Stefan Everts Partners with Renthal as Brand Ambassador for Europe

24 04 2014

MANCHESTER, UK – April 24, 2014 – (Motor Sports Newswire) – Renthal is pleased to announce that 10-time World Motocross Champion has signed on to be Brand Ambassador for Renthal in the European market. As the current race director for factory Red Bull KTM and one of the greatest of all time in the sport of motocross, Stefan’s deep history and knowledge of what it takes to “build championships” is second to none. Stefan has had a long history with Renthal, both as a racer and as a team manager; his knowledge will be utilised to promote the brand and further develop the Renthal product range.

“To be partnered with a brand that’s as historic as Renthal is a real honor.” Everts said in a recent interview. “I have many great memories of using Renthal products through my racing career. One memory that remains was from 1988, my first year in the 125 class, I received a box full of sponsorship product from Renthal, they were there from the very beginning.”

“Renthal started in 1969 from a small building in the North of England, we have now grown to be the market leaders in the motocross market and now occupy a state of the art manufacturing facility located near Manchester, not far from the building that Renthal was first established in.” Rees Williams, Renthal’s Brand Manager for the European Market stated. “We’ve been involved with most of the sport’s greatest racers at some point in their career, but to form this partnership with one of the greatest of all time is really an honor.”

For more information:

Twitter: @Renthal_Moto
Instagram: @Renthal_Moto

About Renthal

Renthal is a worldwide leader in manufacturing and design of motorcycle handlebars, chainwheels, grips and accessories for the off-road, street, and ATV markets. Currently Honda, Kawasaki, KTM, and Suzuki all specify Renthal handlebars as stock for their performance off-road motorcycles. Renthal’s world class manufacturing and engineering facility located near Manchester, England allows the ability to control the entire manufacturing process from start to finish and ensures that the end user is receiving the highest quality product available. Renthal’s handlebars, grips and chainwheels have won more US and world titles, 166 and 169 respectively, than any of its competitors combined. Follow Renthal on Facebook (, Twitter (@Renthal_Moto) and Instagram (@Renthal_Moto). Renthal is distributed in the USA by Parts Unlimited, Western Powersports, Tucker Rocky and Southern Motorcycle Supply.



Team DragonFire Ready to Strike it Rich at Silver State 300

24 04 2014

Look Out Boys, Lacrecia Beurrier Is Going For The Gold

CHANDLER, AZ – April 24, 2014 – (Motor Sports Newswire) – Luck of the draw? Just 10 days away from the Canidae Tap It Silver State 300 and Team DragonFire is ready to roll, despite drawing a starting position at the back of the pack and a pre-race change to a tougher course. Lessons learned at The Mint 400 and a chance to shakedown the all-new Can-Am Maverick have UTV Pro class racer Lacrecia Beurrier’s confidence at an all-time high and ready to show the boys how it’s done on May 2.


“We never had a chance to take the Maverick pre-running before The Mint 400,” admits co-driver Chris Moore. “We built it, wrapped it and ran it!” The lack of testing proved to be a bit of an achilles heel at what is billed as America’s toughest off-road race. Taking the lessons they learned the hard way and throwing in plenty of pre-running should pay off at the Silver State 300. And the bad draw for starting position? “Lacrecia actually likes to start from the back of the pack and we know from The Mint that this car has the speed to catch-up and pass the guys in front of us.”

Team DragonFire’s Best in the Desert Pro 1000 UTV racer is on a roll when it comes to teaming up with the best in the business including Can-Am, Ride Now, Bell, CP-Carrillo, Elka Suspension, Mothers and Royal Purple. Special shout out to ITP for both tires and wheels. “ITP hooked us up with Ultracross tires and their new T9 beadlock aluminum rims,” says Lacrecia. “They worked great at the Mint 400 and our shake down runs leading up to the Silver State 300.” Although she is rolling on massive 30 x 10 ITP rubber, the bright pink beadlocks are what really stand out. The pink trim on her Can-Am and pink beadlocks are to help support breast cancer awareness, something she has supported from day #1 of her racing career and were highlighted at the top of the podium in her two previous Mint 400 wins. “Supporting breast cancer research for a cure has always been the reason for racing,” she explains.

Despite running a borrowed vehicle at the Parker 400 and the lack of testing time for the new Can-Am at The Mint 400, Lacrecia still sits inside the top 10 in points headed into the Silver State 300. With a combined points total of 225, Lacrecia is just 9 points out of 3rd overall and 10 points out of second in the Best In The Desert championship standings. “We know we have a top 10 car, but we are pretty sure we have what it takes to finish on the podium,” says DragonFire’s Social Media Manager Moore. “With a little luck, there is no reason why we can’t go for the gold at the Silver State 300!”

