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.
Rhea-AI Summary
BRP Inc. successfully amended and extended a substantial portion of its term loan facility, extending $1,000 million of debt maturities from 2027 to 2031. The company issued a new $1,000 million Term Loan B-3, bearing interest at a rate of 275 basis points over Term SOFR with a Term SOFR floor of 0.0% and maturing in January 2031. The proceeds from this loan were used to repay a portion of the original Term Loan B-1 due May 2027. The amount outstanding under the Term Loan B-1 decreases from $1,466 million to $466 million, with all other terms unchanged. The other Term Loan B-2 due 2029 remains unchanged, and all loans outstanding under the Term Loan B facility remain exempt of financial covenants. This amendment is part of the company's strategy to preserve a strong balance sheet and increase flexibility for long-term growth.
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BRP Inc. announces organizational changes in its Powersports and Marine groups, aiming to maximize efficiencies and operational excellence. The changes include combining the two groups under one leadership, appointing new executives, and refocusing key leaders' roles. The company aims to drive sustained profitable growth and deliver a compelling value proposition to its network of dealers and distributors. The changes are expected to position BRP for long-term growth and capitalize on the leaders' expertise.
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BRP Inc. (TSX: DOO) (NASDAQ: DOOO) celebrates 20 years of adventure, innovation, and growth, tripling its global market share, quadrupling revenues to over CAD 10 billion, and expanding from 7,500 to 23,000 employees in 26 countries. The company aims to reduce its carbon footprint and have 50% of its units sold as electric by 2035, while exploring new markets and strengthening its position in the marine industry.
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BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has announced the approval of the renewal of its normal course issuer bid (NCIB) to purchase for cancellation up to 3,231,999 subordinate voting shares over the twelve-month period starting on December 5, 2023, and ending no later than December 4, 2024. As of November 28, 2023, 33,487,275 subordinate voting shares were issued and outstanding. The Board of Directors believes that the purchase of its subordinate voting shares could represent an appropriate and desirable use of its available cash to increase shareholder value.
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BRP Inc. (TSX: DOO) (NASDAQ: DOOO) reported revenues of $2,467.8 million, a decrease of 8.9% compared to the same period last year. Normalized EBITDA was $444.9 million, down 8.8%. Normalized earnings per share – diluted was $3.06, a decrease of 15.9%, and earnings per share – diluted was $0.81, a decrease of 54.0%. North American quarterly retail sales were mixed, with an overall flat retail compared to the same period last year. Full year-end guidance for Normalized EPS – diluted was adjusted downward, now ranging from $11.10 to $11.35.
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BRP Inc. (DOO) to hold third quarter FY24 financial results conference call on November 30th, 2023. President and CEO José Boisjoli and CFO Sébastien Martel to present and address analyst questions.
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BRP Inc. (TSX: DOO) (NASDAQ: DOOO) to hold Q3 FY24 financial results conference call on November 30th, 2023. President and CEO José Boisjoli and CFO Sébastien Martel to present results and address questions from analysts. Webcast and dial-in details provided.
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BRP Inc. successfully reprices Term Loan B-2, reducing interest rate.
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Can-Am's factory racer Dustin Jones made history by winning the 2023 Silver State 300 race with the all-new Can-Am Maverick R, marking a successful racing debut for the platform. Can-Am racers also swept the podium in the UTV overall and UTV Turbo Pro class. The Maverick R and Maverick X3 platforms earned two wins and six podiums in their respective classes. This success demonstrates Can-Am's commitment to producing high-performance vehicles.
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BRP Inc. reports record second quarter with revenues of $2,778.0 million, up 14% compared to last year. North American Powersports retail sales grew by 41%, outperforming the industry. Normalized earnings per share increased by 9% to $3.21. Full year-end guidance for Normalized EPS increased by $0.10, now ranging from $12.35 to $12.85.
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FAQ
What is the current stock price of BRP Common Subordinate Voting Shares (DOOO)?
The current stock price of BRP Common Subordinate Voting Shares (DOOO) is $52.59 as of December 20, 2024.
What is the market cap of BRP Common Subordinate Voting Shares (DOOO)?
The market cap of BRP Common Subordinate Voting Shares (DOOO) is approximately 3.8B.
What does BRP Inc. do?
BRP Inc. designs, develops, manufactures, distributes, and markets powersports vehicles under brands like Ski-Doo, Sea-Doo, Can-Am, and Lynx.
Where is BRP Inc. headquartered?
BRP Inc. is headquartered in Quebec, Canada.
What are some of BRP's key brands?
BRP's key brands include Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am vehicles, Alumacraft and Quintrex boats, and Rotax engines.
How many countries are BRP's products distributed in?
BRP's products are distributed in more than 130 countries.
What recent financial performance has BRP reported?
For FY24 Q4, BRP reported net cash flows from operating activities totaling $1,658.1 million, a significant increase from the previous year.
What new products has BRP recently introduced?
BRP introduced the 2025 Ski-Doo and Lynx snowmobile lineups, featuring innovations like the RAS RX front suspension and new electric models.
How many employees does BRP have?
BRP employs approximately 23,000 people globally.
What is BRP's commitment to sustainability?
BRP is committed to reducing its carbon footprint by developing electric models and exploring new low-voltage and human-assisted product categories.
How can shareholders participate in BRP's annual meeting?
Shareholders can participate in BRP's annual meeting virtually on May 31, 2024, by logging in online with their control number.
Who founded BRP Inc. and when?
BRP Inc. was founded by Joseph-Armand Bombardier in 1937.
BRP Inc. Common Subordinate Voting Shares
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Recreational Vehicles
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United States of America
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