BRP Inc

BRP, Inc. is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. The firm operates through the Powersports and Marine segments. The Powersports segment includes Year-Round Products, Seasonal Products and Powersports PA&A and OEM Engines. The Marine segment includes outboard and jet boat engines, boats, and related PA&A and other services. Its brands include Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, and Alumacraft. The company was founded on May 1, 2003 and is headquartered in Valcourt, Canada.

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BRP, Inc. is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. The firm operates through the Powersports and Marine segments. The Powersports segment includes year-round products, seasonal products and powersports PA&A and OEM Engines. The Marine segment includes outboard and jet boat engines, boats, and related PA&A and other services. Its brands include Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, and Alumacraft. The company was founded on May 1, 2003 and is headquartered in Valcourt, Canada.

VALCOURT, QC , Nov. 9, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its third quarter FY24 financial results conference call on Thursday, November 30th, 2023. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the third quarter of FY24 and address questions from analysts on a conference call at 9 a.m.

BRP TO PRESENT ITS THIRD QUARTER RESULTS FOR FISCAL YEAR 2024

VALCOURT, QC , Oct. 4, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced today that it successfully repriced its US$ 496 million Term Loan B-2 tranche due December 2029, effectively reducing the average interest rate of its term facility. Pursuant to this repricing, the applicable margin on the Term Loan B-2 tranche was reduced by 75 basis points, from a rate of Term SOFR plus 3.50% to a rate of Term SOFR plus 2.75%.

BRP ANNOUNCES THE REPRICING OF ITS TERM LOAN B-2

The company's revenue increased by 13.9% YoY, while operating margin reached 13.6%. Despite macro uncertainty, the company's target consumer continues to be in strong financial shape. I believe that the company will continue to show strong results in the coming quarters, while the company's shares are priced at a relatively low price. My recommendation is buy.

BRP: Strong Results Despite Macro Headwinds

Dustin Jones brings home the gold at the Silver State 300    VALCOURT, QC , Sept. 26, 2023 /PRNewswire/ - Can-Am, a brand of BRP Inc. (TSX:DOO) (NASDAQ:DOOO), is proud to announce that factory racer Dustin Jones made racing history last weekend at the 2023 Silver State 300 Best In The Desert race, driving the all-new Can-Am Maverick R.

Can-Am Maverick R Scores Historic First Win

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BRP Inc. (NASDAQ:DOOO ) Q2 2024 Earnings Conference Call September 7, 2023 9:00 AM ET Company Participants José Boisjoli - President, Chief Executive Officer Sébastien Martel - Chief Financial Officer Philippe Deschênes - Director, Investor Relations Conference Call Participants Mark Petrie - CIBC World Markets Robin Farley - UBS James Hardiman - Citi Xian Siew - BNP Paribas Fred Wightman - Wolfe Research Cameron Doerksen - National Bank Financial Craig Kennison - Baird Martin Landry - Stifel Jaime Katz - Morningstar Joe Altobello - Raymond James Luke Hannan - Canaccord Genuity Brian Morrison - TD Securities Tristan Thomas-Martin - BMO Capital Markets Michael Kypreos - Desjardins Jonathan Goldman - Scotiabank Operator Good morning ladies and gentlemen, and welcome to the BRP Inc.'s FY24 second quarter results conference call. For participants who use the telephone line, it is recommended to turn off the sound on your device.

BRP (DOOO) Q2 2024 Earnings Call Transcript

BRP Inc. (TSX:DOO) raised guidance after a strong second quarter which saw revenue rise 14% driven by solid consumer demand. In the three months ended July 31, the financial second quarter, the Valcourt, Quebec-based firm said it significantly outpaced the North American powersports industry with an impressive 41% growth at retail, further increasing market share in most product categories.

