BRP Launches Process for the Sale of its Marine Businesses

Core Insights - BRP Inc. is initiating a sale process for its Marine businesses, which include Alumacraft, Manitou, Telwater (Quintrex, Stacer, Savage, and Yellowfin), and Marine parts, accessories, and apparel, while excluding Sea-Doo products [1] - The decision to focus on Powersports Year-Round Products, Seasonal Products, Parts, Accessories, and Apparel, as well as the OEM Engine business, is driven by a challenging economic context [2] - The CEO of BRP stated that the company aims to strengthen its core Powersports activities and believes that the Marine brands can provide attractive value creation opportunities for a new owner [3] Company Strategy - BRP's objective is to solidify its position as a leading global Powersports OEM, capitalizing on growth opportunities and improving its margin profile for long-term success [3] - The company expects the sale process to be completed in the first quarter of Fiscal Year 2026, with no anticipated impact on its Fiscal Year 2025 guidance [4] - National Bank Financial Inc. has been retained to assist with the sale process [4] Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with annual sales of CA$10.4 billion and a workforce of nearly 20,000 [6] - The company has a diverse portfolio of brands, including Ski-Doo, Lynx, Sea-Doo, Can-Am, Alumacraft, and Manitou, and is committed to developing electric models for its existing product lines [6]