Brp Stock Price, News & Analysis

BRP Inc. Common Subordinate Voting Shares (DOO) represent an interest in BRP Inc., a company that describes itself as a global leader in powersports products, propulsion systems and boats. Built on over 80 years of history, the company emphasizes ingenuity and intensive consumer focus in the design and development of its products. BRP’s subordinate voting shares trade on both the Toronto Stock Exchange and the Nasdaq Global Select Market under the symbol DOO.

According to the company, BRP’s portfolio includes a range of well-known recreational and marine brands. These feature Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, and Can-Am on-road and off-road vehicles. In the marine and propulsion space, BRP highlights Quintrex boats and Rotax marine propulsion systems, as well as Rotax engines for karts and recreational aircraft. The company states that these brands are intended to unlock exhilarating adventures and provide access to experiences across different recreational "playgrounds."

BRP also notes that it completes its lines of products with a dedicated portfolio of parts, accessories and apparel. This offering is described as being focused on fully optimizing the riding experience associated with its powersports and marine vehicles. The company indicates that its products reach consumers in more than 130 countries, reflecting a broad international footprint for its brands and distribution network.

In addition to its existing internal combustion product lines, BRP states that it is committed to growing responsibly by developing electric models for its current product families. This reflects an effort to adapt its powersports and marine offerings to evolving propulsion technologies while remaining within the same core recreational and transportation categories.

BRP is headquartered in Quebec, Canada. The company has reported annual sales in the billions of Canadian dollars from over 130 countries and a global workforce numbering in the tens of thousands as of a recent fiscal year-end, underscoring the scale of its operations in the powersports and marine sectors.

Business focus and product families

Based on the company’s own descriptions, BRP’s business centers on the design, development, manufacture and marketing of powersports vehicles, propulsion systems and boats. Its brand portfolio is organized around distinct recreational segments. Ski-Doo and Lynx cover snowmobiles, Sea-Doo covers personal watercraft and pontoons, and Can-Am covers on-road and off-road vehicles. Quintrex and Rotax-branded marine propulsion systems reflect the company’s focus on boating and marine power, while Rotax engines for karts and recreational aircraft extend its propulsion expertise into additional recreational categories.

The company positions these brands as "industry-leading and distinctive," and emphasizes their role in enabling outdoor and on-water experiences. BRP also highlights that it has been building this portfolio over many decades, pointing to more than 80 years of history in powersports and related markets.

Geographic reach and scale

BRP reports that it sells products in over 130 countries. This indicates a broad geographic reach for its dealer and distributor network across multiple continents. The company has also disclosed that its annual sales are measured in billions of Canadian dollars and that its workforce includes approximately tens of thousands of employees worldwide as of a recent fiscal year-end. These statements together suggest that BRP operates at a large, global scale within its recreational vehicle and marine niches.

Capital markets and share structure

BRP’s subordinate voting shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Global Select Market (NASDAQ) under the ticker DOO. The company has disclosed that it has both subordinate voting shares and multiple voting shares outstanding. In a recent secondary offering, a principal shareholder sold a block of subordinate voting shares pursuant to a prospectus supplement filed in Canada and a registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System. BRP stated that it did not receive any proceeds from that offering, as all net proceeds were paid directly to the selling shareholder.

Following that transaction, BRP reported that Bain Capital Integral Investors II, L.P. and its affiliates continued to hold multiple voting shares representing a minority of the issued and outstanding shares and a larger percentage of the voting power. This reflects a share structure where multiple voting shares carry enhanced voting rights relative to subordinate voting shares.

Corporate profile and governance

BRP identifies itself as a foreign private issuer for U.S. securities law purposes and files reports such as Form 6-K and Form 40-F with the SEC. The company has filed current reports on Form 6-K to furnish press releases, including announcements related to executive leadership changes and capital markets transactions.

