Polaris Industries Inc. to Present at B. Riley & Co. Investor Conference

MINNEAPOLIS, MN – May 17, 2013 – (Motor Sports Newswire) - Polaris Industries Inc. (NYSE: PII) announced today that it will present at the B. Riley & Co. 14^th Annual Investor Conference at the Loews Santa Monica Beach Hotel on Tuesday, May 21, 2013 at 11:30 a.m. PDT. Scott Wine, Chairman and CEO of Polaris, will provide a brief review of the Company’s past performance as well as an update on current business conditions.

A webcast of the presentation will be available by accessing the Polaris website at www.polaris.com/irhome. A replay of the webcast will be available for one week following the event. The presentation for this event will also be posted on our website under “Investor Relations/Presentations”.

About Polaris

Polaris is a recognized leader in the powersports industry with annual 2012 sales of $3.2 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 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 and KLIM branded apparel and Polaris accessories and parts.

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 www.polaris.com.

Source: Polaris Industries Inc.

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Steve Johnson Takes Over as Motorcycle Industry Council Aftermarket Committee Chair

Former Chair Frank Esposito to Remain Active on MIC Aftermarket Committee

IRVINE, CA – May 15, 2013 – (Motor Sports Newswire) – Motorcycle Industry Council board member Steve Johnson assumes the position of MIC Aftermarket Chair. In his new role, Johnson takes over for former Chair Frank Esposito, who is stepping down after serving in this position since 2004. Esposito, who also sits on the MIC board, will continue to be an active member of the Aftermarket Committee.

“I am pleased to have the opportunity to lead the Aftermarket Committee for the MIC,” said Johnson, president and COO of Tucker Rocky Distributing. “Our industry has survived the greatest recession in our lifetime. We are seeing signs of an economic turnaround and it is critical that all constituents in the powersports industry find ways to capitalize on this recovery. There are many pressures on our industry ­– from land closure to unfavorable laws from both the state and federal level – that will have negative consequences. MIC has recently created the opportunity for powersports dealers to become MIC members. It is important that all interested parties come together with a stronger, united voice to make sure the powersports industry is represented. The Aftermarket Committee will continue to play a key role in initiating and supporting these efforts.

“I want to thank Frank Esposito for his leadership of the Aftermarket Committee,” continued Johnson. “Frank has always been a passionate, creative and articulate voice in the Aftermarket Committee. I also want to thank MIC President Tim Buche for his outstanding leadership of the MIC.”

Added Esposito, president of Kendon Industries, Inc.: “I am very grateful to everyone who supported me during my time as chair of the MIC’s Aftermarket Committee. I’m pleased with and proud of the accomplishments and diligence shown by the committee and the membership task force over the last 10 years. But change is healthy; it keeps us fresh and challenges the status quo. Now is the right time for change and so the time has come to rotate from the chair. I believe that Steve is the ideal next candidate. His industry experience and commitment to the aftermarket will prove invaluable as he takes over as chair. I look forward to working with him in this new capacity and also to continuing to serve as an active member of the committee.”

The Motorcycle Industry Council exists to preserve, protect and promote motorcycling through government relations, communications and media relations, statistics and research, aftermarket programs, development of data communications standards, and activities surrounding technical and regulatory issues. As a not-for-profit, national industry association, the MIC seeks to support motorcyclists by representing manufacturers, distributors, dealers and retailers of motorcycles, scooters, ATVs, ROVs, motorcycle/ATV/ROV parts, accessories and related goods and services, and members of allied trades such as insurance, finance and investment companies, media companies and consultants.

The MIC is headquartered in Irvine, Calif., with a government relations office in metropolitan Washington, D.C. First called the MIC in 1970, the organization has been in operation since 1914. Visit the MIC at www.mic.org.

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Arctic Cat Reports Fiscal 2013 Results

 

• Fiscal 2013 sales increased 15% to $671.6 million, driven by strong ATV and Wildcat side-by-side sales;
• Full-year diluted EPS up 68% to record $2.89 versus $1.72 in prior year;
• Fiscal 2013 sales within company’s guidance range, while EPS exceeded it;
• Company expects fiscal 2014 EPS to increase 10% to 13% and be in the range of $3.17 to $3.27 per diluted share

MINNEAPOLIS, MN – May. 15, 2013 – (Motor Sports Newswire) – Arctic Cat Inc. (NASDAQ: ACAT) today reported record net earnings and earnings per diluted share for the fiscal year ended March 31, 2013. Net earnings rose 33 percent to $39.7 million, or $2.89 per diluted share, up from prior-year net earnings of $29.9 million, or $1.72 per diluted share. Arctic Cat’s net sales for the fiscal 2013 full year increased 15 percent to $671.6 million versus $585.3 million last fiscal year.

“We had another year of outstanding financial performance and are very pleased to report record net earnings and EPS for the fiscal 2013 full year,” said Claude Jordan, Arctic Cat’s chairman and chief executive officer. “Higher sales volumes, combined with our ongoing focus on operational excellence and cost control, again contributed to strong top- and bottom-line results for fiscal 2013.”

Among the highlights of Arctic Cat’s fiscal 2013 full-year financial results versus last fiscal year:

• Net sales grew 15 percent, fueled by increased side-by-side, all-terrain vehicle (ATV) and snowmobile sales;
• Gross profit margin improved to 22.5 percent from 22.3 percent, due to higher volumes and selling prices;
• Operating expenses as a percent of sales declined to 13.4 percent compared to 14.5 percent;
• Operating profit rose 32 percent to $60.7 million, up from $45.9 million;
• The company ended the fiscal 2013 year with cash and short-term investments totaling $112.8 million, nearly double the $62.6 million at the end of fiscal 2012;
• The company had no short- or long-term debt.

As expected, for the fiscal 2013 fourth quarter, Arctic Cat reported an improved net loss of $5.1 million, or a loss of $0.38 per diluted share, on 15 percent net sales growth to $113.2 million. In the prior-year fourth quarter, Arctic Cat reported a net loss of $6.2 million, or a loss of $0.49 per diluted share, on net sales of $98.5 million. Due to the seasonality of Arctic Cat’s business, the company typically reports lower results in its fiscal first and fourth quarters, while the fiscal second and third quarters are historically its strongest.

