Brp Inc Stock Price, News & Analysis

BRP Inc. (TSX: DOO; NASDAQ: DOOO) emphasizes its commitment to responsible riding within the snowmobiling community, as outlined in the latest press release. Key initiatives include the 'Take the Pledge' campaign encouraging responsible use of trails, avalanche awareness seminars from October 4 to November 30, and the Ski-Doo Snow P.A.S.S program which has funded over $881,000 CAD towards community projects. Scheduled educational efforts during the International Snowmobile Safety Week from January 14 to 22 further enhance rider safety and etiquette, shaping a sustainable future for the sport.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) has commenced construction on its first electric motorcycle manufacturing facility in Querétaro, Mexico. This facility will produce the Can-Am Origin and Can-Am Pulse models, with production expected to start by March 2024 and consumer deliveries planned for summer 2024. The plant aims to create 500 new jobs and follows LEED principles to ensure sustainability. BRP emphasizes its commitment to reducing its carbon footprint and fostering an inclusive work environment.

BRP Inc. (TSX:DOO) (NASDAQ:DOOO) has successfully acquired the powersports assets of Kongsberg Inc. in Shawinigan, Quebec. This strategic acquisition aligns with BRP's electrification strategy, enhancing its expertise in mechatronics and innovation capabilities. The company welcomes over 300 skilled employees from Kongsberg, further strengthening its workforce. With an annual revenue of CA$7.6 billion, BRP aims to leverage this acquisition to expand its product offerings and maintain its competitive edge in the powersports industry.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced two key appointments in its executive team on September 26, 2022. Stéphane Bilodeau will become Chief Information Officer effective October 11, tasked with enhancing the company's information technologies to align with its business transformation. Additionally, BRP has created a new business unit, the Low Voltage & Human Assisted Group (LVHA), led by Minh Thanh Tran, focusing on emerging product categories. The company is also pursuing new markets with potential worth over $70 billion, bolstered by recent acquisitions.

BRP Inc. (TSX: DOO) reported record revenues of $2,439 million for Q2, up 28% year-over-year. Normalized EBITDA reached $418 million, matching the previous year's record. Diluted EPS was $2.94, showing a 20% increase. The company announced an upward revision of its full-year revenue and EPS guidance, now expecting Normalized EPS of $11.30 to $11.65. New product launches and acquisitions signal strong market positions, despite the lingering impact of a cyberattack from August 2022.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) will announce its second quarter FY23 financial results in a conference call on September 14, 2022, at 9 a.m. EDT. The press release will be available on newswires at approximately 6 a.m. EDT the same day. CEO José Boisjoli and CFO Sébastien Martel will present the results and answer questions from analysts. This event will be accessible via webcast for media and investors. The company emphasizes that forward-looking statements are subject to uncertainties, which may impact actual results compared to projections.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) will announce its second quarter FY23 financial results on September 14, 2022, at 6 a.m. (EDT). CEO José Boisjoli and CFO Sébastien Martel will host a conference call at 9 a.m. (EDT) to discuss the results and address analyst questions. The press release will be available on newswires, and the conference can be accessed by phone or through a webcast. Forward-looking statements may include risks and uncertainties affecting future performance. Details can be found in the annual information form dated March 24, 2022.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has reported a cyberattack affecting employee information, with compromised credentials for staff using BRP computers for personal use. To safeguard employee data, the company has urged employees to change personal passwords and will offer credit monitoring services. The investigation is ongoing, but there is currently no evidence of impact on client personal information. BRP prioritizes mitigating the cyberattack's effects and is implementing measures to protect its systems and data integrity.