Polaris Reports 2017 First Quarter Results

25 04 2017

MINNEAPOLIS, MN – April 25, 2017 – (Motor Sports Newswire) –

  • Sales for the first quarter of 2017 increased 17% to $1,153.8 million; adjusted sales increased 18% to $1,158.9 million
  • Polaris N.A. retail sales performance exceeded Company expectations in the first quarter; ORV market share stabilizing; Indian Motorcycle® market share gains continued during the quarter
  • First quarter 2017 reported net loss was $0.05 per diluted share; adjusted net income for the same period was $0.75 per diluted share, slightly ahead of expectations
  • Total dealer inventory was down 8% year-over-year; ORV dealer inventory was down 9%
  • Polaris reiterated its full year 2017 outlook with adjusted net income expected to be in the range of $4.25 to $4.50 per diluted share with adjusted sales for the full year 2017 expected in the range of up 10% to 13%

Note: the results and guidance in this release, including the highlights above, include references to non-GAAP operating measures, which are identified by the word “adjusted” preceding the measure. A reconciliation of GAAP to non-GAAP measures can be found at the end of this release.

Polaris Industries Inc. (NYSE: PII) today reported first quarter 2017 sales of $1,153.8 million, up 17 percent, from $983.0 million for the first quarter of 2016. Adjusted sales, which excludes the impact from Victory Motorcycles® net sales for the first quarter of 2017, were $1,158.9 million compared to $983.0 million in the prior year period. The Company reported a first quarter 2017 net loss of $2.9 million, or $0.05 per diluted share, compared with net income of $46.9 million, or $0.71 per diluted share, for the 2016 first quarter. The reported net loss included costs related to the wind down of Victory Motorcycles and certain TAP integration and inventory step up costs taken in the first quarter. Adjusted net income for the quarter ended March 31, 2017, excluding these costs, was $48.3 million, or $0.75 per diluted share.

“While we reported an expected net loss for the quarter, adjusted earnings were slightly ahead of our expectations. We saw continued strong performance from Indian Motorcycle and our ORV business improved its performance in the face of heavy competitive activity and a sluggish powersports environment. Overall, our dealer channel remains healthy with inventories down eight percent, and we continue to diligently work to enhance our dealer engagement,” commented Scott Wine, Chairman and Chief Executive Officer of Polaris Industries.

Wine continued, “We have made significant investments in people, processes and technology to support prevention, identification and remediation of safety and quality issues and we are identifying them earlier and reacting more quickly. The safety of our riders and vehicles is our number one priority, and we will continue to develop the processes required to deliver best-in-class performance in this area. Further, we are aggressively investing in the development of innovative products that will further solidify Polaris’ position as the leader in powersports. Our first quarter results reflect our commitment to quickly and sustainably improve our strategic and tactical execution, continue enhancing overall safety and quality, and building superior products for our customers.”

Off-Road Vehicle (“ORV”) and Snowmobile segment sales, including their respective PG&A related sales, were $724.1 million for the first quarter of 2017, compared with $708.1 million for the first quarter for the prior year representing a two percent increase, year-over-year. PG&A sales for ORV and Snowmobiles combined, increased 13 percent in the 2017 first quarter compared to last year. Gross profit increased three percent to $213.0 million, or 29.4 percent of sales, in the first quarter of 2017, compared to $206.0 million, or 29.1 percent of sales, in the first quarter of 2016. Gross profit percentage increased primarily due to product mix.

ORV wholegood sales for the first quarter of 2017 were approximately flat as the Company began shipping at more normalized rates. Polaris North American ORV unit retail sales for the first quarter of 2017 were down mid-single digits percent from the 2016 first quarter, which included consumer purchases for side-by-side vehicles down low-single digits percent and ATV retail sales down low-double digits percent. The North American ORV industry was down mid-single digits percent compared to the first quarter last year. ORV dealer inventory was down nine percent in the 2017 first quarter compared to the same period last year.

Snowmobile wholegood sales in the first quarter of 2017 decreased three percent due to timing of shipments during the quarter. While the snow season did not meet our expectations, dealer inventory finished below last year and we received a strong reception to our all-new model year 2018 Polaris® TITAN™, the industry’s most capable extreme crossover snowmobile.

Motorcycle segment sales, including its PG&A related sales in the first quarter of 2017, was $120.3 million, a decrease of 35 percent compared to $185.3 million reported in the first quarter of 2016 which included $46.3 million of Victory Motorcycles wholegood, accessory and apparel sales. Indian Motorcycle wholegood sales increased in the first quarter driven by strong retail sales, offset by lower Slingshot® sales which were negatively impacted by low availability of salable product due to quality holds during the quarter. Gross profit for the first quarter of 2017 was a negative $19.9 million compared to positive $27.3 million in the first quarter of 2016. Adjusted for the Victory wind down costs of $38.6 million, motorcycle gross profit was a positive $18.7 million, down from the first quarter last year due to product mix and lower Slingshot volume.