In one such press release, BRP announced the appointment of a new President and Chief Executive Officer, with the transition linked to the retirement of the prior President and CEO and a change in the Chair of the Board of Directors. The company highlighted the incoming CEO’s background in the automotive industry and experience managing global dealer networks, as well as the continued role of a Lead Independent Director on the Board. BRP’s disclosures emphasize continuity of governance and leadership experience in sectors with dynamics similar to powersports.

Marine and Telwater business

BRP has also discussed its marine activities, including its ownership of Telwater Pty Ltd., a boat manufacturer based in Australia. The company acknowledged a decision by the Australian Competition and Consumer Commission (ACCC) to oppose a proposed sale of Telwater to Yamaha Motor Australia Pty Ltd., a subsidiary of Yamaha Motor Co., Ltd. In light of that decision, BRP stated that it remains the owner of Telwater and will continue to operate this business and offer Australian consumers boats through Telwater’s brands. BRP also described Telwater as a profitable business and indicated that, given its size, the ACCC decision would have no impact on the company’s financial guidance for a future fiscal year.

Separately, BRP has highlighted Quintrex as one of its marine brands, and referenced Rotax marine propulsion systems as part of its marine-focused offerings. Together, these disclosures show that BRP’s marine activities span both boat manufacturing and propulsion technologies.

Approach to electrification and responsible growth

BRP has stated that it is "committed to growing responsibly" and is developing electric models for its existing product lines. This indicates that the company is working on electrified versions of its current powersports and marine products, rather than describing entirely new categories. The focus, as described by BRP, is on adapting established brands and platforms to electric propulsion while maintaining their recreational and performance characteristics.

Key brands mentioned by BRP

• Ski-Doo – snowmobiles
• Lynx – snowmobiles
• Sea-Doo – watercraft and pontoons
• Can-Am – on-road and off-road vehicles
• Quintrex – boats
• Rotax – marine propulsion systems, and engines for karts and recreational aircraft

FAQs about BRP Inc. (DOO)

• What does BRP Inc. do?
  BRP Inc. describes itself as a global leader in powersports products, propulsion systems and boats. Its brands include 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.
• Which stock exchanges list BRP Inc.’s subordinate voting shares?
  BRP Inc.’s subordinate voting shares are listed on the Toronto Stock Exchange and the Nasdaq Global Select Market under the ticker symbol DOO.
• Where is BRP Inc. headquartered?
  BRP Inc. states that it is headquartered in Quebec, Canada.
• What brands are part of BRP’s powersports portfolio?
  BRP’s powersports portfolio, as described by the company, includes Ski-Doo and Lynx snowmobiles and Can-Am on-road and off-road vehicles. These brands are positioned around recreational riding and powersports activities.
• What marine and propulsion brands does BRP highlight?
  BRP highlights Sea-Doo watercraft and pontoons, Quintrex boats, Rotax marine propulsion systems, and Rotax engines for karts and recreational aircraft as part of its marine and propulsion offerings.
• How global is BRP’s business?
  BRP reports annual sales generated from over 130 countries and notes that it has a global workforce numbering in the tens of thousands, indicating a broad international presence for its brands and products.
• What is BRP’s approach to electric models?
  BRP has stated that, as part of its commitment to growing responsibly, it is developing electric models for its existing product lines. This work focuses on electrified versions of current powersports and marine products.
• What is Telwater and how is it related to BRP?
  Telwater Pty Ltd. is a boat business in Australia that BRP owns. After the Australian Competition and Consumer Commission opposed a proposed sale of Telwater to Yamaha Motor Australia, BRP stated that it remains the owner of Telwater and will continue to operate this profitable business.
• Did BRP receive proceeds from the recent secondary offering of its subordinate voting shares?
  No. BRP disclosed that all net proceeds from the secondary offering of subordinate voting shares by a principal shareholder were paid directly to the selling shareholder, and the company did not receive any proceeds.
• What type of SEC filer is BRP Inc.?
  BRP Inc. is a foreign private issuer and files reports such as Form 6-K and Form 40-F with the U.S. Securities and Exchange Commission.