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Polaris Donates More Than $135,000 to Off-Road and Snow Organizations Through Its Fall 2025 TRAILS GRANTS
Prnewswire· 2025-11-13 15:03
Core Points - Polaris Inc. has donated over $135,000 to off-road vehicles (ORV), all-terrain vehicles (ATV), and snowmobile riding clubs and organizations in the U.S. and Canada as part of its TRAILS GRANTS program in 2025, bringing the total donations since the program's inception to nearly $4 million [1][5]. - The TRAILS GRANTS program, which has been active for nearly two decades, supports nonprofit organizations and local riding clubs in trail development, maintenance, and safety education initiatives [2][3]. - In 2025, Polaris awarded 13 organizations Spring TRAILS GRANTS, contributing to a total of more than $255,000 in donations for the year [3]. Summary by Categories Donations and Impact - Polaris has contributed nearly $4 million to over 440 ATV, off-road, and snowmobiling organizations since the start of the TRAILS GRANTS program in 2006 [5]. - The recent donation of over $135,000 is aimed at supporting safe and responsible riding, trail preservation, and environmental protection [1][5]. Program Details - The TRAILS GRANTS are awarded twice annually and are utilized for trail development, maintenance projects, and safety education initiatives [2][3]. - The program emphasizes the importance of local riding clubs and organizations, which play a crucial role in maintaining trails and promoting safe riding practices [3]. Specific Projects Funded - The funding supports various projects, including sustainable creek crossings, avalanche safety education, and trail maintenance [4][10]. - Notable recipients include organizations focused on youth safety training, environmental stewardship, and multi-use trail access [4][10].
Polaris Announces Pricing of $500 Million of Senior Notes
Prnewswire· 2025-11-05 21:15
Core Viewpoint - Polaris Inc. has announced a public offering of $500 million in senior notes with a 5.600% interest rate due in 2031, aimed at repaying its incremental term loan facility and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of senior notes with a 5.600% interest rate, maturing in 2031 [1]. - The sale of the notes is expected to close on November 13, 2025, pending customary closing conditions [2]. - The net proceeds will primarily be used to repay the Company's incremental term loan facility, with any remaining funds allocated for general corporate purposes [2]. Group 2: Management and Regulatory Information - The active joint book-running managers for the offering include BofA Securities, Wells Fargo Securities, MUFG Securities Americas, and U.S. Bancorp Investments [3]. - The offering is made under an effective shelf registration statement previously filed with the SEC [4]. Group 3: Company Overview - Polaris Inc. is a global leader in powersports, offering a diverse range of products including off-road vehicles, snowmobiles, motorcycles, and boats [5]. - The company has been operational since 1954 and serves nearly 100 countries worldwide [5].
Polaris Inc. Third Quarter 2025 Financial Results Available on Company's Website
Prnewswire· 2025-10-28 10:00
Core Insights - Polaris Inc. reported its third quarter 2025 financial results, which are available on the Company's Investor Relations website and will be furnished to the SEC [1] - The Company will hold a conference call with analysts and investors to discuss the results [2] - Polaris is recognized as a global leader in powersports, offering a diverse range of products and services since its founding in 1954 [2] Financial Results - The third quarter financial results were released through an earnings release posted on the Company's Investor Relations website [1] - The earnings release will be submitted to the Securities and Exchange Commission on a Form 8-K [1] Conference Call Details - The conference call and webcast can be accessed via the Webcast link on the Company's website or by dialing specific numbers for U.S. and international participants [2] - Related presentation materials and a replay of the webcast will be available on the Company's website [2] Company Overview - Polaris Inc. is a pioneer in product breakthroughs in the powersports industry, with a product lineup that includes various off-road vehicles, motorcycles, and boats [2] - The Company serves nearly 100 countries globally and enhances the riding experience with a robust portfolio of parts, garments, and accessories [2] Strategic Moves - Polaris announced its decision to separate Indian Motorcycle into a standalone company and will sell a majority stake to Carolwood LP [4]
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]
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]
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 OFF ROAD EXPANDS 2026 FAMILY LINEUP, WHILE CELEBRATING THE 40TH ANNIVERSARY OF POLARIS ATVS
Prnewswire· 2025-07-29 19:46
