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Can-Am and MeatEater Fortify Partnership to Champion Hunting, Conservation, and Outdoor Adventure
Prnewswire· 2025-10-28 13:00
Accessibility StatementSkip Navigation VALCOURT, QC, Oct. 28, 2025 /PRNewswire/ -Â Can-Am, iconic brand of BRP Inc. (TSX: DOO) (NASDAQ: DOOO), is proud to announce an expanded partnership with MeatEater, one of the leading voices in outdoor lifestyle and conservation. While the two brands have worked together in the past, this new chapter of the relationship will see Can-Am join the Official MeatEater Partnership Program as MeatEater's exclusive powersports partner. This collaboration represents the shared ...
Polaris Inc. Third Quarter 2025 Financial Results Available on Company's Website
Prnewswire· 2025-10-28 10:00
Accessibility StatementSkip Navigation MINNEAPOLIS, Oct. 28, 2025 /PRNewswire/ -- Polaris Inc. (NYSE: PII) reported third quarter 2025 financial results today through an earnings release posted on the Company's Investor Relations website at ir.polaris.com. The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and is available at sec.gov.  The Company will also hold a conference call with analysts and investors today at 9:00 a.m. CT. Conference Call and Webcast D ...
Ski-Doo Summit X with Expert Package Named 2026 Snowmobile of the Year by Snow Goer Magazine
Prnewswire· 2025-10-10 18:12
Core Insights - The 2026 Ski-Doo Summit X model with Expert Package has been awarded Snowmobile of the Year by Snow Goer magazine, highlighting its innovation and performance in the snowmobiling industry [1][2]. Product Features - The Summit X with Expert Package offers enhanced stability and ease of handling, allowing for less demanding rides and enabling hardcore mountain riders to push their limits further [2]. - It is built on the REV Gen5 platform and features Rotax 850 E-TEC engines, providing superior handling and performance with a 32-inch wide front suspension and advanced steering systems [2]. - The design improvements facilitate easier deep snow carving and better steering control, enhancing the overall riding experience [2]. Company Background - BRP Inc. is a global leader in powersports products, with a history of over 80 years and annual sales of CA$7.8 billion as of January 31, 2025 [4]. - The company is committed to innovation and responsible growth, including the development of electric models for its product lines [4].
BRP (NasdaqGS:DOOO) 2025 Earnings Call Presentation
2025-10-09 13:30
ANALYST & INVESTOR DAY 2025 OCTOBER 08-09 VALCOURT | CANADA Analyst and Investor Day Valcourt, Québec | October 09, 2025 Forward-Looking Statements Caution concerning forward-looking statements Certain statements in this presentation, including, but not limited to, statements relating to the Company's Fiscal Year 2026 Guidance and related assumptions (including without limitation Revenues, Normalized EBITDA, Normalized Earnings per Share – Diluted, Net Income, Depreciation Expenses Adjusted, Net Financing C ...
Massimo Group Introduces MVR Series with Enclosed HVAC Golf and Utility Carts
Prnewswire· 2025-09-30 12:30
Accessibility StatementSkip Navigation MVR Cargo Max offers expanded utility with a cargo-ready design for maintenance, construction, and security use GARLAND, Texas, Sept. 30, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) today announced the launch of its 2026 MVR Series, featuring the MVR HVAC Golf Cart and MVR Cargo Max Electric Utility Cart—the first fully enclosed electric carts in their class to come standard with integrated heating and air conditioning. Continue Reading Massimo MVR Series - H ...
Polaris Schedules Third Quarter 2025 Earnings Conference Call and Webcast
Prnewswire· 2025-09-30 11:00
Accessibility StatementSkip Navigation MINNEAPOLIS, Sept. 30, 2025 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that it will release its third quarter 2025 financial results on Tuesday, October 28, 2025, and will hold a conference call and webcast at 9:00 AM central time on the same day to discuss the results. The call will be hosted by Mike Speetzen, Chief Executive Officer, and Bob Mack, Chief Financial Officer. The financial results will be posted on the company's website at ir.polaris.com. ...
