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BRP Inc - DOOO STOCK NEWS

Welcome to our dedicated news page for BRP (Ticker: DOOO), a resource for investors and traders seeking the latest updates and insights on BRP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BRP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BRP's position in the market.

News
BRP AND ITS PRINCIPAL SHAREHOLDER ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED SECONDARY OFFERING
Rhea-AI Summary
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.
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End-of-Day
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BRP and its Principal Shareholder Announce Bought Deal Secondary Offering
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.03%
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BRP PRESENTS ITS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.42%
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earnings
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/R E P E A T -- BRP TO PRESENT ITS FOURTH QUARTER RESULTS FOR FISCAL YEAR 2024/
Rhea-AI Summary
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).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
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conferences earnings
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BRP TO PRESENT ITS FOURTH QUARTER RESULTS FOR FISCAL YEAR 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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conferences earnings
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BRP CLOSED OUT 2023 WITH A FLURRY OF DESIGN AWARDS FROM GOOD DESIGN USA
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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BRP ELEVATES WINTER EXPERIENCES WITH 2025 SNOWMOBILE LINEUP AND ADDS TWO MORE ELECTRIC POWERED MODELS
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
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Two Generations of Can-Am Maverick Win at the 2024 Can-Am UTV King of the Hammers Championship
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
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News
BRP AND ITS PRINCIPAL SHAREHOLDER ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED SECONDARY OFFERING
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
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BRP ANNOUNCES AMENDMENT AND EXTENSION OF ITS TERM FACILITY
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
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BRP Inc

Nasdaq:DOOO

DOOO Rankings

#1160 Ranked by Market Cap
#1944 Ranked by Stock Gains
#1861 Ranked by Dividends

DOOO Stock Data

5.27B
33.61M
2.9%
71.87%
2.68%
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About DOOO

brp (tsx:doo) est un chef de file mondial dans la conception, le développement, la fabrication, la distribution et la commercialisation de véhicules de sports motorisés. depuis l’obtention du premier brevet en 1937 par notre fondateur joseph-armand bombardier, nos 7 600 employés continuent à innover, afin de proposer des produits et services avant-gardistes. distribuée dans 107 pays, notre gamme de marques et de produits comprend : les motoneiges ski-doo et lynx, les motomarines sea-doo, les véhicules tout-terrains et les véhicules côte à côte can-am, les roadsters spyder, les moteurs hors-bord evinrude et les systèmes de propulsion rotax. brp (tsx:doo) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. since our founder joseph-armand bombardier obtained his first patent in 1937, our 7,600 employees continuously innovate, in order to offer products and cutting-edge services. distributed in 107 countries, our brands and pr