News & Videos - BRP INC. - English

VALCOURT, Quebec, April 15, 2024 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO; NASDAQ:DOOO) (“BRP” or the “Company”) announced today that Bain Capital Integral Investors II, L.P. (“Bain” or the “Selling Shareholder”), and the Company have entered into an agreement with BMO Capital Markets to complete a secondary offering on a bought deal basis (the "Offering"). Under the agreement, BMO Capital Markets has agreed to purchase 1,500,000 subordinate voting shares of the Company (the...

VALCOURT, Quebec, Dec. 17, 2020 (GLOBE NEWSWIRE) -- BRP (TSX: DOO; NASDAQ: DOOO) saw Can-Am Off-Road racers set new standards for side-by-side vehicle performance this year. And as 2020 approaches the finish line, the company is looking in its rearview mirror and celebrating a record-breaking year on racetracks around the world. And, just as importantly, acknowledging what all those victories mean for everyone who craves the ultimate in off-road exhilaration. “2020 was an incredible year for...

VALCOURT, Quebec, Dec. 01, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of BRP Inc. (TSX: DOO; NASDAQ: DOOO) is pleased to announce the appointment of Katherine (Kathy) Kountze and Ernesto M. Hernández to its Board of Directors, effective immediately. “I’m pleased to welcome Kathy and Ernesto to BRP’s Board of Directors. Their extensive expertise and experiences in complementary industries will be great assets to the BRP board as we continue to execute on our strategy to grow in...

VALCOURT, Quebec, Nov. 27, 2020 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO; NASDAQ: DOOO) announces today that the Toronto Stock Exchange (the "TSX") has approved the renewal of its normal course issuer bid (“NCIB”) to purchase for cancellation up to 4,278,028 subordinate voting shares over the twelve-month period commencing on December 1, 2020 and ending no later than November 30, 2021, representing approximately 10% of the public float of 42,780,280 subordinate voting shares as at November 23,...

Highlights for the quarter vs Q 3 F Y 2 0 : Revenues of $1,674.7 million, an increase of $31.1 million or 1.9%; Gross profit of $486.9 million representing 29.1% of revenues, an increase of $45.0 million; Net income of $198.7 million, an increase of $63.4 million, which resulted in a diluted earnings per share of $2.22, an increase of $0.73 per share; Normalized net income [ 1] of $190.6 million, an increase of $53.9 million, which resulted in a normalized diluted earnings per share [1] of...

VALCOURT, Quebec, Nov. 20, 2020 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its third quarter FY2021 financial results conference call on Wednesday , November 2 5 , 20 20 . José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the third quarter of FY2021 and address questions from analysts on a conference call at 9 a.m. (EST). Third Quarter FY 20 2 1 Results The press release will be distributed on...

VALCOURT, Quebec, Oct. 21, 2020 (GLOBE NEWSWIRE) -- BRP Inc. (TSX: DOO; NASDAQ: DOOO) ("BRP" or the "Company") announced today the closing of the previously announced bought deal secondary offering pursuant to which Bain Capital Luxembourg Investments S.à r.l. ("Bain") and other selling shareholders (collectively, the "Selling Shareholders") sold an aggregate of 2,000,000 subordinate voting shares of BRP at a purchase price of $75.45 per share for total gross proceeds of $150,900,000 to the...

VALCOURT, Quebec, Oct. 16, 2020 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO; NASDAQ:DOOO) (“BRP” or the “Company”) announced today that due to strong demand, Bain Capital Luxembourg Investments S.a r.l. (“Bain” or the “Selling Shareholder”) and the Company have increased the size of the previously announced bought secondary offering to 2,000,000 subordinate voting shares at a price of C$75.45 per subordinate voting share for total gross proceeds to the Selling Shareholder of...

VALCOURT, Quebec, Oct. 15, 2020 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO; NASDAQ:DOOO) (“BRP” or the “Company”) announced today that Bain Capital Luxembourg Investments S.a r.l. in liquidation (“Bain” or the “Selling Shareholder”), and the Company have entered into an agreement with BMO Capital Markets to complete a secondary offering on a bought deal basis (the “Offering”). Under the agreement, BMO Capital Markets has agreed to purchase 1,000,000 subordinated voting shares of...

VALCOURT, Quebec, Oct. 01, 2020 (GLOBE NEWSWIRE) -- BRP (TSX:DOO; NASDAQ:DOOO) and its Can-Am On-Road brand are accomplishing something traditional motorcycle manufacturers have been attempting to do for years: attracting new, younger, and more diverse riders into the industry. The success has made Can-Am the #1 brand in the three-wheel market. And with an updated vehicle lineup for 2021 that remains incredibly fun and easy to ride, Can-Am will continue its charge to democratize the open road....