Commenting on the 2013 fourth quarter, Jordan said: “Our business performed well in the quarter, with sales increasing across all product lines. We continued to pursue our strategy to enter new growth segments and launch innovative new products, including two all-new Wildcat™ sport side-by-sides. As a result, we again had double-digit sales gains in our ATV and side-by-side segments in the 2013 fourth quarter.”

Based on the strength of the company’s performance, strong cash flow and future prospects, Arctic Cat’s board of directors has authorized the reinstatement of a quarterly cash dividend and a $30 million share repurchase program, which were announced separately today. “We are committed to enhancing shareholder value, and are pleased to reinstate a quarterly dividend and announce a new stock buyback program,” commented Jordan.

Business Line Results

ATVs and Side-by-Sides – Arctic Cat’s ATV/side-by-side sales increased 16 percent to $87.6 million in the fiscal 2013 fourth quarter, up from $75.8 million in the same period last year, chiefly due to strong dealer demand for Wildcat side-by-sides and North American ATVs and Prowlers. Full-year ATV/side-by-side sales rose 32 percent to $299.8 million, driven by ATV, Prowler and Wildcat sales.

“We remain focused on further increasing our ATV/side-by-side business as a percent of Arctic Cat’s total sales going forward,” said Jordan. “In the fourth quarter, we continued to advance this goal with the launch of two new Wildcat models. In addition, we have a robust new product pipeline for future growth.”

In the 2013 fourth quarter, Arctic Cat introduced two all-new Wildcats that both include industry leading rear travel of 18 inches and 13 inches of ground clearance:

• The Wildcat 4 1000 pure sport side-by-side seats four full-sized adults. Arctic Cat began shipping the Wildcat 4 to dealers in February 2013.
• The high horsepower Wildcat X 1000 pure sport side-by-side offers 90-plus horsepower, and enhanced acceleration and maneuverability to those seeking power, suspension and handling in an off-road vehicle. Arctic Cat began shipping the Wildcat X to dealers in March 2013.

In addition to the Wildcat 4 and the Wildcat X, Arctic Cat announced a new 50-inch wide, trail-legal Wildcat that will begin shipping in the latter part of fiscal 2014. Its narrower stance allows riders access to authorized ATV trails, making it a versatile option for consumers. The Wildcat trail-legal version builds on the success of the pure-sport Wildcat, which was recognized as the “Best-In-Class Extreme Performance ROV” by a prominent industry magazine.

The Wildcat is now available in: Base and Limited models; the four-seat Wildcat 4; and the high-horsepower Wildcat X.

Snowmobiles – In the 2013 fourth quarter, Arctic Cat’s snowmobile sales improved to a negative $5.3 million, primarily due to sales incentives, versus negative sales of $6.8 million in the prior-year quarter. Full-year snowmobile sales increased 5 percent to $263.7 million compared to $250.4 million last fiscal year.

As part of Arctic Cat’s snowmobile growth strategy, the company announced in February 2013 expanded engine supply and co-brand agreements with Yamaha Motor Corporation, beginning with the 2014 model year. The agreement gives Arctic Cat customers a broader range of snowmobile engine choices, including access to select 4-stroke engines from Yamaha. In addition, Arctic Cat will build select Yamaha snowmobiles in Arctic Cat’s Thief River Falls, Minn., factory according to Yamaha’s specifications.

In the quarter, Arctic Cat unveiled its new 2014 snowmobile model line-up, featuring 10 new models, including the all-new ZR 6000 El Tigre high-performance sled. The company also introduced two new available engines: a Yamaha 4-stroke 135 horse-power engine; and a clean 600cc 2-stroke 125 horse-power engine. The 600cc engine will be the first Arctic Cat-designed and built snowmobile engine and will be manufactured in the company’s engine facility in St. Cloud, Minn., beginning with the 2014 model year.

Parts, Garments & Accessories – Sales of parts, garments and accessories (PG&A) in the fiscal 2013 fourth quarter increased 5 percent to $31.0 million versus $29.5 million in the prior-year quarter. The growth was primarily due to snowmobile parts sales, reflecting improved snow conditions experienced in the northern United States. For the 2013 full year, PG&A sales were essentially flat, although Arctic Cat had significant year-over-year improvements in Wildcat parts and accessories.

Fiscal 2014 Full-Year Outlook

“We anticipate another year of increased sales and earnings in fiscal 2014, fueled by a strong pipeline of innovative new products and technologies, further market share gains in the growing side-by-side segment and continued leverage in our cost structure,” said Jordan. “We are excited about our future prospects and confident in our ability to deliver another year of enhanced shareholder value and record earnings.”

Arctic Cat’s fiscal 2014 outlook includes the following assumptions versus the prior fiscal year: core ATV North America industry retail sales flat to up 5 percent; side-by-side North American industry retail sales up 15 percent to 25 percent; snowmobile North America industry retail sales flat to up 3 percent; Arctic Cat dealer inventories excluding new products flat to up 10 percent; achieving slightly lower operating expense levels as a percent of sales; and increasing cash flow from operations. The company expects gross margins to decrease by approximately 80 basis points, due to additional Yamaha snowmobiles that will be built in Arctic Cat’s factory and, to a lesser extent, the Canadian currency impact.

For the fiscal year ending March 31, 2014, Arctic Cat anticipates sales in the range of $754 million to $768 million, an increase of approximately 12 percent to 14 percent versus fiscal 2013. Assuming diluted weighted average shares in the range of 13.5 million to 13.8 million, the company estimates that fiscal 2014 earnings per diluted share will be in the range of $3.17 to $3.27, an increase of 10 percent to 13 percent compared to fiscal 2013.

Conference Call

A conference call is scheduled for 10 a.m. CT (11 a.m. ET) today. To listen to the live call dial 1-877-941-9205. The webcast may be accessed through the investor relations section of www.arcticcat.com/corporate. In addition, a telephone replay will be available through May 22, 2013, by dialing 1-800-406-7325, passcode 4618352#.

