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 |
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 |