Brp Inc Stock Price, News & Analysis

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.