Welcome to our dedicated page for Brp news (Ticker: DOOO), a resource for investors and traders seeking the latest updates and insights on Brp 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) introduced the all-new Can-Am Outlander 700 & 500 and Outlander PRO HD7 & HD5 models on February 20, 2023. These mid-cc ATVs aim to enhance rider experience with improved performance, comfort, and storage, while remaining competitively priced. The models feature a new 650cc engine, class-leading power, and extensive towing capabilities. The design includes a tubular steel chassis and long suspension travel, offering up to 13" of ground clearance. With 125 accessory options, these ATVs cater to both recreational and utility riders, marking a significant launch for Can-Am.
BRP Inc. (TSX: DOO) has unveiled its 2024 lineup of Ski-Doo and Lynx snowmobiles, featuring an array of models catering to all riders, including newcomers and enthusiasts. Highlights include the new MXZ X-RS with an industry-first water injection system and the introduction of electric models: the Grand Touring Electric and Adventure Electric. The models are powered by proprietary Rotax E-Power technology, aimed at emissions-free experiences. The Lynx brand expands its Radien2 platform, enhancing ride comfort and performance. BRP aims to offer electric models across all product lines by 2026.
On February 20, 2023, BRP Inc. (TSX: DOO, NASDAQ: DOOO) announced multiple awards at the 2023 Discover Boating Miami International Boat Show. The all-new Rotax S outboard engine won both the Marine Power Innovation Awards and the National Marine Manufacturers Association Innovation Award. Additionally, the Sea-Doo Explorer Pro 170 received an NMMA Innovation Award in the personal watercraft category. For the 21st consecutive year, Manitou earned the Customer Satisfaction Index Award from NMMA, reflecting its commitment to customer experience. These accolades underscore BRP's focus on innovation and customer satisfaction.
BRP Inc. (TSX:DOO) announced that its Manitou pontoon boat Explore model was honored with the National Marine Manufacturers Association Innovation Award at the 2023 Minneapolis Boat Show. The award recognizes innovative marine products that stand out in design and consumer benefit. The Explore model features a modern design with customizable seating, a MAX Deck platform providing extra space, and is powered by the groundbreaking Rotax S outboard engine with Stealth Technology. This design aims to enhance the boating experience and meet the expectations of modern consumers.
BRP Inc. (TSX: DOO) has announced the construction of a new boat manufacturing plant in Chihuahua City, Mexico, as part of its Marine strategy. This facility aims to enhance manufacturing capacity to meet growing demand for their Marine products. The CA$220 million investment is expected to create up to 1,300 jobs, in addition to the existing 2,500 roles within the Marine Group. Production is set to begin in early 2025, optimizing BRP's global manufacturing footprint, including facilities in the U.S. and Australia. This strategic move aligns with the company's goal to drive innovation and market share in the Marine sector by 2025.
Can-Am, a brand of BRP (DOOO), achieved remarkable success at the Dakar Rally, securing its sixth consecutive win. Austin Jones became the youngest back-to-back champion in the T3 Lightweight Prototype class, finishing the grueling 8,500 km race in 51:55.53. In the T4 Modified Production class, Eryk Goczal made history as the youngest winner at just 18 years old, with a total time of 53:10.14. The Red Bull Can-Am Factory Team showcased exceptional performance, earning 25 of 26 cars in the race. This victory reflects Can-Am's continued dominance in off-road racing.
BRP's Sea-Doo Switch pontoon has been awarded "Boat of the Year" by Boating Magazine, recognizing its innovation in recreational boating. This accolade highlights BRP's commitment to making boating accessible and enjoyable for families. The Sea-Doo Switch is designed for first-time boaters, featuring easy operation, customizable configurations, and a range of power options from 130hp to 230hp. The award emphasizes its practicality, adaptability, and fun appeal, aimed at transforming the boating experience for a wider audience.
BRP (TSX: DOO) (NASDAQ: DOOO) announced an incremental US$500 million term loan to enhance its financial stability and support ongoing growth. The funds will repay an existing US$100 million term loan due in 2024 and reduce the drawn balance of its revolving credit facility. This loan, maturing on December 13, 2029, carries an interest rate of Term SOFR plus 3.50%. Following three strategic acquisitions, the company aims to strengthen its balance sheet and extend the maturity profile of its capital structure.
BRP (TSX: DOO) (NASDAQ: DOOO) announces a partnership with Red Bull to form the Red Bull Can-Am Factory Team, aimed at enhancing off-road racing. This multi-year collaboration will also evolve the Red Bull Off-Road Junior Team to nurture the next generation of racers. The new team will debut at the 2023 Dakar Rally, featuring elite drivers such as Seth Quintero and AJ Jones. The initiative focuses on mentoring young talent in various racing disciplines and advancing the sport globally.
FAQ
What is the current stock price of Brp (DOOO)?
What is the market cap of Brp (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?