North American consumer retail demand for the Polaris motorcycle segment, including Indian Motorcycle and Slingshot, was down mid-single digits percent during the 2017 first quarter, while the overall motorcycle industry retail sales, 900cc and above, was down mid-single digits percent in the 2017 first quarter. Indian Motorcycle retail sales increased low double-digits percent and continued to gain market share, partly driven by sales of the Company’s new highly customizable, split-screen Ride Command™ touchscreen infotainment system available on Indian Chieftain® and Roadmaster® models. Additionally, during the quarter, the Company added its 10th model to the line-up with the introduction of the Roadmaster Classic with genuine leather saddlebags and trunk, giving it distinctive vintage styling. Slingshot retail sales were down significantly due to low product availability and a more difficult comparable as the Company released its top of the line Slingshot SLR model in the first quarter last year.

Global Adjacent Markets segment sales along with its PG&A related sales, increased 24 percent to $91.6 million in the 2017 first quarter compared to $74.1 million in the 2016 first quarter. Gross profit increased 38 percent to $28.1 million, or 30.7 percent of sales, in the first quarter of 2017, compared to $20.4 million, or 27.5 percent of sales, in the first quarter of 2016. Sales and gross profit were up primarily due to increased sales in the Company’s Government and Defense business in the 2017 first quarter which more than doubled from the previous year’s quarter sales. Work and Transportation group wholegood sales were up 12 percent during the first quarter of 2017 primarily due to increased Aixam® sales and a full quarter of Taylor-Dunn® sales compared to last year.

Aftermarket segment sales which includes Transamerican Auto Parts (“TAP”), along with the Company’s other aftermarket brands of Klim®, Kolpin®, Pro Armor®, Trail Tech and 509®, increased significantly to $217.8 million in the 2017 first quarter compared to $15.5 million in the 2016 first quarter. TAP added $202.0 million of sales in the first quarter of 2017. Gross profit increased significantly to $41.6 million, or 19.1 percent of sales in first quarter of 2017, compared to $4.7 million, or 30.3 percent of sales, in the first quarter of 2016. Adjusted for the TAP acquisition step-up adjustment, Aftermarket gross profit was $54.5 million, or 25.0 percent of sales. Sales and gross profit dollars were up primarily due to the addition of TAP acquired in the fourth quarter of 2016.

Supplemental Data:

Parts, Garments, and Accessories (“PG&A”) sales, excluding Aftermarket segment sales, increased 13 percent for the 2017 first quarter. The increase was primarily driven by higher ORV and Global Adjacent Markets related PG&A sales during the quarter.

International sales to customers outside of North America totaled $166.2 million for the first quarter of 2017, including PG&A, up two percent, from the same period in 2016.

Gross profit decreased two percent to $242.5 million for the first quarter of 2017 from $247.6 million in the first quarter of 2016. As a percentage of sales, reported gross profit margin was 21.0 percent compared with 25.2 percent of sales for the first quarter of 2016. Gross profit for the first quarter of 2017 includes the negative impact of $38.6 million of Victory wind down costs and $12.9 million in purchase accounting adjustments related to the TAP acquisition. Excluding these items, adjusted gross profit was $294.0 million, or 25.4 percent of sales. Gross margins on an adjusted basis improved slightly due to product cost reduction efforts generated through lean initiatives and favorable product mix offsetting increased warranty and promotional costs incurred during the quarter.

Operating expenses increased 27 percent for the first quarter of 2017 to $241.8 million from $189.9 million, including $6.0 million in Victory wind down costs and $3.3 million of TAP integration expenses. Excluding these costs, operating expenses increased primarily due to the addition of operating expenses from TAP, as well as more normalized variable compensation expenses and increased research and development expenses for ongoing product refinement and innovation.

Income from financial services was $20.4 million for the first quarter of 2017, up five percent compared with $19.5 million for the first quarter of 2016. The increase is attributable to higher income generated from the sale of extended service contracts.

Non-operating other expense, net, was $11.6 million for the first quarter of 2017, including $13.0 million in impairment charges on an investment related to the Victory wind down, versus $0.1 million in the first quarter of 2016. Excluding the impairment charge, the remaining change primarily relates to foreign currency exchange rate movements and the corresponding effects on foreign currency transactions related to the Company’s foreign subsidiaries.