About Arctic Cat

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat® brand name, as well as related parts, garments and accessories. Its common stock is traded on the Nasdaq Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward-looking statements. The Company’s Annual Report, as well as the Report on Form 10-K, its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission, the Company’s press releases and oral statements made with the approval of an authorized executive officer, contain forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. The words “aim,” “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that indicate future events and trends identify forward-looking statements including statements related to our fiscal 2013 outlook. Actual future results and trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to: product mix and volume; competitive pressure on sales, pricing and sales incentives; increase in material or production cost which cannot be recouped in product pricing; changes in the sourcing of engines; interruption of dealer floorplan financing; warranty expenses and product recalls; foreign currency exchange rate fluctuations; product liability claims and other legal proceedings in excess of reserves or insured amounts; environmental and product safety regulatory activity; effects of the weather; general economic conditions and political changes; interest rate changes; consumer demand and confidence; and those set forth in the Company’s Annual Report on Form 10-K for the year ended March 31, 2011, under heading “Item 1A. Risk Factors.” The Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

ARCTIC CAT INC.
Financial Highlights
(000s omitted, except per share amounts)
(Unaudited)
		Three Months Ended									Years Ended
		March 31,									March 31,
		2013				2012					2013				2012
Net Sales
Snowmobile & ATV Units		$	82,251			$	68,951				$	563,464			$	477,329
Parts, Garments & Accessories			30,980				29,536					108,124				107,939
Total Net Sales			113,231				98,487					671,588				585,268
Cost of Goods Sold
Snowmobile & ATV Units			78,558				68,010					450,291				388,523
Parts, Garments & Accessories			21,084				19,059					70,401				66,126
Total Cost of Goods Sold			99,642				87,069					520,692				454,649
Gross Profit			13,589				11,418					150,896				130,619
Operating Expenses
Selling & Marketing			8,536				8,118					37,402				36,549
Research & Development			6,264				5,266					20,693				17,862
General & Administrative			7,620				7,654					32,087				30,318
Total Operating Expenses			22,420				21,038					90,182				84,729
Operating Profit			(8,831	)			(9,620	)				60,714				45,890
Other Income (Expense)
Interest Income			22				18					49				86
Interest Expense			-				(1	)				(84	)			(8	)
Total Other Income (Expense)			22				17					(35	)			78
Earnings Before Income Taxes			(8,809	)			(9,603	)				60,679				45,968
Income Taxes			(3,734	)			(3,428	)				20,934				16,027
Net Earnings		$	(5,075	)		$	(6,175	)			$	39,745			$	29,941
Net Earnings Per Share
Basic		$	(0.38	)		$	(0.49	)			$	3.02			$	1.79
Diluted		$	(0.38	)		$	(0.49	)			$	2.89			$	1.72
Weighted Average Shares Outstanding:
Basic			13,186				12,724					13,155				16,721
Diluted			13,186				12,724					13,761				17,458
						March 31,
Selected Balance Sheet Data:						2013					2012
Cash and Short-term Investments						$	112,807				$	62,597
Accounts Receivable, Net							30,296					28,073
Inventories							96,389					98,702
Total Assets							306,258					255,416
Short-term Bank Borrowings							0					0
Total Current Liabilities							127,424					114,035
Long-term Debt							0					0
Shareholders’ Equity							174,472					138,472

		Three Months Ended											Years Ended
		March 31,											March 31,
Product Line Data:		2013				2012				Change			2013			2012			Change
Snowmobiles		$	(5,318	)		$	(6,820	)		22	%		$	263,693		$	250,438		5	%
All-Terrain Vehicles			87,569				75,771			16	%			299,771			226,891		32	%
Parts, Garments & Accessories			30,980				29,536			5	%			108,124			107,939		0	%
Total Sales		$	113,231			$	98,487			15	%		$	671,588		$	585,268		15	%

Source: Arctic Cat Inc.

Arctic Cat Inc.
Timothy C. Delmore, 763-354-1800
Chief Financial Officer
or
Padilla Speer Beardsley Inc.
Shawn Brumbaugh, 612-455-1754
sbrumbaugh@padillaspeer.com

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Arctic Cat to Webcast Fiscal 2013 Fourth Quarter Conference Call

MINNEAPOLIS, MN – May. 6, 2013 – (Motor Sports Newswire) – Arctic Cat Inc. (NASDAQ: ACAT) announced today that it will webcast its fiscal 2013 fourth quarter conference call on Wednesday, May 15, 2013, at 10 a.m. CT (11 a.m. ET). The company will release results for its fourth quarter, ended March 31, 2013, before the stock market opens that day.

To access the live webcast or webcast replay, go to the corporate portion of the company’s website at www.arcticcat.com/corporate, investor relations, and click on the webcast icon. To listen to a telephone replay of the conference call, dial 800-406-7325 and enter conference call passcode 4618352#. The telephone replay will be available through Wednesday, May 22, 2013.

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat^® brand name, as well as related parts, garments and accessories. Its common stock is traded on the NASDAQ Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.

Arctic Cat Inc.
Timothy C. Delmore, 763-354-1800
Chief Financial Officer
or
Padilla Speer Beardsley Inc.
Shawn Brumbaugh, 612-455-1754
sbrumbaugh@padillaspeer.com

SOURCE: Arctic Cat Inc.

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BRP Inc. Files Amended and Restated Preliminary Prospective for its Initial Public Offering

VALCOURT, QUEBEC – May 2, 2013 – (Motor Sports Newswire) – BRP Inc. (“BRP” or the “Company”) filed today an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering of its subordinate voting shares. A copy of the amended and restated preliminary prospectus will be available on SEDAR www.sedar.com

The offering is being made through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, UBS Securities Canada Inc., Citigroup Global Markets Canada Inc., acting as joint bookrunners, and including Wells Fargo Securities LLC, CIBC World Markets Inc., Desjardins Securities Inc., Scotia Capital Inc., National Bank Financial Inc. and Robert W. Baird & Co. Incorporated.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

About BRP

BRP is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, its portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Spyder roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide.

