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. (NASDAQ: DOOO) drives innovation in powersports vehicles and propulsion systems, serving adventure enthusiasts and commercial operators worldwide. This news hub provides investors and industry stakeholders with timely updates on corporate developments, financial performance, and market leadership in recreational mobility.
Access official press releases, earnings reports, and strategic announcements in one centralized location. Track BRP's latest innovations in snowmobiles, watercraft, and off-road vehicles alongside partnerships and sustainability initiatives shaping the powersports sector.
Key updates include quarterly financial results, product launch details, manufacturing expansions, and technological advancements. Our curated news selection enables informed analysis of BRP's market position and growth trajectory within the $30B+ powersports industry.
Bookmark this page for streamlined access to BRP's corporate communications. Combine these updates with SEC filings and market analysis for comprehensive investment research in the evolving recreational vehicle sector.
Sea-Doo, a brand under BRP, emphasized the importance of safety during the peak North American summer boating season.
With the National Marine Manufacturers Association estimating 100 million people boating this year, Sea-Doo promotes its Responsible Rider Program to ensure safety and environmental consciousness.
Key safety tips include wearing proper-fitting life jackets and neoprene shorts, attaching a safety lanyard before starting the engine, maintaining a safe distance from other vessels, observing speed regulations, and understanding the PWC's braking system.
The company aims to educate and build a community of responsible riders, ensuring positive experiences and the longevity of the sport.
On May 31, 2024, BRP held its annual shareholder meeting virtually. Key outcomes included the election of all director nominees listed in the company's proxy circular dated April 25, 2024. The voting results were overwhelmingly in favor of the nominees, with Élaine Beaudoin, José Boisjoli, Ernesto M. Hernández, Katherine Kountze, Nicholas Nomicos, Michael Ross, and Barbara Samardzich each receiving over 99% of the votes cast. Changes to the Board committees were also announced. Michael Ross replaced Nicholas Nomicos as Chair of the Audit Committee, effective May 1, 2024.
BRP Inc. (NASDAQ: DOOO) reported its Q1 FY2025 results on May 31, 2024. Revenues fell by 16.4% year-over-year to $2,031.7 million. The company recorded a net loss of $7.4 million, a sharp decline from a profit of $154.5 million last year. Normalized EBITDA decreased by 34.4% to $247.2 million. Normalized diluted earnings per share dropped to $0.95 from $2.38, while diluted loss per share was $0.10, a decrease from earnings of $1.92 per share last year. Despite strong retail performance in the Can-Am SSV segment, BRP adjusted its full-year guidance, forecasting revenues between $8.6 to $8.9 billion and normalized diluted EPS between $6.00 and $7.00. The company anticipates further pressure on dealer profitability due to macroeconomic challenges, competitive dynamics, and high interest rates.
BRP (TSX: DOO, NASDAQ: DOOO) will present its Q1 FY2025 financial results on May 31, 2024, followed by its Annual Meeting of Shareholders. CEO José Boisjoli and CFO Sébastien Martel will address analysts' questions during a conference call at 9 a.m. EDT and later discuss the fiscal year results in the shareholders' meeting at 11 a.m. EDT.
The Q1 results press release will be available on newswires at 6 a.m. EDT. Investors and analysts can join via a toll-free number or access the webcast online. Shareholders are encouraged to vote in advance. The annual meeting will be completely virtual, with French and English interpretation available. Questions can be submitted in advance or during the meeting.
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will present its first quarter fiscal year 2025 results on May 31, 2024, followed by its Annual Meeting of Shareholders. José Boisjoli and Sébastien Martel will discuss the results, answering analyst questions. The press release will be distributed on newswires at 6 a.m. (EDT). The shareholders meeting will be virtual with live webcasts, allowing everyone to attend. Voting and questions can be submitted in advance. The webcast will be available on BRP's website for 30 days.
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