The provision for income taxes for the first quarter of 2017 was $2.6 million, compared with $25.3 million for the first quarter of 2016. The reduction in the provision for income taxes is due to lower pretax income offset by certain non-deductible costs related to the Victory motorcycle wind down, incurred in the first quarter 2017.

Financial Position and Cash Flow

Net cash provided by operating activities was $50.9 million for the quarter ended March 31, 2017, compared to $139.0 million for the same period in 2016. The significant decrease in net cash provided by operating activities for the 2017 period was due to the net loss reported in the first quarter 2017 as well as the timing of warranty and other accrued expense payments and higher factory inventory ahead of the seasonally high spring retail selling season. Total debt for the quarter, including capital lease obligations and notes payable, was $1,177.7 million. The Company’s debt-to-total capital ratio was 58 percent at March 31, 2017, compared to 36 percent a year ago. Cash and cash equivalents were $137.5 million at March 31, 2017, down from $145.8 million for the same period in 2016.

Share Buyback Activity

During the first quarter 2017, the Company repurchased and retired 256,000 shares of its common stock for $21.8 million. As of March 31, 2017, the Company has authorization from its Board of Directors to repurchase up to an additional 7.2 million shares of Polaris stock.

2017 Business Outlook

The Company guidance range for the full year 2017 remains unchanged from previously issued guidance. The Company continues to expect adjusted net income to be in the range of $4.25 to $4.50 per diluted share, compared with adjusted net income of $3.48 per diluted share for 2016. Full year 2017 adjusted sales are anticipated to increase in the range of 10 percent to 13 percent over 2016 sales of $4,516.6 million, also unchanged from previously issued guidance.

Wind down of Victory Motorcycles

Polaris announced on January 9, 2017 its intention to wind down its Victory Motorcycles operations. The decision is expected to improve the long-term profitability of Polaris and its global motorcycle business, while materially improving the Company’s competitive position in the industry. The Company will record costs associated with supporting Victory dealers in selling their remaining inventory, the disposal of factory inventory, tooling, and other physical assets, and the cancellation of various supplier arrangements. These costs will be recorded in the 2017 income statement in respective sales, gross profit and operating expense beginning in the first quarter of 2017. These costs are excluded from Polaris’ 2017 sales and earnings guidance on a non-GAAP basis.

Use of Non-GAAP Financial Information

This press release and our related earnings call contains certain non-GAAP financial measures, consisting of “adjusted sales, gross profits, operating expenses, other expense, net income and net income per diluted share” as measures of our operating performance. Management believes these measures may be useful in performing meaningful comparisons of past and present operating results, to understand the performance of its ongoing operations and how management views the business. Reconciliations of adjusted non-GAAP measures to reported GAAP measures are included in the financial schedules contained in this press release. These measures, however, should not be construed as an alternative to any other measure of performance determined in accordance with GAAP.

Fourth Quarter and Full Year Conference Call and Webcast Presentation

Today at 9:00 AM (CT) Polaris Industries Inc. will host a conference call and webcast to discuss the 2017 first quarter results released this morning. The call will be hosted by Scott Wine, Chairman and CEO; Ken Pucel, Executive Vice President – Operations, Engineering and Lean; and Mike Speetzen, Executive Vice President – Finance and CFO. A slide presentation and link to the webcast will be posted on the Polaris Investor Relations website at http://ir.polaris.com.

To listen to the conference call by phone, dial 877-706-7543 in the U.S. and Canada, or 478-219-0273 internationally. The Conference ID is # 45015868.

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 Industries Inc. (NYSE: PII) is a global powersports leader with annual 2016 sales of $4.5 billion. Polaris fuels the passion of riders, workers and outdoor enthusiasts with our RANGER®, RZR® and POLARIS GENERAL™ side-by-side off-road vehicles; our SPORTSMAN® and POLARIS ACE® all-terrain off-road vehicles; VICTORY® and INDIAN MOTORCYCLE® mid-size and heavyweight motorcycles; SLINGSHOT® moto-roadsters; and Polaris RMK®, INDY®, SWITCHBACK® and RUSH® snowmobiles. Polaris enhances the riding experience with parts, garments and accessories sold under multiple recognizable brands, and has a growing presence globally in adjacent markets with products including military and commercial off-road vehicles, quadricycles, and electric vehicles. www.polaris.com

Except for historical information contained herein, the matters set forth in this news release, including management’s expectations regarding 2017 future sales, shipments, net income, and net income per share, and operational initiatives 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 expansion initiatives, product offerings, promotional activities and pricing strategies by competitors; economic conditions that impact consumer spending; acquisition integration costs; product recalls, 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; 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)

POLARIS INDUSTRIES INC.