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

For information:
Pierre Pichette
Vice-President, Communications and Public Affairs
Tel: 450.532.5100, ext. 5135

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NADAguides Powersports Data Now Covers 20 years of Values and Updated Six Times a Year

COSTA MESA, CA – May 1, 2013 – (Motor Sports Newswire) – NADAguides, the leading resource for new and used vehicle pricing and specifications, announces that NADAguides Powersports data now includes five additional years of Motorcycle  values.  Beginning May 1, 2013, Motorcycle data will include 20 years of valuations ranging from model years 1994 to 2013.  NADAguides Powersports Appraisal Guidebook and CONNECT digital solution provides values for motorcycles, sidecars, trailers, sports & utility ATVs, snowmobiles and personal watercraft.

NADAguides provides Powersports data through a variety of products including print guidebooks, digital solutions and integration. The appraisal guidebook is published three times per year with updated data while CONNECT, Web Services and WindowLink are updated six times per year.

CONNECT is a web-based digital solution with features including VIN decoder, ability to create custom hang tags with dealer add-ons and dealer logo, as well as inventory management features that allow printing and saving of itemized value reports that are updated automatically.

WindowLink, a web syndication product seamlessly implements NADAguides powersports data within your existing website design and layout.

Web Service is a backend integration product that implements NADAguides powersports data into your applications, platforms and/or website.

“With an additional five more years of values, our Powersports data becomes even more extensive than ever and with six updates a year, NADAguides is able to further ensure industry leaders that they have the most current and relevant data,” stated Don Christy, Jr. , President  & CEO of NADAguides.

To learn more or to order CONNECT, WindowLlink or Web Service, contact NADAguides at 800.966.6232 or online at nadaguidesstore.com.

About NADAguides

NADAguides is the largest publisher of the most market-reflective vehicle pricing and information available for automotive, classic cars, motorcycles, boats, RVs and manufactured homes.  NADAguides offers in-depth shopping and research tools including, a broad range of data, products and services, informational articles, as well as tips and advice.  NADAguides also produces software, mobile applications, raw data, web services, web-syndicated products and print guidebooks.  NADAguides is an alliance partner of NADA Services Corporation.

SOURCE: NADAguides

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Polaris Declares Regular Cash Dividend

MINNEAPOLIS, MN – April 26, 2013 – (Motor Sports Newswire) – Polaris Industries Inc. (NYSE: PII) today announced the declaration of a regular quarterly $0.42 per share cash dividend payable on June 17, 2013 to shareholders of record at the close of business on June 3, 2013.

About Polaris

Polaris is a recognized leader in the powersports industry with annual 2012 sales of $3.2 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 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 and Klim branded apparel and Polaris accessories and parts.

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 www.polaris.com.

####

Polaris Reports Record First Quarter 2013 Results; EPS Increased 26% to $1.07 on 11% Sales Growth

First Quarter Highlights:

• Net income increased 26% to $75.5 million, or $1.07 per diluted share, with sales increasing 11% to $745.9 million, setting new records for first quarter sales and earnings.
• Off-Road Vehicle sales increased 7% in the first quarter 2013 despite difficult first quarter 2012 comparisons, and PG&A sales increased 27% during the 2013 first quarter.
• Raising guidance for full year 2013 earnings to a range of $5.05 to $5.20 per diluted share, an increase of 15% to 18% over 2012 based on projected full year 2013 sales growth of 12% to 15%.

MINNEAPOLIS, MN – April 23, 2013 – (Motor Sports Newswire) - Polaris Industries Inc. (NYSE: PII) today reported record first quarter net income of $75.5 million, or $1.07 per diluted share, for the quarter ended March 31, 2013. By comparison, 2012 first quarter net income was $60.1 million, or $0.85 per diluted share. Net sales for the first quarter 2013 totaled $745.9 million, which represents an increase of eleven percent from last year’s first quarter sales of $673.8 million.

“We are pleased that consumers and enthusiasts around the world continued to make Polaris their brand and product of choice during the first quarter of 2013. While Off-Road Vehicles (“ORVs”) and motorcycles faced challenging 2012 comparisons, we were again able to outpace the industry and increase market share in both product lines. Our snowmobile business also generated strong retail sales and market share growth during the first quarter,” commented Scott Wine, Polaris’ Chairman and CEO.

“Two key tenets of Polaris’ long-term strategy are growing globally and growing through adjacencies. Our acquisition earlier this month of Aixam Mega S.A.S., a profitable European on-road quadricycle business, aligns perfectly with those two objectives and furthers our penetration into the $4+ billion global small vehicles market. Aixam Mega broadens our product line portfolio, complements our GEM and Goupil businesses, boosts our European distribution network, and enhances our competitive advantage in small vehicles. Additionally, we finalized the location of our new European manufacturing facility, which will be located in Opole, Poland. This facility will add much needed ORV capacity and serve our European markets with locally designed and manufactured products. We expect to break ground during this years’ second quarter and the facility should be operational by the fall of 2014.”

“During the quarter, we also launched the highly anticipated Polaris Brutus and Bobcat utility vehicles, co-developed with Bobcat. We are pleased with the vehicles’ performance and the initial market reaction from dealers and customers has been positive. Shipments to both the Bobcat and Polaris’ new commercial channels will begin in April.”

Wine concluded, “Not unexpectedly, we saw a degree of timidity in some customer segments that corresponded with the payroll tax increases that took effect at the start of the year. We remain cautious of the economic risks in both North America and Europe, but believe our strong team and commercial plans, along with our near term product pipeline, headed by the new Indian motorcycle, will enhance growth in the second half of 2013. With our solid start to the year, we feel confident in raising our 2013 full year sales and earnings guidance.”

2013 Business Outlook

Based on Polaris’ performance during the 2013 first quarter, projections for the remainder of the calendar year and reflecting the acquisition of Aixam Mega completed in April 2013, the Company is increasing its 2013 full year sales and earnings guidance. The Company now expects full year 2013 earnings to be in the range of $5.05 to $5.20 per diluted share, an increase of 15 to 18 percent over earnings of $4.40 per diluted share for the full year 2012. Sales for the full year 2013 are now expected to grow in the range of 12 to 15 percent.

