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MarketScreener Homepage  >  Equities  >  Nyse  >  Polaris Inc.    PII


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Polaris : RZR® Factory Racing Captures Eighth-Straight Win at SCORE Baja 1000

11/24/2020 | 11:10am EST

Wes Miller Takes Pro Turbo & Overall Class Championship with Commanding Baja Performance

The Polaris RZR® Factory Racing Team captured its eighth consecutive championship at the 53rd SCORE Baja 1000 with Wes Miller winning the prestigious and grueling 898-mile race in the Pro Turbo class, capping off the World Desert Championship. Polaris athletes were able to secure the overall win, as well as three other podium finishes across UTV field.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201124005705/en/

Wes Miller in action. Photo by Daniel Curiel.

Wes Miller in action. Photo by Daniel Curiel.

With 42 entries across four classes in one of the most prestigious and legendary off-road races of the year, RZR Factory Racers Wes Miller earned 1st in Pro Turbo; ironman Adrian Orellana earned 2nd in Pro UTV N/A; Kaden Wells earned 3rd Pro UTV N/A. Additionally, ironwoman Kristen Matlock was able to secure the SCORE Pro UTV N/A season championship with a 4th in the Pro UTV N/A class.

In a stacked Pro Turbo class, Wes Miller and his team were able to rise above the competition and take home their first Baja 1000 win in the Pro Turbo class, as well as the UTV Overall. Piloting the first UTV to cross the finish line in just over 26 hours—beating his nearest competitor in the Pro Turbo field by more than 40 minutes—Miller proved RZR Factory Racing is still the team to beat in UTV Racing, completing their third consecutive season sweep of overall wins.

The action-packed Pro N/A class saw battles throughout the entire race with multiple lead changes. When they crossed the line, Adrian Orellana earned a hard-fought 2nd place finish in the class and 3rd overall, while Kaden Wells, the 2019 SCORE Pro N/A season points champion, achieved a 3rd place finish in class and 6th overall. Kristen Matlock became the 2020 SCORE Pro N/A season points champion with a 4th place finish in the class. Continuing to cement herself as one of the toughest competitors in the field, she drove the entire race by herself, completing it in just over 28 hours.

“We are thrilled with the results of our RZR Factory Racing team here at the Baja 1000. To be able to cap off the SCORE season by taking another overall UTV win is a phenomenal feat and a testament to the Polaris racing platform,” said Brett Carpenter, Team RZR Factory Racing Manager, Polaris. “It’s awesome to end the season like this and build momentum as we approach the Dakar Rally this January.”

Polaris RZR Factory Racing will be back in action to tackle the world’s toughest race, the Dakar Rally, in Jeddah, Saudi Arabia, beginning January 3, 2021 through January 15, 2021.

More information about Polaris Off-Road Vehicles and Polaris Engineered Accessories can be found at RZR.Polaris.com. Also, join the conversation and follow RZR on Facebook, Instagram and Twitter.

About Polaris

As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. With annual 2019 sales of $6.8 billion, Polaris’ high-quality product line-up includes the Polaris RANGER, RZR and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; snowmobiles; and deck, cruiser and pontoon boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including TransAmerica Auto Parts. Polaris’ presence in adjacent markets includes military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com.

Unless noted, trademarks are the property of Polaris Industries Inc. JIMCO RACING® is a registered trademark of Jimco Racing, Inc.®; 4 Wheel Parts® and 4WP® are registered trademarks of TAP Worldwide; BF Goodrich® is a registered trademark of B. F. GOODRICH COMPANY; Method Race Wheels® is a registered trademark of CUSTOM WHEEL HOUSE, LLC; FOX RACING SHOX® is a registered trademark of Fox Factory Inc.; Sparco® is a registered trademark of Sparco S.p.A.; Troy Lee Designs® is a registered trademark of Troy Lee Designs, LLC; MOTUL® is a registered trademark of MOTUL société anonyme (sa); Motec® is a registered trademark of Motec Holdings Pty Ltd; Rigid® is a trademark of JST Performance, LLC d/b/a Rigid Industries, LLC; TRAYCO® is a registered trademark of Home Depot U.S.A., INC.; Shiftpod® is a registered trademark of Christian W. Weber.

© Business Wire 2020
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Sales 2020 6 971 M - -
Net income 2020 107 M - -
Net Debt 2020 985 M - -
P/E ratio 2020 75,9x
Yield 2020 2,05%
Capitalization 7 631 M 7 631 M -
EV / Sales 2020 1,24x
EV / Sales 2021 1,05x
Nbr of Employees 14 000
Free-Float 93,7%
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Technical analysis trends POLARIS INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 130,60 $
Last Close Price 123,68 $
Spread / Highest target 21,3%
Spread / Average Target 5,60%
Spread / Lowest Target -19,1%
EPS Revisions
Managers and Directors
Michael Todd Speetzen Chief Executive Officer & EVP-Finance
John P. Wiehoff Chairman
Kenneth J. Pucel Executive VP-Global Operations, Engineering & Lean
Robert P. Mack Chief Financial Officer & Senior VP
Steven J. Kemp Vice President-Technology, Electronics & Software
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