Why Polaris Stock Revved Higher Today
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Polaris (PII) shares surged 10.4% following the announcement of a restructuring plan that separates its Indian Motorcycle business into a stand-alone company. The move aims to enhance Polaris' earnings profile and will involve selling a majority stake in Indian to private equity firm Carolwood. CEO Mike Speetzen highlighted that this strategy will allow Polaris to focus on growth areas and create long-term value for shareholders, with an expected increase in adjusted earnings per share by about $1 and an annualized EBITDA boost of $50 million.
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