MINNEAPOLIS, Oct 29, 2014 (BUSINESS WIRE) -- Polaris Industries Inc. PII, -0.42%today announced it will celebrate the Company’s 60-year anniversary with a Closing Bell ceremony from the floor of the New York Stock Exchange. Chairman and CEO Scott Wine and a number of key Polaris executives and team members will participate in the nationally televised event, which takes place today at 4 p.m. EST on Wall Street in New York City.
Starting from humble beginnings in 1954 in Roseau, Minnesota, Polaris was among the first in the nation to produce a working snowmobile, and six decades later has grown to become a $4+ billion highly profitable global leader in the powersports industry. Polaris’ armada of products includes an ever-expanding lineup of snowmobiles, ATV and side-by-side vehicles, motorcycles, electric/hybrid powered vehicles and military/defense vehicles and related PG&A. Key milestones and innovation highlights over the Company’s 60-year history include:
- 1956 – Produces the first modern snowmobile
- 1985 – Introduces first ATV
- 1987 – Becomes a publicly traded company
- 1998 – RANGER™, the first of many utility side-by-side vehicles, is launched
- 1998 – Victory Motorcycles, the company’s first on-road vehicles, are introduced
- 2007 – RZR™ is unveiled – first trail-capable recreational side-by-side vehicle in the market
- 2009 – Achieves #1 market share position in powersports
- 2011 – First manufacturing operation established outside North America in Monterrey, Mexico
- 2011 – Exceeds 3 million Polaris Off-Road Vehicles sold since introduction
- 2013 – Re-launches Indian Motorcycles
- 2013 – Acquires Axiam Mega quadricycle company; compliments GEM and Goupil Small Vehicles
- 2014 – Introduces Slingshot, the Company’s unique 3-wheel roadster
“Innovation is the lifeblood of this company, and we have an incredible global team of nearly 7,000 employees relentlessly focused on driving innovation in everything we do,” said Polaris Industries Chairman and CEO Scott Wine. “As we ring the Closing Bell today we pause to celebrate 60 years of truly pioneering achievements and the dedicated folks who made it happen, and we look forward to the almost limitless opportunities ahead for Polaris Industries.”
Throughout the day today Polaris will exhibit a selection of its innovative vehicles in “Experience Square” on the street outside the NYSE. The display will include all-new model year 2015 vehicles including the Indian Scout and Indian Roadmaster motorcycle, a Polaris Slingshot SL roadster, a Victory Magnum and Gunner motorcycle, a Polaris 600 Rush Pro-S snowmobile with the all-new Axys™ chassis, the RZR™ 900 and RANGER™ XP 900 side-by-side vehicles, and the new Sportsman ACE™.
Polaris is a recognized leader in the powersports industry with annual 2013 sales of $3.8 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER® and RZR® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory, Indian Motorcycle and Slingshot brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid powered vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, Aixam Mega S.A.S., and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris Engineered Parts, Accessories and Apparel, Klim branded apparel and ORV accessories under the Kolpin and Cycle Country brands.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.
Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime atwww.polaris.com.
SOURCE: Polaris Industries Inc.