Who needs luck when you have proper prep time and a silky smooth shakedown run? Here is a sneak peek at Lacrecia testing her Silver State set-up:

Thanks to all of the team’s supporters, including DragonFire, RideNow, Can-Am, Bell,, Bulldog LED Lighting, CP-Carrillo, Elka, EPI, Gates Belts, ITP, Joel’s, Lonestar Racing, Mothers Polish, Muzzys, Parker Oil, Rockstar Customs, Royal Purple, Rugged Radios, Wicked Bilt and Wolf Graphics. For more details on the Silver State 300, click


In business for more than 30 years, ITP has become the world’s #1 ATV/UTV aftermarket tire and wheel source. ITP utilizes its experienced staff of engineers, designers and technicians at its two American tire facilities in Clinton, TN, and Jackson, TN, to develop award-winning tire-and-wheel designs for virtually all ATVs and side-by-side vehicles. Numerous outlets distribute ITP tires across the United States and in more than 25 countries worldwide. For a full-color ITP catalog, call toll-free: 1-800-889-7367 or visit


This two-time Mint 400 winner races for a reason — she is out to honor the survival, determination and compassion of those fighting breast cancer. The pink ribbon for breast cancer awareness is not something Lacrecia just slapped on the car last October during Breast Cancer Awareness Month. “Racing For The Cure is where it all started for me,” she says. “My first race in my old Rhino was a charity event to raise money for the program.” Lacrecia quickly went from charity events and powderpuff racing to the real deal, competing in what is billed as America’s toughest off-road race, the Mint 400! Not only did she finish the race, she won the Sportsman UTV class first time out and then came back to successfully defend her title… proudly running pink trim for both her Mint 400 wins. She is a true champion, on and off track — when she is not ripping it up on the race course, Lacrecia’s “real” job is as a registered nurse in Lake Havasu, Arizona. DragonFire, Can-Am and RideNow are honored to have teamed up with Lacrecia’s Rockstar Custom Motorsports effort this season. See for more details on Lacrecia Beurrier’s program.



Yamaha Announced as AMA EnduroCross Premium Sponsor

24 04 2014

Yamaha Motor Corp. U.S. joins fast-growing, exciting indoor off-road motorcycle race series

IRVINE, CA – April 24, 2014 – (Motor Sports Newswire) – Leading motorcycle manufacturer and worldwide racing powerhouse Yamaha Motor Corp. U.S. will support the GEICO AMA EnduroCross Championship, fueled by Monster Energy and presented by Lucas Oil for 2014.

With AMA EnduroCross entering its eighth season as a multi-round, championship series, the momentum continues to build with top-of-the-line sponsors coming on board. For 2014, AMA EnduroCross is proud to welcome Yamaha Motor Corp. U.S. as a premium sponsor to what will surely be the most successful year of EnduroCross racing yet.

“Racing in all its environments brings excitement and memories to fans around the world that is vital to the heritage of Yamaha and we are excited to now officially be a partner with AMA EnduroCross for 2014,” said Bob Starr, General Manager Motorsports Communications for Yamaha Motor Corp. U.S. “EnduroCross has seen rapid growth and an increase in popularity with all motorcyclists. Thanks to its talented riders and challenging courses, it continues to be a unique and fun event for racers and fans alike. We’re excited to showcase the Yamaha product line to the EnduroCross fans in 2014 and look forward to a lasting partnership for the future.”

Yamaha joins EnduroCross just as the series announces another growth surge—increasing its race count to nine cities, including two new cities/venues, for 2014. For 2014, multi-time women’s motocross champion Jessica Patterson will compete in EnduroCross aboard her N-Fab/Am-Pro/Yamaha.

“Having Yamaha come on board this year is a testament to the talent and skill the EnduroCross racers have as well as the passion the EnduroCross fan base brings to each event. Both impress each and every race weekend and, thanks to Yamaha’s support, more motorcycling fans across the country will get to see the EnduroCross show in person,” said Lance Bryson, Director of Sales and Marketing for EnduroCross. “We are honored to have a champion such as Jessica Patterson race the series and look forward to a long-term, successful partnership with Yamaha.”

The Lucas Oil Productions team will again be producing one hour shows for the eight AMA EnduroCross events that will air on MAVtv. Check out for more information.

Las Vegas will host the opening round of EnduroCross on Friday, May 2, during the Monster Energy Supercross finals weekend. Atlanta, Georgia and Salt Lake City, Utah will host first ever EnduroCross events in 2014 and the X Games Enduro X event in Austin, Texas, also will be included as a points-paying event for the GEICO AMA EnduroCross championship. The traditional EnduroCross finals in November will now be held Nov. 22 in Ontario, California.

