POLARIS INC.

(PII)
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Real-time Estimate Cboe BZX  -  03:18 2022-07-06 pm EDT
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Polaris RZR Factory Racing's Mitch Guthrie Jr. Scores Impressive Second Overall in 1500 Unlimited Buggy Class and First UTV in All-New RZR Pro R

05/02/2022 | 04:46pm EDT

Guthrie Finishes 23-Minutes Faster Than Top UTV Class Finisher

Eddy Jr., Row and Groom Sweep Pro Naturally Aspirated Podium

The Polaris RZR Factory Racing team, presented by Progressive Insurance, had an incredible finish in the Nevada desert this past Saturday at the 2022 Best In The Desert Jimco Racing Silver State 300. Mitch Guthrie Jr. shocked the competition as he finished second overall and second in the 1500 Unlimited Buggy class competing in an all-new RZR Pro R. Guthrie faced stiff competition, as he was slated against 35 other unlimited cars and trucks, and more than 100 UTVs. He put on a stellar racing performance throughout the 300-mile event crossing the finish line a mere 12-seconds behind the first overall vehicle. Even more astonishing, he finished 23-minutes faster than the top UTV class finisher.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220502005750/en/

Polaris RZR Factory Racing's Mitch Guthrie Jr navigating his RZR Pro R though the Nevada desert at the 2022 Silver State 300 (Photo: Business Wire)

Polaris RZR Factory Racing's Mitch Guthrie Jr navigating his RZR Pro R though the Nevada desert at the 2022 Silver State 300 (Photo: Business Wire)

“Today was a noteworthy day for the whole Polaris Racing team. We were 12 seconds from an overall win, which is an accomplishment by itself, and dominated the day among all UTVs. Mitch Guthrie Jr. came out swinging, with an amazing performance in the Unlimited Buggy 1500 class,” said Brett Carpenter, Manager of the Polaris Factory Racing Team. “He drove his RZR Pro R flawlessly to the front of the pack and showcased how the RZR Pro R is a true a game changer, not just against UTVs, but cars and trucks alike.”

Guthrie started the race in ninth and quickly began his charge towards the front. At the halfway mark, he was sitting second in the Unlimited Buggy 1500 class and top five among all vehicles. He continued to navigate his RZR Pro R through the rugged desert before taking the checkered flag in just 5 hours, 23 minutes and 8 seconds.

“I’m absolutely stoked with this weekend’s result. Coming in second overall is a huge feat,” said Guthrie. “While we were confident in the RZR Pro R’s ability, we entered the Buggy class to see how it stacked up against the full field. As we started to get times from our crew, we realized we were on pace or faster than the competition. I think our performance not only highlighted the capabilities of the new RZR Pro R but showcased the future for UTVs and UTV racing.”

In the Pro Naturally Aspirated class, Polaris RZR Factory Racing drivers swept the podium with Max Eddy Jr. finishing first, Josh Row in second, and Ethan Groom rounding out the podium in third, all behind the wheel of RZR XP1000 vehicles.

The team will be back in action at the Baja 500 on June 1-5, 2022.

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 2021 sales of $8.2 billion, Polaris’ high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris 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 Transamerican 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


© Business Wire 2022
All news about POLARIS INC.
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Financials (USD)
Sales 2022 9 147 M - -
Net income 2022 591 M - -
Net Debt 2022 1 168 M - -
P/E ratio 2022 11,0x
Yield 2022 2,35%
Capitalization 6 417 M 6 417 M -
EV / Sales 2022 0,83x
EV / Sales 2023 0,75x
Nbr of Employees 16 000
Free-Float 94,7%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 107,85 $
Average target price 130,91 $
Spread / Average Target 21,4%
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Managers and Directors
Michael Todd Speetzen Chief Executive Officer & Director
Robert P. Mack Chief Financial Officer
John P. Wiehoff Chairman
Steven J. Kemp Vice President-Technology, Electronics & Software
Matthew J. Emmerich Chief Information Officer & Vice President
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