Brp Inc Stock Price, News & Analysis

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.

On August 23, 2022, BRP Inc. (TSX: DOO) (NASDAQ: DOOO) confirmed a data leak following a recent cyberattack. Unauthorized access to information of certain employees and suppliers was detected on the dark web, but BRP believes the impact on data privacy is limited. The company has contacted affected employees and is offering credit monitoring services. Currently, there is no evidence that client personal information has been compromised. BRP is conducting an ongoing investigation and will update stakeholders if circumstances change.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) is resuming operations following a cyberattack that limited its internal systems. Manufacturing sites in Valcourt, Rovaniemi, Sturtevant, and Gunskirchen will be fully operational by August 16, 2022, with other locations ramping up production throughout the week. The attack was traced to a third-party service provider, but there is currently no evidence of client data exposure. BRP has implemented a recovery plan and expects no impact on its year-end financial guidance.

On August 8, 2022, BRP Inc. (TSX:DOO) experienced a significant cybersecurity incident, prompting immediate containment measures. The company has engaged IT professionals and cybersecurity experts to secure its systems and investigate the breach. Operations are currently suspended, which may lead to delays in transactions with customers and suppliers. BRP cautions that the impact of this incident on future business is uncertain and may involve risks that could significantly differ from current expectations.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has entered into an agreement to acquire Kongsberg Automotive's Shawinigan operations, enhancing its powersports business. This acquisition aligns with BRP's electrification strategy and innovation goals, as it gains 300 skilled employees specializing in key components. The deal is expected to close by the end of Q3 fiscal 2023, subject to customary conditions. The acquisition will help BRP address supply chain challenges and optimize productivity, strengthening its position in the market.

BRP Inc. (TSX:DOO) announces the launch of its electric motorcycle lineup, featuring the Can-Am Origin and Can-Am Pulse, designed for versatile riding experiences both on and off-road. Additionally, the Sea-Doo Rise electric hydrofoil board is unveiled, aimed at democratizing hydrofoiling for all skill levels. All products will be available by mid-2024. CEO José Boisjoli emphasizes innovation and market expansion, highlighting the company's commitment to electrification and enhancing consumer experiences in the powersports sector.

BRP Inc. (TSX: DOO) unveils its 2023 powersports lineup, enhancing the rider experience across its Can-Am and Sea-Doo brands. The new offerings include three youth ATVs and updates to the full-size Outlander and Renegade models, with the Maverick X3 DS Turbo now boasting 135 HP. Can-Am three-wheel vehicles receive fresh styling and customization options. Additionally, Sea-Doo introduces the Explorer Pro 170 and RXP-X Apex 300 personal watercraft, focusing on adventure readiness and performance. BRP emphasizes fun and accessibility, aiming for an enriched consumer experience.

BRP Inc. (TSX:DOO) (NASDAQ:DOOO) has unveiled new 2023 models of Manitou, Alumacraft, and Quintrex boats, featuring the innovative Rotax Outboard Engine with Stealth Technology. This advanced engine, submerged for quiet operation, offers up to 20% better fuel efficiency and significantly reduces emissions. The redesigned boats prioritize space with a bold modern design and equipped with advanced features like a Garmin digital dashboard. BRP's commitment to transformation in the boating industry aims for a unique consumer experience that enhances value.