Tickets are on sale now at
For more information, please visit

2014 GEICO AMA EnduroCross, fueled by Monster Energy Schedule

  • May 2, 2014 – Las Vegas, Nevada. Orleans Arena (Friday Night)
  • June 6, 2014 – Austin, Texas. X Games, Circuit of the America’s
  • June 21, 2014 – Sacramento, California. Sleep Train Arena
  • August 23, 2014 – Atlanta, Georgia. Gwinnett Center
  • October 4, 2014 – Denver, Colorado. National Western Complex
  • October 11, 2014 – Salt Lake City, Utah. Energy Solutions Arena
  • October 18, 2014 – Everett, Washington. Comcast Arena
  • November 15, 2014 – Boise, Idaho. Ford Idaho Center
  • November 22, 2014 – Ontario, California. Citizens Business Bank Arena

EnduroCross tracks incorporate various elements of extreme off road racing into a Supercross-style setting, including rocks, boulders, logs, sand, mud, a water-hole…and even a few special obstacles like giant tires thrown in! Known as the “toughest racing on two wheels,” this indoor off road racing will certainly keep you on your feet. Be sure to log-on to for local air dates/times.

ENDUROCROSS is a registered trademark of Source Interlink Media. For rules and race information visit or email

Source Interlink Media’s GrindMedia is home to renowned action and adventure sports magazine brands Surfer, Surfing, Snowboarder, Skateboarder, Powder, Bike, Canoe & Kayak, SUP-Standup Paddler, Transworld Motocross, and Paved. Along with our standalone websites, including, Newschoolers and, GrindMedia is the leading provider of print and online action sports and entertainment content in the United States. Delivering significant reach across both action sports enthusiast and various in-market consumer audiences, GrindMedia produces more than 20 leading events and webcasts such as Surfer Poll Awards, Powder Video Awards, Lowers Pro, EnduroCross and International Surfing Day. Grind Media is also the exclusive action and adventure sports content provider for Yahoo! Sports. To learn more, visit





Stock Car Racer Danica Patrick Endorses BRP’s Can-Am Spyder

24 04 2014

VALCOURT, QUEBEC – April 24, 2014 – (Motor Sports Newswire) – Professional stock car racer Danica Patrick, an ambassador of BRP’s popular Can-Am Spyder, not only rides the unique three-wheel on-road vehicle but also actively participates in promotional activities.

140424 BRP Danica Patrick Can-Am Spyder

“I first tried the Can-Am Spyder in Long Beach, CA in a closed track and I had a blast. I couldn’t believe how much fun to ride it was,” said Patrick. “The Can-Am Spyder feels easy to drive. Its stability system gives you confidence. I simply had a blast!”

Since her first trial, Danica has, in the past few months, participated in the launch of several video vignettes and social media contests including a newly released spot featuring rock legend Steven Tyler introducing Can-Am Spyder as The Ultimate Escape Vehicle. Celebrities can dial 1-844-SPYDER-LA from April 24 to April 27 – if they are famous, the fleet will pick them up! And by doing so, they will see why Can-Am Spyder is the perfect getaway for anyone, escaping on the open road with confidence and control.

One of the social media initiatives currently underway is the: “Pick Danica’s Spyder”. Fans are invited to vote before May 20, via Facebook, for the vehicle model fans think Danica should own. Voting enters the fan to win one of their own. One lucky fan will also get to Ride With Danica and can either enter online or visit a local dealer to enter the contest.

“In a world where everyone can experience the exhilaration of the open road, having Danica Patrick endorse Can-Am Spyder roadsters makes a lot of sense,” said Tom Riley, Can-Am Spyder marketing director. “She competes weekly on the track in a sport that exudes exhilaration, yet demands control and confidence. At BRP, we believe in a world where everyone can experience the exhilaration of the open road. And since 2007, people all over the world have discovered the unique thrill of the Can-Am Spyder, by making it their ride of choice.”

Fans can find Can-Am Spyder on Facebook at and on Twitter at To find a local retailer, visit the Can-Am Spyder dealer locator.

