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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 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.
BRP announced the launch of the 2022 Alumacraft Pro Series bass boats, designed to enhance fishing experiences. Key features include improved ergonomic seating, larger storage compartments, and vibrant color options. The Pro Series provides more value with spacious decks and excellent stability for anglers of all experience levels. Notably, bow deck storage has been redesigned to accommodate longer rods, while overall storage has increased by 25%. With a focus on comfort and durability, these boats aim to deliver an exceptional on-water experience.
BRP's Can-Am On-Road brand is experiencing significant growth, highlighting its appeal to diverse customer bases. In North America, over 50% of Can-Am Ryker owners are new to the market, with 33% being female and 49% from diverse communities. The introduction of the 2022 Can-Am Ryker Rally and other innovative models aims to enhance the riding experience. BRP is committed to empowering riders through education and community programs. With annual sales reaching CA$6.0 billion, BRP continues to innovate in the powersports industry.
BRP (TSX: DOO) (NASDAQ: DOOO) announces its 2022 Can-Am Off-Road vehicle lineup, featuring innovative enhancements to improve the rider experience. The brand introduces a groundbreaking 200hp engine in the Maverick X3, along with new Rotax engines HD7 and HD9, promising significant power increases. Enhanced features include advanced suspension, superior traction with the Visco-4Lok system, and a robust design for varying terrains. This release highlights BRP's commitment to performance and growing market demand, appealing to riders of all skill levels.
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