Brp Inc Stock Price, News & Analysis

BRP-Rotax has launched its new Rotax 916iS/c aircraft propulsion system, debuting at the SUN 'n FUN Aerospace Expo in Lakeland, Florida. Weighing only 85.8 kg and delivering 160 hp, this new engine boasts a remarkable power-to-weight ratio, targeting the four-seater and high-performance two-seater market segments. It features multi-fuel technology compatible with MOGAS and AVGAS, and fully electronic technology for enhanced efficiency. With a TBO of 2,000 hours at launch, the 916iS/c aims to elevate the flight experience for commercial pilots and flight schools. It will be introduced in Europe at AERO Friedrichshafen from April 19 to 22, 2023.

BRP Inc. (NASDAQ: DOOO) has announced the winners of its 5th International Design Competition, showcasing innovative solutions for sustainable urban mobility. The contest involved 42 students from 6 universities, focusing on designing alternative personal transportation devices suitable for cold climates. Madilynn Cadaret from the College for Creative Studies, Detroit, won first place for her autonomous vehicle concept, earning a six-month paid internship at BRP. The competition, now endorsed by the World Design Organization, emphasizes BRP's commitment to fostering design talent and aligns with the United Nations Sustainable Development Goals.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) reported record revenues of $3,076.3 million for FY23 Q4, marking a 31% increase year-over-year. Full-year revenues reached an all-time high of $10,033.4 million. Normalized diluted earnings per share rose by 28% to $3.85, while diluted earnings per share surged 82% to $4.54. The company gained over 5 percentage points market share in North American Powersports. For FY24, BRP anticipates 9% to 12% revenue growth and estimated normalized EPS of $12.25 to $12.75.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) has announced a partnership with the Born This Way Foundation to support the #BeKind365 initiative, promoting acts of kindness throughout the year. This initiative is part of BRP's Ride Out Intimidation program and aims to foster a kinder world while addressing mental health issues linked to kindness. BRP has committed nearly CAD $2 million to community investments since the program's launch. The company is focused on engaging its network, including employees and suppliers, to participate in this initiative, emphasizing its commitment to Corporate Social Responsibility by planning to invest 1% of annual profits in community causes by 2025.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) is set to hold its fourth quarter FY23 financial results conference call on Thursday, March 23, 2023, at 9 a.m. (EST). The press release revealing the financial results will be distributed at approximately 6 a.m. (EST) on the same day. José Boisjoli, President and CEO, alongside CFO Sébastien Martel, will present the results and address analyst questions. BRP is a global leader in powersports, with annual sales of CA$7.6 billion, operating in over 120 countries with a workforce of nearly 20,000. The event will be accessible via telephone and an online webcast, with an archived recording available later.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) will host its fourth quarter FY23 financial results conference call on March 23, 2023, at 9 a.m. (EST), following the distribution of results at 6 a.m. (EST). The call will feature CEO José Boisjoli and CFO Sébastien Martel addressing questions from analysts. Investors can join via a toll-free number or through a webcast, with an archived recording available for 30 days post-event. BRP specializes in powersports products with annual sales of CA$7.6 billion and a global workforce of about 20,000 people, offering brands such as Ski-Doo, Sea-Doo, and Can-Am.

On March 8, 2023, BRP Inc. (TSX: DOO; NASDAQ: DOOO) launched the Get in the Driver's Seat initiative, celebrating women in powersports and marine sectors. This program aims to empower women by amplifying their voices and supporting their presence in the industry. For every signature collected in support of the initiative, BRP will donate CAD 1, up to CAD 50,000, to organizations dedicated to women's advancement, including the Canadian Women’s Foundation and Dress for Success Sydney. This initiative underscores BRP's commitment to diversity and inclusion, highlighting the importance of community support in driving change.

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.