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OWN Easyriders Magazine! Auction Date Set

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auction76-year-old Owner, Joe Teresi,
Looking To Retire
OWN Easyriders Magazine!

Well Bros, I just turned 76 and luckily, 46 of those years were spent as the lead dog of Easyriders, V-Twin, Road Iron and Tattoo magazines, to name just a few of the many titles we put out over those 46 years. It has been a HELL of a ride!

It was only possible because of the great gang you see listed on the masthead of each issue, now led by Editor-in-Chief, Dave Nichols! As I ride off into the sunset I want to make sure that these dedicated professionals will be able to continue to put out the best Biker and Tattoo magazines ever. I would prefer to sell to or through someone reading this, as opposed to posting an auction notice in the Wall Street Journal and finding some suit to take over who has no feel for what we do here at Paisano.

Thanks to all of you who have been reading our mags over the past many decades and please direct any Biker-type business owners/investors that you may know.

Keep the Shiny Side Up!

Joe Teresi
Owner and Publisher
OWN Easyriders Magazine!For more information and to register to bid go to :
www.PaisanoAuction.com

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Pappy Hoel Campground

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Pappy_hoel_2017_largePappy Hoel Campground named Official Campground for Harley Owners Group

Harley-Davidson Motor Company and the Full Throttle Saloon’s Pappy Hoel Campground have partnered to name the Pappy Hoel Campground as the official campground for Harley Owners Group (H.O.G.) during the 77th annual motorcycle rally in Sturgis, SD.

The partnership offers the following benefits to all H.O.G. members with a valid H.O.G. membership:

  • A 10% discount on Pappy Hoel Campground wristbands, which grant admission to all concerts, events and entertainment at the Full Throttle Saloon/Pappy Hoel Campground; Additionally, wristbands qualify H.O.G. members for:
    • Daily random drawings for prizes and premiums, exclusive to H.O.G. members;
    • Preferred pricing with select on-site vendors on the Full Throttle Saloon/Pappy Hoel Campground property, exclusive to H.O.G. members;
    • Preferred pricing at a H.O.G.-branded bar in the Full Throttle Saloon
  • All H.O.G. members attending the rally will be invited to the official H.O.G. welcome party at the Pappy Hoel Campground Pool, on Tuesday, August 8, featuring live entertainment, drink specials, prize raffles and more. Additional details to be announced on pappyhoelcampground.com soon.
  • An invitation to join the 17th annual Pappy Hoel Charity Motorcycle Ride from the Full Throttle Saloon to the Stone House, on Wednesday, August 8. Proceeds will be split between a local charity (in the past, the funds have provided a scholarship to a local school and been donated to the Sturgis Fire Department) and designated H.O.G. charities.

fts_cabin_promo_2017_02_large“Harley-Davidson is not just a brand, it’s a family”, said Jesse James Dupree, co-owner of the Pappy Hoel Campground. “No brand has a fraternity like Harley-Davidson’s Harley Owners Group. H.O.G. members share not only a passion for riding, but they are charity-minded and will give you the shirt off their back. We’re proud to host the fraternity of the Harley Owners Group on our grounds.”

2017_Rally_Page_largeMike Ballard, owner of the Full Throttle Saloon, added, “When rebuilding the new Full Throttle, I wanted to incorporate a theme of the things that make America great. It’s an honor to be partnered with Harley-Davidson, a brand that embodies that same spirit.”

The Pappy Hoel Campground sits on 600 acres beneath beautiful Bear Butte, in Sturgis, SD. Together with the Full Throttle Saloon, it features an Olympic-sized swimming pool, the largest stage in South Dakota, and hundreds of cabins, RV and tent camping sites. Announced entertainment and attractions for 2017 so far include Travis Tritt (8/7), Bret Michaels (8/9), The Dead Daisies (8/9), Jackyl (8/10), Billy Lane and the Sons of Speed, a firing range, and much more to come.

H.O.G. members wishing to renew their membership to take advantage of these benefits can do so at hog.com any time or at the Harley-Davidson/H.O.G. event display on 3rd and Lazelle Streets in downtown Sturgis during the rally Aug. 5-12.

To make reservations or for general campground and entertainment updates, please visit www.pappyhoelcampground.com.