Core Insights - Polaris Off Road has announced its 2026 off-road vehicle lineup, celebrating the 40th anniversary of its all-terrain vehicles (ATVs) and emphasizing its commitment to innovation and American engineering [1][3][34] - The new lineup includes various models designed to enhance rider experience and performance, catering to both work and recreational needs [1][3] Product Highlights - The 2026 RANGER 500 is introduced as a new utility vehicle starting at a U.S. MSRP of $9,999, aimed at a broader consumer base with its compact and practical design [2][17] - The Sportsman 570 Premium 40th Anniversary Edition is a limited release that features nostalgic design elements and modern performance enhancements [3][5] - The GENERAL lineup is recognized as the best-selling crossover side-by-side, featuring a 999cc engine and a 600-pound capacity dump box, with refreshed colors based on consumer feedback [7][8][10] - The Polaris XPEDITION offers adventure-ready features with a 114 HP engine and a refined interior experience, catering to riders seeking rugged versatility [11][12][15] - The RZR lineup continues to dominate the sport side-by-side market with advanced suspension technology and customizable features for enhanced performance [21][23][27] Youth Lineup - Polaris is committed to fostering the next generation of riders with its 2026 Youth lineup, which includes safety features like Helmet Aware Technology and customizable speed limits [28][29] - The lineup features vehicles tailored for young riders, such as the Outlaw 70 EFI and RZR 200 EFI, designed to provide a safe and empowering riding experience [30][31][32] Pricing and Availability - The 2026 Polaris vehicle lineup will begin shipping to dealers in August, with various models starting at different price points, including the RANGER lineup starting at $9,999 and the XPEDITION at $39,499 [6][10][16][20][27][32]
Polaris Inc. Second Quarter 2025 Financial Results Available on Company's Website
Prnewswire· 2025-07-29 10:00
Core Viewpoint - Polaris Inc. reported its second quarter 2025 financial results, highlighting its ongoing leadership in the powersports industry and commitment to product innovation and customer experience [1]. Financial Results - The financial results for the second quarter of 2025 were released and are available on the Company's Investor Relations website [1]. - The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K [1]. Conference Call and Webcast - A conference call with analysts and investors is scheduled for today at 9:00 a.m. CT, providing an opportunity for further discussion on the financial results [2]. - Access to the call and webcast can be made through the Webcast link on the Company's website or by dialing specific numbers for U.S. and international participants [2]. Company Overview - Polaris Inc. is recognized as a global leader in the powersports sector, with a history dating back to 1954 [3]. - The Company offers a diverse range of high-quality products, including off-road vehicles, snowmobiles, motorcycles, and boats, serving nearly 100 countries worldwide [3].
Polaris and the National Forest Foundation Announce Recipients of the 2025 Polaris Fund for Outdoor Recreation Grants
Prnewswire· 2025-07-16 14:03
Core Insights - Polaris Inc. announced the 2025 recipients of the Polaris Fund for Outdoor Recreation Grants in partnership with the National Forest Foundation, aimed at supporting outdoor recreation and trail conservation [1][4] - Over $113,000 in funding will be allocated to five initiatives across various National Forest locations in Arizona, California, New Hampshire, Colorado, and Kentucky [2][7] - The Polaris Fund for Outdoor Recreation was established in 2021 with a commitment of $5 million over five years to support trail creation, restoration, and reforestation projects [4][9] Funding Initiatives - Navigate Responsibly Project in Coconino National Forest, Arizona: Funding will improve visitor navigation and protect natural resources through new signage [7] - Snowmobile Park Improvements in Lassen National Forest, California: Grant will support updated trail markers and winter recreation maps to enhance safety and access [7] - Snowmobile Bridge Improvements in White Mountain National Forest, New Hampshire: Funding will repair two snowmobile trail bridges to ensure safe winter access [7] - Alpine Loop Trail Kiosks in GMUG National Forest, Colorado: Grant will replace kiosks and update information to improve visibility and orientation for visitors [7] - Phase 1: Land Between the Lakes NRA in Turkey Bay OHV Area, Kentucky: Funding will initiate various safety and access improvements for off-highway vehicle users [7]
Polaris Announces Amendment to Existing Credit Agreement and Full Prepayment of Senior Notes
Prnewswire· 2025-07-02 12:30
Core Insights - Polaris Inc. has amended its existing credit facilities to enhance financial flexibility and support long-term growth [1][2][3] - The company fully repaid $350 million of outstanding senior notes due in 2028, funded through revolving loans under its senior credit facilities [1] - The amendment includes modifications to financial covenants, allowing for more flexibility during a dynamic tariff environment [3][5] Financial Details - The maturity date of the incremental term loan has been extended to June 26, 2026 [5] - The covenant relief period is set from June 30, 2025, to June 30, 2026, with specific limitations on dividend payments and subsidiary-level debt [5] - Polaris can continue to pay regular quarterly dividends and repurchase shares to offset dilution from equity plans during the covenant relief period [5] Company Overview - Polaris Inc. is a global leader in powersports, offering a diverse range of products including off-road vehicles, motorcycles, and boats [4] - The company has been operational since 1954 and serves nearly 100 countries worldwide [4]