Core Insights - The company reported strong financial results for the third quarter and nine-month periods ended October 31, 2025, with significant increases in revenue, profitability, and free cash flow, driven by new product launches and market share gains in North America [3][8][12]. Recent Events - The company received NASDAQ approval to change its ticker symbol from "DOOO" to "DOO," effective December 8, 2025, aligning its stock market symbols across TSX and NASDAQ [2]. Financial Highlights - Revenues for the three-month period increased by 14.0% to CAD 2,250.3 million compared to CAD 1,973.5 million in the same period last year [6][14]. - Gross profit rose by 24.4% to CAD 541.2 million, with a gross profit margin of 24.1%, up from 22.0% [6][16]. - Net income surged by 150.0% to CAD 76.5 million, while normalized EBITDA increased by 21.3% to CAD 325.6 million [6][19]. - For the nine-month period, revenues increased by 3.5% to CAD 5,985.4 million, with net income rising by 156.0% to CAD 294.6 million [23][25]. Fiscal Year 2026 Guidance - The company has increased its guidance for FY26, projecting total revenues of approximately CAD 8,300 million and normalized diluted earnings per share of around CAD 5.00 [9][10]. - Key assumptions for FY26 include adjusted depreciation expenses of approximately CAD 445 million and net financing costs of around CAD 190 million [10]. Product Performance - Year-Round Products accounted for 56% of Q3 FY26 revenues, with a 22.1% increase to CAD 1,265.6 million, driven by higher unit sales and favorable product mix [14][21]. - Seasonal Products revenues decreased by 1.6% to CAD 606.2 million, primarily due to lower Snowmobile sales [21]. - Revenues from PA&A and OEM Engines increased by 17.8% to CAD 378.5 million, attributed to higher sales volume [21]. Retail Sales Trends - North American retail sales decreased by 4% for the three-month period, impacted by lower Seasonal Products sales, although SSV retail saw market share gains [13][15]. Cash Flow and Capital Expenditures - The company generated CAD 784.3 million in net cash flows from operating activities for the nine-month period, a significant increase from CAD 402.5 million in the previous year [27]. - Capital expenditures totaled CAD 196.9 million, focusing on new product introductions and software infrastructure modernization [28].

Core Points - BRP Inc. celebrated its fourth Yellow Day event on November 20, 2025, raising over CAD $300,000 to combat bullying [1][2] - The event saw participation from over 6,000 individuals, including employees, dealers, and partners, who wore yellow to promote awareness [1][2] - BRP has committed to donating for every public post featuring the hashtag RideOutIntimidation, leading to contributions to various anti-bullying organizations globally [2][3] Company Initiatives - The Yellow Day event is part of BRP's Ride Out Intimidation program, which aims to create safe environments in workplaces and communities [1][2] - BRP donated CAD $27,000 to five charities chosen by ambassadors, supporting their efforts against bullying [3] - Since 2022, BRP has invested over CAD $10 million in charitable contributions through its Ride Out Intimidation program [5] Community Engagement - Monuments and main roads in Australia were illuminated in yellow to raise awareness for Yellow Day, showcasing community solidarity [4] - BRP's Vice-President emphasized the importance of collective action in creating a world free from intimidation [2] Company Overview - BRP Inc. is a global leader in powersports products, with annual sales of CAD $7.8 billion and a workforce of approximately 16,500 as of January 31, 2025 [6][7] - The company is committed to responsible growth and is developing electric models for its product lines [6]

Core Insights - Can-Am, a brand of BRP Inc., has announced a new package for the Defender and a new color for the Outlander Electric, enhancing accessibility and innovation in their product lineup [1][4]. Product Announcements - The new Defender DPS CAB HD10 with HVAC starts at $23,999 USD and is positioned as the most affordable HVAC-equipped side-by-side in the industry, available in three-seat and MAX (six-seat) configurations [1][2]. - The Outlander Electric, now available in Dark Wildland Camo, starts at $13,599 USD and is designed specifically for the hunting community, offering a silent ride experience [1][3]. Market Positioning - The Defender lineup is recognized for its reliability and performance, catering to farmers, ranchers, and outdoor enthusiasts, with the new package aimed at making it more accessible to a broader audience [2][4]. - The introduction of the Dark Wildland Camo colorway for the Outlander Electric enhances its appeal to hunters, providing better concealment in natural environments [3][4]. Company Overview - BRP Inc. is a global leader in powersports products, with annual sales of CA$7.8 billion and a workforce of approximately 16,500 employees as of January 31, 2025 [5].

Core Points - BRP Inc. will hold its third quarter FY26 financial results conference call on December 4, 2025, at 9 am (ET) [1] - The press release regarding the financial results will be distributed on December 4 at approximately 6 am (ET) [2] - Business media can join the call but will not be allowed to ask questions; an archived recording will be available for 30 days after the event [3] Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with over 80 years of experience [4] - The company reported annual sales of CA$7.8 billion and operates in over 130 countries, employing approximately 16,500 people as of January 31, 2025 [4] - BRP's product portfolio includes brands such as Ski-Doo, Lynx, Sea-Doo, Can-Am, Quintrex, and Rotax, and the company is committed to developing electric models for its existing product lines [4]

