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 announced the expansion of its design capabilities with a new Design Studio in Sophia-Antipolis, France, set to open in December 2022. This facility will focus on sustainable mobility concepts and will enhance collaboration with BRP's European partners. The location was chosen for its vibrant culture and ideal climate, which will foster innovation. The studio aims to diversify the workforce and attract top design talent, reinforcing design and innovation as core elements of BRP's growth strategy.
The Can-Am Off-Road brand at BRP (TSX: DOO) (NASDAQ: DOOO) has achieved significant success at the 2022 Dakar Rally, securing its fifth consecutive championship. Can-Am racers dominated both the T4 and T3 categories, with the top 17 finishers in the T4 category driving Can-Am vehicles. Austin Jones and navigator Gustavo Gugelmin won the T4 category, while Francisco Lopez topped the T3 category. The event covered 5,200 miles through challenging terrain, highlighting the performance and reliability of Can-Am's Maverick X3. This victory solidifies Can-Am's position as a leader in off-road racing.
BRP Inc. (TSX:DOO, NASDAQ:DOOO) announced the renewal of its normal course issuer bid (NCIB) for purchasing up to 3,787,945 subordinate voting shares over the next 12 months, starting December 3, 2021. This represents approximately 10% of its public float. The purchases will be conducted on the Toronto Stock Exchange, allowing BRP to acquire a maximum of 59,716 shares daily. The previous NCIB saw BRP buy 4,278,028 shares at an average price of $93.65. This initiative aims to enhance shareholder value.
BRP reported Q3 revenues of $1,588.0 million, down 5.2% due to supply chain disruptions, while nine-month revenues reached $5,300.4 million, up 28.1%. Net income for Q3 was $127.7 million or $1.53 per share, with normalized EPS down 30.5% for the quarter but up 95% YTD. Market share increased in North American Powersports despite 20% retail sales decline. The company raised its normalized EPS guidance to $9.00 to $9.75, reflecting robust profitability. The share repurchase program allows buybacks of 3.8 million shares.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its third quarter FY22 financial results conference call on Wednesday, December 1, 2021, at 9 a.m. (EST). CEO José Boisjoli and CFO Sébastien Martel will discuss the results and answer analyst questions. The press release detailing the financial results will be distributed at approximately 6 a.m. (EST) on the same day. The call is accessible via telephone and webcast, with an archived recording available for 30 days post-event.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its third quarter FY22 financial results conference call on December 1, 2021, at 9 a.m. (EST). José Boisjoli, President and CEO, and Sébastien Martel, CFO, will present results and answer analysts' questions. The press release detailing the third quarter results will be distributed at approximately 6 a.m. (EST) on the same day. BRP, a leading global powersports vehicle manufacturer, reported annual sales of CA$6.0 billion and employs over 14,500 people globally.
On October 4, 2021, BRP Inc. (TSX: DOO, NASDAQ: DOOO) CEO José Boisjoli exercised stock options to acquire subordinate voting shares and sold 1,041,525 shares through an investment dealer. This sale represents about one-third of Boisjoli's total equity in BRP. He intends to use the proceeds primarily for investment diversification. BRP, a leader in powersports vehicles and with annual sales of CA$6 billion, continues to focus on consumer-driven innovation and has a workforce of over 14,500 globally.
BRP Inc. (TSX: DOO) reported Q2 2021 revenues of $1,904 million, a 54% increase year-over-year. Net income reached $213 million, with diluted EPS of $2.46 and normalized diluted EPS of $2.89, up 154% compared to last year. Despite a 19% decline in North American Powersports retail sales due to product availability issues, guidance for normalized EPS in FY22 was raised to a range of $8.25 to $9.75, signaling anticipated growth of 53% to 81%. The company returned $350 million to shareholders through a substantial issuer bid.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will announce its second quarter FY22 financial results on September 2, 2021, through a conference call at 9 a.m. EDT. This call will feature José Boisjoli, President and CEO, along with CFO Sébastien Martel, discussing the company's performance and answering analyst questions. The results will be distributed at approximately 6 a.m. EDT on the same date.
BRP has annual sales of CA$6 billion and operates in over 130 countries, employing over 14,500 individuals.
BRP has unveiled the 2022 Manitou pontoon boat lineup, enhancing luxury and performance with models capable of up to 900 horsepower. The new features include advanced V-Toon Technology for improved handling and safety, optional Mercury VesselView display, and redesigned color schemes. The Aurora LE model now offers premium packages with added lighting and sound systems, making it a standout for family leisure. With a strong focus on innovation, BRP aims to enhance on-water experiences for families.
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?
