Brp Inc Stock Price, News & Analysis

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will announce its fourth quarter financial results for FY22 on March 25, 2022, around 6 a.m. (EDT). The conference call featuring CEO José Boisjoli and CFO Sébastien Martel is set for 9 a.m. (EDT). Investors can join via telephone or webcast. BRP has a strong presence in the powersports sector, generating annual sales of CA$6.0 billion and employing over 14,500 people worldwide.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has launched the fifth generation of its REV platform, marking 20 years of innovation in riding experience. The new REV Gen5 features a sophisticated design for deep snow and trail riders, including a powerful 2-stroke turbo engine and advanced connectivity options. New models such as the Neo and Neo+ are introduced for beginners and youth, starting at $6,399 USD. The 2023 Ski-Doo lineup emphasizes ease of use, performance, and family-friendly options, with annual sales reaching CA$6 billion and a focus on enhancing the snowmobiling experience.

BRP's Lynx brand has unveiled the Shredder deep snow snowmobiles, featuring the new Radien² platform, enhancing agility and control. The Shredder offers an optional powerful 2-stroke turbocharged engine with 180 hp and a 10.25" Color Touch Screen Display for connectivity. In North America, two new crossover models, Xterrain RE and Xterrain Brutal, were introduced. The 40^th anniversary of the GLX 5900 model is celebrated with a limited edition Commander GLX 5900 in Europe, alongside new youth models Rave 120 and Rave 200 for the next generation.

On February 14, 2022, BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced record demand for its Can-Am Off-Road vehicles, emphasizing ongoing investments in innovation and product development. The new 2022 Can-Am Defender 6x6 Limited enhances comfort with a fully enclosed cab and auto climate control while maintaining an impressive towing capacity of 3,000 lbs. The lineup also introduces the Defender MAX Lone Star CAB, featuring climate control and premium JL Audio Roof. The MY22 collection showcases a complete offering for all riders, reinforcing the brand’s strong momentum.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has announced the expansion of its design capabilities with a new Design Studio in Sophia-Antipolis, France, set to open in December 2022. This facility will focus on sustainable mobility concepts and will enhance collaboration with BRP's European partners. The location was chosen for its vibrant culture and ideal climate, which will foster innovation. The studio aims to diversify the workforce and attract top design talent, reinforcing design and innovation as core elements of BRP's growth strategy.

The Can-Am Off-Road brand at BRP (TSX: DOO) (NASDAQ: DOOO) has achieved significant success at the 2022 Dakar Rally, securing its fifth consecutive championship. Can-Am racers dominated both the T4 and T3 categories, with the top 17 finishers in the T4 category driving Can-Am vehicles. Austin Jones and navigator Gustavo Gugelmin won the T4 category, while Francisco Lopez topped the T3 category. The event covered 5,200 miles through challenging terrain, highlighting the performance and reliability of Can-Am's Maverick X3. This victory solidifies Can-Am's position as a leader in off-road racing.

BRP Inc. (TSX:DOO, NASDAQ:DOOO) announced the renewal of its normal course issuer bid (NCIB) for purchasing up to 3,787,945 subordinate voting shares over the next 12 months, starting December 3, 2021. This represents approximately 10% of its public float. The purchases will be conducted on the Toronto Stock Exchange, allowing BRP to acquire a maximum of 59,716 shares daily. The previous NCIB saw BRP buy 4,278,028 shares at an average price of $93.65. This initiative aims to enhance shareholder value.

BRP reported Q3 revenues of $1,588.0 million, down 5.2% due to supply chain disruptions, while nine-month revenues reached $5,300.4 million, up 28.1%. Net income for Q3 was $127.7 million or $1.53 per share, with normalized EPS down 30.5% for the quarter but up 95% YTD. Market share increased in North American Powersports despite 20% retail sales decline. The company raised its normalized EPS guidance to $9.00 to $9.75, reflecting robust profitability. The share repurchase program allows buybacks of 3.8 million shares.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its third quarter FY22 financial results conference call on Wednesday, December 1, 2021, at 9 a.m. (EST). CEO José Boisjoli and CFO Sébastien Martel will discuss the results and answer analyst questions. The press release detailing the financial results will be distributed at approximately 6 a.m. (EST) on the same day. The call is accessible via telephone and webcast, with an archived recording available for 30 days post-event.