For additional information, contact:

Pappy Hoel Campground, c/o Mighty Loud Entertainment

(770) 919-2526

Hopnel Pac-A-Derms For Victory

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Pac-A-DermsHopnel Pac-A-Derms For Victory Round Bars

Press Release: The round highway bars on the Victory Cross bikes now have the markets best highway bar protectors with the introduction of Hopnel’s latest Black Classic Pac-A-Derms.  While highway bar covers protect from rain, sleet, bugs, cold weather and debris, Hopnel Pac-A-Derms have been doing it in style for over 20 Years.  Comes with Hopnel’s EZ Mount Classic medium pouches that provide  6’’ x 5 ½’’ x 2’’ of storage convenience. Pac-A-Derms

Hopnel Black Classic Pac-A-Derm

For Victory Cross Bike Round Bars

Part # V30-109BKC MSRP $119.95

Big Bike Parts

 

New For The Kuryakyn Spear Collection

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Spear CollectionNew For The Kuryakyn Spear Collection

Press Release: The new Kuryakyn Spear Horn Cover from the Kuryakyn Spear Collection is the latest addition to a growing line of accessories showcasing styling that’s on point for the new generation of Indian Motorcycle. This direct replacement for the stock cover on Indian big twins features quality A380 aluminum construction offered in chrome or satin black finishes. The included sculpted spearhead medallion along with grooves etched into the outer cover create a cohesive design that complements the full range of Spear products for Indian. The spear medallion can also be substituted with Indian’s assortment of commemorative coins and covers that utilize double-sided tape for application.

The 22037_1350x900_RGB_72DPIKuryakyn Spear collection includes grips, footpegs, direct replacement floorboard inserts, mini boards, as well as shift and brake pegs. The horn cover delivers the same sharp styling to the engine, and is the perfect counterpart to the Spear Air Cleaner that will be available soon for Indian Chief, Chieftain, Roadmaster and Springfield models.

• Spear Horn Cover: P/N 7470 – Chrome, P/N 7471 – Satin Black

  MSRP: $79.99

Fatheadz’s All-American Sunglass Collection

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Fatheadz’sFatheadz’s Launches All-American V2.0 Sunglass Collection

Portion of sales from new “Made in America” line to assist families of fallen veterans

Press Release: Fatheadz, the undisputed leader in oversized sunglasses and optical lenses, today announces the launch of its brand new All-American V2.0 sunglass collection. The latest initiative is the fifth product line under the Fatheadz brand.

The All-American V2.0 adorns a “Made in America” mark and offers a wide range of beautifully-crafted sunglasses for those who are unable to wear average-sized eyewear. Products, which combine stylish lines with durability and unmatched comfort, also come in a wide range of sizes.

Fatheadz’sNew shades offer state-of-the-art lenses designed with materials commonly used in fighter jet canopies, making them 10 times more resistant. An anti-reflective coating added to the inside of each lens reduces reflection to diminish eye strain and fatigue. In addition, the lenses provide 100 percent UV protection and are glazed to repel water, grease and fingerprints.

Fatheadz’sThe new line also offers exceptional customization capabilities, providing customers with the freedom to create a one-of-a-kind look. In addition to selecting a preferred frame style, shoppers have the option to select a desired frame color, branding insignia color and polarized lens color.

iStandLogoAligning with the line’s “Made in America” undertaking, Fatheadz will donate a portion of every sunglass purchase to Folds of Honor, which provides educational scholarships to spouses and children of America’s fallen and disabled service members.

“When Fatheadz launched in 2004, our operations strategy included economical manufacturing options to maintain a competitive advantage in the marketplace,” said CEO and founder Rico Elmore. “With Fatheadz now accentuated as the leading provider in oversized eyewear, we want the All-American V2.0 line to serve as a catalyst in the American manufacturing renaissance while simultaneously providing substantial support to our veterans.”

Each product in the All-American V2.0 line is priced competitively, and comes with a microfiber cleaning cloth, storage bag and zippered case. Eyewear is available for purchase online at www.fatheadz.com, preferred optical shops and online retailers worldwide.

About Fatheadz
Fatheadz is a leading eyewear company that makes oversized sunglasses and optical eyewear for those with larger heads, as well as in standard and intermediate sizes. Founded by a big-headed guy who searched through 300 pairs of sunglasses and could not find any that fit, Fatheadz offers five distinct lines of eyewear and more than 100 unique product offerings for both men and women of all head sizes. Each piece of Fatheadz eyewear combines contemporary frames with smart styling, and is available for purchase worldwide. Learn more at www.fatheadz.com

Roland’s Garage

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rolands-garageRoland’s Garage

Press Release: Roland’s Garage is an online window into the creative soul of RSD, where customers can buy ultra-premium goods and one of kind exclusive items that are a result of our diverse crew and inspirations. These rare items won’t last long, as there is a 15 minute countdown complete your purchase before they can be swooped up by another customer shopping in Roland’s Garage.

