Welcome to our dedicated page for Brp news (Ticker: DOOO), a resource for investors and traders seeking the latest updates and insights on Brp stock.
BRP Inc. (TSX: DOO, NASDAQ: DOOO) generates a steady flow of news related to its powersports products, propulsion systems, boats and corporate developments. As a manufacturer in the All Other Transportation Equipment Manufacturing industry, BRP issues updates that cover product launches, motorsports programs, strategic plans, capital markets activity and financial performance.
Company announcements frequently highlight new vehicles and configurations across its brands. Recent examples include new packages for the Can-Am Defender side-by-side with heating, venting and air conditioning, a Dark Wildland Camo color option for the Outlander Electric aimed at hunters and outdoor users, and recognition for the Can-Am Canyon Redrock 3‑wheel vehicle as Motorcycle of the Year by Rider Magazine. BRP also reports on awards such as the Ski-Doo Summit X with Expert Package being named Snowmobile of the Year by Snow Goer magazine.
Investors following DOOO news will also see updates on BRP’s financial results, such as quarterly revenue and earnings discussions, as well as guidance ranges and commentary on product mix and retail trends. The company uses news releases to communicate its Mission 28 (M28) Strategic Plan, investor and analyst day events, and actions such as normal course issuer bids to repurchase subordinate voting shares.
In addition, BRP news covers motorsports initiatives like the Can-Am Maverick R program at the Dakar Rally, partnerships with organizations such as MeatEater in the outdoor and conservation space, and broader brand-building activities. This news page allows readers to track how BRP’s product portfolio, racing efforts, partnerships and financial outlook evolve over time.
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.
BRP Inc. (TSX:DOO; NASDAQ:DOOO) reported Q3 FY21 results showcasing revenues of $1,674.7 million, up 1.9% year-over-year. Gross profit increased to $486.9 million with a margin of 29.1%. Net income rose to $198.7 million, translating to $2.22 EPS, a 42.7% increase. The normalized EPS guidance for FY21 has been raised to $5.00-$5.25, reflecting a growth expectation of 31%-37%. The Board approved a quarterly dividend of $0.11 per share, maintaining shareholder returns amid market opportunities.
BRP Inc. (TSX:DOO; NASDAQ:DOOO) is set to release its third quarter FY2021 financial results on November 25, 2020, at 6 a.m. EST, followed by a conference call at 9 a.m. EST featuring CEO José Boisjoli and CFO Sébastien Martel. Media will have access to the call but will not participate in questioning. The financial results will highlight the company's performance amid challenges faced in the powersports market.
BRP Inc. (NASDAQ: DOOO) has scheduled its third quarter FY2021 financial results conference call for November 25, 2020, at 9 a.m. EST. José Boisjoli, President and CEO, along with CFO Sébastien Martel, will present the fiscal results and respond to analyst inquiries. The results will be released via newswires on the same day at approximately 6 a.m. EST. Interested parties can join the call or view a live webcast. BRP is a leader in powersports with a diverse product portfolio generating annual sales of CA$6.1 billion across over 120 countries.
BRP (TSX: DOO; NASDAQ: DOOO) and Arctic Cat have reached a global settlement resolving ongoing intellectual property disputes, leading to the dismissal of two active court cases in the US and Canada. This settlement includes disputes over rider-forward patents and Arctic Cat's snowmobiles with pyramidal frame designs. Following this agreement, Arctic Cat can immediately resume sales and delivery of its snowmobile lineup in Canada. Both companies commit to collaborate for the advancement of the snowmobile industry.
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