BRP expects record revenue and profits after strong quarter

Highlights Revenues of $2,778.0 million, up 14% compared to the same period last year, a record second quarter for BRP; Normalized EBITDA [1] of $473.1 million, up 13% compared to the same period last year; North American Powersports retail sales grew by 41% compared to the same period last year, once again outperforming the industry and achieving record highs in terms of market share for PWC, ATV and SSV; Normalized earnings per share – diluted [1] of $3.21, an increase of $0.27 per share, or 9%, and earnings per share – diluted of $4.26, an increase of $1.32 per share, or 45%, compared to the same period last year; and Increasing full year-end guidance for Normalized EPS – diluted [1] [2] upward by $0.10, now ranging from $12.35 to $12.85. Recent events – Highlights from Club BRP 2024 The Company launched the all-new Can-Am Maverick R, setting a new benchmark in the high-end SSV Sport segment.

BRP PRESENTS ITS SECOND QUARTER RESULTS FOR FISCAL YEAR 2024

VALCOURT, QC , Aug. 17, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its second quarter FY24 financial results conference call on Thursday, September 7th, 2023. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the second quarter of FY24 and address questions from analysts on a conference call at 9 a.m.

/R E P E A T -- BRP TO PRESENT ITS SECOND QUARTER RESULTS FOR FISCAL YEAR 2024/

BRP Inc. (DOOO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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VALCOURT, QC , Aug. 20, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) continues to push the boundaries to create unforgettable memories on water, with the model year 2024 Sea-Doo and Manitou product lineups. Sea-Doo is revving up the waves with the next generation of the iconic Spark, adding thoughtful new comfort, convenience and styling updates.

REVVING UP THE WAVES: SEA-DOO AND MANITOU PUSH INNOVATION AND RIDER EXPERIENCE WITH MORE HORSEPOWER, AFFORDABLE FUN, AND UNBEATABLE COMFORT!

VALCOURT, QC , Aug. 20, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) is changing the landscape of the recreational side-by-side (SSV) category with the all-new Maverick R. Built on the principles of challenging the status quo and blasting through the barriers of performance, the 2024 Can-Am Maverick R lineup will forever change the off-road scene.

CAN-AM TRANSFORMS THE RIDER EXPERIENCE AND PERFORMANCE WITH THE ALL NEW 2024 MAVERICK R

New color touchscreen display and Apple CarPlay enhance connectivity on all Can-Am Spyder models VALCOURT, QC , Aug. 20, 2023 /PRNewswire/ - Can-Am, a brand of BRP Inc. (TSX:DOO) (NASDAQ:DOOO), recently unveiled its product news for model year 2024 across its 3-wheel vehicle lineup. One of the core areas of focus is enhancing the rider connectivity experience on all Can-Am Spyder F3 and RT models, which will now feature an all-new 10.25-inch color touchscreen with Apple CarPlay.

CAN-AM MOVES TOWARD A MORE IMMERSIVE RIDING EXPERIENCE

BRP TO PRESENT ITS SECOND QUARTER RESULTS FOR FISCAL YEAR 2024

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BRP, a recreational vehicle manufacturer, has seen strong growth since 2021 due to increased demand for outdoor activities. Despite this, the market anticipates a drop in demand, keeping the stock at a value multiple. The company's Q1 of Fiscal 2024 saw improved margins and strong revenue growth over last year. BRP plans to invest $750 million in innovation to keep gaining market share. Despite its cyclical nature, BRP's valuation looks cheap, trading at 10x trailing earnings and just 6x EBITDA.

BRP: Value And Resilient Growth

BRP has demonstrated strong growth and created shareholder value. Despite impressive growth and good operating margins, BRP's earnings are highly sensitive to macroeconomic trends, making it a volatile investment. While BRP has potential for future growth, current economic risks and the possibility of margin decreases make the stock a hold recommendation.

BRP Is A Risktaker's Pick

VALCOURT, QC , June 20, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) is proud to celebrate the 50th anniversary of its Can-Am brand. What started off as one championship-winning motocross motorcycle in the early 1970s, immediately reigning over motocross and endurance racing, has evolved 50 years later into Can-Am being a global powersports leader with multiple product lineups.

