Brp Inc Stock Price, News & Analysis

Can-Am, a brand of BRP Inc. (TSX: DOO, NASDAQ: DOOO), achieved a historic victory at the 2025 King of the Hammers as Kyle Chaney became the first driver to win the 4400 Unlimited class in a modified UTV. Chaney and co-driver Terry Madden finished over 30 minutes ahead of competitors in their Can-Am Maverick R, marking a significant milestone as this class was traditionally dominated by custom-built trucks and high-horsepower buggies.

The race consisted of three challenging laps, with Chaney starting fourth and securing victory in 7 hours, 53 minutes, and 45 seconds. The Maverick R maintained its stock powertrain and geometry, with only chassis modifications for 37-inch tires. Additionally, Can-Am drivers swept the Pro Mod class podium in the UTV Hammers Championship race, with Cody Miller winning first, Nathan Parker second, and Paul Wolf third.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) announced its third annual Yellow Day event, scheduled for February 13, 2025, as part of its Ride Out Intimidation program against bullying. The initiative encourages global participation by wearing yellow and sharing on social media to raise awareness against bullying in all settings.

BRP will make donations to six anti-bullying organizations based on public social media posts shared during the event. In the previous year, the campaign raised CAD $100,000 for anti-bullying organizations. Since launching the program in 2022, BRP has partnered with nearly 30 organizations, including Born This Way Foundation, Ditch the Label, Dare to Care, and the World Anti-Bullying Forum.

Can-Am, a BRP Inc. brand (NASDAQ: DOOO), achieved remarkable success in the 2025 Dakar Rally with their Maverick R platform, securing a second-place overall finish and ten consecutive stage victories. Factory racer Francisco 'Chaleco' López led with five stage wins in the T4 SSV Class, completing the rally in 61 hours 19 minutes and 15 seconds.

Sara Price and Jeremías González Ferioli also claimed stage wins and podiums, though early issues prevented them from overall contention. Dakar rookie Hunter Miller impressed with a top-ten finish. The 12-day, 8,000-kilometer race across Saudi Arabia showcased the Maverick R's capabilities, featuring its tall-knuckle suspension design, seven-speed dual-clutch transmission, and turbo-charged Rotax engine.

Can-Am, a BRP Inc. brand (NASDAQ: DOOO), announces its return to the 2025 Dakar Rally with the new Maverick R platform in the T4 Side-by-Side Vehicle Class. The company has assembled a four-driver factory team supported by South Racing, including three-time Dakar UTV Champion Francisco Lopez and 2023 Dakar Rally stage winner Sara Price.

The 2025 Dakar Rally will mark the Maverick R's first FIA-sanctioned race as a homologated vehicle. The platform features innovative tall-knuckle suspension, seven-speed dual-clutch-transmission, and turbo-charged Rotax engine. The 12-day, 8000-kilometer race will run from January 3-17, 2025, in Saudi Arabia.

Can-Am and South Racing have previously secured six consecutive Dakar Rally wins since 2018 with the Maverick X3 platform.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has received TSX approval to renew its normal course issuer bid (NCIB) to purchase and cancel up to 3,331,852 subordinate voting shares between December 10, 2024, and December 9, 2025. This represents 10% of the public float of 33,318,520 shares as of December 4, 2024.

The company can purchase daily up to 57,248 shares through TSX, representing 25% of the average daily trading volume. Under the previous NCIB that expired December 4, 2024, BRP purchased 3,231,999 shares at an average price of $90.76. The Board believes this share repurchase program represents an appropriate use of available cash to increase shareholder value.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) reported Q3 FY2025 financial results showing significant declines across key metrics. Revenues decreased 17.5% to $1,955.7 million, while net income fell 69.7% to $27.3 million. Normalized EBITDA dropped 42.9% to $264.1 million, and normalized diluted EPS decreased by $2.08 to $1.16.

North American retail sales declined by 11%, though the company achieved its objective of reducing North American Off-Road Vehicle network inventory by 22% compared to last year-end. BRP reaffirmed its full-year guidance, adjusted for Marine discontinued operations, projecting revenues between $7.6 and $7.8 billion, and normalized EPS between $4.25 and $4.75.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has announced its upcoming third quarter FY25 financial results conference call, scheduled for Friday, December 6, 2024. The event will feature President and CEO José Boisjoli and CFO Sébastien Martel, who will present the results and take analyst questions starting at 9 am (EDT). The press release will be distributed at approximately 6 a.m. (EDT) the same day. The presentation will be accessible via telephone and webcast, with recordings available for 30 days after the event.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has announced its upcoming third quarter FY25 financial results conference call, scheduled for Friday, December 6, 2024. The event will feature President and CEO José Boisjoli and CFO Sébastien Martel, who will present the quarterly results and take analysts' questions starting at 9 am EDT. The press release containing the results will be distributed earlier that day at approximately 6 a.m. EDT. The presentation will be accessible via telephone and webcast, with recordings available for 30 days after the event.

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has announced the initiation of a process to sell its Marine businesses, including Alumacraft, Manitou, Telwater (Quintrex, Stacer, Savage and Yellowfin), and Marine parts, accessories and apparel. This decision excludes Sea-Doo personal watercraft, Sea-Doo Switch pontoons, and jet propulsion systems. The company aims to focus on its Powersports portfolio and OEM Engine business due to challenging economic conditions.

BRP's President and CEO, José Boisjoli, stated that the company has built a solid foundation in the Marine sector through investments in innovative products and facility upgrades. The sale is expected to be completed in the first quarter of Fiscal Year 2026. BRP has retained National Bank Financial Inc. to assist with the sale process and does not anticipate any impacts on its current Fiscal Year 2025 guidance.