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(In Thousands, Except Per Share Data)

(Unaudited)

Three months ended March 31,
2017 2016
Sales $ 1,153,782 $ 982,996
Cost of sales 911,291 735,418
Gross profit 242,491 247,578
Operating expenses:
Selling and marketing 114,313 77,241
Research and development 52,005 43,109
General and administrative 75,514 69,580
Total operating expenses 241,832 189,930
Income from financial services 20,430 19,496
Operating income 21,089 77,144
Non-operating expense:
Interest expense 7,914 2,865
Equity in loss of other affiliates 1,900 2,058
Other expense, net 11,608 81
Income (loss) before income taxes (333 ) 72,140
Provision for income taxes 2,578 25,251
Net income (loss) $ (2,911 ) $ 46,889
Net income (loss) per share:
Basic $ (0.05 ) $ 0.72
Diluted $ (0.05 ) $ 0.71
Weighted average shares outstanding:
Basic 63,128 65,046
Diluted 64,133 65,982
POLARIS INDUSTRIES INC.

CONSOLIDATED BALANCE SHEETS

(In Thousands, Except Per Share Data)

(Unaudited)

March 31, 2017 March 31, 2016
Assets
Current Assets:
Cash and cash equivalents $ 137,494 $ 145,763
Trade receivables, net 176,277 124,553
Inventories, net 800,611 710,004
Prepaid expenses and other 81,193 68,224
Income taxes receivable 54,902 28,126
Total current assets 1,250,477 1,076,670
Property and equipment, net 729,063 675,164
Investment in finance affiliate 87,398 99,910
Deferred tax assets 185,887 165,862
Goodwill and other intangible assets, net 786,574 278,483
Other long-term assets 96,600 83,684
Total assets $ 3,135,999 $ 2,379,773
Liabilities and Shareholders’ Equity
Current Liabilities:
Current portion of debt, capital lease obligations and notes payable $ 2,888 $ 4,895
Accounts payable 348,016 293,512
Accrued expenses:
Compensation 72,915 60,168
Warranties 109,852 67,207
Sales promotions and incentives 179,587 147,204
Dealer holdback 104,905 111,480
Other 165,890 99,802
Income taxes payable 2,332 9,985
Total current liabilities 986,385 794,253
Long term income taxes payable 26,559 25,150
Capital lease obligations 17,525 20,010
Long-term debt 1,157,328 507,499
Deferred tax liabilities 9,086 13,728
Other long-term liabilities 94,021 76,076
Total liabilities $ 2,290,904 $ 1,436,716
Deferred compensation 9,249 12,190
Shareholders’ equity:
Total shareholders’ equity 835,846 930,867
Total liabilities and shareholders’ equity $ 3,135,999 $ 2,379,773
POLARIS INDUSTRIES INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands, Except Per Share Data)

(Unaudited)

Three months ended March 31,
2017 2016
Operating Activities:
Net income (loss) $ (2,911 ) $ 46,889
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 44,538 37,894
Noncash compensation 12,336 15,506
Noncash income from financial services (7,088 ) (7,403 )
Deferred income taxes 2,565 915
Impairment charges 18,760
Other, net 1,900 2,058
Changes in operating assets and liabilities:
Trade receivables 1,372 34,197
Inventories (48,949 ) 14,371
Accounts payable 73,091 (9,936 )
Accrued expenses (47,184 ) (31,834 )
Income taxes payable/receivable (3,801 ) 21,304
Prepaid expenses and others, net 6,287 15,047
Net cash provided by operating activities 50,916 139,008
Investing Activities:
Purchase of property and equipment (38,391 ) (54,833 )
Investment in finance affiliate, net 13,699 6,566
Investment in other affiliates (1,694 ) (4,408 )
Acquisition and disposal of businesses, net of cash acquired 1,644 (54,830 )
Net cash used for investing activities (24,742 ) (107,505 )
Financing Activities:
Borrowings under debt arrangements / capital lease obligations 478,248 570,832
Repayments under debt arrangements / capital lease obligations (444,386 ) (504,450 )
Repurchase and retirement of common shares (21,807 ) (84,949 )
Cash dividends to shareholders (36,384 ) (35,430 )
Proceeds from stock issuances under employee plans 4,321 8,987
Net cash used for financing activities (20,008 ) (45,010 )
Impact of currency exchange rates on cash balances 4,003 3,921
Net increase (decrease) in cash and cash equivalents 10,169 (9,586 )
Cash and cash equivalents at beginning of period 127,325 155,349
Cash and cash equivalents at end of period $ 137,494 $ 145,763
POLARIS INDUSTRIES INC.