First Quarter Performance Summary (in thousands except per share data)
		Three Months ended March 31,
Product Line Sales		2013		2012		Change
Off-Road Vehicles		$ 541,272		$ 504,567		7%
Snowmobiles		14,714		4,647		217%
On-Road Vehicles		62,856		64,656		-3%
Parts, Garments & Accessories		127,067		99,880		27%
Total Sales		$ 745,909		$ 673,750		11%
Gross Profit		$ 216,648		$ 194,963		11%
Gross profit as a % of sales		29.0%		28.9%		+10 bps
Operating Expenses		$ 124,753		$ 110,599		13%
Operating expenses as a % of sales		16.7%		16.4%		+30 bps
Operating Income		$ 101,969		$ 91,547		11%
Operating Income as a % of sales		13.7%		13.6%		+10 bps
Net Income		$ 75,464		$ 60,078		26%
Net income as a % of sales		10.1%		8.9%		+120 bps
Diluted Net Income per share		$ 1.07		$ 0.85		26%

Off-Road Vehicle (“ORV”) sales increased seven percent from the first quarter 2012 to $541.3 million. This increase reflects continued market share gains driven by new product offerings, including the highly successful RANGER XP^® 900and RANGER^® 800 mid-size utility vehicles. Polaris’ North American ORV unit retail sales were up single digits percent from the very strong mid-twenties percent increase in the first quarter last year. Retail sales for side-by-sides continued to grow during the quarter, but ATVs experienced a slight decline in retail sales in the 2013 first quarter compared to a strong double digits percent increase in the 2012 first quarter. Both ATVs and side-by-side vehicles continued to gain market share again in North America during the first quarter 2013. Polaris ORV dealer inventory was up 26 percent in the 2013 first quarter compared to a year ago reflecting the continued focus on increasing availability in both established and new market segments in addition to preparing for the spring selling season. The Company estimates North American industry ORV retail sales in the first quarter 2013 declined single digits percent with core ATV industry retail sales down double digits percent during the quarter primarily attributable to unseasonably warm weather in 2012 and a late start to the spring in 2013. Sales of ORVs outside of North America decreased two percent in the first quarter 2013 when compared to the first quarter 2012, primarily due to weaker industry conditions in Australia and Europe.

Snowmobile sales totaled $14.7 million for the 2013 first quarter compared to $4.6 million for the first quarter of 2012. The North American snowmobile industry finished the season strong with industry retail sales up over 20 percent in the 2013 first quarter and up mid-single digits percent for the entire season ending March 31, 2013 due to more normal snowfall levels and later snow cover this snowmobile riding season. Polaris’ North American retail snowmobile sales once again outpaced the industry, resulting in increased market share for the season ending March 31, 2013 and four percent lower season-end North American dealer inventories for Polaris snowmobiles. During the quarter, the Company introduced eight new model year 2014 snowmobiles, including seven all-new models under the legendary INDY^® name. Sales to customers outside North America increased over 100 percent in the first quarter 2013 as the Company moved additional product into the Scandinavian and Russian markets where snowfall levels drove healthy snowmobile retail sales increases.

On-Road Vehicle sales, comprised primarily of Victory motorcycles, but also including Indian motorcycles and our GEM and Goupil electric vehicles, decreased three percent from the first quarter 2012 to $62.9 million. North American industry heavyweight cruiser and touring motorcycle retail sales decreased about ten percent during the first quarter 2013 when compared to a strong mid-teens percent increase in the 2012 first quarter, which was primarily driven by the unseasonably warm weather in 2012 and a late start to spring in 2013. Over the same period, Victory North American unit retail sales decreased as well, albeit less than the overall industry, resulting in continued market share gains. This year marks the 15^th anniversary of Victory motorcycles and to commemorate the occasion, Victory introduced a limited edition 15^th anniversary Cross Country Tour, inspired by the first Victory motorcycle ever built. Additionally, as Polaris marches toward the full re-launch of Indian motorcycles later this year, the Company unveiled the all new Thunder Stroke 111™ engine that will power the new model year 2014 Indian motorcycles. The engine features 111 cubic inch displacement and delivers the raw power and iconic styling that have long been hallmarks of the legendary Indian Motorcycle brand. The Company’s small vehicle business grew sales double digits percent during the 2013 first quarter through added distribution and improved sales efforts for GEM and Goupil electric vehicles.

Parts, Garments and Accessories (“PG&A”) sales increased 27 percent during the first quarter 2013 compared to the same period last year. The growth was driven by double digit sales increases in all segments and product lines, with snowmobile related PG&A performing exceptionally well due to more normal snowfall and later snow cover this past riding season, which ended March 2013. Additionally, sales from the recently acquired Klim business contributed to the increase in PG&A sales in the 2013 first quarter.

Gross profit was 29.0 percent of sales for the first quarter of 2013, an increase of 10 basis points from the first quarter of 2012; while over the same period, gross profit dollars increased eleven percent to $216.6 million. The first quarter 2013 increase in gross profit dollars and margin percentage was driven by lower commodity costs, higher selling prices and production efficiencies, largely offset by unfavorable currency movements and higher promotional activities.

Operating expenses for first quarter 2013 grew 13 percent to $124.8 million or 16.7 percent of sales, compared to $110.6 million or 16.4 percent of sales for the first quarter of 2012. Operating expenses in absolute dollars and as a percent of sales for the first quarter of 2013 rose primarily due to planned strategic investments, higher sales, marketing and advertising expenses primarily related to Indian motorcycles, and increased research and development activities related to new products under development.

Income from financial services was $10.1 million during first quarter 2013, an increase of 40 percent compared to $7.2 million in the first quarter of 2012, largely due to higher income from Polaris Acceptance’s dealer inventory financing and increased volume and corresponding profitability generated from the retail credit portfolios with Sheffield, GE and Capital One.

Equity in income (loss) of affiliates was $0.4 million of expense for the first quarter 2013, 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 $2.5 million in the first quarter of 2013 compared to $2.6 million in the first quarter of 2012.

The provision for income taxes for the first quarter 2013 was recorded at a rate of 26.4 percent of pretax income compared to 35.1 percent of pretax income for the first quarter 2012. The significantly lower income tax rate for the first quarter 2013 reflects a non-recurring $8.2 million benefit resulting from a combination of a) the United States Congress reinstating the research and development income tax credit retroactively for calendar year 2012 during the first quarter of 2013, and b) favorable conclusions of federal tax audits during the 2013 first quarter which allowed the release of certain income tax reserves.

