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 ...

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Heger Makes History Securing the Ultimate Off-Road Racing Triple Crown with Wins at the 2024 Baja 1000, 2025 Dakar Rally, and Both King of the Hammers Desert Challenge and UTV Hammers ChampionshipMINNEAPOLIS, Feb. 7, 2025 /PRNewswire/ -- Yesterday in the Johnson Valley desert, RZR Factory Racing's Brock Heger didn't just win the King of the Hammers (KOH) UTV Hammers Championship—he dominated. Fresh off his wire-to-wire victory at the Desert Challenge less than a week prior, Heger was in a league of his own ...

It’s been about six months since I suggested that Polaris Inc. (NYSE: PII ) stock is a less compelling investment than the treasury note in an article with the stupendously original title “Polaris Stock Less Compelling Than TreasuryI'm a quant investment newsletter writer who marries fundamental analysis with the latest research in momentum. Over the past few years, I’ve developed a piece of software that helps me track the level of optimism and pessimism embedded in stock price. I seek to challenge the ass ...

Fully Redesigned Front End Adds Stand-Out Style Across 2025 Lineup; New Eight-Inch Speakers with Light Ring Enhances Audio and Adds Custom-Inspired StyleMINNEAPOLIS, Jan. 30, 2025  /PRNewswire/ -- Turning ordinary drives into extraordinary moments, the three-wheel Polaris Slingshot 2025 lineup combines one-of-a-kind, head-turning style with open-air, adventurous driving experiences unlike anything else on the road. New for 2025, Slingshot introduces a fully redesigned front end, all-new eight-inch speakers ...

January 28, 2025 Safe Harbor & Non-GAAP Measures Except for historical information contained herein, the matters set forth in this presentation are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Potential risks and uncertainties include such factors as the Company's ability to successfully implement its manufacturing operations strategy and supply chain initiatives; the Company's ability to s ...

Polaris Inc (PII) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $1.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this snowmobile and ATV maker would post earnings of $0.87 per share when it actually produced earnings of $0.73, delivering a surprise of -16.09%.Over the last four quarters, ...