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. reports news on its powersports, propulsion and marine product portfolio, including Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on-road and off-road vehicles, Quintrex boats, and Rotax propulsion systems and engines. Recurring updates cover quarterly operating results, North American powersports retail trends, ORV and PWC shipments, product launches, model awards, dealer availability and electric-model development across existing product lines.
Company news also includes capital-return actions such as normal course issuer bids, share buybacks and dividends, along with brand partnerships and motorsport programs tied to Can-Am, Ski-Doo and other BRP products.
BRP announced the closing of a secondary offering where Bain Capital and other shareholders sold 2,000,000 subordinate voting shares at $75.45 each, totaling $150.9 million in gross proceeds. Bain offered 1,618,011 shares, while other shareholders sold 381,989 shares. Notably, BRP will not receive any proceeds from this offering. Post-offering, Bain holds about 18% of issued shares, equating to roughly 30.8% of voting power. The shares are listed on TSX and NASDAQ under symbols DOO and DOOO, respectively.
BRP's Can-Am On-Road brand is successfully attracting new, younger, and diverse riders, making it the top brand in the three-wheel market. Approximately 32% of Can-Am vehicle owners are female, and nearly 50% come from diverse backgrounds. The 2021 vehicle lineup, including the Ryker and Spyder models, offers innovative designs and increased accessibility for riders. Can-Am's programs, such as the Rider Education Program and Women's Mentorship Program, are designed to ease barriers for new riders, promoting inclusivity in the motorcycle industry.
BRP (TSX: DOO; NASDAQ: DOOO) has unveiled the Visco-4Lok system for its Can-Am Off-Road vehicles, enhancing traction for mud enthusiasts. This new system allows riders to lock all four wheels for maximum power and traction in challenging conditions. It's available on three 2021 models: Can-Am Outlander X mr 850, Outlander X mr 1000R, and Renegade X mr 1000R. Additionally, the 2021 Can-Am Defender PRO lineup introduces new packages, featuring industry-first climate-controlled cabs and enhanced cargo capabilities, catering to both recreational and work-related tasks.
BRP has announced a sponsorship deal with Quebec stock car driver Alex Labbé, who will receive financial and technical support from the Can-Am brand for his next four NASCAR Xfinity races. Labbé, currently ranked 17th in the series, aims to improve his performance with upgraded equipment. This partnership marks a return to their previous collaboration in 2016, showcasing BRP's commitment to supporting local talent in motorsports. Labbé expresses gratitude for the backing from BRP and other Quebec businesses, highlighting the financial challenges of competing at this level.
BRP has unveiled the 2021 Sea-Doo RXP-X 300, a high-performance watercraft that sheds 67 pounds for enhanced acceleration and handling. The new T3-R hull design provides greater stability at high speeds, appealing to both amateur and professional riders. Noteworthy upgrades include an innovative Intelligent Debris Free pump system, which simplifies maintenance by clearing debris with a button. Additionally, the newly designed seating configuration and an optional Bluetooth sound system enhance the riding experience, making it an ideal choice for thrill-seekers.
BRP Inc. (TSX:DOO; NASDAQ:DOOO) will host its second quarter FY2021 financial results conference call on August 27, 2020. José Boisjoli, President and CEO, along with CFO Sébastien Martel, will present the Q2 results and answer analyst questions at 9 a.m. (EDT). The earnings release will be available via Canadian and U.S. newswires at approximately 6 a.m. (EDT) on the same day. Investors can join via phone or the webcast with an archived recording accessible for 30 days post-event.
BRP Inc. (TSX:DOO; NASDAQ:DOOO) will announce its second quarter FY2021 financial results on August 27, 2020, at approximately 6 a.m. EDT. The conference call, led by CEO José Boisjoli and CFO Sébastien Martel, will discuss these results and answer analyst questions at 9 a.m. EDT. Investors can access the live webcast on the company's website. BRP is a leader in powersports with annual sales of CA$6.1 billion and a global workforce of 12,600 employees, offering a range of products including Ski-Doo and Can-Am vehicles.