by three cents[199]. - Cash dividends paid per share were $2.64 in 2024, compared to $2.60 in 2023 and $2.56 in 2022[262]. - The Company granted 386,055 stock options in 2024, with a weighted-average exercise price of $89.96[331]. Compliance and Risk Management - The company remains in compliance with all debt covenants, maintaining an interest coverage ratio of not less than 3.00 to 1.00[198]. - The Company’s internal control over financial reporting was evaluated as effective as of December 31, 2024, based on COSO criteria[232]. - The Company is subject to market risk from fluctuating prices of commodities such as steel, aluminum, and diesel fuel, which are critical to its operations[218]. - The Company actively manages foreign currency exposure through hedging contracts, including $12 million in Australian dollars and $79.2 million in Canadian dollars[223].

TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to announce additional results from the recent field program at the Polaris gold project, Chile (“Polaris” or the “Project”). Polaris is a large, highly prospective gold project that has never been drilled. No modern exploration has been carried out to date other than basic rock sampling and mapping. Surface bedrock sampling performed by Halcones’ geologists has extended the stri ...