Financial Position and Cash Flow

Net cash provided by operating activities was $47.8 million for the first quarter ended March 31, 2013 compared to net cash used for operating activities of $0.7 million for the first quarter of 2012. The quarter over quarter change in net cash from operating activities is the result of higher net income for the quarter and decreased working capital requirements during the 2013 first quarter period primarily due to increased accounts payable. Total debt at the end of the first quarter 2013 was $106.4 million. During the 2013 first quarter, the Company increased its quarterly dividend payment for the 18^th consecutive year by 14 percent to $0.42 per share and paid a total of $28.7 million in dividends to shareholders. The Company’s debt-to-total capital ratio was 13 percent at March 31, 2013, compared to 16 percent a year ago. Cash and cash equivalents were $380.8 million at March 31, 2013, an increase of 33 percent compared to $285.9 million for the same period in 2012.

Conference Call and Webcast Presentation

Today at 9:00 AM (CDT) Polaris Industries Inc. will host a conference call and webcast to discuss Polaris’ 2013 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 www.polarisindustries.com/irhome.

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 # 48224205.

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 2012 sales of $3.2 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 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 and KLIM branded apparel and Polaris accessories and parts.

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 www.polaris.com.

Except for historical information contained herein, the matters set forth in this news release, including management’s expectations regarding 2013 sales, shipments, net income, net income per share, new manufacturing operations initiatives, joint venture projects and savings in logistical and production costs, 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 initiatives, product offerings, promotional activities and pricing strategies by competitors; acquisition integration costs; joint venture projects; warranty expenses; impact of changes in Polaris stock price on incentive compensation plan costs; 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; 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)

POLARIS INDUSTRIES INC.
CONSOLIDATED STATEMENTS OF INCOME
(In Thousands, Except Per Share Data)
(Unaudited)
		For Three Months Ended March 31,
		2013				2012
Sales		$	745,909			$	673,750
Cost of sales			529,261				478,787
Gross profit			216,648				194,963
Operating expenses:
Selling and marketing			54,493				45,133
Research and development			31,450				30,466
General and administrative			38,810				35,000
Total operating expenses			124,753				110,599
Income from financial services			10,074				7,183
Operating income			101,969				91,547
Non-operating expense (income):
Interest expense			1,473				1,512
Equity in loss of other affiliates			412				—
Other income, net			(2,468	)			(2,577	)
Income before income taxes			102,552				92,612
Provision for income taxes			27,088				32,534
Net income		$	75,464			$	60,078
Basic net income per share		$	1.10			$	0.88
Diluted net income per share		$	1.07			$	0.85
Weighted average shares outstanding:
Basic			68,793				68,637
Diluted			70,762				70,825

 

POLARIS INDUSTRIES INC.
CONSOLIDATED BALANCE SHEETS
(In Thousands)
(Unaudited)
Subject to Reclassification		March 31, 2013			March 31, 2012
Assets
Current Assets:
Cash and cash equivalents		$	380,750		$	285,889
Trade receivables, net			129,332			139,626
Inventories, net			370,856			314,042
Prepaid expenses and other			30,740			30,844
Income taxes receivable			9,194			—
Deferred tax assets			85,488			79,666
Total current assets			1,006,360			850,067
Property and equipment, net			274,737			219,779
Investment in finance affiliate			56,432			44,221
Investment in other affiliates			12,421			5,000
Deferred tax assets			24,240			10,709
Goodwill and other intangible assets, net			105,096			78,187
Other long-term assets			21,603			14,870
Total Assets		$	1,500,889		$	1,222,833
Liabilities and Shareholders’ Equity
Current Liabilities:
Current portion of capital lease obligations		$	2,627		$	2,736
Accounts payable			215,187			182,645
Accrued expenses:
Compensation			65,666			71,461
Warranties			40,941			40,430
Sales promotions and incentives			109,601			84,887
Dealer holdback			75,659			60,407
Other			71,930			72,271
Income taxes payable			18,017			167
Total current liabilities			599,628			515,004
Long term income taxes payable			3,616			8,120
Capital lease obligations			3,727			5,314
Long-term debt			100,000			100,000
Other long-term liabilities			62,080			45,136
Total liabilities		$	769,051		$	673,574
Shareholders’ Equity:
Total shareholders’ equity			731,838			549,259
Total Liabilities and Shareholders’ Equity		$	1,500,889		$	1,222,833
Certain reclassifications of previously reported balance sheet amounts have been made to conform to the current year presentation.

 

POLARIS INDUSTRIES INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In Thousands)
(Unaudited)
Subject to Reclassification		For Three Months Ended March 31,
		2013				2012
Operating Activities:
Net income		$	75,464			$	60,078
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			19,906				16,807
Noncash compensation			10,351				7,066
Noncash income from financial services			(1,052	)			(743	)
Noncash loss from other affiliates			412				-
Deferred income taxes			(1,170	)			(2,006	)
Tax effect of share-based compensation exercises			(5,379	)			(6,484	)
Changes in operating assets and liabilities:
Trade receivables			(10,393	)			(23,110	)
Inventories			(26,897	)			(13,249	)
Accounts payable			46,342				35,452
Accrued expenses			(80,823	)			(92,236	)
Income taxes payable/receivable			21,463				31,063
Prepaid expenses and others, net			(450	)			(13,300	)
Net cash provided by (used for) operating activities			47,774				(662	)
Investing Activities:
Purchase of property and equipment			(40,113	)			(20,957	)
Investment in finance affiliate, net			1,607				(1,227	)
Net cash used for investing activities			(38,506	)			(22,184	)
Financing Activities:
Borrowings under capital lease obligations			119				1,319
Repayments under capital lease obligations			(750	)			(766	)
Repurchase and retirement of common shares			(25,687	)			(5,871	)
Cash dividends to shareholders			(28,662	)			(25,328	)
Tax effect of proceeds from share-based compensation exercises			5,379				6,484
Proceeds from stock issuances under employee plans			4,995				6,529
Net cash used for financing activities			(44,606	)			(17,633	)
Impact of currency exchange rates on cash balances			(927	)			1,032
Net decrease in cash and cash equivalents			(36,265	)			(39,447	)
Cash and cash equivalents at beginning of period			417,015				325,336
Cash and cash equivalents at end of period		$	380,750			$	285,889

Source: Polaris Industries Inc.

