Group 1 - Polaris Inc. will release its second quarter 2024 financial results on July 23, 2024, at 9:00 AM central time [5] - The conference call will be hosted by CEO Mike Speetzen and CFO Bob Mack [5] - Financial results will be available on the company's website, with an alert issued over a news wire when the earnings materials are publicly accessible [2] Group 2 - Polaris Inc. is a global leader in powersports, offering a wide range of products including off-road vehicles, snowmobiles, motorcycles, and boats [6] - The company has been in operation since 1954 and serves nearly 100 countries worldwide [6] - Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories [6]

Core Insights - The 2025 RZR XP lineup from Polaris Off Road continues to emphasize category-leading performance, trail-optimized technology, and durability at an unmatched value [2][5][9] Product Enhancements - The 2025 RZR XP lineup features refreshed colors and graphics, trim-level enhancements, and new features, including the addition of the RIDE COMMAND system in the Premium trim [3][4] - The Ultimate trim now includes a standard 4,500 lb winch, enhancing the vehicle's functionality for challenging trails [3] Performance and Technology - The RZR XP models are equipped with a 999cc, 114-horsepower engine, providing quick acceleration and a 25% stronger chassis for improved performance [6] - Advanced technology features include the factory-installed Rockford Fosgate® Stage 3 Audio system and the RIDE COMMAND system, which offers GPS navigation and group ride tracking without cell signal [7] Durability and Comfort - The RZR XP platform includes a full-coverage skid plate and an integrated tubular front bumper for enhanced durability, along with a rider-inspired interior for increased comfort [5] - Features such as raised rear seats and solid half doors contribute to a more enjoyable riding experience [5] Pricing and Availability - The 2025 RZR XP is available in two and four-seat configurations across three trims: Sport, Premium, and Ultimate, with a price reduction across all levels [9] - The starting prices are $19,999 for the Sport trim, $21,999 for the Premium trim, and $24,999 for the Ultimate trim [10]

"It is an honor to mark the opening of this unique off-road electric charging network developed in partnership with the State of Michigan and the local communities along this trail system. Polaris and Michigan are connected in our efforts to bring exciting innovation and the latest technology to outdoor recreation," said Andrew Chasse, vice president of Strategy and Partnerships, Polaris. "I'd like to thank the Michigan Economic Development Corporation in particular for allowing Polaris the opportunity to p ...

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, Texa ...

The All-New 2025 Sportsman 570 2-Up Lineup Features Refreshed Styling, all new Seat Comfort and Ergonomics, and Durability Upgrades Additional features and pricing for the Sportsman Touring, X2 and 6x6 models are as follows: Sportsman Touring 570 – Starting at $9,999 U.S. MSRP ($11,799 CA MSRP) Sportsman Touring 570 EPS – Starting at $10,999 U.S. MSRP ($12,699 CA MSRP) Sportsman Touring 570 Premium – Starting at $12,499 U.S. MSRP ($14,399 CA MSRP) The next generation Sportsman Touring 570 lineup offers vers ...

Core Insights - The Polaris Factory Racing team achieved significant success at the 56th SCORE Baja 500, with Cayden MacCachren winning the UTV Overall and UTV Pro Open class, marking his third consecutive SCORE series victory [1][2][3] - Brandon Sims, another Polaris-supported driver, finished second overall, showcasing the competitive performance of the RZR Pro R vehicle [1][3] Group 1: Race Performance - Cayden MacCachren started the race in first place and maintained a strong pace, eventually overtaking the lead around race mile 240 and finishing with a time of 10:36:42.481 [3][4] - The Polaris Factory Racing team demonstrated consistent improvement in their vehicle performance, with MacCachren's win contributing to the team's eighth consecutive victory [4] Group 2: Team and Vehicle Strength - Alex Scheuerell, the Technical Director of Polaris Factory Racing, emphasized the superiority of their vehicle and the strength of their racing program, attributing the success to the team's grit and focus [2] - The RZR Pro R Factory vehicle has shown continuous refinement and improvement, which has been evident in their dominant performances across races [2][4] Group 3: Upcoming Events - The Polaris Factory Racing team is scheduled to compete in the Best in the Desert Vegas to Reno event from August 14-17, 2024, indicating ongoing commitment to competitive racing [4]

With a long track record of delivering profitability, Polaris stands out in a cyclical industry. Polaris (PII 0.63%) has grown into the leading powersports vehicle manufacturer in North America, with its sales rising sixfold since 2000. Over this time, Polaris has more than tripled the total returns of the S&P 500 index. However, over the last decade, it has been an entirely different story. Despite doubling its revenue across the last 10 years, Polaris' total returns have declined by 16% as the market cont ...

