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Polaris to Separate Indian Motorcycle into a Standalone Company, Will Sell Majority Stake to Carolwood LP
Prnewswire· 2025-10-13 20:10
Core Insights - Polaris Inc. has announced the separation of Indian Motorcycle into a standalone business, selling a majority stake to Carolwood LP, a private equity firm [1][2] - The transaction is expected to enhance Polaris' adjusted EBITDA by approximately $50 million and adjusted earnings per share by about $1.00, with completion anticipated in Q1 2026 [2] - Polaris aims to focus on areas with the strongest growth potential, while Indian Motorcycle is expected to thrive under Carolwood's ownership [2] Polaris and Indian Motorcycle Separation - The decision to separate Indian Motorcycle allows Polaris to concentrate resources on more profitable growth areas [1] - Indian Motorcycle contributed approximately $478 million, or 7.0%, to Polaris' revenues for the trailing twelve months ending June 30, 2025 [1] - Polaris will maintain a small equity position in Indian Motorcycle post-transaction [2] Leadership Changes - Mike Kennedy has been appointed as the CEO of the new independent Indian Motorcycle organization, bringing over 30 years of experience in the motorcycle industry [3] - Mike Dougherty, Polaris President of On Road and International, will lead the transition until the deal closes and has announced his intent to retire afterward [6][7] Employee and Operational Continuity - Approximately 900 employees will transition to the new Indian Motorcycle Company, retaining key personnel including engineers and designers [5] - Indian Motorcycle will continue to operate independently, providing sales, service, and support through its global dealer network [5] Financial Performance and Future Outlook - Polaris is scheduled to report its Q3 2025 results on October 28, 2025, with preliminary sales expected to be at the high end of the guidance range of $1.6 billion to $1.8 billion [8][9] - Adjusted EPS for Q3 is anticipated to be between $0.31 and $0.41, significantly higher than previous expectations due to strong cost management and operational efficiency [9]
Polaris: Dividend Drifts On Thin Ice - Sell (NYSE:PII)
Seeking Alpha· 2025-10-10 08:45
Polaris Inc. (NYSE: PII ) traces its roots to 1954 . That year, Edgar Hetteen, Allan Hetteen, and David Johnson launched the company in Minnesota . The firm went public in 1987 and rebranded fromAlways on the hunt for undervalued, promising stocks with a focus on risk and reward. Limited risks and decent to high upside by knowing what one's owning. I strongly believe that the best investment ideas are often the simplest. If contrarian, the better.Analyst’s Disclosure:I/we have no stock, option or similar de ...
Polaris: Dividend Drifts On Thin Ice - Sell
Seeking Alpha· 2025-10-10 08:45
Polaris Inc. (NYSE: PII ) traces its roots to 1954 . That year, Edgar Hetteen, Allan Hetteen, and David Johnson launched the company in Minnesota . The firm went public in 1987 and rebranded fromAlways on the hunt for undervalued, promising stocks with a focus on risk and reward. Limited risks and decent to high upside by knowing what one's owning. I strongly believe that the best investment ideas are often the simplest. If contrarian, the better.Analyst’s Disclosure:I/we have no stock, option or similar de ...
Bennington Marine Launches Fully Redesigned QX Flagship Model and Expanded 2026 Lineup
Prnewswire· 2025-10-07 14:03
Core Insights - Bennington Marine is launching a fully redesigned QX flagship model and refreshing its S and M Series for Model Year 2026, setting a new benchmark in the luxury pontoon category [1][3] Group 1: QX Flagship Model - The 2026 QX features a reimagined design with a focus on enhancing the on-water experience through thoughtful details [2][3] - Key features include carbon fiber accents, the Commander Dash 2.0 for streamlined navigation, and a retractable keeper rail for safety and convenience [5][6] - The design emphasizes both aesthetics and functionality, with elements like a wind-blocking windshield and multifunctional storage options [5][6] Group 2: S and M Series Refresh - The S and M Series refresh introduces new Sport and Luxe trims, replacing the outgoing SX Series, allowing for greater personalization [4][7] - The Click & Cruise modular accessory mounting system is introduced, enabling effortless customization of the pontoon [4][9] - The M Series expansion aims to enhance user experience by incorporating customer feedback into the design and features [7] Group 3: Design and Customization Features - The Sport trim offers a performance-driven look with racing-inspired styling, while the Luxe trim focuses on elevated finishes and premium materials [6][9] - Upgraded features include a fiberglass helm, wireless phone charging, and customizable Vivid UX display for an immersive experience [6][9] - New layout options increase seating versatility and social interaction onboard, enhancing comfort for users [9]
Polaris (PII): Riding Strong Among the Dividend Champions
Yahoo Finance· 2025-10-05 19:49
Group 1 - Polaris Inc. is recognized as one of the Best Dividend Stocks, being part of the Dividend Champions List, highlighting its strong dividend performance [1] - The company has consistently provided growing dividends for the past 30 years, currently offering a quarterly dividend of $0.67 per share, resulting in a dividend yield of 4.28% as of October 2 [2] - Polaris specializes in powersports, focusing on off-road vehicles such as ATVs and side-by-sides, and also owns the Indian Motorcycle brand, expanding its presence in the marine sector with pontoons and recreational boats [3] Group 2 - The company's strategy emphasizes launching new products, maintaining leadership in core markets, optimizing its dealer network, and diversifying revenue across off-road, on-road, and marine segments [4]
LIGHTS, ENGINES, ACTION
Prnewswire· 2025-10-01 16:00
