MARKET COMPOSITE
PII - Polaris Inc8:00:02 PM 4/25/2024
Price
$83.28
-1.93 (-2.26%)
Polaris Inc. is an American manufacturer of motorcycles, snowmobiles, ATV, and neighborhood electric vehicles. Polaris was founded in Roseau, Minnesota, USA, where it still has engineering and manufacturing. The company's corporate headquarters is in Medina, Minnesota. The company manufactured motorcycles through its Victory Motorcycles subsidiary until January 2017, and currently produces motorcycles through the Indian Motorcycle subsidiary, which it purchased in April 2011. Polaris produced personal watercraft from 1994–2004. The company was originally named Polaris Industries Inc. and was renamed in 2019 to Polaris Inc. Robin previously developed and supplied all-terrain vehicle and snowmobile engines for Polaris Inc. Starting in 1995 with the Polaris Magnum 425 4-stroke ATV and in 1997, with the introduction of the "twin 700" snowmobile engine Polaris started the development and production of in-house produced power plants, known as the "Liberty" line of engines, now found in many models across their current production lines. Since that time Polaris has continued to develop their in-house engine production capacity, now designing and manufacturing all of their own power plants, while maintaining the partnership with Subaru.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue1.7B-24%
Gross Profit330.3MM-31%
Cost Of Revenue1.4B-22%
Operating Income39MM-73%
Operating Expenses313.2MM-12%
Net Income3.8MM-96%
R&D87.8MM-5%
G&A99MM-28%
Marketing126.4MM-0%
Amortization4.5MM+2%
Interest Expense31.9MM-3%
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