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First BRP Half-Marathon: Open to the Public

VALCOURT, QUEBEC – April 11, 2013 – (Motor Sports Newswire) -  The first BRP half-marathon will take place through the streets of Valcourt on Sunday, May 5. Josée Fontaine and Julie Morel, both seasoned runners and BRP employees, put together this initiative to encourage physical activity and healthy eating.

Although the two organizers have already reached their goal of over 500 registrations among BRP employees and their families and friends, they decided to extend registration to people in the area, giving everyone a chance to take part in this first BRP half-marathon. More than 50 students from the Odyssée de Valcourt high school have been training for weeks to participate in the event.

People who want to participate have several options. A 1-kilometre route was designed for children, and 5-, 10- and 21-kilometre routes for adults. To encourage participation, the 5 km route can be walked. Anyone interested in taking part should register soon as the activity is limited to 700 participants.

“BRP values the health and well-being of its employees and of the communities in which we work,” said Gerd Ohrnberger, vice-president and general manager of the Product Engineering and Manufacturing Operations (PEMO) division and honorary president of the half-marathon. “Similar events are being held in cities where our pool of employees is large enough, such as in Austria, in the United States, in Mexico and in Finland.”

For details on the half-marathon, including the routes, registration fees and online registration, visit the website www.demimarathonbrp.com. This kind of event requires the assistance of many volunteers. Interested persons should get in touch with the organizers, whose contact information is available on the website.

Bombardier Recreational Products Inc. (BRP), a privately held company, is a world leader in the design, development, manufacturing, distribution and marketing of motorised recreational vehicles. Distributed in more than 105 countries, its portfolio of brands and products includes: Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Evinrude outboard engines, Can-Am all-terrain and side-by-side vehicles and roadsters, as well as Rotax engines. BRP also provides parts and service to Sea-Doo boats and Johnson outboard engine owners. BRP employs approximately 6,800 people worldwide. www.brp.com

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

For information:

Valérie Bridger
Senior Advisor, Corporate Communications
Tel.: 450.532.5107
valerie.bridger@brp.com

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Polaris Debuts 2014 Snowmobile Lineup

Latest models showcase focus on innovative features, versatility and performance

MINNEAPOLIS, MN – March 6, 2013 – (Motor Sports Newswire) – Since its founders invented the snowmobile almost 60 years ago, Polaris has been a leader in the snowmobile industry, known for innovation, appreciation for the riding lifestyle and the best-riding sleds available. Earlier this week at the Phoenix Convention Center, Polaris unveiled its 2014 snowmobile lineup to hundreds of its dealers including seven all-new INDY models, highlighted by the 800 INDY SP and the 600 INDY Voyager. The event showcased a diverse lineup, one providing a model suited to every riding need from recreational to utility. The 2014 Polaris lineup features 30 models in total.

2014 Polaris Indy 800 SP

“Polaris continues to embrace our proud history while aggressively looking forward to the next innovations in snowmobiling,” said Bennett Morgan, president and COO, Polaris Industries Inc. “We’re riders ourselves, and we produce sleds that we’d want to ride – machines that promise unmatched performance, comfort and versatility. For 2014, we’ve produced a collection of sleds that honor that promise and embodied our unwavering commitment to be the best in powersports.”

2014 Polaris 550 INDY Voyager

Polaris not only unveiled sleds to dominate any terrain, it also announced expanded color customization and expanded factory-installed options to its Polaris SnowCheck Select program for 2014. Riders will have more choices than ever this year to custom-order their dream snowmobile. The 2014 program runs through April 23, 2013. Riders can customize their sleds online at www.terraindomination.com. Complete details can be found online or by visiting a local Polaris dealer.

2014 MODEL LINE

INDY®

The most legendary name in snowmobiling is blazing new trails in model year 2014 with seven all-new models aimed at capturing new segments of the snowmobiling population.

“The seven new INDY models we’re introducing in model year 2014 are more than great sleds. They address important customers and market segments that constitute 31 percent of the total snowmobile market,” said Mike Jonikas, vice president of snowmobiles, sales and corporate marketing. “There’s a major opportunity for Polaris to grow in these markets and we’re pinned to win with this lineup of new INDY sleds, which better position us to capture new customers and continue to grow our business in the years to come.”

The popular 600 INDY and 600 INDY SP are both back, joined this year by the 800 INDY SP and the 550 INDY, creating a stable of four INDY models (with three different engine sizes) ideal for carving trails. Driven by the reliable 800 Cleanfire® engine, the new 800 boasts more power while maintaining the smooth ride for which the 600 models are known, while the 550 provides an easy-handling alternative. Meanwhile, the 550 INDY LXT is ideal for high-mileage touring, built on the light, rigid PRO-RIDE™ chassis, a 144” track that bridges uneven terrain and outfitted with a collection of comfort features for long rides. When it’s time to work, the 550 and 600 INDY Voyager models excel, with a large, durable rear cargo rack and high-flotation Gripper skis for traction. All 550 models come with the new CVTech Powerbloc 50 drive clutch, paired with the Invance driven clutch, which delivers smooth engagement and quieter operation. Many INDY models satisfy several riding uses in a single machine, but none are quite as versatile as the 550 INDY Adventure, equipped to tackle a variety of rides with a new cargo system that can be installed and removed in seconds, without tools, and the Lock & Ride® Convertible Passenger Seat that quickly converts this single-seat sled into a 2-up.

