Brp Inc Stock Price, News & Analysis

BRP (TSX: DOO) (NASDAQ: DOOO) is set to introduce its Lynx snowmobiles to North America, marking the debut of a new sled brand in decades. The company will launch two high-end models, the Lynx RAVE RE and Lynx Boondocker DS, aimed at advanced riders seeking an exhilarating Nordic riding experience. This strategic move broadens BRP's market offerings in the snowmobile segment and targets core enthusiasts eager for innovative riding styles. Both models will be available for purchase this spring at select dealers.

BRP has unveiled the redesigned 2021 Can-Am Commander, emphasizing its versatility for both recreation and work. Featuring a powerful Rotax 1000R engine with 100hp, improved suspension, and enhanced comfort, the vehicle is designed for rugged terrains. It boasts a 2,000lbs towing capacity and a large dump cargo box. With over 150 accessories available, customization options cater to diverse needs. The launch marks a decade since the original Commander, enhancing BRP's status in the off-road vehicle market with annual sales of CA$6.1 billion.

BRP (TSX: DOO) has unveiled its 2022 Ski-Doo model lineup, showcasing significant innovations like the Smart-Shox semi-active suspension system for enhanced handling and two new powerful Rotax 4-stroke turbo engine options, including a record 180hp engine. These advancements cater to a growing audience of snowmobiling enthusiasts, promoting a better riding experience. The lineup also features the return of the iconic Mach Z muscle sled. With annual sales of CA$6.1 billion, BRP emphasizes its commitment to innovation and customer satisfaction in the powersports industry.

On February 16, 2021, BRP (TSX: DOO, NASDAQ: DOOO) announced a successful refinancing of its term loan facility. The company increased its Term Loan B-1 from US$1,208 million to US$1,508 million, thereby repaying its US$600 million Term Loan B-2. This refinancing reduces average interest rates, lowering expenses and improving liquidity. Moody's upgraded BRP's corporate family rating from B1 to Ba3, highlighting enhanced balance sheet strength. This initiative positions BRP for future growth and value creation for shareholders.

BRP (TSX: DOO; NASDAQ: DOOO) celebrates its fourth consecutive Dakar Rally victory, marking a historic achievement for its Can-Am Off-Road vehicles. The Maverick X3 racers completed over 114,024 miles (183,504 km) in challenging conditions, claiming the top spots in both the Lightweight Vehicle category and the Side-by-Side class. Notably, all top 11 finishers drove Can-Am vehicles, demonstrating their unrivaled performance and reliability. The success underscores BRP's commitment to innovation and enhancing the overall driving experience.

BRP (TSX: DOO; NASDAQ: DOOO) celebrated a record-breaking year for Can-Am Off-Road racing in 2020, highlighted by notable victories in prestigious events like the Dakar Rally. The Can-Am Maverick X3 led production-based UTV Turbo categories, showcasing performance, reliability, and versatility across various terrains. Key wins include Casey Currie’s historic Dakar victory and multiple championship titles in the Ultra4 King of the Hammers and SCORE Championship. With a strong commitment to product innovation through racing, BRP aims to enhance consumer experiences with robust and dependable off-road vehicles.

The Board of Directors of BRP (TSX: DOO; NASDAQ: DOOO) has appointed Katherine Kountze and Ernesto M. Hernández as new independent directors. Kountze, currently CIO at Eversource Energy, brings expertise in technology strategy, while Hernández, former President of GM Mexico, offers extensive knowledge in automotive engineering and market management. The Board believes their combined skills will enhance BRP's strategic direction and growth in existing and new markets, reinforcing its leadership in the powersports industry.

BRP Inc. (TSX:DOO; NASDAQ: DOOO) has received approval from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to 4,278,028 subordinate voting shares, equating to about 10% of the public float, between December 1, 2020, and November 30, 2021. The NCIB allows BRP to acquire shares via open market transactions or other permitted methods. The company intends this buyback as a means to enhance shareholder value. Previously, under a similar NCIB that expired in April 2020, BRP repurchased nearly 4 million shares at an average price of $52.31.

BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its third quarter FY2021 financial results conference call on November 25, 2020, at 9 a.m. EST. José Boisjoli, President and CEO, along with CFO Sébastien Martel, will present the financial results and address analysts' questions. The press release revealing the third quarter results will be distributed around 6 a.m. EST on the same day. BRP is a leader in powersports vehicles, with annual sales of CA$6.1 billion and a global workforce of 12,600.