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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]
Can-Am Factory Racer Kyle Chaney Earns Historic Win at the 2025 King of the Hammers
Prnewswire· 2025-02-10 19:47
Core Insights - Kyle Chaney and his co-driver Terry Madden achieved victory in the 4400 Unlimited race at the King of the Hammers, showcasing the capabilities of the Can-Am Maverick R platform with a completion time of 7 hours, 53 minutes, and 45 seconds [2][3] - Can-Am drivers dominated the Pro Mod class in the UTV Hammers Championship race, with Cody Miller winning the Pro Mod and finishing second overall, while Nathan Parker and Paul Wolf secured second and third in Pro Mod respectively [4] Company Overview - BRP Inc. is a global leader in powersports products, with a diverse portfolio including Ski-Doo, Lynx, Sea-Doo, and Can-Am vehicles, as well as boats and propulsion systems, generating annual sales of CA$10.4 billion from over 130 countries [6]
Join BRP's Yellow Day to Ride Out Intimidation
Prnewswire· 2025-02-07 13:30
Core Points - BRP is actively combating bullying through its Yellow Day initiative, which includes donations to anti-bullying organizations for social media engagement [1][2] - The company highlights the prevalence of bullying, stating that one in three children faces bullying at school and nearly half of professionals experience it in the workplace [2] - Since 2022, BRP has partnered with nearly 30 anti-bullying organizations globally, including the Born This Way Foundation and Ditch the Label, to support community initiatives [3] Company Overview - BRP Inc. is a global leader in powersports products, with over 80 years of experience and annual sales of CAD $10.4 billion from over 130 countries [4] - The company offers a diverse portfolio of brands, including Ski-Doo, Sea-Doo, and Can-Am, and is committed to developing electric models for its product lines [4] - BRP employs close to 20,000 people and focuses on responsible growth and consumer-centric innovation [4]
Can-Am Charges to 2nd Place Overall in First Dakar Rally Outing with the Maverick R
Prnewswire· 2025-01-20 15:01
Core Insights - Can-Am, a brand of BRP Inc., achieved a second-place finish and ten stage wins in the 2025 Dakar Rally, showcasing the performance of the Maverick R platform in challenging conditions [1][11] - The team demonstrated resilience and adaptability, with notable performances from drivers such as Francisco "Chaleco" López, who secured five stage wins, and other racers who contributed to the overall success [2][3][11] Performance Highlights - Francisco "Chaleco" López led the team with five stage wins, the highest in the T4 Side-by-Side Vehicle Class, finishing with a total time of 61 hours 19 minutes and 15 seconds [1][2] - Sara Price and Jeremías González Ferioli also achieved stage wins, with Price securing three stage wins despite early race issues [4][5][6] - Rookie Hunter Miller finished in the top ten overall, demonstrating strong potential with a notable fourth-place finish on stage four [8][9][10] Vehicle Performance - The Maverick R's advanced features, including a tall-knuckle suspension design and a turbocharged three-cylinder Rotax engine, were highlighted as key factors in the team's success [11] - The vehicle's performance improved significantly after initial challenges, leading to a series of stage wins and a strong finish in the rally [3][7] Team and Management Insights - BRP Race Manager Jean-Francois Leclerc praised the team's effort and adaptability throughout the rally, emphasizing the positives to build on for future competitions [2] - The team expressed a commitment to learning from the experience and returning stronger for the next Dakar Rally [7][10]