Financial Data and Key Metrics Changes - Revenue for fiscal year '24 increased by 3% to reach $10.4 billion, a record high for the company [19] - Normalized EBITDA remained stable at $1.7 billion, while normalized EPS decreased by 8% to $11.11 [19] - The company generated a record free cash flow of over $1 billion for the year [19] - For fiscal '25, the company expects revenues to decline to between $9.1 billion and $9.5 billion, with normalized EBITDA projected between $1.37 billion and $1.47 billion [10][11] Business Line Data and Key Metrics Changes - North American power sports sales increased by 8%, outperforming the industry growth of about 1% [20] - Retail performance in the fourth quarter showed a decline of 10% in North American power sports, primarily due to late shipments and unfavorable winter conditions [22] - Seasonal products revenue decreased by 28% to approximately $950 million, driven by lower volumes sold [28] - Marine revenue fell by 32% to $84 million due to lower boat shipments as dealers were cautious about inventory [33] Market Data and Key Metrics Changes - Retail in EMEA and Asia Pacific markets saw declines of 5% and 25% respectively, while Latin America experienced strong growth [24] - The company’s retail performance in North America was reported to be 35% higher than pre-COVID levels [21] - Snowmobile retail was impacted by unfavorable winter conditions, leading to a decline in the high teens percentage range [30] Company Strategy and Development Direction - The company plans to adopt a more cautious stance in planning for fiscal '25, reducing shipments to protect dealer value [10] - A focus on innovation and product introductions is expected to drive long-term success, with new electric models being launched [42][43] - The company aims to reduce network inventory levels by 10% to 15% to support dealer profitability [39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a softer consumer demand in certain international markets and a weaker industry trend in marine [9] - The company remains confident in its future, citing a strong product pipeline and the ability to adapt to market conditions [43] - Management expects fiscal '25 to be a transition year, with a focus on managing inventory and maintaining market share [13][41] Other Important Information - The company announced a 17% increase in dividends for fiscal '25, reflecting strong cash generation [12] - The company’s dealers are facing elevated inventory financing costs due to higher unit values and interest rates [39] Q&A Session Summary Question: Medium-term outlook for BRP and the industry - Management discussed the current year sales and earnings compared to potential new run rates, indicating a cautious but optimistic view for calendar '25 [47] Question: Revenue decline in guidance - The revenue decline was primarily attributed to snowmobiles, with management providing context on the size of the snowmobile business [49] Question: Capital allocation and free cash flow - Management confirmed expectations of generating around $750 million in free cash flow and discussed capital deployment strategies [73] Question: Pricing and competitive environment - Management noted that while inflation is impacting costs, they are adjusting pricing strategies to remain competitive [76] Question: Financial health of the dealer network - The financial health of the dealer network is reported to be good, despite higher interest costs [132]

Exhibit 99.1 PRESS RELEASE For immediate distribution BRP PRESENTS ITS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS Highlights for FY24 Q4 ● Revenues of $2,691.8 million, a decrease of $384.5 million or 12.5% compared to the same period last year, which was a record fourth quarter; ● Net income of $188.2 million, a decrease of $176.9 million or 48.5% compared to the same period last year; ● Normalized EBITDA [1] of $404.5 million, a decrease of $123.5 million or 23.4% compared to the same period last year; ● N ...

VALCOURT, QC, March 7, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its fourth quarter FY24 financial results conference call on Thursday, March 28, 2024.José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the fourth quarter of FY24 and address questions from analysts on a conference call at 9 a.m. (EDT).Fourth Quarter FY24 ResultsThe press release will be distributed on Canadian and American newswires on Thursd ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...

VALCOURT, QC, March 7, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its fourth quarter FY24 financial results conference call on Thursday, March 28, 2024. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the fourth quarter of FY24 and address questions from analysts on a conference call at 9 a.m. (EDT). Fourth Quarter FY24 ResultsThe press release will be distributed on Canadian and American newswires on Thur ...

Bicho_raroInvestment Thesis With January's 12-month PCE reading coming in at 2.4% and 2.8% Core, it can be seen that inflation has been decelerating from the 7% high in 2022. With that, there have been discussions of rate cuts in 2024 as the Fed seeks to achieve a soft landing. This would present an opportunity for consumer discretionary names such as BRP Inc. (NASDAQ:DOOO) (TSX:DOO:CA). In addition to the macro play, investors should consider BRP for its industry leadership in high-performance recreati ...

The company caps off the year with a total 12 international design awards VALCOURT, QC, Feb. 27, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO), a global leader in the world of powersports products and boats, continues to stand out with its innovative and trend-setting designs with five Good Design USA awards, which celebrate and reward products with the most iconic contemporary designs. Announced in December, all five BRP products that were submitted for consideration were rewarded: the Advex helme ...

VALCOURT, QC, Feb. 20, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) continues to offer the most complete and industry-leading snowmobiles in all market segments with its Ski-Doo and Lynx lineups for 2025. Whether it's more capability and confidence on the trail, in deep snow or rides designed to do both, there are specialized enhancements to discover and conquer terrain in winter's most challenging conditions. From family fun, to winter explorers to hard core enthusiasts - there's a ride that fits ...

Can-Am Factory Racers Win the UTV Overall, Taking First and Second in the UTV Pro Mod Class   VALCOURT, QC, Feb. 8, 2024 /PRNewswire/ - Can-Am, a brand of BRP (TSX: DOO) (NASDAQ: DOOO), stayed on the gas at the 2024 Ultra 4 King of the Hammers out in Johnson Valley, CA. The Can-Am Factory Racing Team proved to be the most successful force in UTV racing once again. Kyle Chaney convincingly won the UTV Hammers Championship overall and UTV Pro Mod class in his all-new Can-Am Maverick R, qualifying fastest and ...

Some of my favorite articles to write are those that highlight possible turnaround stocks. These are stocks whose share prices have been hammered over a short period. Companies that otherwise are excellent businesses. For example, in January 2019, I recommended seven stocks to buy that had lost 20% of their value over the past quarter. It’s fair to say that most of the names on the list have done exceptionally well over the past five years. The real outlier, however, was SVB Financial. It went on to crash a ...