Polaris Inc (N:PII)

Business Focus: Recreational Products

Sector:  Consumer Cyclicals Industry:  Recreational Products
 
See Regulatory Filings on SEC
Company Contact
Address: 2100 HIGHWAY 55
MEDINA MN 55340-9770
Tel: 1-763-5420500
Website: https://www.polaris.com
IR: See website
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Key People
Michael T. Speetzen
Chief Executive Officer, Director
Tony Kinsman
Chief Technology Officer, Vice President - Off Road Engineering
Robert P. Mack
Chief Financial Officer, Executive Vice President - Finance and Corporate Development
Michael D. Dougherty
President - On-Road and International
Benjamin D. Duke
President of Marine
Stephen L. Eastman
President - Parts, Garments and Accessories
Steven Menneto
President - Off Road
James P. Williams
Chief Human Resource Officer, Senior Vice President
Kenneth J. Pucel
Executive Vice President - Global Operations, Chief Technology Officer
Lucy Clark Dougherty
Senior Vice President, General Counsel, Corporate Secretary
   
Business Overview
Polaris Inc. is engaged in designing, engineering, manufacturing and marketing of powersports vehicles. The Company also designs and manufactures or sources parts, garments and accessories (PG&A), which includes aftermarket accessories and apparel. The Company operates through three segments: Off Road, On Road and Marine. The Off Road segment consists of off-road vehicles and snowmobiles. The On Road segment designs and manufactures motorcycles, moto-roadsters, light duty hauling, and passenger vehicles. The Marine segment designs and manufactures boats that are designed to compete in key segments of the recreational marine industry, specifically pontoon and deck boats. Its product line-up includes the RANGER, RZR and Polaris XPEDITION and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters, and pontoon and deck boats.
Financial Overview
For the fiscal year ended 31 December 2023, Polaris Inc revenues increased 4% to $8.93B. Net income before extraordinary items decreased 17% to $502.8M. Revenues reflect Off-Road segment increase of 9% to $6.98B, On-Road segment increase of 2% to $1.18B, United States segment increase of 5% to $7.12B, EMEA segment increase of 5% to $886.2M. Net income was offset by General and administrative increase of 19% to $422.8M (expense).
Employees: 18,500 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $7,137M as of Dec 31, 2023
Annual revenue (TTM): $8,934M as of Dec 31, 2023
EBITDA (TTM): $897.40M as of Dec 31, 2023
Net annual income (TTM): $502.80M as of Dec 31, 2023
Free cash flow (TTM): $365.90M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,541M as of Dec 31, 2023
Shares outstanding: 56,480,172 as of Mar 4, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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