Brp Inc - DOOO STOCK NEWS

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.

BRP Inc. announces that its annual general meeting of shareholders will be held on May 31, 2024, conducted by live webcast. Shareholders can vote in advance or virtually during the Meeting. Voting results will be reported on SEDAR+. Questions can be submitted in advance by email or during the Meeting through the online platform.

BRP Inc. and its principal shareholder announce the closing of a previously announced secondary offering, with Bain Capital Integral Investors II, L.P. selling 1,500,000 subordinate voting shares at a purchase price of C$92.90 per share, raising gross proceeds of C$139,350,000. The net proceeds went to the selling shareholder, not the company. BMO Capital Markets facilitated the offering, with no over-allotment option granted. Upon closing, Bain and its affiliates held 16.16% of BRP's issued shares and 27.19% of voting power.

BRP Inc. and its principal shareholder, Bain Capital Integral Investors II, L.P., announce a bought deal secondary offering with BMO Capital Markets. The offering involves the purchase of 1,500,000 subordinate voting shares at C$92.90 per share. Bain and its affiliates will reduce their multiple voting shares holdings post-offering. The Company will not receive any proceeds from the offering.