BRP(DOOO)

Search documents
/R E P E A T -- BRP to Sell its Telwater Business to Yamaha Motor Australia/
Prnewswire· 2025-04-01 10:00
Core Viewpoint - BRP Inc. has entered into a definitive agreement to sell 100% of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., focusing on enhancing its core Powersports activities by divesting its Marine businesses [1][2][3] Group 1: Transaction Details - The sale includes renowned brands such as Quintrex, Stacer, and Savage under Telwater Pty, Ltd. [3] - The transaction is subject to customary closing conditions, including regulatory approval, and is expected to be completed in the second quarter of BRP's Fiscal 2026 [3] - National Bank Financial Inc. acted as the financial advisor, while Stikeman Elliott LLP served as the legal advisor for BRP in this transaction [4] Group 2: Company Background - BRP Inc. is a global leader in powersports products, with a portfolio that includes Ski-Doo, Lynx, Sea-Doo, Can-Am, Alumacraft, and Rotax brands [6] - The company reported annual sales of CA$7.8 billion and employed approximately 16,500 people as of January 31, 2025 [6]
BRP(DOOO) - 2025 Q4 - Earnings Call Transcript
2025-03-26 18:00
Financial Data and Key Metrics Changes - The company reported revenues of $7.8 billion, normalized EBITDA of $1 billion, and normalized EPS of $4.68, all within the revised guidance range [10][31]. - Inventory levels were reduced by 13% year-over-year, or 18% when excluding Snowmobile, which experienced softer retail demand [10][11]. - The fourth quarter revenues decreased by 20% to $2.1 billion, primarily due to lower shipments and higher sales programs [30]. Business Line Data and Key Metrics Changes - ORV retail was down about 10%, while ATV retail also saw a similar decline due to non-current unit dynamics [21][22]. - Seasonal product revenues decreased by 29% to $678 million, reflecting reduced shipments [24]. - Snowmobile retail was down low 30% in the quarter, with a better performance in February and March due to improved snow conditions [25][26]. Market Data and Key Metrics Changes - North American Powersports retail was down 21%, with a decline of 11% when excluding Snowmobile [12]. - EMEA and Asia Pacific markets saw retail declines of 11% and 10%, respectively, while Latin America outperformed with a 16% increase in retail [13]. - The company gained market share in current units despite losing ground in non-current units due to inventory reductions [16][17]. Company Strategy and Development Direction - The company aims to focus on its Powersports leadership position and capitalize on long-term growth opportunities [9][40]. - A decision was made to sell the Marine business, which is currently in the sales process [8]. - The company plans to continue investing in core activities and new product introductions to enhance market presence [9][19]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging fiscal year due to macroeconomic pressures and consumer demand [6][7]. - The company remains cautious about the upcoming production schedule and inventory management due to ongoing tariff disputes and economic uncertainty [32][38]. - Management refrained from issuing guidance for fiscal '26 due to unpredictable operating conditions and consumer confidence [38][39]. Other Important Information - The company achieved over $200 million in lean savings for the year, contributing to operational efficiency [8]. - Free cash flow from continuing operations exceeded $450 million, allowing for dividends and share repurchases [31]. - The company has a comfortable net leverage ratio of 2.6 times, providing balance sheet flexibility [31]. Q&A Session Summary Question: Industry inventory backdrop and competitive pricing considerations - Management noted that while the company is in a better inventory position, other OEMs have higher non-current inventory, which may affect market share in the first half of fiscal '26 [46][47]. Question: Expectations for production and CapEx trends - Management expects solid free cash flow generation and a slight increase in CapEx due to foreign exchange impacts [50]. Question: Network inventory situation and future expectations - Management confirmed that while ORV inventory is in good shape, Snowmobile inventory remains high, and they are cautious about production levels [56][57]. Question: Impact of tariffs on guidance and demand - Management indicated that the $40 million tariff impact is an estimate and that consumer demand has softened, affecting potential guidance [60][61]. Question: Non-current inventory challenges and market share - Management expects to face market share challenges in the first half of the year due to competitors' excess inventory [66]. Question: Cost savings impact on income statement - Management stated that cost savings would not automatically translate to price reductions, as they aim to protect profitability [68]. Question: Retail demand outlook in North America - Management observed that high-end products are performing well, while entry-level products are struggling due to inflation and high interest rates [74][76]. Question: Inventory management strategies moving forward - Management emphasized the importance of working closely with dealers to manage inventory levels effectively, especially in light of high interest rates [134].