CAN-AM MARKS 50 YEARS OF INNOVATION, REBELLION, AND LEGENDARY PERFORMANCE

Can-Am and The Shoe Surgeon designed custom Can-Am Ryker 3-wheel vehicles and riding shoes that push the limits of creativity to celebrate inclusivity, heritage and the love of the ride. VALCOURT, QC , June 8, 2023 /PRNewswire/ - Can-Am, a brand of BRP Inc. (TSX: DOO) (NASDAQ: DOOO), is continuing its push to welcome more people into riding through a custom collaboration with The Shoe Surgeon, a world-renowned Los Angeles-based group of creatives who specialize in the craft of custom shoe making and design.

CAN-AM AND THE SHOE SURGEON UNVEIL SPECIAL COLLABORATION TO CELEBRATE THE THRILL OF THE RIDE

VALCOURT, QC , June 6, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) once again takes a stand against intimidation with its community partner Ditch The Label by launching Quítate las Etiquetas , a new web platform aimed at supporting young people aged 12-25 in Mexico, who are affected by intimidation and bullying. The new Quítate las Etiquetas platform will enable these young people to join an online community of like-minded individuals where they will be able to find personalized toolkits on the issues that affect them the most.

BRP AND YOUTH CHARITY DITCH THE LABEL LAUNCH SUPPORT PLATFORM TO RIDE OUT INTIMIDATION IN MEXICO

VALCOURT, QC , June 5, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) is proud to announce that long-standing BRP executive Bernard Guy is appointed to the position of President, Marine Group, effective today. Mr. Guy also keeps his current leadership responsibilities for global product strategy for both the Powersports and Marine groups.

BRP ANNOUNCES LEADERSHIP CHANGE IN ITS MARINE GROUP

BRP Inc. (NASDAQ:DOOO ) Q1 2024 Earnings Conference Call June 1, 2023 9:00 AM ET Company Participants Philippe Deschenes - Investor Relations Jose Boisjoli - President and Chief Executive Officer Sebastien Martel - Chief Financial Officer Conference Call Participants James Hardiman - Citi Xian Siew - BNP Paribas Exane Jaime Katz - Morningstar Jonathan Goldman - Scotiabank Robin Farley - UBS Fred Wightman - Wolfe Research Joseph Altobello - Raymond James Benoit Poirier - Desjardins Securities Craig Kennison - Baird Brandon Rolle - D.A. Davidson Brian Morrison - TD Securities Operator Good morning, ladies and gentlemen, and welcome to the BRP Inc.'s FY'24 First Quarter Results Conference Call.

BRP Inc. (DOOO) Q1 2024 Earnings Call Transcript

BRP Inc. (DOOO) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.31 per share a year ago.

BRP Inc. (DOOO) Q1 Earnings and Revenues Beat Estimates

Highlights Revenues of $2,429 million, up 34% compared to the same period last year, a record for a first quarter in the Company's history; Normalized EBITDA [1] of $377 million, up 39% compared to the same period last year; North American Powersports retail sales grew by 3% compared to the same period last year, once again outperforming the industry driven by market share gains in SSV and PWC; Normalized earnings per share – diluted [1] of $2.38, an increase of $0.72 per share or 43% and diluted earnings per share of $1.92, an increase of $0.46 per share, or 32%, compared to the same period last year; and Reaffirming full year-end guidance of revenues up 9% to 12% compared to Fiscal 2023, and Normalized earnings per share – diluted [1] between $12.25 and $12.75. VALCOURT, QC , June 1, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) today reported its financial results for the three-month period ended April 30, 2023.

BRP REPORTS FISCAL YEAR 2024 FIRST QUARTER RESULTS

VALCOURT, QC , May 16, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its first quarter FY2024 financial results conference call on Thursday, June 1, 2023 , followed by its Annual Meeting of Shareholders ("the Meeting") conducted by live webcast. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the first quarter of FY2024 and address questions from analysts on a conference call at 9 a.m.

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