Massimo Group Integrates Claude AI with Oracle NetSuite ERP to Enhance Operations and Customer Engagement
Prnewswire· 2025-09-24 12:30
Core Insights - Massimo Group integrates Claude AI into its Oracle NetSuite ERP systems to enhance operational efficiency and customer engagement, aiming for long-term shareholder value [1][2][3] Company Overview - Massimo Group is a manufacturer and distributor of powersports vehicles, including UTVs, ATVs, and mini bikes, headquartered in Texas [4] Strategic Initiative - The integration of Claude AI with Oracle NetSuite is expected to streamline workflows, enhance decision-making, and optimize collaboration across various departments such as sales, supply chain, finance, marketing, and customer service [2][3] - This initiative is part of Massimo's strategy to leverage advanced technology to improve productivity and customer experiences, positioning the company for growth into 2026 and beyond [3] Expected Outcomes - The deployment of AI is anticipated to accelerate product development cycles, improve supply chain coordination, and provide more responsive customer support, thereby enhancing operational performance [3]
2 High-Yield Dividend Stocks to Scoop Up Before It's Too Late
The Motley Fool· 2025-09-13 07:25
Group 1: Dividend Stocks Overview - Dividend stocks provide income investors with a way to offset market downturns and build wealth through reinvested dividends, typically representing stable and mature businesses [1] - Ford Motor Company and Polaris have seen their stock prices decline by 24% and 46% over the past three years, respectively, while the S&P 500 gained 62%, but both companies are positioned for a rebound [2] Group 2: Polaris Analysis - Polaris is a well-known brand in the powersports industry, recognized for its innovative products since 1954, including snowmobiles and ATVs [3] - The company is currently facing challenges such as declining top-line revenue expected in 2025 due to weaker consumer demand, tariffs, and inflation, leading to cautious inventory management by dealers [4] - Despite these challenges, Polaris reported revenue exceeding expectations in the second quarter, gained market share, and achieved its highest second-quarter operating cash flow in over five years [5] - Polaris has competitive advantages including brand image, innovative history, and lean manufacturing, which could lead to improved profit margins if volume growth returns in the off-road segment [6] Group 3: Ford Analysis - Ford is transitioning towards electric vehicles (EVs) but faces challenges with profitability, having lost $5.1 billion in its Model-e division in 2024 [7] - The company is implementing a new Ford Universal EV Platform and Production System aimed at improving manufacturing efficiency, with expected production speed increases of 40% [9] - The new EV platform will reduce parts by 20% and is expected to support multiple models, starting with an electric pickup truck in 2027, projected to be profitable at a price point around $30,000 [11] - If Ford successfully transforms its Model-e division, it could lead to significant bottom-line gains for investors, alongside a lucrative 5.1% dividend yield [12] Group 4: Investment Considerations - Both Polaris and Ford operate in cyclical industries but have established businesses and offer high-yield dividends, with potential for growth through Polaris's turnaround and Ford's EV strategy [13]
BRP Wraps Up a Successful Club BRP 2026
Prnewswire· 2025-09-12 12:30
Core Insights - BRP Inc. held its largest annual event, Club BRP 2026, showcasing new products and recognizing top dealers [1][2] - The company launched the 2026 Can-Am Outlander Electric, expanding its electric powersports offerings [3] - BRP introduced several innovative products, including the next generation of Can-Am Defender and new Sea-Doo models [4][6] Product Launches - The 2026 Can-Am Outlander Electric is powered by the modular Rotax E-Power powerpack, similar to previous electric models [3] - Can-Am Defender received a comprehensive redesign, enhancing its capabilities as a utility-recreational side-by-side vehicle [4] - New features for Can-Am Spyder, Ryker, and Canyon include fresh colors and over 250 innovative accessories [5] Dealer Recognition - BRP recognized top dealers and distributors for their achievements in customer service and market performance during the event [7][9] - Sheridan Powersports was awarded U.S. Dealer of the Year for Can-Am ATVs and SSVs, highlighting their commitment to customer experience [8] Responsible Riding Initiative - The Responsible Rider Masterclass was launched to promote safe riding practices among dealers and customers [10][11] - The program, developed with Tread Lightly!, aims to empower the global powersports community to ride responsibly [11][12] - The dealer-specific edition of the Masterclass includes practical tools for enhancing customer experience and promoting responsible recreation [12] Company Overview - BRP is a global leader in powersports products, with annual sales of CA$7.8 billion and a workforce of approximately 16,500 [13] - The company focuses on innovation and sustainability, developing electric models across its product lines [13]