Group 1 - Turtle Creek Asset Management's portfolio showed a 0.4% increase in net asset value for Q3 2025, underperforming compared to the S&P MidCap 400 index's 7.7% increase and the S&P/TSX Completion index's 16.3% gain [1] - The Turtle Creek Synthetic PE Fund increased by 1.4%, while the Turtle Creek United States Equity Fund decreased by 1.0%, and the Turtle Creek Canadian Equity Fund increased by 7.8% during the same period [1] - The investor letter emphasizes the firm's belief in the portfolio's compelling opportunities despite a highly valued market environment [1] Group 2 - BRP Inc. (NASDAQ:DOOO) was highlighted as a significant stock, with a one-month return of -3.48% and a 52-week gain of 34.92% [2] - As of November 12, 2025, BRP Inc. shares closed at $64.81, with a market capitalization of $4.733 billion [2] - The firm noted that BRP Inc. experienced a short-term negative impact on unit price after being added to the portfolio, despite a recovery in share price to around $95 [3] Group 3 - The investment strategy involves adding companies when they are attractively valued, often after a share price decline, as demonstrated by BRP Inc.'s fluctuating share price [3] - The firm has a history of purchasing additional shares at lower prices, which can initially lead to negative contributions to unit price performance [3] - The approach of buying and holding is expected to yield positive returns over time, as seen with BRP Inc. [3]

Core Viewpoint - BRP Inc. (DOOO) has shown a downtrend recently, losing 6.5% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be subsiding, which is a bullish signal for the stock [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that despite a downtrend, buyers are starting to emerge [4][5]. - The effectiveness of the hammer pattern is enhanced when used alongside other bullish indicators, as its strength depends on its placement on the chart [6]. Fundamental Analysis - There has been a recent upward trend in earnings estimate revisions for DOOO, which is a positive fundamental indicator, as such trends are correlated with near-term stock price movements [7]. - The consensus EPS estimate for the current year has increased by 0.4% over the last 30 days, indicating strong agreement among analysts regarding the company's potential for better earnings [8]. - DOOO holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10].

Core Insights - QV Investors Inc. has initiated a new position in BRP, holding 482,623 shares valued at approximately $29.35 million as of September 30, 2025, representing 2.54% of the fund's U.S. equity AUM [1][2]. Company Overview - BRP, known for its powersports vehicles and marine products, reported trailing twelve-month revenue of $7.75 billion and a net loss of $37.6 million [2][3]. - The company's dividend yield stands at 0.95%, with shares priced at $64.42 as of October 29, 2025, reflecting a 25.8% increase over the past year, outperforming the S&P 500 by 7.89 percentage points [2][3]. Financial Performance - Despite macroeconomic challenges, BRP's revenue for the fiscal second quarter ending July 31 increased by 4% year-over-year to CA$1.9 billion [8]. - Net income rose by 36% year-over-year to CA$57.1 million, attributed to inventory adjustments [9]. - BRP anticipates fiscal year 2026 sales between CA$8.1 billion and CA$8.3 billion, up from CA$7.8 billion in the previous year [9]. Market Position - BRP operates a manufacturing and distribution model, leveraging a global network of independent dealers and OEM partnerships to reach a diverse customer base across North America, Europe, and Asia Pacific [4][5]. - The company is recognized as a leader in the powersports industry, indicating strong long-term investment potential [10].

Company Performance - BRP Inc. has returned 29.3% year-to-date, significantly outperforming the average gain of 13% in the Auto-Tires-Trucks sector [4] - The Zacks Consensus Estimate for BRP Inc.'s full-year earnings has increased by 26.3% over the past quarter, indicating improving analyst sentiment [3] Industry Context - BRP Inc. is part of the Auto-Tires-Trucks group, which ranks 10 within the Zacks Sector Rank, consisting of 99 companies [2] - Within the Automotive - Original Equipment industry, which includes 51 companies, BRP Inc. ranks 83 in the Zacks Industry Rank, with the average stock in this group gaining 3.7% this year [6] Competitive Landscape - Garrett Motion, another stock in the Auto-Tires-Trucks sector, has returned 93% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - Both BRP Inc. and Garrett Motion are expected to maintain solid performance in the Auto-Tires-Trucks sector [7]

Core Insights - Can-Am has expanded its partnership with MeatEater, becoming the exclusive powersports partner in the Official MeatEater Partnership Program, emphasizing shared values in ethical hunting and outdoor adventure [1][2][3] Partnership Details - The partnership will feature Can-Am products in various MeatEater media, including the "MeatEater" television series, podcasts, and social media [2][3] - Can-Am will provide all-terrain vehicles (ATVs) and side-by-sides (SSVs) to MeatEater's team, enhancing their outdoor activities [2][3] Brand Commitment - Can-Am aims to promote responsible outdoor exploration and conservation through this partnership, aligning with MeatEater's mission to inspire outdoor experiences [3][7] - The collaboration is expected to engage a new generation of outdoor enthusiasts, focusing on ethical hunting and protecting outdoor access [3][7] Company Background - BRP Inc., the parent company of Can-Am, is a leader in powersports products with annual sales of CA$7.8 billion and a workforce of approximately 16,500 as of January 31, 2025 [4] - MeatEater, founded by Steven Rinella, is a prominent outdoor lifestyle media company known for its commitment to conservation and outdoor adventure [7]

Core Insights - Can-Am's Canyon Redrock model has been awarded the 2025 Motorcycle of the Year by Rider Magazine, marking a significant achievement as the first 3-wheel vehicle to receive this honor [2][3][4] - This recognition underscores Can-Am's commitment to innovation and excellence in design, aiming to redefine the open-road riding experience [2][4] Company Overview - BRP Inc. is a global leader in powersports products, with a diverse portfolio that includes Ski-Doo, Sea-Doo, and Can-Am vehicles, among others [6] - The company reported annual sales of CA$7.8 billion and employs approximately 16,500 people as of January 31, 2025 [6] Product Features - The Can-Am Canyon is designed for adventure, featuring higher ground clearance, longer suspension travel, and advanced technology, catering to riders of all skill levels [4][5] - The Canyon lineup includes three trims: Standard, XT, and Redrock, with 25 purpose-built accessories available for customization [5]