RECONCILIATION OF GAAP “REPORTED” TO NON-GAAP “ADJUSTED” RESULTS

(In Thousands, Except Per Share Data)

(Unaudited)

Reported GAAP Measures Q1 2017 Adjustments(3) Adjusted Measures

Q1 2017

Q1 2016

% Change

Victory
Wind Down
(1)

TAP(2)

Total

Q1 2017

Q1 2016

% Change

Sales
ORV/Snowmobiles $ 724,103 $ 708,103 2 % $ 724,103 $ 708,103 2 %
Motorcycles 120,289 185,267 (35 )% $ 5,104 $ 5,104 125,393 185,267 (32 )%
Global Adjacent Markets 91,555 74,109 24 % 91,555 74,109 24 %
Aftermarket 217,835 15,517 1,304 % 217,835 15,517 1,304 %
Total sales 1,153,782 982,996 17 % 5,104 5,104 1,158,886 982,996 18 %
Gross profit
ORV/Snowmobiles 212,959 205,987 3 % 212,959 205,987 3 %
% of sales 29.4 % 29.1 % +32 bps 29.4 % 29.1 % +32 bps
Motorcycles (19,881 ) 27,259 (173 )% 38,563 38,563 18,682 27,259 (31 )%
% of sales (16.5 )% 14.7 % -3,124 bps 14.9 % 14.7 % +19 bps
Global Adjacent Markets 28,098 20,383 38 % 28,098 20,383 38 %
% of sales 30.7 % 27.5 % +319 bps 30.7 % 27.5 % +319 bps
Aftermarket 41,564 4,699 785 % 12,897 12,897 54,461 4,699 1,059 %
% of sales 19.1 % 30.3 % -1,120 bps 25.0 % 30.3 % -528 bps
Corporate (20,249 ) (10,750 ) (20,249 ) (10,750 )
Total gross profit 242,491 247,578 (2 )% 38,563 12,897 51,460 293,951 247,578 19 %
Gross profit % 21.0 % 25.2 % (417) bps 25.4 % 25.2 % +17 bps
Operating expenses 241,832 189,930 27 % (6,017 ) (3,303 ) (9,320 ) 232,512 189,930 22 %
Other expense, net 11,608 81 NM (13,000 ) (13,000 ) (1,392 ) 81 NM
Net income (loss) $ (2,911 ) $ 46,889 (106 )% $ 41,021 $ 10,183 $ 51,204 $ 48,293 $ 46,889 3 %
Diluted EPS $ (0.05 ) $ 0.71 (107 )% $ 0.64 $ 0.16 $ 0.80 $ 0.75 $ 0.71 6 %
(1) Represents adjustments for the wind down of Victory Motorcycles, including wholegoods, accessories and apparel
(2) Represents adjustments for a TAP acquisition inventory step-up and TAP integration expenses
(3) The Company used its estimated statutory tax rate of 37.1% for the non-GAAP adjustments, except for the non-deductible items

2016 Reclassified Results: 2016 sales and gross profit results for ORV/Snowmobiles, Motorcycles and Aftermarket are reclassified for the new Aftermarket reporting segment.

2017 Adjusted Guidance: 2017 guidance excludes the pre-tax effect of TAP inventory step-up purchase accounting of approx. $15 million, acquisition integration costs of approx. $15 million, manufacturing network realignment costs of approx. $10-$15 million and the impacts associated with the Victory wind down which is estimated to be in the range of $70 to $90 million in 2017. 2017 adjusted sales guidance excludes any Victory wholegood, accessories and apparel sales and corresponding promotional costs as the Company is in the process of exiting the brand. The Company has not provided reconciliations of guidance for adjusted diluted net income per share, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures. These items include costs associated with the Victory wind down that are difficult to predict in advance in order to include in a GAAP estimate.

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Source: Polaris Industries Inc.

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Pop Evil Pairs with Ozzy Osbourne on the Wolfman Jack Stage

25 04 2017

Top rockers with pockets full of hits will set the stage on fire for the Prince of Darkness on Wednesday, Aug. 9.

STURGIS, SD – April 25, 2017 – (Motor Sports Newswire) – What already was shaping up to be an unforgettable day at the Sturgis Buffalo Chip® has now become the hottest ticket in town, as the venue has secured chart-topping hard rock band Pop Evil to open for Ozzy Osbourne on its main stage Aug. 9. This addition rounds out a jam-packed day of entertainment that begins in the afternoon with the thunder of hopped-up machines in the Street Drag Invitational with Crazy John followed by the adrenaline of Roland Sands Design’s Super Hooligan Races presented by Indian Motor-cycle. More info here.