BRP(DOOO) - 2025 Q4 - Earnings Call Presentation
2025-03-26 15:41
FOURTH QUARTER ENDED JANUARY 31, 2025 QUARTERLY REVIEW Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to Company's initial plan for normalized EPS for Fiscal 2026, its estimated financial impact of tariffs that are in effect to date, and its decision to defer providing guidance for Fiscal 2026 until the situation around potential tarriffs and changes to trade regulations further develops, , its current and ...
BRP(DOOO) - 2024 Q4 - Annual Report
2025-03-26 11:00
Exhibit 99.1 PRESS RELEASE For immediate distribution BRP PRESENTS ITS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS Highlights for FY25 Q4 Highlights for FY25 Fiscal 2026 full-year guidance • Given the ongoing global tariff disputes and the uncertainty surrounding any potential changes to trade regulations, the Company has decided to defer providing financial guidance for FY26. This uncertainty has also had a negative impact on consumer demand, making it difficult to offer reliable projections at this time. "B ...
BRP PRESENTS ITS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS
Prnewswire· 2025-03-26 10:00
Core Insights - BRP Inc. reported a significant decline in revenues and net income for the fiscal year 2025, primarily due to softer market demand and strategic inventory reduction efforts [3][4][5] Financial Performance - Revenues for Q4 FY25 were $2,097.6 million, a decrease of 19.7% compared to $2,611.5 million in Q4 FY24 [6][12] - For the twelve-month period ended January 31, 2025, total revenues decreased by 21.4% to $7,829.7 million from $9,963.0 million in the previous year [19] - The company experienced a net loss of $44.5 million in Q4 FY25, a decrease of 114.7% compared to a net income of $302.8 million in Q4 FY24 [7][17] - Normalized EBITDA for Q4 FY25 was $239.8 million, down 44.6% from $432.6 million in Q4 FY24 [16] Product Segments - Year-Round Products, which accounted for 54% of Q4 FY25 revenues, saw a revenue decrease of 17.4% to $1,127.1 million [12] - Seasonal Products, making up 32% of Q4 FY25 revenues, experienced a 28.9% decline to $677.6 million [12] - Revenues from PA&A and OEM Engines decreased slightly by 0.7% to $292.9 million [12] Market Dynamics - North American retail sales dropped by 21% in Q4 FY25, attributed to lower industry volumes in Snowmobiles and market share loss in Off-Road Vehicles [11][13] - The company proactively adjusted shipments to manage network inventory, resulting in short-term market share loss but protecting dealer network value [4] Strategic Outlook - The company has deferred providing financial guidance for FY26 due to ongoing global tariff disputes and economic uncertainty [3][5] - Long-term strategies focus on innovation and growth opportunities in the Powersports sector, supported by a strong dealer network and healthy balance sheet [5] Shareholder Returns - The company returned $277.0 million to shareholders through dividends and share repurchases during FY25 [25] - A quarterly dividend of $0.215 per share was declared, payable on April 18, 2025 [26]
/R E P E A T -- BRP TO PRESENT ITS FOURTH QUARTER AND FULL-YEAR RESULTS FOR FISCAL YEAR 2025/
Prnewswire· 2025-03-20 13:00
Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with over 80 years of experience and a strong consumer focus [3] - The company has annual sales of CA$10.4 billion and operates in over 130 countries, employing nearly 20,000 people as of January 31, 2024 [3] Upcoming Financial Results - BRP Inc. will hold its fourth quarter and full-year FY25 financial results conference call on March 26, 2025, at 9 a.m. (EDT) [1] - The press release detailing the financial results will be distributed on March 26 at approximately 6 a.m. (EDT) [2] - José Boisjoli, President and CEO, and Sébastien Martel, CFO, will present the results and address analyst questions during the call [1][2]
BRP Recognized by Prestigious iF Design Award for Can-Am Pulse and Can-Am Origin Electric Motorcycles
Prnewswire· 2025-03-18 12:30
Core Insights - The Can-Am Pulse and Can-Am Origin have set a new standard in the two-wheel electric vehicle market, recognized by the iF Design Award for their innovation, functionality, and aesthetics [1][2] Company Overview - BRP Inc. is a global leader in powersports products with over 80 years of experience, generating annual sales of CA$10.4 billion and employing nearly 20,000 people as of January 31, 2024 [7] Product Features - The Can-Am Pulse is designed for agility and stability, appealing to both new and experienced riders, particularly those of smaller stature [5] - The Can-Am Origin is a dual-sport electric motorcycle that offers a stable and comfortable ride, catering to powersports enthusiasts and urban commuters alike [6] Technological Innovations - Both models feature a liquid-cooled power system that minimizes battery degradation, optimizing range and charge time, allowing for a 20% to 80% charge in just 50 minutes using Level 2 charging [4]
