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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]
LIGHTS, ENGINES, ACTION
Prnewswire· 2025-10-01 16:00
Polaris' Off-Road Takeover Returns with High-Octane Action, Exhilarating Rides and New "Tough Enough" Obstacle Course MINNEAPOLIS, Oct. 1, 2025 /PRNewswire/ -- Polaris Off Road, the leader in off-road innovation, announces the return of Camp RZR —October 31 to November 1—as the official kickoff to dune season. "Dusty Days, Neon Nights," returns with Polaris setting the stage for an epic weekend in the Glamis Imperial Sand Dunes, the heart of Southwest off-roading. Thousands of riders will come together to c ...
Polaris Schedules Third Quarter 2025 Earnings Conference Call and Webcast
Prnewswire· 2025-09-30 11:00
Accessibility StatementSkip Navigation MINNEAPOLIS, Sept. 30, 2025 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that it will release its third quarter 2025 financial results on Tuesday, October 28, 2025, and will hold a conference call and webcast at 9:00 AM central time on the same day to discuss the results. The call will be hosted by Mike Speetzen, Chief Executive Officer, and Bob Mack, Chief Financial Officer. The financial results will be posted on the company's website at ir.polaris.com. ...
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]
Polaris Schedules Second Quarter 2025 Earnings Conference Call and Webcast
Prnewswire· 2025-06-26 10:00
Core Viewpoint - Polaris Inc. will release its second quarter 2025 financial results on July 29, 2025, and will host a conference call to discuss these results [1][2]. Financial Results Announcement - The financial results will be available on the company's investor relations website at ir.polaris.com, with an alert issued via news wire when the materials are publicly accessible [2]. - A conference call and webcast will take place at 9:00 AM central time on the same day, hosted by the CEO Mike Speetzen and CFO Bob Mack [1][3]. Conference Call and Webcast Details - A slide presentation and webcast link will be posted on the Polaris Investor Relations website [3]. - To participate by phone, the U.S. dial-in number is 1-877-883-0383, and the international number is 1-412-902-6506, using access code 5182701 [3]. - A replay of the webcast will be available on the website or by phone using the U.S. number 1-877-344-7529 or the international number 1-412-317-0088 with access code 4835489 [3]. Company Overview - Polaris Inc. is a global leader in powersports, founded in 1954, offering a wide range of products including off-road vehicles, snowmobiles, motorcycles, and boats [4]. - The company serves nearly 100 countries worldwide and enhances the riding experience with a robust portfolio of parts, garments, and accessories [4].
Polaris Donates $1 Million to Advance ATV and UTV Safety Through 4-H Youth Development
Prnewswire· 2025-06-11 14:03
Core Insights - Polaris is significantly expanding its partnership with the University of Minnesota to enhance safety education efforts, particularly in ATV and UTV safety programs, anticipating a three to fourfold increase in youth participation across Minnesota and pilot programs in Utah and Wisconsin [1][3] Group 1: Partnership and Program Expansion - The partnership with Polaris has supported safety displays at various events, reaching over 800,000 youth since its inception [2] - New pilot programs will be initiated in Wisconsin and Utah, where Minnesota 4-H will share resources to develop ATV and UTV safety programs [3][7] - An online safety course for youth is also in development as part of the expansion efforts [3] Group 2: Safety Education and Community Engagement - The Minnesota 4-H ATV and UTV Safety Program allows participants to become certified through the Minnesota Department of Natural Resources, focusing on responsible off-road vehicle operation and safety protocols [1][6] - The program aims to cultivate youth into leaders and ambassadors in their communities, promoting safe riding practices [4][6] Group 3: Organizational Background - Minnesota 4-H is the largest youth development program in the state, serving over 40,000 young people annually and designed to nurture youth into innovators and leaders [6] - Polaris, as a global leader in powersports, is committed to educating youth on safe riding practices and offers a wide range of vehicles and safety technologies [4][7]
Polaris Adventures Surpasses Two Million Customer Rides
Prnewswire· 2025-06-03 16:02
Core Insights - Polaris Adventures has achieved a significant milestone of two million customer rides, reflecting the growing passion for outdoor adventure and the effectiveness of its network of over 250 local Outfitters [1][3][4] Company Overview - Polaris Adventures, launched in 2017, has become the leading powersports vehicle rental service in the U.S., partnering with locally owned small businesses to enhance local economies and accessibility to outdoor experiences [3][5] - The company offers a variety of powersports vehicles, including off-road vehicles, snowmobiles, and boats, aiming to introduce more people to outdoor adventures [4][8] Growth Metrics - The company surpassed one million rides in 2022 and has since doubled that number in less than three years, indicating rapid growth and expansion [4] - There are over 600 adventures available for customers, with 250 Outfitters operating across 41 states, making outdoor experiences accessible to a large population [6] Customer Engagement - Approximately 40% of riders are new to powersports, showcasing the company's ability to attract new customers to the industry [6] - The company emphasizes the importance of local knowledge provided by Outfitters, which enhances the customer experience by highlighting scenic routes and attractions [3][4] Innovations and Partnerships - Polaris Adventures has introduced a refreshed fleet of high-quality vehicles equipped with the latest safety and navigation technology to ensure a seamless riding experience [7] - The launch of Polaris Adventures Elite provides Outfitters with tools to run their businesses more efficiently, while a partnership with Sensible Weather offers a Weather Guarantee for customers [7]