Combining a Y-frame design with seven state-of-the-art automobile technologies and Rotax engine, the Can-Am Spyder roadster gives riders a greater sense of control and confidence to enjoy to the fullest the incredible exhilaration of open-air, open-road riding. Released in 2007, the Can-Am Spyder roadster includes three distinct platforms. The sport line represents the machine for the rider who has a passion for a vehicle as stunning through the curves as it is to the eye. The sport-touring line represents the optimum combination of comfort and sportiness to set it apart from the other Can-Am Spyder platforms, and the touring line that comes in 2014 with a completely new Rotax 1330 ACE in-line triple engine mated to a new six-speed transmission (available in manual and semi-automatic versions) to deliver the ultimate in touring performance and comfort.

About BRP

BRP (TSX:DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Its portfolio includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am roadsters, Evinrude outboard engines and Rotax engines for karts, motorcycles and recreational aircraft as well as inboard jet propulsion systems for boats. BRP supports its line of products with a dedicated parts, accessories and clothing business. With annual sales of over CA$3 billion from 105 countries, the Company employs approximately 7,100 people worldwide. @BRPnews

Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, Spyder, ACE and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates.


For corporate information:
Johanne Denault, 450-532-5173
Manager, Corporate Communications
For product information:
Chaz Rice, 514-532-5120
Can-Am Public Relations Manager



Polaris Urging Help to Re-Open Areas of the Imperial Sand Dunes

24 04 2014

MINNEAPOLIS, MN – April 24, 2014 – (Motor Sports Newswire) – Thanks to the tireless efforts of the American Sand Association (aSa) and numerous volunteers, 40,000 acres of currently closed dunes will be reopened for OHV recreation. The aSa is working on a volunteer effort, in conjunction with the BLM, to start the process of removing the closure stakes in the Imperial Sand Dunes Recreation Area. More specifically, the small central closure near Gecko Campground and the 160 acres in Buttercup. The Buttercup project will also call for assistance with the reinstallation of the critical habitat closure near the US/Mexico border.

DATES: May 2 – Volunteer registration from 6:00 p.m. – 9:00 p.m.
May 3 – 5:30 a.m. briefing, volunteer registration
TIME: Due to the excessive heat during this time, we expect to be finished by 11:00 a.m. Lunch will be provided afterwards.
LOCATION: Gecko Campground & Buttercup Ranger Station, Glamis, Calif.
OHVs, Quads, SxS, Trucks, Trailers, EZ-Ups, Goggles, Gloves, Shovels, Rope, Tie-Downs and Moving Blankets.


To sign up or for questions, please email Nicole at

About Polaris

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 and Indian Motorcycle 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 at

Source: Polaris Industries Inc.

Polaris Sales Inc.
Donna Beadle, 763-542-2314

11-11-18 polaris



Polaris Reports Record First Quarter 2014 Results; EPS Increased 11% to $1.19 on 19% Sales Growth

24 04 2014

First Quarter 2014 Highlights:

  • Sales increased 19% to $888.3 million, setting a new record for the first quarter.
  • Operating income increased 24% to $126.7 million during the 2014 first quarter.
  • Raising guidance for full year 2014 earnings to a range of $6.30 to $6.45 per diluted share from continuing operations, an increase of 17% to 19% over 2013 based on projected full year 2014 sales growth of 14% to 16%.

MINNEAPOLIS, MN – April 24, 2014 – (Motor Sports Newswire) – Polaris Industries Inc. (NYSE:PII) today reported record first quarter net income of $80.9 million, or $1.19 per diluted share, for the quarter ended March 31, 2014. By comparison, 2013 first quarter net income was $75.5 million, or $1.07 per diluted share. Net sales for the first quarter 2014 totaled $888.3 million, which represents an increase of 19 percent from last year’s first quarter sales of $745.9 million.

“I am extremely pleased to report record sales and earnings for our 2014 first quarter, which represents the 18th consecutive quarter of record earnings performance. Our broad and diversified product and brand portfolio has Polaris off to yet another strong start, with first quarter sales up 19 percent led by continued excellent performance from our Off-Road Vehicles (“ORV”) business and rapid growth within our motorcycle, small vehicle and PG&A businesses in both North America and internationally,” commented Scott Wine, Polaris’ Chairman and CEO.

“We remain true to the long-term corporate strategy to become a customer-centric, highly profitable $8 billion global enterprise, and made solid progress in the quarter towards each of our strategic growth objectives. We are intensifying our efforts to improve all that we do through Lean and our teams are further strengthening our powerful portfolio of brands. Product innovation is at the forefront of this initiative, highlighted by the first quarter introduction of the revolutionary Sportsman ACE™, which garnered initial interest exceeding even our high expectations. Additionally, during the quarter, we unveiled nine snowmobiles featuring the all-new model year 2015 AXYS™ platform, which gives the rider unrivaled control. And we expanded the breadth and reach of our PG&A business with this month’s acquisition of Kolpin Outdoors, Inc., a highly respected powersports aftermarket products company. To support these new additions and our entire portfolio of brands and products, we are excited about the January announcement that Tim Larson will lead our enhanced and streamlined customer experience, which includes the merging of our sales and service operations, corporate marketing and interactive group into a unified global customer excellence team.”

