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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 Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its fourth quarter FY2021 financial results conference call on March 25, 2021, at 9 a.m. EDT. The results will be released earlier that day, around 6 a.m. EDT. José Boisjoli, CEO, and Sébastien Martel, CFO, will lead the call, addressing analyst questions. The company, a leader in powersports and recreational vehicles, reported annual sales of CA$6.1 billion from over 120 countries and employs around 12,600 people. A webcast will be available for interested participants, with an archived recording accessible for 30 days post-event.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) reported strong FY21 Q4 results, with revenues of $1,815.1 million, a 12.3% increase year-over-year. Normalized diluted earnings per share soared to $1.82, up 61% from the previous year. For FY21, total revenues were $5,952.9 million, reflecting a 1.6% decline primarily due to operational disruptions from COVID-19. Despite this, the company anticipates robust growth for FY22, projecting total revenue growth of 25% to 30% and normalized EPS expectations between $7.25 to $8.00.
BRP (TSX: DOO) (NASDAQ: DOOO) announced a strategic plan to invest $300 million over five years to electrify its product lines by the end of 2026. The initial electric model is expected to launch within two years, with subsequent rapid rollouts. BRP is developing its in-house Rotax modular electric powerpack technology and has established an Electric Vehicle Development Centre in Canada, focusing on battery and charger integration. A second development pole in Austria will concentrate on electric motor technology. The company is actively recruiting experts for this initiative.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will announce its fourth quarter FY2021 financial results on March 25, 2021, at 6 a.m. EDT. José Boisjoli, CEO, and Sébastien Martel, CFO, will lead a conference call at 9 a.m. EDT to discuss the results and answer analyst questions. Media can join but cannot ask questions. An archived recording will be available for 30 days post-event. BRP is a global powersports leader with annual sales of CA$6.1 billion, offering products like Ski-Doo snowmobiles and Sea-Doo watercraft.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will announce its fourth quarter FY2021 financial results on March 25, 2021, at 6 a.m. EDT. The conference call, led by CEO José Boisjoli and CFO Sébastien Martel, will take place at 9 a.m. EDT, allowing analysts to pose questions. Investors can access the call via telephone or webcast, with a recording available after the event. BRP, a leading powersports manufacturer with annual sales of CA$6.1 billion and a workforce of approximately 12,600, emphasizes its commitment to consumer focus and innovation.
BRP Inc. (TSX: DOO) will announce its fourth quarter FY2021 financial results during a conference call scheduled for March 25, 2021, at 9 a.m. EDT. The results will be disseminated via Canadian and American newswires at 6 a.m. EDT on the same day. CEO José Boisjoli and CFO Sébastien Martel will present the results and answer analyst questions. The call will also be available for live streaming, with an archived recording accessible for 30 days post-event. BRP is a leading powersports vehicle manufacturer with annual sales of CA$6.1 billion.
BRP has unveiled the redesigned 2021 Can-Am Commander, emphasizing its versatility for both recreation and work. Featuring a powerful Rotax 1000R engine with 100hp, improved suspension, and enhanced comfort, the vehicle is designed for rugged terrains. It boasts a 2,000lbs towing capacity and a large dump cargo box. With over 150 accessories available, customization options cater to diverse needs. The launch marks a decade since the original Commander, enhancing BRP's status in the off-road vehicle market with annual sales of CA$6.1 billion.
BRP (TSX: DOO) (NASDAQ: DOOO) is set to introduce its Lynx snowmobiles to North America, marking the debut of a new sled brand in decades. The company will launch two high-end models, the Lynx RAVE RE and Lynx Boondocker DS, aimed at advanced riders seeking an exhilarating Nordic riding experience. This strategic move broadens BRP's market offerings in the snowmobile segment and targets core enthusiasts eager for innovative riding styles. Both models will be available for purchase this spring at select dealers.
BRP (TSX: DOO) has unveiled its 2022 Ski-Doo model lineup, showcasing significant innovations like the Smart-Shox semi-active suspension system for enhanced handling and two new powerful Rotax 4-stroke turbo engine options, including a record 180hp engine. These advancements cater to a growing audience of snowmobiling enthusiasts, promoting a better riding experience. The lineup also features the return of the iconic Mach Z muscle sled. With annual sales of CA$6.1 billion, BRP emphasizes its commitment to innovation and customer satisfaction in the powersports industry.
On February 16, 2021, BRP (TSX: DOO, NASDAQ: DOOO) announced a successful refinancing of its term loan facility. The company increased its Term Loan B-1 from US$1,208 million to US$1,508 million, thereby repaying its US$600 million Term Loan B-2. This refinancing reduces average interest rates, lowering expenses and improving liquidity. Moody's upgraded BRP's corporate family rating from B1 to Ba3, highlighting enhanced balance sheet strength. This initiative positions BRP for future growth and value creation for shareholders.
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