Models: 550 INDY, 550 INDY 144, 550 INDY LXT, 550 INDY Voyager, 550 INDY Adventure, 600 INDY, 600 INDY SP, 600 INDY Voyager, 800 INDY SP

2014 Polaris 800 RMK

RMK®

Designed for mountain riders, by mountain riders, the industry leading Polaris RMK line returns in 2014 with a collection of models that defy deep snow and high climbs. RMK sleds are built with advanced manufacturing and bonding processes that result in unprecedented, lightweight machines that maintain strength and durability. All this and more has left the competitors struggling to catch up as RMK has been the industry’s best-selling snowmobile for three years in a row. At the core of these sleds are the PRO-RIDE RMK chassis, which is purpose-built for deep snow riding, and the sleds’ strong, ultra-light Carbon Fiber Infrastructure. The RMK’s Coil-Over Rear Suspension outperforms competitor sleds in deep snow, offering more control and excellence flotation to climb higher and faster, supplemented by Gripper skis. Additionally, PRO-RMK models leverage the QuickDrive™ Low Inertia Drive System for quicker acceleration and increased “flickability.”

Models: 600 RMK 144, 600 RMK 155, 600 PRO-RMK 155, 800 RMK 155, 800 PRO-RMK 155, 800 RMK Assault 155, 800 PRO-RMK 163

2014 Polaris 800 Switchback

SWITCHBACK®

The 2014 Switchback line’s smooth handling and power delivers extraordinary riding experiences, on or off-trail. Six models are built on the world’s most advanced snowmobile chassis, the Polaris 136” PRO-RIDE chassis, designed for precise handling. These models also come standard with the 136” PRO-RIDE rear suspension, the industry’s only uncoupled progressive-rate suspension, which bridges bumps on rough terrain. For an even smoother ride, each model is outfit with a distinct shock package. New this year, the 600 Switchback Assault® 144 joins its 800 counterpart, offering a nimble machine capable for both trail and backcountry riding thanks to its 144” uncoupled skid, with tipped-up rails, rail reinforcements and a Cobra track for excellent flotation. Also new this year, the 800 Switchback Adventure builds on the original, class-defying 600 Switchback Adventure. Both offer the multifaceted Adventure Cargo System and can accommodate the accessory Lock & Ride® Convertible Passenger Seat, making it possible to configure the sled to the needs of each ride.

Models: 600 Switchback, 600 Switchback PRO-R, 600 Switchback Adventure, 600 Switchback Assault 144, 800 Switchback, 800 Switchback PRO-R, 800 Switchback Adventure, 800 Switchback Assault 144.

2014 Polaris 800 Rush Pro

RUSH®

Since its debut in 2009, the RUSH line has established the standard for terrain domination and trail performance, built on the PRO-RIDE chassis and supported by the innovative PRO-RIDE Progressive Rate Rear Suspension. The forward-looking suspension design was the industry’s first truly progressive-rate suspension, resisting bottoming on uneven trails and returning control to the rider. It continues to set the standard for riding comfort in both 2014 RUSH models – the 600 RUSH PRO-R and 800 RUSH PRO-R. While offering comfortable rides, these sleds also deliver tremendous power and performance. Both models have class-leading acceleration courtesy of powerful Polaris Liberty® engines with Cleanfire® injection.

Models: 600 RUSH PRO-R, 800 RUSH PRO-R

2014 Polaris Turbo IQ LXT

IQ® TOURING

Designed for solo or 2-up adventures, the 600 IQ LXT and Turbo IQ LXT are ideal for long rides. The Lock & Ride Backrest can be moved from a forward position to a rear position for 2-up riding. A strong collection of features geared toward comfort – from handwarmers for both driver and passenger and a 2-up pillow seat to the smooth-riding IQ 136 Comfort rear suspension and an adjustable, five-position steering post for positioning the bars – ensure riders are comfortable on even the highest-mileage rides.

Models: 600 IQ LXT, Turbo IQ LXT

2014 600 IQ Widetrak

IQ® WIDETRAK

Built to easily transition from work to recreation, the 600 IQ WideTrak is built to be a versatile workhorse. Its 600 Cleanfire® engine, IQ independent front suspension, Gripper skis and Utility Tipped-Rear rear suspension combine to handle demanding work tasks with a combination of power, flotation and control. Unlike many competing sleds, the WideTrak also provides great comfort features, including a Lock & Ride backrest, heated glove box and an extra tall windshield.

Models: 600 IQ WideTrak

2014 Polaris 120 Indy

YOUTH

The 120 INDY, Polaris’ youth offering, is specifically designed for young riders, providing a fun, full riding experience while incorporating several special safety features. The 120’s four-stroke engine is built for efficiency and trouble-free performance, perfect for a starter sled. To ensure safe operation by novice riders, the 120 also includes a safety tether and an adjustable throttle so an adult can dictate how much power is available to the rider.

Models: 120 INDY

POLARIS APPAREL & ACCESSORIES

Polaris listens to passionate recreational riders and world-class professionals when developing its apparel and accessories. New to this year’s lineup, Polaris is introducing more than 240 new apparel and accessory items, including more than 200 new performance apparel SKUs.

Working with world champion hillclimber Keith Curtis, Polaris developed the new KC711 collection, which was personally tested by Curtis. The KC711 collection includes jackets, bibs, jerseys, helmets, goggles and lifestyle gear. For both this new collection and other apparel items, Polaris continued its long-standing relationships with industry leaders FXR®, 509™ and FLY® to develop the latest Polaris riding gear, designed to keep riders warmer, drier and more comfortable, regardless of conditions. Also launched was an aspirational, premium lifestyle apparel line of more than 100 items for men, women and youth which deeply expresses the Polaris brand.

Polaris’ 2014 accessories are highlighted by new items in the Burandt Collection, developed with help from backcountry riding legend Chris Burandt. New to the Burandt Collection are narrow/low bars for even more steering leverage in deep snow, the Burandt Wrap graphic for hood and side panels and the Burandt Lock & Ride Flyer Bag for convenient, protected storage. In addition to the Burandt Collection, Polaris also is debuting the Lock & Ride Convertible Passenger Seat, which quickly installs on the Adventure Cargo System rack and can easily convert a one-person machine into a 2-up in seconds.

For more information on all 2014 products, go to www.polaris.com.

About Polaris

Polaris is a recognized leader in the powersports industry with annual 2012 sales of $3.2 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, and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris and KLIM branded apparel and Polaris accessories and parts.

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 www.polaris.com.

 

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