Wine concluded, “2014 marks Polaris’ 60th year of bringing innovative products to our consumers. From our humble origin as a small snowmobile company in northern Minnesota, Polaris has evolved into a multi-national Company that builds numerous industry leading products and is on track to generate over $4 billion in annualized sales. With our solid start to the year and a number of additional new innovative product introductions expected later this year, we are raising our 2014 full year sales and earnings guidance.”

2014 Business Outlook

For the full year 2014, the Company now expects earnings to be in the range of $6.30 to $6.45 per diluted share from continuing operations, an increase of 17 to 19 percent over full year 2013 earnings of $5.40 per diluted share from continuing operations. Full year 2014 sales are expected to grow in the range of 14 to 16 percent over full year 2013 sales.

First Quarter Performance Summary (in thousands except per share data)

Three Months ended March 31,

Product Line Sales




Off-Road Vehicles $ 602,843 $ 541,272 11 %
Snowmobiles 15,586 14,714 6 %
Motorcycles 78,867 51,797 52 %
Small Vehicles 38,483 11,059 248 %
Parts, Garments & Accessories 152,567 127,067 20 %
Total Sales $ 888,346 $ 745,909 19 %
Gross Profit $ 258,417 $ 216,648 19 %
Gross profit as a % of sales 29.1 % 29.0 % +10 bps
Operating Expenses $ 142,375 $ 124,753 14 %
Operating expenses as a % of sales 16.0 % 16.7 % -70 bps
Operating Income $ 126,682 $ 101,969 24 %
Operating Income as a % of sales 14.3 % 13.7 % +60 bps
Net Income $ 80,901 $ 75,464 7 %
Net income as a % of sales 9.1 % 10.1 % -100 bps
Diluted Net Income per share $ 1.19 $ 1.07 11 %

Off-Road Vehicle (“ORV”) sales increased 11 percent from the first quarter 2013 to $602.8 million. This increase reflects continued market share gains for ORV, aided by the all-new 2014 RZR XP1000 high performance recreation vehicle introduced in the third quarter 2013 and the new Sportsman ACE™, a single-seat sit-in off-road vehicle introduced in January. Polaris’ North American ORV unit retail sales were up high single digits percent from the first quarter of 2013, with consumer purchases of ATVs, RANGER’s and RZR’s each increasing from the first quarter last year. The Company estimates North American industry ORV retail sales in the first quarter 2014 increased mid-single digits percent. Polaris ORV dealer inventory was up in the 2014 first quarter compared to a year ago primarily reflecting new ORV product categories added during the 2014 model year. Sales of ORVs outside of North America increased 12 percent in the first quarter 2014 when compared to the first quarter 2013, primarily due to market share gains.

Snowmobile sales totaled $15.6 million for the 2014 first quarter compared to $14.7 million for the first quarter of 2013. The North American snowmobile industry finished the season strong with industry retail sales up just over ten percent for the entire season ending March 31, 2014 due to favorable snowfall levels in most of the North American snowmobile riding areas. Polaris’ North American retail snowmobile sales were up mid-single digits percent for the full 2013-2014 season, but were lower than the industry primarily due to a slow start to the Company’s pre-season orders from consumers last spring. However, Polaris maintained ownership of the second largest market share for North America snowmobiles with dealer inventories up only modestly from last year’s season-end levels. Sales to customers outside North America decreased 39 percent in the first quarter 2014 due to unseasonably warm weather and unfavorable snowfall levels in the Scandinavian region and Russia during the first quarter 2014. During the quarter, the Company introduced its model year 2015 snowmobile lineup highlighted by the all-new AXYS™ platform featured on nine new models, which is designed to deliver unmatched handling and performance. In addition, the Company introduced two new model year 2015 long-track INDY™ models, which deliver exceptional on and off-trail riding.

Motorcycle division sales increased 52 percent in the 2014 first quarter to $78.9 million due to the shipments of the new model year 2014 Indian motorcycles. Consumer retail demand for Polaris Motorcycles, driven by strong Indian Motorcycle retail sales, was up about 50 percent during the 2014 first quarter, while first quarter North American industry heavyweight cruiser and touring motorcycle retail sales were up low-single digits percent from 2013. The re-launch of Indian Motorcycle continued during the 2014 first quarter as more dealers began retailing the brand and the product line received high visibility from both motorcycle shows and an aggressive marketing campaign. While Indian received the lion’s share of the press from the media during the quarter, Victory continues to market innovative, high performance products with the recent introduction of the Victory Gunner, an urban cruiser with a combination of bobber style, performance and power. Sales of Polaris motorcycles outside of North America increased 140 percent in the first quarter of 2014 as compared to a year ago driven by strong shipments of Indian motorcycles.

