Welcome to our dedicated page for BRP Common Subordinate Voting Shares news (Ticker: DOOO), a resource for investors and traders seeking the latest updates and insights on BRP Common Subordinate Voting Shares stock.
BRP Inc. (TSX: DOO, NASDAQ: DOOO) is a global leader in the design, development, manufacturing, distribution, and marketing of powersports vehicles. Founded by Joseph-Armand Bombardier in 1937, the company has continued to innovate for over 80 years. Headquartered in Quebec, Canada, BRP employs approximately 23,000 people and has annual sales of CA$10.4 billion, with its products distributed in more than 130 countries.
BRP offers an extensive range of products under its well-known brands: Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons, and Rotax propulsion systems for boats, karts, and recreational aircraft. The company also provides a dedicated line of parts, accessories, and apparel to enhance the riding experience. Committed to sustainability, BRP is focusing on developing electric models and exploring new low-voltage and human-assisted product categories.
In recent years, BRP has achieved significant milestones, including the acquisition of boat manufacturers Alumacraft, Triton (making Manitou pontoon boats), and Telwater in Australia, to bolster its Marine Group established in 2018. The company's products are sold through a network of over 2,450 independent dealers and 150 distributors globally.
Latest News:
- BRP continues to lead the snowmobile market with the introduction of the 2025 Ski-Doo and Lynx lineups, featuring innovations like the RAS RX front suspension for MXZ models and new electric models designed for commercial users and consumers.
- Financial performance: For FY24 Q4, BRP reported net cash flows from operating activities totaling $1,658.1 million, a significant increase from the previous year due to favorable changes in working capital and lower taxes paid.
- Upcoming events: BRP's annual general meeting will be held virtually on May 31, 2024, allowing all shareholders to participate regardless of location.
BRP's commitment to continuous innovation and customer satisfaction has solidified its position as a market leader in the powersports industry.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has launched its CSR25 program, aiming to elevate its corporate social responsibility initiatives with ambitious environmental targets. The program focuses on three key areas: Environment, Social, and Governance. Key goals include reducing the carbon footprint by electrifying product lines with a $300 million investment over five years, achieving carbon-neutral facilities by 2030, and investing 1% of pre-tax profits in community support. BRP aims to set industry standards while fostering inclusivity through its Diversity, Equity, and Inclusion efforts.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced a substantial issuer bid to purchase up to $250 million of its subordinate voting shares. The offer, structured as a modified Dutch auction, allows shareholders to tender shares at specified prices between $103 and $123 per share. No minimum number of shares is required for the offer to proceed, and shares not purchased will be returned. The company plans to issue formal offer documents shortly, which will detail terms and conditions. Key shareholders intend to maintain their ownership proportion.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has announced the return of the Can-Am brand to motorcycles with a fully electric product line, commemorating its 50th anniversary. The launch is aimed at capturing the evolving motorcycle market focused on electric vehicles. New models cater to various riders, promising functionality for commuting and recreational use. Expected availability is in mid-2024, with the initiative positioned to bolster BRP's market strength and fulfill customer demand.
BRP Inc. (TSX: DOO) announced strong FY22 Q4 financial results, with revenues of $2,347.5 million, up 29.3% year-over-year. Normalized diluted EPS reached $3.00, rising by 84.0% for the full year with record annual revenues of $7,647.9 million. The company expects FY23 revenues to grow 24% to 29% and normalized EPS to increase 8% to 12%. Expansion includes a new facility in Mexico and a return to electric motorcycles by mid-2024. Shareholder returns totaled $726 million through buybacks and dividends.
BRP Inc. (DOOO) will hold its fourth quarter FY22 financial results conference call on March 25, 2022, at 9 a.m. (EDT). The press release will be available on newswires at approximately 6 a.m. (EDT) on the same day, detailing the financial results. José Boisjoli, President and CEO, and Sébastien Martel, CFO, will discuss the results during the call. Interested parties can access the event via a toll-free call or a webcast. BRP is a leader in powersports with annual sales of CA$6 billion and operations in over 130 countries.
BRP announces the creation of nearly 200 new jobs at its Manitou manufacturing plant in Michigan, effectively doubling its workforce in the state. Construction will begin in April to expand the Manitou pontoon boat plant in Lansing and add manufacturing capacity in St. Johns. The company is receiving performance-based training credits and grants from local partners, enhancing its workforce development support. BRP aims to leverage Michigan's skilled workforce to meet the growing demand for its marine products.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will announce its fourth quarter financial results for FY22 on March 25, 2022, around 6 a.m. (EDT). The conference call featuring CEO José Boisjoli and CFO Sébastien Martel is set for 9 a.m. (EDT). Investors can join via telephone or webcast. BRP has a strong presence in the powersports sector, generating annual sales of CA$6.0 billion and employing over 14,500 people worldwide.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has launched the fifth generation of its REV platform, marking 20 years of innovation in riding experience. The new REV Gen5 features a sophisticated design for deep snow and trail riders, including a powerful 2-stroke turbo engine and advanced connectivity options. New models such as the Neo and Neo+ are introduced for beginners and youth, starting at $6,399 USD. The 2023 Ski-Doo lineup emphasizes ease of use, performance, and family-friendly options, with annual sales reaching CA$6 billion and a focus on enhancing the snowmobiling experience.
BRP's Lynx brand has unveiled the Shredder deep snow snowmobiles, featuring the new Radien2 platform, enhancing agility and control. The Shredder offers an optional powerful 2-stroke turbocharged engine with 180 hp and a 10.25" Color Touch Screen Display for connectivity. In North America, two new crossover models, Xterrain RE and Xterrain Brutal, were introduced. The 40th anniversary of the GLX 5900 model is celebrated with a limited edition Commander GLX 5900 in Europe, alongside new youth models Rave 120 and Rave 200 for the next generation.
On February 14, 2022, BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced record demand for its Can-Am Off-Road vehicles, emphasizing ongoing investments in innovation and product development. The new 2022 Can-Am Defender 6x6 Limited enhances comfort with a fully enclosed cab and auto climate control while maintaining an impressive towing capacity of 3,000 lbs. The lineup also introduces the Defender MAX Lone Star CAB, featuring climate control and premium JL Audio Roof. The MY22 collection showcases a complete offering for all riders, reinforcing the brand’s strong momentum.
FAQ
What is the current stock price of BRP Common Subordinate Voting Shares (DOOO)?
What is the market cap of BRP Common Subordinate Voting Shares (DOOO)?
What does BRP Inc. do?
Where is BRP Inc. headquartered?
What are some of BRP's key brands?
How many countries are BRP's products distributed in?
What recent financial performance has BRP reported?
What new products has BRP recently introduced?
How many employees does BRP have?
What is BRP's commitment to sustainability?
How can shareholders participate in BRP's annual meeting?
Who founded BRP Inc. and when?