Pop Evil has been pounding its way up the charts and into the hearts of fans ever since the band strapped on guitars and started writing songs in 2001. Billboard named them the no. 4 Mainstream Rock Artist of 2014, a result of three consecutive no. 1 Rock Radio Singles from their last album, and a fourth that cracked the Top 10. Touring with some of the biggest names in music, their songs such as Footsteps, Trenches and Deal with the Devil have been heard around the world and on TV in association with events such as NFL, NHL and NASCAR.

“Pairing Pop Evil with Ozzy Osbourne, the street drags and the Super Hooligan Races on Wednesday is packaging a perfect day at the rally,” said Rod Woodruff, President of the Sturgis Buffalo Chip. “Nobody should miss this rare opportunity for a day filled with non-stop racing action, stunts and events, and these incredible, world-class, megastar musicians all for one pass.”

As the largest and most easily accessed concert and camping venue east of Sturgis, con-cert attendees not already camping at the Buffalo Chip will be able to access the free parking area at the east gate, about 5 miles from exit 37 on I-90.

The growing 2017 Buffalo Chip lineup of entertainment so far includes:

Fri., Aug. 4
Dirt Riot Off-Road Racing (Free to the Public)
Headlining Concerts to Be Announced Soon

Sat., Aug 5
Dirt Riot Off-Road Racing
Motorcycles as Art Exhibit Opens Free to the Public
Headlining Concerts to Be Announced Soon

Sun., Aug. 6
Shinedown
American Flat Track Buffalo Chip TT
Presented by Indian Motorcycle
FXR Bike Show

Mon., Aug. 7
The Doobie Brothers
Legends Ride®
Full Throttle Florida Bike Show
More headlining Concerts to Be Announced Soon

Tues., Aug. 8
Lynyrd Skynyrd
Blackberry Smoke
Biker Belles®
Full Throttle Florida Bike Show
Sportster Showdown Bike Show

Wed., Aug. 9
Ozzy Osbourne
Pop Evil
Street Drag Invitational with Crazy John
RSD Super Hooligan Races
Presented by Indian Motorcycle

Thurs., Aug. 10
Blink-182
George Thorogood and the Destroyers
Freedom Celebration and Ride
Rat’s Hole Bike Show
Doug Danger’s World Record Rattlesnake Jump on Evel Knievel’s 1972 XR750

Fri., Aug. 11
Alter Bridge
AMA Supermoto Races
American West Motorcycle Tour
More Headlining Concerts to be Announced Soon

Sat., Aug. 12
AMA Supermoto Races
American West Motorcycle Tour
Headlining Concerts to Be Announced Soon

The Buffalo Chip will be announcing more entertainment in the coming weeks. Those interested can get more information and purchase passes at BuffaloChip.com.

About The Sturgis Buffalo Chip

The Sturgis Buffalo Chip® is the Largest Music Festival in Motorcycling®. It is the world’s first and leading entertainment destination for the motorcycle enthusiast and 2017 South Dakota Excellence in Tourism Innovation award winner. Since 1981, the venue’s high-profile, nine-day festival, known as The Best Party Anywhere®, remains one of the world’s most televised and longest running independent music festivals. Located three miles east of Sturgis, SD on 600 creek-fed acres, it offers eight stages of entertainment, a swimming hole, bars, mouth-watering food, showers, cabins, RVs, camping and more to visitors traveling from all corners of the world. The Chip’s concerts are free with camping. The 2017 Motorcycles as Art exhibit, “Old Iron/Young Blood – Motorcycles and the Next Gen” curated by Michael Lichter is free and open to the public. More details are available at http://www.BuffaloChip.com.

Source: Sturgis Buffalo Chip

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Kuryakyn Sequential Run-Turn L.E.D. Bat Lashes

25 04 2017

SOMERSET, WI – April 25, 2017 – (Motor Sports Newswire) –  Auxiliary lighting is the best way to ensure increased safety and visibility on the road. The new Kuryakyn® Sequential Run-Turn L.E.D. Bat Lashes take a tried-and-true concept one step further with integrated sequential turn signal functionality. The white L.E.D. running lights convert to attention-grabbing amber L.E.D. turn signals when engaged, individually illuminating for smooth and consistent directional functionality.

Durable injection-molded ABS housings feature high-strength polycarbonate lenses and a sleek design that forms to batwing fairing contours. Additional benefits are significantly enhanced visibility, low current draw, and an included run-turn controller for easy plug-&-play wiring. Installation requires drilling holes into the fairing on ’14-’17 Harley-Davidson® Electra Glides, Street Glides and Tri Glides.