Core Insights - Polaris Off Road announces the return of Camp RZR from October 31 to November 1, 2025, at the Glamis Imperial Sand Dunes, marking the kickoff of the dune season with the theme "Dusty Days, Neon Nights" [1][2] - The event aims to celebrate the off-road culture and community, bringing together thousands of riders for a weekend filled with activities and shared experiences [2] Event Highlights - Camp RZR will feature free admission, RZR demo rides, on-site vehicle service, food trucks, shopping, and a kid's zone [3] - A drone show and a Freestyle Moto Show (FMX) with notable riders will be part of the entertainment lineup [3] New Features for 2025 - The introduction of the Camp RZR Witching Hour for Halloween, including trick-or-treating and a costume contest [4] - The Tough Enough Obstacle Course will challenge participants with various physical obstacles, designed for both adults and children aged five and older [4] - Ram will participate with the Ram 1500 RHO Thrill Ride, offering an adrenaline-pumping ride-along experience [4] Company Overview - Polaris Inc. is a global leader in powersports, known for its innovative products and outdoor experiences since 1954, with a diverse lineup including off-road vehicles, snowmobiles, and motorcycles [6]
Canagold Resources reveals high grade antimony-gold results from concentrate testing at New Polaris project in BC
Proactiveinvestors NA· 2025-10-01 13:01
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
Canagold Announces Positive Antimony Concentrate Production Results for the New Polaris Project Grading 59.1% Sb and 98.3 gpt. Au
Newsfile· 2025-10-01 11:30
Core Viewpoint - Canagold Resources Ltd. announced positive results from antimony flotation testing at its New Polaris gold-antimony project, indicating the potential for significant additional value beyond the already favorable economics demonstrated in the feasibility study [1][2]. Group 1: Project Overview - The New Polaris project is located in northwest British Columbia and is 100% owned by Canagold [1]. - The feasibility study completed in July 2025 showed exceptional economics with low capital expenditures (Capex) and all-in sustaining costs (AISC) [2]. Group 2: Flotation Testing Results - The antimony flotation testing yielded a concentrate grading 59.1% Sb and 98.3 gpt Au, with a recovery rate of 93.1% for Sb and 91.8% for Au in combined concentrates [2][5]. - The testing utilized a 110-kilogram composite sample from 47 diamond drill core samples across 17 drill holes in the high-grade antimony zone [3]. Group 3: Economic Implications - Although the feasibility study did not account for any revenue from antimony, the new results suggest that including antimony could enhance the project's overall economics [2][8]. - The economic importance of antimony has increased due to global supply constraints and rising prices, prompting further metallurgical test work and economic assessments [8][9]. Group 4: Future Considerations - Should future studies confirm the viability of including antimony revenue, it could significantly improve project economics, as mining costs are largely supported by gold production [9]. - The company plans to continue evaluating the potential for antimony revenue in its financial model [8].
Polaris Schedules Third Quarter 2025 Earnings Conference Call and Webcast
Prnewswire· 2025-09-30 11:00
Core Points - Polaris Inc. will release its third quarter 2025 financial results on October 28, 2025, with a conference call scheduled for 9:00 AM central time on the same day [1][2] - The conference call will be hosted by CEO Mike Speetzen and CFO Bob Mack, and will include a slide presentation available on the company's Investor Relations website [1][2] - Polaris is recognized as a global leader in powersports, offering a diverse range of products including off-road vehicles, snowmobiles, motorcycles, and boats, serving nearly 100 countries worldwide [2] Financial Results Announcement - The financial results will be made available on the company's website, with an alert issued over a news wire when the earnings materials are public [2] - A replay of the conference call will be accessible via the same webcast link or by phone using specific access codes [2] Company Overview - Polaris Inc. has been a pioneer in the powersports industry since its founding in 1954, focusing on product innovation and enhancing outdoor experiences [2] - The company's product lineup includes various types of vehicles and accessories, emphasizing quality and performance [2]
POLARIS RZR FACTORY RACE TEAM SECURES THIRD CONSECUTIVE VICTORY AT THE BAJA 400, CEMENTING OFF-ROAD RACING DOMINANCE
Prnewswire· 2025-09-15 22:10
Core Insights - Polaris RZR Factory Racing achieved a podium sweep at the Baja 400, marking their third consecutive victory at this prestigious event, showcasing their dominance in the Pro UTV Open Class [1][2] - Brock Heger led the team with his third consecutive SCORE UTV overall victory, further solidifying his status as a top driver in the sport [1][4] - The RZR Pro R Factory is recognized for its superior design and performance, establishing itself as the leading machine in desert racing [2][3] Performance Highlights - Brock Heger finished first, followed by teammates Cayden MacCachren in second and Max Eddy Jr. in third, completing a clean sweep for Polaris [1][5] - Heger and MacCachren exchanged leads during the race, with Heger ultimately taking control for the final 200 miles [4] - Max Eddy Jr. started sixth and methodically moved up to secure third place, finishing the race with a time of 9:36:42 [5] Team and Engineering Excellence - The back-to-back podium sweeps highlight the depth of talent within the Polaris RZR Factory Team and the race-proven engineering of the RZR Pro R Factory [2] - Alex Scheuerell, Director of Off-Road Motorsports at Polaris, emphasized the team's commitment to excellence and the engineering prowess behind the RZR Pro R Factory [3][6] - The team is preparing for the upcoming Baja 1000, aiming to defend their title and continue their winning streak [6]