VALCOURT, Quebec, Oct. 01, 2020 (GLOBE NEWSWIRE) -- BRP (TSX: DOO; NASDAQ: DOOO) builds its Can-Am Off-Road vehicles from the rider down, with every detail – from capability and reliability, to performance, comfort, and beyond – finely tuned for riders to get the most out of their vehicle, regardless of the challenge at hand. And sometimes, that challenge means getting muddy. Real muddy. Which is why Can-Am is introducing Visco-4Lok, the absolute best ATV 4-wheel-drive system available*, so...

Through its Can-Am brand, BRP will provide Labbé with financial and other support enabling him to compete in the next four races with upgraded equipment. TROIS-RIVIÈRES, Québec, Sept. 11, 2020 (GLOBE NEWSWIRE) -- At the Ce soir on char event at the Grand-Prix de Trois-Rivières, the collaboration was announced between BRP and Alex Labbé, a native of St. Albert, Quebec. Through its Can-Am brand, BRP will sponsor the Quebec stock car racing driver in his next four races of the NASCAR Xfinity...

VALCOURT, Quebec, Sept. 10, 2020 (GLOBE NEWSWIRE) -- There are people who love on-water performance, and then there are people who LOVE on-water performance. For those in the latter category, BRP (TSX: DOO, NASDAQ: DOOO) is launching an all-new version of its high-performance Sea-Doo RXP-X 300. Designed to be the ultimate, supercharged on-water experience, the 2021 model delivers best-in-class acceleration along with a new water-gripping hull design for incredible handling. Enhancements to the...

VALCOURT, Quebec, Aug. 21, 2020 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its second quarter FY2021 financial results conference call on Thursday, August 27, 2020. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the second quarter of FY2021 and address questions from analysts on a conference call at 9 a.m. (EDT). Second Quarter FY2021 Results The press release will be distributed on Canadian...

VALCOURT, Quebec, July 09, 2020 (GLOBE NEWSWIRE) -- Today, BRP (TSX: DOO, NASDAQ: DOOO) launched a new pilot program, Uncharted Society, that will offer more than 40 expertly curated experiences using powersports vehicles in the United States. From the Grand Canyon, Zion National Park, the Gulf of Mexico, the Rockies, Joshua Tree, and many more bucket-list destinations, you will be able to live out unique experiences on Sea-Doo watercraft, Can-Am off road and on-road vehicles, and Ski-Doo...

VALCOURT, Quebec, July 02, 2020 (GLOBE NEWSWIRE) -- BRP (TSX: DOO; NASDAQ: DOOO) announced today that it is increasing its manufacturing capacity with the construction of a new facility in Mexico to meet demand for its off-road vehicles (ORVs) business. This expansion of BRP’s production facilities is intended to help keep pace with the increased demand for Can-Am side-by-side vehicles (SSVs) experienced in recent years. After a temporary slowdown due to COVID-19, retail sales went up by over...

The Federal Court of Canada handed BRP an important victory against its competitor Arctic Cat regarding BRP’s frame patent, which was at the heart of the Ski-Doo REV revolution; The Federal Court of Canada issued a permanent injunction prohibiting the sale, use and distribution of all Arctic Cat snowmobiles in Canada that infringe BRP’s Canadian patent; The effective date of the permanent injunction is set for July 6, 2020; The Court also ordered Arctic Cat to pay BRP a royalty of CA$135 per...

VALCOURT, Quebec, May 28, 2020 (GLOBE NEWSWIRE) -- BRP Inc. (TSX: DOO; NASDAQ: DOOO) held earlier today its annual meeting of shareholders in Valcourt, Quebec. The meeting was broadcasted via live webcast and conference call. The webcast is now available on BRP’s website at www.brp.com. During the meeting, the Company acknowledged the departure from the Board of Directors of Mr. J.R. André Bombardier and thanked him for his many years of contribution to the success of the Company. Mr....

Highlights for the quarter vs Q1 FY20: Revenues of $1,229.8 million, a decrease of $103.9 million or 7.8%; Gross profit of $235.1 million representing 19.1% of revenues, a decrease of $65.5 million; Net loss of $226.1 million, a decrease of $249.9 million, which resulted in a diluted loss per share of $2.58, a decrease of $2.83 per share; The Company recorded a non-cash impairment charge of $171.4 million related to its Marine segment; Normalized net income [1] of $22.7 million, a decrease of...

VALCOURT, Quebec, May 27, 2020 (GLOBE NEWSWIRE) -- BRP (TSX: DOO; NASDAQ: DOOO) announced today it has re-oriented its marine business by focusing on the growth of its boat brands with new technology and innovative marine products. We will discontinue production of Evinrude E-TEC and E-TEC G2 outboard engines. Our Sturtevant, WI, facility, will be repurposed for new projects to pursue our plan to provide consumers with an unparalleled experience on the water. We remain committed to our Buy,...