  • P/N 7131
    MSRP: $239.99

About Kuryakyn

Kuryakyn has been leading the design and manufacturing of aftermarket parts and accessories for the motorcycle industry for the past 28 years. Our ideas are products of expressive minds that realize a motorcycle isn’t simply a means of transportation, but rather a representation of a person’s very identity. We are dedicated to producing innovative parts and accessories that keep us Miles Ahead.

Source: Motorsport Aftermarket Group

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Risk Racing and Parts Unlimited Partner in Distribution

25 04 2017

2 Companies Committed to Excellence!

MOORESVILLE, NC – April 25, 2017 – (Motor Sports Newswire) – Risk Racing is exhilarated to announce a new distribution partnership with Parts Unlimited. Parts Unlimited will now stock and distribute the Risk Racing brand of innovative products to their extensive network of powersports dealers.

“Parts Unlimited is very pleased to have Risk Racing as a new partner. Our longstanding commitment and involvement in the off-road market, combined with Risk Racing’s exciting and innovative products, will be a perfect combination for both companies. We look forward to working with them in 2017 and beyond.” said Jeff Derge, Vice President of Sales, Parts Unlimited, Lemans Corporation.

Risk Racing has designed, patented and produced several award-winning products such as the RR1 Ride-on Moto lift, the Holeshot Practice Starting Gate, the Lock-N-Load Moto Transport System, Seal Doctor, and Trilight, just to name a few. These products and more have arrived at Parts Unlimited distribution centers, Parts Sales Reps have been brought up to speed on the highly-anticipated new line, and the www.partsnetweb.com dealer ordering network is updated and ready for dealers to start stocking Risk products today.

“Parts Unlimited is a leader in powersports distribution, so of course all of us at Risk Racing are excited about the future with them. Parts Unlimited has an amazing infrastructure and distribution network that will make the dealer ordering process seamless, and ensure timely delivery.” said James Burry, owner of Risk Racing.

Visit a local dealer and ask to see their Risk Racing product offering through Parts Unlimited. Their full-color catalogs are jam-packed with all the parts and accessories one could ever want.

For more information about Risk Racing, visit: www.riskracing.com. For more information about Parts Unlimited, visit: http://www.parts-unlimited.com/aboutus/

Source: Risk Racing

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John Ulrich presented AMA Dud Perkins Lifetime Achievement Award at Circuit of The Americas

24 04 2017

Road racer, team owner, publisher, former AMA Board of Directors member

PICKERINGTON, OH – April 24, 2017 – (Motor Sports Newswire) –  John Ulrich, a racer, team owner and the founder and editor of Roadracing World & Motorcycle Technology magazine, was presented the AMA Dud Perkins Lifetime Achievement Award on Friday by AMA President and CEO Rob Dingman.

The ceremony took place at Circuit of The Americas in Austin, Texas, at the first round of the MotoAmerica AMA/FIM North America Road Race Championship and the American round of the FIM MotoGP Grand Prix World Championship.

The AMA Dud Perkins Lifetime Achievement Award is the most prestigious of the AMA awards.

“The thing that I’m most proud of is that AMA has improved its game and come to a level where it should be, and our sport is where it is (in) caring about the riders, caring about rider safety, caring about doing the right thing, and caring about having fair competition and officiating,” Ulrich said. “That’s really important to me.”

Ulrich, who served on the AMA Board of Directors for 13 years, has dedicated his life to road racing and to rider safety.

In addition to his racing and publishing credentials, Ulrich is the founder of the Roadracing World Action Fund, a nonprofit that advocates and promotes the use of soft barriers to prevent racetrack injuries and provides education on the value of adequate pre-race practice, rider training and proper racetrack preparation.

“You know, in a lot of ways this is the best of times for our sport,” Ulrich said. “Because right now we have an AMA-sanctioned National series that is run by guys who know what they’re doing, that care about the participants both at the team owner level and the riders, and buy into the concept that killing off or maiming your stars is bad business, at best.”

Dingman said Ulrich was a catalyst for change within the AMA.

“I had the pleasure of having John on the Board when I came on board,” Dingman said. “Things that we needed to do to improve the AMA, to change the AMA, could not have been done without John Ulrich’s help.”

Ulrich first competed in 1973 and has won races in five decades, including the 1983 and 1984 WERA National Endurance Championships and the 1996 WERA National Challenge Series 125cc Grand Prix Championship.

Ulrich also co-founded Team Hammer in 1980. Team Hammer has won numerous amateur and professional championships to become one of the most successful road racing teams in the United States.

“John has forgotten more about road racing than most of us will ever know,” Dingman said. “John is always my go-to-guy when I have a question about anything, and not just about road racing. John was incredibly helpful on the Board.”

