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 its upcoming second quarter FY25 financial results conference call, scheduled for Friday, September 6, 2024, at 9 am EDT. The company's President and CEO, José Boisjoli, along with CFO Sébastien Martel, will present the results and address analysts' questions. The press release detailing the results will be distributed earlier that day at approximately 6 a.m. EDT.
Investors and analysts can join the call via telephone or webcast, with international dial-in numbers available. While business media can listen in, they won't be allowed to ask questions. An archived recording of the call will be accessible for 30 days following the original broadcast.
Can-Am, a brand of BRP Inc. (TSX:DOO) (NASDAQ:DOOO), has unveiled its 2025 lineup of ATVs and SSVs, featuring the all-new Outlander 850/1000R and Maverick R Max. The Outlander 1000R boasts industry-leading 101 hp, while the 850 model offers 82 hp. Both feature improved suspension, handling, and design. The Maverick R Max introduces a four-seat configuration for the high-performance SSV. Key improvements include:
- New Rotax engines with increased horsepower
- Enhanced suspension travel and ground clearance
- Upgraded transmission and braking systems
- Improved design with LED lights and increased storage
- Advanced technology features, including a 10.25" touchscreen display
The Outlander lineup includes various configurations, while the Maverick R Max offers four model options. These vehicles cater to diverse rider needs, from work to recreation and high-performance off-roading.
Can-Am, a brand of BRP Inc. (TSX: DOO) (NASDAQ: DOOO), unveils its 2025 lineup, featuring the all-new Can-Am Canyon 3-wheel vehicle. This rugged, adventure-ready model boasts higher ground clearance, longer suspension travel, and all-road wheels, designed for diverse terrains. Available in three trims (Standard, XT, Redrock), the Canyon offers a 115-horsepower Rotax ACE 1330 cc engine, six-speed semi-automatic transmission, and advanced features like a 10.25-inch touchscreen with Apple CarPlay.
The 2025 lineup also includes updates to the Can-Am Spyder and Ryker models, with new color options, backup camera availability, and enhanced tires. The Ryker line introduces four new panel kit colors for increased customization options.
BRP Inc.'s (TSX: DOO) (NASDAQ: DOOO) brands Sea-Doo and Alumacraft are enhancing their fishing-focused product lines for 2025. Sea-Doo introduces the FishPro Apex personal watercraft and Switch Fish pontoon, while Alumacraft unveils redesigned Trophy and Competitor models. The FishPro Apex, a one-year production run, features a 300 hp engine, 9-inch Garmin fish finder GPS, and various fishing-specific amenities. The Switch Fish pontoon, available in 18- and 21-foot lengths, offers Garmin fish finders, a bow-mounted trolling motor, and ample storage. Alumacraft's new models boast the durable 2XB hull, redesigned consoles, and innovative X-Pods for enhanced storage and deck space.
Can-Am, a brand of BRP Inc. (TSX: DOO) (NASDAQ: DOOO), has announced the launch of its 2025 Can-Am Pulse and Can-Am Origin all-electric motorcycle lineup. These models feature BRP's proprietary Rotax E-Power technology, offering instant torque and a liquid-cooled system for optimal performance. Key features include:
- Quick charging: 20% to 80% in 50 minutes using Level 2 charging
- 10.25-inch touchscreen display with Apple CarPlay
- BRP GO! App connectivity
- Active ReGen system for enhanced control and battery efficiency
- Multiple riding modes
- Estimated city range: up to 160 km (100 miles) for Pulse, 145 km (90 miles) for Origin
Pre-orders are now available in select countries, with production starting in Q4 2024 and global deliveries in early 2025.
Sea-Doo, a brand under BRP, emphasized the importance of safety during the peak North American summer boating season.
With the National Marine Manufacturers Association estimating 100 million people boating this year, Sea-Doo promotes its Responsible Rider Program to ensure safety and environmental consciousness.
Key safety tips include wearing proper-fitting life jackets and neoprene shorts, attaching a safety lanyard before starting the engine, maintaining a safe distance from other vessels, observing speed regulations, and understanding the PWC's braking system.
The company aims to educate and build a community of responsible riders, ensuring positive experiences and the longevity of the sport.
On May 31, 2024, BRP held its annual shareholder meeting virtually. Key outcomes included the election of all director nominees listed in the company's proxy circular dated April 25, 2024. The voting results were overwhelmingly in favor of the nominees, with Élaine Beaudoin, José Boisjoli, Ernesto M. Hernández, Katherine Kountze, Nicholas Nomicos, Michael Ross, and Barbara Samardzich each receiving over 99% of the votes cast. Changes to the Board committees were also announced. Michael Ross replaced Nicholas Nomicos as Chair of the Audit Committee, effective May 1, 2024.
BRP Inc. (NASDAQ: DOOO) reported its Q1 FY2025 results on May 31, 2024. Revenues fell by 16.4% year-over-year to $2,031.7 million. The company recorded a net loss of $7.4 million, a sharp decline from a profit of $154.5 million last year. Normalized EBITDA decreased by 34.4% to $247.2 million. Normalized diluted earnings per share dropped to $0.95 from $2.38, while diluted loss per share was $0.10, a decrease from earnings of $1.92 per share last year. Despite strong retail performance in the Can-Am SSV segment, BRP adjusted its full-year guidance, forecasting revenues between $8.6 to $8.9 billion and normalized diluted EPS between $6.00 and $7.00. The company anticipates further pressure on dealer profitability due to macroeconomic challenges, competitive dynamics, and high interest rates.
BRP (TSX: DOO, NASDAQ: DOOO) will present its Q1 FY2025 financial results on May 31, 2024, followed by its Annual Meeting of Shareholders. CEO José Boisjoli and CFO Sébastien Martel will address analysts' questions during a conference call at 9 a.m. EDT and later discuss the fiscal year results in the shareholders' meeting at 11 a.m. EDT.
The Q1 results press release will be available on newswires at 6 a.m. EDT. Investors and analysts can join via a toll-free number or access the webcast online. Shareholders are encouraged to vote in advance. The annual meeting will be completely virtual, with French and English interpretation available. Questions can be submitted in advance or during the meeting.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will present its first quarter fiscal year 2025 results on May 31, 2024, followed by its Annual Meeting of Shareholders. José Boisjoli and Sébastien Martel will discuss the results, answering analyst questions. The press release will be distributed on newswires at 6 a.m. (EDT). The shareholders meeting will be virtual with live webcasts, allowing everyone to attend. Voting and questions can be submitted in advance. The webcast will be available on BRP's website for 30 days.
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?