BRP(DOOO) - 2026 Q2 - Earnings Call Transcript
2025-08-29 14:00
Financial Data and Key Metrics Changes - The company reported revenue of $1.9 billion, a 4% increase year-over-year, primarily driven by stronger ORV shipments, offset by lower personal watercraft deliveries [20][4] - Normalized EBITDA was $213 million, and normalized EPS was $0.92, which included approximately $0.35 from tax credits recorded in the quarter [20][4] - Free cash flow from continuing operations reached $100 million, with over $270 million in cash at the end of the quarter, indicating a solid balance sheet [20][4] Business Line Data and Key Metrics Changes - North American powersports retail decreased by 11%, with Canada showing a 4% growth driven by ORV, while the U.S. experienced a 15% decline [5][6] - Year-round product revenue increased by 13% to $1.1 billion, driven by higher ORV shipments following last year's inventory reduction plan [13] - Seasonal product revenues decreased by 13% to $470 million, mainly due to a planned reduction in personal watercraft shipments [16] Market Data and Key Metrics Changes - Retail in Latin America grew by 22%, led by strong performance in ORV, while Asia Pacific saw a 5% increase, marking the first growth in two years [6] - EMEA experienced a 13% decline in retail, consistent with industry trends [6] - The overall global industry trend showed slight improvement compared to previous quarters [7] Company Strategy and Development Direction - The company announced a definitive agreement for the sale of Manitou, expected to close soon, indicating strategic divestment [4] - The introduction of new products, including the new generation Can Am Defender and expanded electric vehicle offerings, is aimed at gaining market share [9][11] - The company is focused on operational efficiency and managing shipments to improve network inventory positions [19][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second half of the year, citing improved visibility on expected deliveries and a strong reception for new products [23][24] - The macroeconomic environment remains uncertain, but the company is well-positioned to capture demand upside when market conditions improve [23][24] - Management highlighted the importance of adapting to tariff situations and maintaining competitive pricing strategies [34][36] Other Important Information - The company is experiencing a 20% year-over-year reduction in network inventory, which is expected to enhance competitiveness and protect brand value [21][22] - The guidance for fiscal year 2026 includes revenues of $8.15 billion to $8.3 billion, normalized EBITDA of $1.04 billion to $1.09 billion, and normalized EPS of $4.25 to $4.75 [25][26] Q&A Session Summary Question: What are the tariff scenarios that you're contemplating? - Management indicated that they are closely monitoring the USMCA and are prepared to adapt to any regulatory changes [33][34] Question: Can you shed light on your plans to mitigate the tariff exposure? - The company is actively working on sourcing strategies and production adjustments to minimize tariff impacts [36][37] Question: What does the retail outlook look like for the second half? - Management expects retail to improve in the second half, particularly in ORV, as inventory levels are cleaner and new products are introduced [46][68] Question: How do you see the revenue profile outlook with the alignment of wholesale and retail? - Management noted that destocking has had a significant revenue impact, but they anticipate a recovery as inventory levels normalize [52][53] Question: What are the expectations for margins going forward? - The company expects to see margin improvements due to reduced promotional activity and better inventory management [60][61] Question: What are the factors driving the discrepancy in retail sales between Canada and the U.S.? - Management attributed the differences to macroeconomic conditions, including inflation and consumer confidence in the U.S. compared to Canada [110][112]