The full slate of 2017 AMA Awards was announced on Feb. 17. A complete list is available at www.americanmotorcyclist.com.

About the American Motorcyclist Association

Founded in 1924, the AMA is a not-for-profit member-based association whose mission is to promote the motorcycle lifestyle and protect the future of motorcycling. As the world’s largest motorcycling rights and event sanctioning organization, the AMA advocates for riders’ interests at all levels of government and sanctions thousands of competition and recreational events every year. The AMA also provides money-saving discounts on products and services for its members. Through the AMA Motorcycle Hall of Fame in Pickerington, Ohio, the AMA honors the heroes and heritage of motorcycling. For more information, visit www.americanmotorcyclist.com.

Not a member? Join the AMA today.

Source: American Motorcyclist Association

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Online Ticket Sales Now Available For Lima Half-Mile

24 04 2017

CLIO, MI – April 24, 2017 – (Motor Sports Newswire) –  The promoters of the Lima Half-Mile presented by Indian Motorcycle are pleased to announce that for the first time ever, fans can purchase advance tickets online and make seat selections for one of American Flat Track’s revered events on Saturday, June 24.

“Fairgrounds pea gravel half-mile racing is old school, but we want to modernize the fan experience, which is why we added online ticket sales,” said Jared Mees, four-time Grand National Champion/race promoter. “Nowadays people do everything online, so we recognized it was time to offer our fans the option of picking their seats and buying tickets online.”

The Allen County Fairground’s half-mile track features some of the best racing on the American Flat Track circuit. The pea gravel surface and 85-feet wide corners allow for exciting, multi-line racing at high speeds. In its 34th running, the Lima Half-Mile is also one of the longest running and most popular races in the American Flat Track series. With an atmosphere unlike any other venue this race is unique. Fans can pack the huge grandstands, which span the entire front straightaway, and also surround the fence on the outside of the track.

For a limited time, you can save $10 per ticket if you purchase in advance at LimaHalfMile.com. Seats are going fast, so buy your ticket now and save for one of Flat Track racing’s most authentic experiences. Fans who want to talk to a person can still call 419-991-1491 to buy tickets or get questions answered.

To stay up-to-date on race happenings, sign up for email updates on LimaHalfMile.com and “like” Facebook.com/LimaHalfMile, the official fan page of the race.

Source: Mees Promotions

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RCH/Yoshimura/Suzuki Factory Racing Hopes Dashed in Promising Effort

24 04 2017

SALT LAKE CITY, UT – April 24, 2017 – (Motor Sports Newswire) – A promising night that had the makings of a pair of strong finishes ended in disappointment for RCH/Yoshimura/Suzuki Factory Racing when Monster Energy Supercross, an FIM World Championship, made its return to Salt Lake City Saturday night.

Justin Bogle, rider of the No. 19 Suzuki RM-Z450, collected the holeshot at Round 15 and was racing inside the top five when his machine got away from him in the whoop section at Rice-Eccles Stadium, just prior to the halfway mark of the 450SX Class main event. Extensive damage forced Bogle to the mechanics area so his team could survey the damage and offer makeshift repairs, ultimately leaving him 21st in the final rundown.

“I just made a mistake in the whoops and it ended up costing us,” explained Bogle. “We had a great night going right up until that point. I qualified straight out of the heat, drilled the holeshot in the main event, and was running with the leaders until I went down. That’s just kind of how our season has gone. It’s a tough pill to swallow and I’m not making any excuses. We’ll just keep working hard and hope our luck swings back the other way.”

Bogle’s RCH teammate Broc Tickle, the senior member of RCH’s Suzuki RM Army, also qualified for the main event straight from his heat race and had a strong top 10 run going until an incident just before halfway eventually shuffled him back to 12th when the checkered flag waved.

Despite coming up two spots short of a top 10, Tickle held on to eighth in points where he paces veterans Dean Wilson and Chad Reed by nine with two races remaining on the 2017 schedule.

“Overall, it was a pretty good night but I would have really liked to get out of there with a better finish than 12th,” offered Tickle. “I had a good heat race and transferred straight into the main but I got a terrible start and had to try and catch up for the rest of the night. I was making my way forward but it didn’t work out like we hoped. We’ll go on to East Rutherford and Las Vegas and try and finish out the last two on a high note.”

Monster Energy AMA Supercross, an FIM World Championship, returns to New Jersey this weekend when the series visits MetLife Stadium. The 16th of 17 races on the 2017 Monster Energy Supercross calendar will be televised live on FOX Saturday, April 29 beginning at 5 p.m. Eastern Daylight Time, 2 p.m. Pacific.

Source: RCH/Yoshimura/Suzuki Factory Racing

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