Brp Inc Stock Price, News & Analysis

BRP Inc. (NASDAQ: DOOO) announces its annual general meeting of shareholders will take place virtually on June 1, 2023, at 11:00 a.m. EDT. This completely digital format allows all shareholders to participate equally, regardless of location. Registered shareholders and proxy holders are encouraged to vote in advance, with voting results to be shared post-meeting on SEDAR. For participation, shareholders can log in using a control number and password, while guests can listen in but cannot vote. Questions can be submitted in advance by email or during the meeting, with a deadline of May 30, 2023, at 11:00 a.m. EDT. A recording of the meeting will be available on the company's website following the event.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) has inaugurated its first European Design and Innovation Centre in Sophia Antipolis, France, on April 11, 2023. This Centre aims to enhance BRP's design and innovation capabilities, focusing on sustainable urban mobility and supporting the company's global electrification strategy. By 2035, BRP plans to sell electric models in all product lines, targeting 50% of total sales to be electric. The Centre will attract top design talent and foster local market understanding, which is crucial for better serving European consumers and partners. The team, led by Nicolas Deluy, comprises 15 experts and is expected to drive forward the company's technological transition under the CSR25 program.

On March 29, 2023, BRP Inc. (DOOO) announced new three-year partnerships with Tread Lightly! and RideSafe to enhance its Responsible Rider program. These organizations aim to promote responsible riding practices among enthusiasts. The partnerships include training on safety, environmental stewardship, and riding etiquette, accessible in multiple languages. BRP has invested CAD $1.5 million in related initiatives over the past year and is committed to its Corporate Social Responsibility (CSR25) goal of allocating 1% of annual pre-tax profits to support local and global causes by 2025. This initiative aligns with BRP's mission to create a positive impact in the community.

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.