 

immortal-tee_5.jpg.ashx

ART :

Art enables us to find ourselves and lose ourselves at the same time. Here at RSD, we like to get lost. Often. Whether it’s a hand-painted Jacket that echo’s freedom’s own desire for wanderlust, an obscure print that may not have anything to do with motorcycles or an amalgamation of metal and wood built to serve a purpose, you’ll find it here.

Roland and the RSD Crew draws inspiration from everything and anything in life. The unique and rare items found in this category are what we consider to be artifacts of inspiration and we’re sure you’ll enjoy as much as we do.

scout-ft-handlebars_3.jpg.ashxPARTS :

While the job of designing and creating custom motorcycle parts is a dream to some, at RSD we are fortunate enough to do it on the daily.  The parts found within this section of Roland’s Garage are either one-off’s or small batch runs of a special kind of custom parts.  They’re parts that aren’t ready to be produced en mass, but parts that refill the creative lifeblood of RSD. An outward expression of our desire to do things the way we want with no limitations, we promise you won’t find these anywhere else in the world.

rsd-clash-jacket_11.jpg.ashxRIDING GEAR : 

Roland’s design process ensures riding related items such-as leather jackets, gloves or even helmets are crafted by the most skilled artisans from the best available materials. The selection of those materials, patterning and design process all hinge on Roland’s personal direction for each individual piece. The result of that process leads him to create singularly exclusive pieces.  In this section of Roland’s Garage you’ll find one-off’s that were once previously reserved only for his personal closet, now they can be yours. But hurry up, once he finds out we’ve been raiding his personal collection they’ll be gone quick!

bike-mat_3.jpg.ashxYOUR GARAGE :

Your garage, it’s your creative space. Your zen den. In it you do anything from work on your motorcycle to share laughs with friends. Regardless of what’s taking place within those four walls though, the need for visual stimulation, creativity and inspiration are paramount. From Roland’s Garage to yours, in this section you’ll find anything ranging from custom bike matts to wall banners all designed with spurring on your creative energy.

SHOP NOW

For more information email info@rolandsands.com.

3rd Invitational Why We Ride to The Quail

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Why We Ride3rd Invitational Why We Ride to The Quail Raising Much-needed Funds for Pediatric Brain Tumor Foundation 

Scenic Motorcycle Tour for Charity Set for May 4–6

The “Why We Ride” film, released in 2013 has become the #1 motorcycle movie in America because it is a story about who we are. It told the stories of individuals with a desire to dream, to discover and to explore. The movie hit an emotional nerve with riders and it has spawned an entire social movement within the industry. Director, Producer Bryan H. Carroll and Producer James Walker decided they needed to do something with this passion group of fans and out of that brainstorm came  Why We Ride MOTOvational Events. The 3rd Invitational WHY WE RIDE to the Quail is the largest annual charity event and will take place May 4, 5 and 6. The ride begins in Moorpark and heads to picturesque Pismo Beach, CA, moves up into the wooded hillsides and gorgeous valleys of Paso Robles wine country, following the Carmel River along the most seductive canyon road in California, and arriving at the beaches of Monterey in time for The Quail Motorcycle Gathering. All proceeds go to the Pediatric Brain Tumor Foundation.

Why We Ride“Three years ago we thought we would attract only ‘motorcycle people’ on the ride ,” says Bryan Carroll, producer of Why We Ride Films, organizers of the event. “Quickly we realized that like the movie, our audience was really people who ride motorcycles, which is a very different approach and made a huge difference. That approach expanded our sponsor base, and is responsible for an bigger ride this year – and being able to contribute more to our charity. I’m proud of our team for seeing our potential for good, and pushing harder every year.”

That huge difference is resulting in people of all stripes with a common love of motorcycle riding coming together and taking part. Of course, everyone loves a good cause, but the diversity of sponsors and participants really illustrates how the Hollywood and motorcycling communities have united to benefit those in need, namely children with serious medical issues. A combination of top motorcycle and riding accessories manufacturers have joined with the biggest and best equipment makers and creative service providers in Hollywood, and the unique nature of the 3-day ride (the only one of its kind) allows companies to demo products along the way.