Small Vehicles division, which is comprised of Aixam, GEM and Goupil, increased 248 percent to $38.5 million compared to the first quarter of 2013. All three businesses experienced sales growth during the 2014 first quarter with incremental sales from the Aixam acquisition in April, 2013 representing the most significant portion of the 2014 first quarter sales growth.

Parts, Garments and Accessories (“PG&A”) sales increased 20 percent during the first quarter 2014 to $152.6 million compared to the same period last year. The growth was driven by double digit sales increases in ORV, motorcycles and small vehicles resulting from product innovation, increased integration of accessories and a greater focus on apparel sales through the Klim business.

International sales to customers outside of North America totaled $165.1 million for the 2014 first quarter, up 44 percent over the same period in 2013. The increase in first quarter sales resulted from strong sales growth in the Europe, Middle East and Africa (“EMEA”) region with sales up about 50 percent; over two-thirds coming from the April 2013 acquisition of Aixam, and a 28 percent combined increase in sales to customers in the Asia/Pacific and Latin America regions. Both ORV and motorcycles gained market share outside of North America during the 2014 first quarter.

Gross profit increased 19 percent to $258.4 million or 29.1 percent of sales for the first quarter of 2014, compared to $216.6 million or 29.0 percent of sales in the first quarter of 2013. As expected, negative currency movements, primarily the Canadian dollar, pressured gross margins during the 2014 first quarter, but this was more than offset by lower product costs and higher pricing.

Operating expenses for first quarter 2014 grew 14 percent to $142.4 million or 16.0 percent of sales, compared to $124.8 million or 16.7 percent of sales for the first quarter of 2013. Operating expenses as a percent of sales for the first quarter of 2014 declined due to lower long-term incentive compensation expenses partially offset by higher marketing and advertising expenses primarily related to the re-launch of Indian Motorcycle.

Income from financial services was $10.6 million during first quarter 2014, an increase of six percent compared to $10.1 million in the first quarter of 2013, due to higher income from Polaris Acceptance’s dealer inventory financing.

Equity in loss of affiliates was $0.9 million for the first quarter 2014 compared to $0.4 million last year, which represents the Company’s portion of the start-up costs related to the Polaris/Eicher joint venture in India established in 2012.

Non-operating other income, which primarily relates to foreign currency exchange rate movements and the corresponding effects on foreign currency transactions related to the Company’s foreign subsidiaries, was $2.1 million in the first quarter of 2014 compared to $2.5 million in the first quarter of 2013.

The provision for income taxes for the first quarter 2014 was $44.2 million or 35.3 percent of pretax income compared to $27.1 million or 26.4 percent of pretax income for the first quarter 2013. The higher income tax rate for the first quarter 2014 is primarily due to the United States federal government not yet extending the research and development income tax credit as of March 31, 2014 and the income tax rate in the first quarter 2013 reflecting a non-recurring $8.2 million benefit resulting from the reinstatement of the federal research and development income tax credit retroactively for calendar year 2012 and favorable outcomes of income tax audits during the first quarter of 2013. This change in the income tax rate, accounts for about 130 basis points negative impact to the net income margin percentage in the first quarter 2014.

The weighted average diluted shares outstanding for the first quarter 2014 decreased four percent to 68.0 million shares compared to 70.8 million shares in the first quarter last year. The decrease in the weighted average diluted shares outstanding is primarily due to the Company’s purchase of 3.96 million shares of Polaris stock previously held by FHI Heavy Industries Ltd. (“Fuji”) for a purchase price of $497.5 million in November 2013.

Financial Position and Cash Flow

Net cash provided by operating activities was $44.7 million for the first quarter ended March 31, 2014 compared to net cash provided by operating activities of $47.8 million for the first quarter of 2013. The slight decline in net cash provided by operating activities in the 2014 first quarter was the result of increased working capital requirements primarily from higher factory inventory offset somewhat by higher net income. Total debt, including capital lease obligations, at the end of the first quarter 2014 was $331.8 million. During the 2014 first quarter, the Company increased its quarterly dividend payment for the 19th consecutive year by 14 percent to $0.48 per share and paid a total of $31.7 million in dividends to shareholders. The Company’s debt-to-total capital ratio was 35 percent at March 31, 2014, compared to 13 percent a year ago. Cash and cash equivalents were $101.8 million at March 31, 2014, compared to $380.8 million for the same period in 2013.

