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) is set to release its third quarter FY2021 financial results on November 25, 2020, at 6 a.m. EST, followed by a conference call at 9 a.m. EST featuring CEO José Boisjoli and CFO Sébastien Martel. Media will have access to the call but will not participate in questioning. The financial results will highlight the company's performance amid challenges faced in the powersports market.
BRP Inc. (NASDAQ: DOOO) has scheduled its third quarter FY2021 financial results conference call for November 25, 2020, at 9 a.m. EST. José Boisjoli, President and CEO, along with CFO Sébastien Martel, will present the fiscal results and respond to analyst inquiries. The results will be released via newswires on the same day at approximately 6 a.m. EST. Interested parties can join the call or view a live webcast. BRP is a leader in powersports with a diverse product portfolio generating annual sales of CA$6.1 billion across over 120 countries.
BRP (TSX: DOO; NASDAQ: DOOO) and Arctic Cat have reached a global settlement resolving ongoing intellectual property disputes, leading to the dismissal of two active court cases in the US and Canada. This settlement includes disputes over rider-forward patents and Arctic Cat's snowmobiles with pyramidal frame designs. Following this agreement, Arctic Cat can immediately resume sales and delivery of its snowmobile lineup in Canada. Both companies commit to collaborate for the advancement of the snowmobile industry.
BRP announced the closing of a secondary offering where Bain Capital and other shareholders sold 2,000,000 subordinate voting shares at $75.45 each, totaling $150.9 million in gross proceeds. Bain offered 1,618,011 shares, while other shareholders sold 381,989 shares. Notably, BRP will not receive any proceeds from this offering. Post-offering, Bain holds about 18% of issued shares, equating to roughly 30.8% of voting power. The shares are listed on TSX and NASDAQ under symbols DOO and DOOO, respectively.
BRP's Can-Am On-Road brand is successfully attracting new, younger, and diverse riders, making it the top brand in the three-wheel market. Approximately 32% of Can-Am vehicle owners are female, and nearly 50% come from diverse backgrounds. The 2021 vehicle lineup, including the Ryker and Spyder models, offers innovative designs and increased accessibility for riders. Can-Am's programs, such as the Rider Education Program and Women's Mentorship Program, are designed to ease barriers for new riders, promoting inclusivity in the motorcycle industry.
BRP (TSX: DOO; NASDAQ: DOOO) has unveiled the Visco-4Lok system for its Can-Am Off-Road vehicles, enhancing traction for mud enthusiasts. This new system allows riders to lock all four wheels for maximum power and traction in challenging conditions. It's available on three 2021 models: Can-Am Outlander X mr 850, Outlander X mr 1000R, and Renegade X mr 1000R. Additionally, the 2021 Can-Am Defender PRO lineup introduces new packages, featuring industry-first climate-controlled cabs and enhanced cargo capabilities, catering to both recreational and work-related tasks.
BRP has announced a sponsorship deal with Quebec stock car driver Alex Labbé, who will receive financial and technical support from the Can-Am brand for his next four NASCAR Xfinity races. Labbé, currently ranked 17th in the series, aims to improve his performance with upgraded equipment. This partnership marks a return to their previous collaboration in 2016, showcasing BRP's commitment to supporting local talent in motorsports. Labbé expresses gratitude for the backing from BRP and other Quebec businesses, highlighting the financial challenges of competing at this level.
BRP has unveiled the 2021 Sea-Doo RXP-X 300, a high-performance watercraft that sheds 67 pounds for enhanced acceleration and handling. The new T3-R hull design provides greater stability at high speeds, appealing to both amateur and professional riders. Noteworthy upgrades include an innovative Intelligent Debris Free pump system, which simplifies maintenance by clearing debris with a button. Additionally, the newly designed seating configuration and an optional Bluetooth sound system enhance the riding experience, making it an ideal choice for thrill-seekers.
BRP Inc. (TSX:DOO; NASDAQ:DOOO) will host its second quarter FY2021 financial results conference call on August 27, 2020. José Boisjoli, President and CEO, along with CFO Sébastien Martel, will present the Q2 results and answer analyst questions at 9 a.m. (EDT). The earnings release will be available via Canadian and U.S. newswires at approximately 6 a.m. (EDT) on the same day. Investors can join via phone or the webcast with an archived recording accessible for 30 days post-event.
BRP Inc. (TSX:DOO; NASDAQ:DOOO) will announce its second quarter FY2021 financial results on August 27, 2020, at approximately 6 a.m. EDT. The conference call, led by CEO José Boisjoli and CFO Sébastien Martel, will discuss these results and answer analyst questions at 9 a.m. EDT. Investors can access the live webcast on the company's website. BRP is a leader in powersports with annual sales of CA$6.1 billion and a global workforce of 12,600 employees, offering a range of products including Ski-Doo and Can-Am vehicles.
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