“One of the reasons we have multiple OEMs sponsoring us is because this is about why we ride not what we ride,” says Carroll. “I wanted to bring my two passions to this ride, which is making movies and anything with an engine in it, and this year’s sponsors have captured that.”

Participants in the charity ride enjoy a bevy of perks (in addition to the awesome ride), including cocktails and vittles at the WWR Riders Dinner, gift bags, special guest speakers and VIP access to The Quail Motorcycle Gathering, including private ride to the event, exclusive parking and private lounge access.

Sponsors for The 3rd Invitational WHY WE RIDE to The Quail include (please link this to www.MOTOvational.com): Company 3, Refuse Specialists, Indian Motorcycle, Nuviz, Newbox Solutions, Kawasaki Motorcycles, Macro Space, Aerial Vuz, Gnarlynow Entertainment, Lightning Entertainment, Harley-Davidson Motorcycles, Klock Werks, D73, Motorcycle Mover LA, 805bling, Doffo Winery, LA Motorcyclist, FastHouse, Formosa Group, Fotokem, Lucky Fools, Harvest Construction, Egrafz, Alpinestars, EPS-Cineworks, AMA, idPlatforms, Bill Bavelas Family and Tim Mitchel Family.

About Why We Ride Films: Why We Ride Films is the production team behind Why We Ride, a feature length documentary film. Since its December 2013 release, it has quickly become the most critically acclaimed motorcycle movie of all time. Independently distributed by producer/director Bryan H. Carroll and producer James Walker—recipients of American Motorcyclist Magazine’s 2014 Motorcyclists of the Year award—Why We Ride’s aim is to use the power of cinema not only to entertain but also educate, inspire and celebrate the world of motorcycling with audiences worldwide. To learn more about Why We Ride, visit WhyWeRide.com.

Follow on Social Media:

https://www.facebook.com/WWR.WhyWeRide/

https://twitter.com/Why_We_Ride

https://www.instagram.com/whyweride/

Custom Handlebars for ’15 and later Road Glide

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CovingtonsCovingtons Introduces Custom Handlebars for ’15 and later Road Glide 

Press Release: When it comes to replacing the stock handlebars on your late-model Harley-Davidson Road Glide,  you can turn to the experts at Covingtons Customs for that unique combination of style, quality AND comfort!  Designed to fit 2015 and later Road Glides, these bars are made in the U.S.A. and offer easy installation with no extra parts needed.  Get the quality custom look you’ve been searching for with a riding position that promises all-day comfort in the saddle.

  • Harley-Davidson Road Glides ’15 and later
  • Available in your choice of chrome, black or raw finish.
  • No extra parts needed
  • Made in the USA.
  • MSRP $399.95 for Chrome and Black Finish
  • MSRP $299.95 for Raw Finish

Covingtons Customs
580-256-2939
www.covingtonscustoms.com

Polaris Reports 2017 First Quarter Results

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UnknownPolaris Reports 2017 First Quarter Results

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.

MINNEAPOLIS–(BUSINESS WIRE)– 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.

Polaris“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.

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Kuryakyn Sequential Run-Turn Bat Lashes

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

Press Release: 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.

Bat LashesDurable 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



Mirror Buster Gloves from Black Brand

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Black BrandMirror Buster Gloves from Black Brand are a Knockout

Press Release: With a style that’s a cross between street, motocross and MMA, the Mirror Buster Glove from Black Brand gets you ready to ride–or rumble.Black Brand

Incorporating a D3O insert for your knuckles and palm, these gloves feature riveted leather pads for your fingers to protect them from whatever they might meet. Made from top-grain leather, mesh and neoprene, they have CellTouch fingertips which let you operate touch screen devices without having to take your gloves off. The gloves also have MMA-style hook-and-loop closures, unparalleled comfort and come with a two-year manufacturer’s warranty.

Available in men’s sizes S to 3XL, the Mirror Buster Gloves (P/Ns BB7256 through BB7261) retail for $84.95 and can be ordered through your local Tucker Rocky | Biker’s Choice dealer.

For more information, visit Tucker Rocky | Biker’s Choice online at www.tuckerrocky.com or on FacebookTwitter and Google+.

About Black Brand
Black Brand is a head-to-toe apparel brand for motorcycle riders that don’t want to blend in with the crowd. We say, “be the wolf, not the sheep” by riding in Black Brand, and if you understand that statement, then we are your choice for quality riding gear. Our products are designed by people who really do ride every day and understand what makes gear better for the time you spend on your motorcycle.

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