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. Polaris Inc. today released its 2023 Geared For Good Report detailing Polaris' continued focus on operating in a responsible manner to support its ...

Financial Performance - Polaris Inc. reported sales of $1,736.4 million for the three months ended March 31, 2024, a decrease of 20.2% compared to $2,179.7 million in the same period of 2023[12]. - The company's gross profit for Q1 2024 was $330.3 million, down 29.6% from $469.2 million in Q1 2023[12]. - Operating income fell to $39.0 million in Q1 2024, a decline of 75.8% from $161.1 million in the prior year[12]. - Net income attributable to Polaris Inc. was $3.8 million for Q1 2024, a significant drop of 96.7% compared to $113.4 million in Q1 2023[12]. - Adjusted EBITDA for the first quarter was $110.0 million, a decline of 54% from $238.1 million in the previous year[80]. - The effective income tax rate increased to 49.3% from 21.7% due to unfavorable share-based compensation adjustments[90]. - The company reported a comprehensive loss of $2.3 million for Q1 2024, contrasting with a comprehensive income of $126.2 million in Q1 2023[14]. Revenue Breakdown - Total revenue for the three months ended March 31, 2024, was $1,736.4 million, a decrease of 20.3% compared to $2,179.7 million for the same period in 2023[34]. - Wholegoods revenue decreased from $1,782.0 million in Q1 2023 to $1,325.3 million in Q1 2024, representing a decline of 25.5%[34]. - Revenue from the United States was $1,342.8 million in Q1 2024, down from $1,694.6 million in Q1 2023, a decrease of 20.8%[34]. - Off Road segment sales decreased by 16% to $1,335.7 million, while On Road sales fell 14% to $277.2 million, and Marine sales plummeted 53% to $123.5 million[95]. Assets and Liabilities - Total current assets increased to $2,732.6 million as of March 31, 2024, compared to $2,691.7 million at the end of 2023[10]. - Total liabilities rose to $4,175.6 million as of March 31, 2024, up from $4,085.2 million at the end of 2023[10]. - Cash and cash equivalents decreased to $318.8 million as of March 31, 2024, down from $367.8 million at the end of 2023[10]. - The company’s retained earnings decreased to $197.3 million as of March 31, 2024, from $243.5 million at the end of 2023[10]. - Total financing obligations as of March 31, 2024, were $2,068.2 million, an increase from $1,908.4 million as of December 31, 2023[43]. Shareholder Returns - The company declared a dividend of $0.66 per share for the three-month period ended March 31, 2024, compared to $0.65 per share for the same period in 2023[17]. - Cash dividends declared and paid per common share increased to $0.66 for the three months ended March 31, 2024, compared to $0.65 for the same period in 2023[53]. - The company repurchased approximately 0.2 million shares of its common stock for $16.0 million during the three months ended March 31, 2024, with an additional $1,175.1 million authorized for future repurchases[52]. Operating Expenses and Cash Flow - Operating expenses decreased by 4% to $313.2 million, but as a percentage of sales, they increased to 18.0% from 14.9%[80]. - Net cash provided by operating activities was $(105.4) million, compared to $124.2 million in the prior year[19]. - The company experienced a net cash used for operating activities of $105.4 million in Q1 2024, contrasting with a net cash provided of $124.2 million in Q1 2023[19]. Other Financial Metrics - The company recorded $62.9 million in depreciation and amortization for the three months ended March 31, 2024, compared to $61.8 million in 2023[19]. - Borrowings under financing obligations increased to $842.0 million in Q1 2024, up from $573.4 million in Q1 2023[19]. - The fair value of long-term financing obligations was approximately $2,099.2 million as of March 31, 2024, compared to $1,954.3 million at the end of 2023[25]. - The company had an accrual of $135.2 million for probable payments related to product liability litigation as of March 31, 2024[63].

First Quarter 2024 Earnings Presentation Safe Harbor & Non-GAAP Measures The data source for retail sales figures included in this presentation is registration information provided by Polaris dealers in North America and Europe compiled by the Company or Company estimates and other industry data sources. The Company relies on information that its dealers or other third parties supply concerning retail sales, and other retail sales data sources related to Polaris and the powersports industry, and this inform ...