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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.
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BRP Inc. reported FY24 Q4 revenues of $2,691.8 million, a decrease of 12.5% from the previous year, with net income down by 48.5%. The company increased its quarterly dividend by 17%. For the full fiscal year, revenues reached a record high of $10,367.0 million, with net income decreasing by 14.0%. BRP plans to maintain market share growth in the Powersports industry for FY25.
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BRP Inc. (DOOO) will hold its Q4 FY24 financial results conference call on March 28, 2024. José Boisjoli and Sébastien Martel will present the results and address analyst questions. The press release will be distributed on March 28 at 6 a.m. (EDT).
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BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will announce its fourth quarter FY24 financial results on March 28, 2024. José Boisjoli, President, and CEO, along with Sébastien Martel, CFO, will discuss the results and answer analyst questions.
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BRP Inc. (DOOO) wins five Good Design USA awards for innovative powersports products, capping a successful year with 12 international design accolades. Products like Advex helmet, Sea-Doo Explorer Pro, Manitou Cruise, Lynx Shredder, and Ski-Doo MXZ X-RS showcase the company's commitment to innovation and excellence.
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BRP Inc. (DOOO) unveils industry-leading snowmobile lineup for 2025 with specialized enhancements and new electric models. Ski-Doo introduces innovative features like RAS RX front suspension and Pilot RX ski. The Summit X, Summit X with Expert package, and Freeride models get specialized upgrades for better rider experience. MXZ 120 and 200, MXZ, and Summit Neo models also continue to be offered, catering to a wide range of riders.
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Can-Am Factory Racers Kyle Chaney and Phil Blurton achieved outstanding results at the 2024 Ultra 4 King of the Hammers, with Chaney winning the UTV Hammers Championship overall and UTV Pro Mod class, and Blurton finishing second in the UTV Pro Mod Class and third in the UTV overall. The victory marks Chaney's fourth time winning the overall and the fifth consecutive year Can-Am has led the race. The Can-Am Factory Racing Team showcased the capability and versatility of both the new Maverick R platform and legendary Maverick X3 platform, proving their racing prowess on the challenging course. The team will be back in action at the 2024 San Felipe 250 on Saturday, March 23, 2024.
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BRP Inc. announced the closing of a bought deal secondary offering, with Bain Capital Integral Investors II, L.P. selling 2,000,000 subordinate voting shares at a price of C$91.00 per share. The net proceeds went directly to the Selling Shareholder, with BRP not receiving any proceeds from the Offering. Upon closing, Bain held 13,796,615 multiple voting shares of BRP, representing approximately 18.3% of the issued and outstanding shares of the Company and approximately 29.9% of the voting power attached to all of the shares. The Subordinate Voting Shares are listed on the Toronto Stock Exchange (TSX) and Nasdaq Global Select Market (NASDAQ) under the symbol 'DOO' and 'DOOO', respectively.
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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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FAQ
What is the current stock price of Brp (DOOO)?
The current stock price of Brp (DOOO) is $40.92 as of February 21, 2025.
What is the market cap of Brp (DOOO)?
The market cap of Brp (DOOO) is approximately 3.7B.
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.
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