Conference Call and Webcast Presentation

Today at 9:00 AM (CDT) Polaris Industries Inc. will host a conference call and webcast to discuss Polaris’ 2014 first quarter earnings results released this morning. The call will be hosted by Scott Wine, Chairman and CEO, Bennett Morgan, President and COO, and Mike Malone, Vice President – Finance and CFO. A slide presentation and link to the audio webcast will be posted on the Investor Relations page of the Polaris web site at

To listen to the conference call by phone, dial 877-706-7543 in the U.S. and Canada, or 973-200-3967 internationally. The Conference ID is # 24519692.

A replay of the conference call will be available approximately two hours after the call for a one-week period by accessing the same link on our website, or by dialing 855-859-2056 in the U.S. and Canada, or 404-537-3406 internationally.

About Polaris

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 and Indian Motorcycle 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 at

Except for historical information contained herein, the matters set forth in this news release, including management’s expectations regarding 2014 sales, shipments, net income, and net income per share from continuing operations are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Potential risks and uncertainties include such factors as the Company’s ability to successfully implement its manufacturing operations realignment initiatives, product offerings, promotional activities and pricing strategies by competitors; acquisition integration costs; warranty expenses; foreign currency exchange rate fluctuations; environmental and product safety regulatory activity; effects of weather; commodity costs; uninsured product liability claims; uncertainty in the retail and wholesale credit markets; performance of affiliate partners; changes in tax policy and overall economic conditions, including inflation, consumer confidence and spending and relationships with dealers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission. The Company does not undertake any duty to any person to provide updates to its forward-looking statements.

(summarized financial data follows)

(In Thousands, Except Per Share Data)
Three months ended March 31,
2014 2013
Sales $ 888,346 $ 745,909
Cost of sales 629,929 529,261
Gross profit 258,417 216,648
Operating expenses:
Selling and marketing 65,570 54,493
Research and development 35,513 31,450
General and administrative 41,292 38,810
Total operating expenses 142,375 124,753
Income from financial services 10,640 10,074
Operating income 126,682 101,969
Non-operating expense (income):
Interest expense 2,812 1,473
Equity in loss of other affiliates 896 412
Other (income), net (2,105 ) (2,468 )
Income before income taxes 125,079 102,552
Provision for income taxes 44,178 27,088
Net income $ 80,901 $ 75,464
Basic net income per share $ 1.23 $ 1.10
Diluted net income per share $ 1.19 $ 1.07
Weighted average shares outstanding:
Basic 65,833 68,793
Diluted 67,958 70,762


(In Thousands)
Subject to Reclassification March 31, 2014 March 31, 2013
Current Assets:
Cash and cash equivalents $ 101,789 $ 380,750
Trade receivables, net 150,464 129,332
Inventories, net 482,874 370,856
Prepaid expenses and other 59,326 30,740
Income taxes receivable 3,030 9,194
Deferred tax assets 93,024 85,488
Total current assets 890,507 1,006,360
Property and equipment, net 495,053 274,737
Investment in finance affiliate 71,439 56,432
Investment in other affiliates 15,102 12,421
Deferred tax assets 20,048 26,257
Goodwill and other intangible assets, net 226,461 105,096
Other long-term assets 45,839 21,603
Total assets $ 1,764,449 $ 1,502,906
Liabilities and Shareholders’ Equity
Current Liabilities:
Current portion of capital lease obligations $ 3,076 $ 2,627
Accounts payable 257,795 215,187
Accrued expenses:
Compensation 50,870 65,666
Warranties 47,224 40,941
Sales promotions and incentives 133,058 109,601
Dealer holdback 90,374 75,659
Other 77,284 66,930
Income taxes payable 27,333 18,017
Current liabilities of discontinued operations 5,000
Total current liabilities 687,014 599,628
Long term income taxes payable 13,405 3,616
Capital lease obligations 28,723 3,727
Long-term debt 300,000 100,000
Deferred tax liabilities 24,067 2,017
Other long-term liabilities 85,369 62,080
Total liabilities $ 1,138,578 $ 771,068
Deferred compensation $ 10,022
Total shareholders’ equity 615,849 731,838
Total liabilities and shareholders’ equity $ 1,764,449 $ 1,502,906
Certain reclassifications of previously reported balance sheet amounts have been made to conform to the current year presentation