BRP TO PRESENT ITS FOURTH QUARTER AND FULL-YEAR RESULTS FOR FISCAL YEAR 2025
Prnewswire· 2025-03-06 14:00
Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with over 80 years of experience and a strong consumer focus [3] - The company has annual sales of CA$10.4 billion and operates in over 130 countries, employing nearly 20,000 people as of January 31, 2024 [3] Upcoming Financial Results - BRP Inc. will hold its fourth quarter and full-year FY25 financial results conference call on March 26, 2025, at 9 a.m. (EDT) [1] - The press release detailing the financial results will be distributed on March 26 at approximately 6 a.m. (EDT) [2] - José Boisjoli, President and CEO, and Sébastien Martel, CFO, will present the results and address analyst questions during the call [1][2] Communication Details - Investors and analysts can join the call via a toll-free number in North America: 1 800 717 1738, using event code 55768 [2] - A webcast of the call will be available online, and an archived recording will be accessible for 30 days following the event [2]
BRP Celebrates Another Exceptional Year with 17 Design Awards in 2024
Prnewswire· 2025-02-17 14:00
Core Insights - BRP's design team has received recognition for their innovative products, showcasing a commitment to exceptional experiences in the powersports industry [1][6][10] Product Highlights - The Sea-Doo Spark has been recognized for its fun and accessible design, featuring improved comfort and sustainability through its lightweight and recyclable materials [1][7] - The Can-Am Maverick R combines race-inspired innovation with comfort and performance, featuring a driver-centric interior and a 10.25-inch digital touchscreen [2][9] - The Can-Am Outlander Pro is designed for durability and versatility, equipped with a powerful Rotax engine and modular design for customizable functionality [3][9] - The Ski-Doo Grand Touring Electric offers an emissions-free snowmobiling experience, appealing to both new and experienced riders [4][8] - The Sea-Doo Switch Cruise Limited enhances modularity and comfort with nearly 100 customizable options, designed for family outings [5] Awards and Recognition - BRP's 2024 lineup has received a total of 17 prestigious design honors, including five GOOD DESIGN Awards, highlighting the company's innovative approach [6][10] - The Sea-Doo Spark and Spark Trixx received accolades from multiple design awards, emphasizing their innovative features [7] - The Ski-Doo Grand Touring Electric and Lynx Adventure Electric have been recognized for their commitment to emissions-free exploration [8] - The Can-Am Maverick R and Outlander Pro have also received honors for their bold innovation and performance in diverse conditions [9] Company Overview - BRP Inc. is a global leader in powersports products with annual sales of CA$10.4 billion, employing nearly 20,000 people [11]
BRP and Tread Lightly! Launch The Responsible Rider Masterclass
Prnewswire· 2025-02-14 18:00
Core Insights - BRP Inc. and Tread Lightly! have launched the Responsible Rider Masterclass, a free online training series aimed at promoting safe and responsible riding within the global powersports community [1][2][3] Group 1: Program Details - The first module of the Responsible Rider Masterclass is available for snowmobilers, with plans for additional modules covering various outdoor activities in multiple languages [2][3] - The training series is designed to be interactive and entertaining, featuring powersports ambassadors [2] Group 2: Program Objectives - The Responsible Rider Masterclass is based on three pillars: riding etiquette, environmental stewardship, and safety [3] - The program aims to provide guidance for powersports enthusiasts to enjoy their activities sustainably for years to come [3] Group 3: Company Background - BRP Inc. is a global leader in powersports products, with annual sales of CA$10.4 billion and a workforce of nearly 20,000 employees [8] - The company is committed to responsible growth and is developing electric models for its product lines [8] Group 4: Tread Lightly! Overview - Tread Lightly! is a nonprofit organization focused on promoting responsible outdoor recreation through stewardship and ethics education [6] - The organization aims to balance outdoor recreation needs with environmental health through long-term educational initiatives [6]