Polaris Appoints Former Executive as New CFO
July 21, 2023
🌥️Trending News
Polaris Inc ($NYSE:PII). has made a major announcement with the appointment of a former executive as the company’s new Chief Financial Officer. Helios Technologies announced the appointment of former Polaris Inc. executive, Ahmed Khatib, to its senior management team as Chief Financial Officer. Polaris Inc. is an American manufacturer of recreational products, including snowmobiles, ATVs, and motorcycles, as well as electric vehicles, parts and accessories. With its headquarters in Minnesota, the company has a strong presence in North America, Europe, and emerging markets. Its products are sold globally through a network of distributors and dealers. Polaris Inc. is publicly traded on the New York Stock Exchange under the symbol PII. Ahmed Khatib brings a wealth of experience to his new position. As former Vice President of Finance & Corporate Controller at Polaris Inc., Khatib was responsible for financial reporting, internal audit processes and treasury operations.
In addition, he had direct oversight of the corporate tax function. He also has extensive experience in the public accounting sector, having spent time with EY and Deloitte & Touche. Helios Technologies is confident that Khatib’s expertise and strong financial background will provide the company with the necessary tools to effectively manage its finances. They believe that his appointment will be beneficial to both the company and its shareholders.
Market Price
On Thursday, Polaris Inc. made a major announcement when it appointed former executive Michael Dougherty as the company’s new Chief Financial Officer (CFO). Upon the announcement, POLARIS INC stock opened at $135.1 but closed at $134.3, down by 0.8% from its prior closing price of 135.4. Dougherty brings a great deal of experience to the role, having held previous positions in finance and accounting with a variety of companies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Polaris Inc. More…
| Total Revenues | Net Income | Net Margin |
| 8.99k | 490.6 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Polaris Inc. More…
| Operations | Investing | Financing |
| 681.9 | -374.5 | -356.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Polaris Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.29k | 4.14k | 20.22 |
Key Ratios Snapshot
Some of the financial key ratios for Polaris Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | 28.6% | 10.0% |
| FCF Margin | ROE | ROA |
| 3.7% | 50.1% | 10.7% |
Analysis
At GoodWhale, we recently conducted an analysis of POLARIS INC, one of the world’s leading organizations in the field of technology. Our results suggest that POLARIS INC is a medium risk investment in terms of financial and business aspects. We have rated the company according to the Risk Rating System, and it falls in the medium-risk category. In addition to the financial aspects, we have detected two non-financial risk warnings in the balance sheet of POLARIS INC. These warnings relate to the ability of the company to maintain a steady growth trajectory and its ability to remain competitive over the long term. If you would like to know more about these warnings, please register with us at our website. We also provide comprehensive assessments and reports on various organizations, so you can make an informed decision about investing in a particular company or sector. With our help, you can be sure that you are making a sound investment decision. More…
Peers
Polaris Inc, Zhejiang CF Moto Power Co Ltd, Nissan Shatai Co Ltd, and Auto Parts 4Less Group Inc are all companies that manufacture and sell vehicles. Each company has its own unique history and set of products.
– Zhejiang CF Moto Power Co Ltd ($SHSE:603129)
Zhejiang CF Moto Power Co Ltd is a Chinese company that manufactures and sells motorcycles, ATVs, and scooters. The company has a market cap of 21.52B as of 2022 and a Return on Equity of 11.52%. CF Moto was founded in 1989 and is headquartered in Hangzhou, China. The company sells its products in over 80 countries and has over 6,000 dealers worldwide. CF Moto’s product line includes street bikes, dirt bikes, and ATVs. The company also offers a line of electric vehicles.
– Nissan Shatai Co Ltd ($TSE:7222)
Nissan Shatai Co Ltd is a Japanese automotive manufacturer with a market cap of 112.16B as of 2022. The company has a Return on Equity of -1.77%. Nissan Shatai Co Ltd manufactures cars, trucks, and SUVs. The company also manufactures and sells electric vehicles and vehicle parts.
Summary
Investment analysis of Polaris Inc. is an evaluation of the company’s potential growth, financial performance, competitive landscape, and other factors that may affect its performance in the future. Factors assessed include the company’s historical performance, current market position, plans for future strategies, return on investment, and estimated growth potential. Analysts assess the company’s financial health, liquidity, debt levels, cost structure, and other elements of the balance sheet.
They also review the company’s management team, business strategies, competitive landscape, research and development, and overall corporate strategy. Finally, analysts consider the company’s operational metrics such as sales growth and profitability to determine their outlook for the company.
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