(In Thousands)
Subject to Reclassification Three months ended March 31,
2014 2013
Operating Activities:
Net income $ 80,901 $ 75,464
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 28,069 19,906
Noncash compensation 12,785 10,351
Noncash income from financial services (1,543 ) (1,052 )
Noncash loss from other affiliates 896 412
Deferred income taxes (2,262 ) (1,170 )
Tax effect of share-based compensation exercises (8,884 ) (5,379 )
Changes in operating assets and liabilities:
Trade receivables 36,037 (10,393 )
Inventories (63,210 ) (26,897 )
Accounts payable 19,727 46,342
Accrued expenses (81,942 ) (80,823 )
Income taxes payable/receivable 35,312 21,463
Prepaid expenses and others, net (11,139 ) (450 )
Net cash provided by operating activities 44,747 47,774
Investing Activities:
Purchase of property and equipment (39,703 ) (40,113 )
Investment in finance affiliate, net (678 ) 1,607
Net cash used for investing activities (40,381 ) (38,506 )
Financing Activities:
Borrowings under debt arrangements 652,838 119
Repayments under debt arrangements and capital lease obligations (633,887 ) (750 )
Repurchase and retirement of common shares (244 ) (25,687 )
Cash dividends to shareholders (31,719 ) (28,662 )
Proceeds from stock issuances under employee plans 9,365 4,995
Tax effect of proceeds from share-based compensation exercises 8,884 5,379
Net cash provided by (used for) financing activities 5,237 (44,606 )
Impact of currency exchange rates on cash balances (62 ) (927 )
Net increase (decrease) in cash and cash equivalents 9,541 (36,265 )
Cash and cash equivalents at beginning of period 92,248 417,015
Cash and cash equivalents at end of period $ 101,789 $ 380,750


Source: Polaris Industries Inc.

Polaris Industries Inc.
Richard Edwards, 763-542-0500

11-11-18 polaris



Supercross Legend Jeremy McGrath Signs Sponsorship with bluemedia for 2014 Lucas Oil Off Road Series

24 04 2014

bluemedia is proud to announce their sponsorship of seven-time AMA Supercross Champion and Motocross legend Jeremy McGrath for the 2014 Lucas Oil Off Road Series. The sponsorship includes production of all graphics and signage for McGrath’s trucks, haulers, pits, basecamp, hospitality and more.

TEMPE, AZ – April 23, 2014 – (Motor Sports Newswire) – bluemedia, an industry-leading provider of design, printing and fabrication for use in vehicle, large format and environmental graphic applications, is proud to announce their sponsorship of Jeremy McGrath, seven-time AMA Supercross Champion and Motocross legend, for the 2014 Lucas Oil Off Road Series (LOORS).

bluemedia Jeremy McGrath Sponsorship

“We couldn’t have chosen a better athlete to sponsor,” said Jared Smith, president of bluemedia. “Jeremy’s Supercross success is unmatched, and his record, 101 career wins and 12 titles, will most likely never be beat. It’s that dedication, talent, and domination of the industry that makes this sponsorship such a great fit. It’s everything bluemedia is known for.”

The sponsorship deal, which includes bluemedia producing all graphics and signage for McGrath’s team’s trucks, haulers, pits, basecamp, hospitality and more, kicked off last month at Wild Horse Pass Motorsports Park in Chandler, AZ, where the Jeremy McGrath Motorsports team battled for supremacy in the highly competitive short course off road racing series. Next up is Lake Elsinore Motorsports Park in California, with the remaining races taking place through the end of October.

“Short course racing is an absolute battle on the track every second of the race,” said McGrath. “It takes a dedicated crew to keep my truck running strong. The team at bluemedia have the same dedication and pride in the team as I do. They keep me and my sponsors looking good on the track and in the pits with the best graphics and signage anywhere!”

Often credited with bringing the sport of Supercross into the mainstream, McGrath is currently pursuing titles on four wheels, racing in the ultra-competitive Pro 2 class, where he frequently places in the Top Ten of any given event. His other sponsors include Loctite, Fuel Off-Road, Maxxis, iON Camera, 3M and more.

For more information on the Jeremy McGrath Motorsports team, or for a schedule of Pro 2 races, please visit

About bluemedia

bluemedia is a national provider of large-format printing and structural signage solutions. From design to install, our entire team is dedicated to transforming the marketing industry through innovative solutions and our commitment to “Make it Perfect.” That’s our passion, and we mean it. We know that if we consistently deliver superior products and outstanding service, you’ll always come back for more. That’s why you can completely rely on our state-of-the-art technology and 120,000-square-foot production facility, as well as our professional, detail-oriented staff and award-winning design team. Browse our products and services online anytime at

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