BRP says Q1 profit up as company reveals CEO José Boisjoli to retire soon
VALCOURT – BRP Inc. says its latest quarter delivered a soaring profit but revenue ticked lower over the same period.
The Ski-Doo and Sea-Doo maker says its first-quarter profit amounted to $161 million or $2.19 per diluted share for the quarter ended April 30.
The result compared with a profit of $42.5 million or 56 cents per diluted share a year earlier.
Revenue for the quarter totalled $1.8 billion compared with just shy of $2 billion a year prior.
On a normalized basis, BRP says it earned 47 cents per diluted share in its latest quarter compared with a normalized profit of $1.58 per diluted share a year ago.
The results were released the same day as BRP revealed president and CEO José Boisjoli will retire at the end of the fiscal year. He spent 22 years in the top job of the Valcourt, Que.-based company, which is searching for his successor.
Monday Mornings
The latest local business news and a lookahead to the coming week.
This report by The Canadian Press was first published May 29, 2025.
Companies in this story: (TSX:DOO)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
6 hours ago
- Winnipeg Free Press
Premiers, PM talk about ‘generational change' after high-stakes meeting
SASKATOON — Manitoba Premier Wab Kinew said the nation-building projects discussed by the premiers and Prime Minister Mark Carney on Monday present a 'generational opportunity for Canadians,' especially those who live in poorer communities. Provincial and territorial leaders sat down with Carney in Saskatoon and each premier was armed with wish lists of major projects they hope the federal government will deem to be in the national interest, then fast-track for approval. 'The point is to build the certainty, the stability and the ambition that builders need to catalyze enormous investment — investment to make Canada into an energy superpower,' Carney said at the closing news conference. Premier of Manitoba Wab Kinew, left to right, Prime Minister Mark Carney, Minister of Intergovernmental Affairs of Canada Dominic LeBlanc, Premier of Québec François Legault, Premier of New Brunswick Susan Holt, and Premier of the Northwest Territories R.J. Simpson during the First Minister's Meeting in Saskatoon on Monday, June 2, 2025. (Liam Richards / The Canadian Press) Ontario Premier Doug Ford said the gathering was the 'best' they have had in the last decade — a light jab at former prime minister Justin Trudeau, who frequently had frosty relations with the group, especially prairie premiers looking to build out the energy sector. Ford said the premiers, and the whole country along with them, stand united as Canada comes under attack from U.S. President Donald Trump's tariffs — even as some in the group scrapped over pipeline politics. While the group mulled over a number of potential natural resource and infrastructure developments in private, they did not release a final list. 'Nothing was carved in stone at this meeting,' Ford said, adding he had no expectations the prime minster would approve specific projects at the meeting. 'I described him today as Santa Claus. He's coming and his sled was full of all sorts of stuff. Now he's taking off back to the North Pole and he's going to sort it out and he's going to call us.' The federal Liberals have yet to reveal in Parliament their promised legislation to speed up approvals for select projects to a maximum of two years. That could be tabled as early as this week. When he was pressed on the lack of specifics after the meeting, Carney said he could name lots of examples of contenders. He rattled off a list that included the Grays Bay Road and Port, which would connect southern Canada to the Arctic by road, along with the Ring of Fire mining project in northern Ontario. Notably, he mentioned the Pathways Alliance oilsands project, though he did not commit to any. Carney said the group would refine what should count as priority projects over the summer and touted that as 'private proponents become aware of the opportunity here, we're going to see more projects coming forward.' He said the upcoming federal legislation will also mandate meaningful consultation with Indigenous Peoples, including in which projects get picked and how they are developed. Alberta Premier Danielle Smith went into the meeting warning that any list that doesn't include new pipelines would send a bad message to her province. She left the meeting on a positive note, saying it's up to political leaders to find a proponent for a new pipeline and that she's willing to give this process a chance. Premier of Saskatchewan Scott Moe, left to right, Premier of Manitoba Wab Kinew, and Premier of Newfoundland and Labrador John Hogan during to the First Minister's Meeting in Saskatoon on Monday, June 2, 2025. (Liam Richards / The Canadian Press) 'I'm encouraged by the immediate change of tone that we've seen from recent months,' she said. 'When we hear the prime minster talking about being an energy superpower, we haven't heard that language for some time.' Before the meeting, Kinew was asked how confident he was that one of his pet projects — modernizing the Port of Churchill — would get the green light from Ottawa. 'We need to get our natural resources in Canada to tidewater. I think, in time, you'll see that Hudson Bay is probably the most tenable course towards hitting international tide waters.' He was asked about the challenges of building a heavy-traffic rail line to the northern port. 'We have tidewater. We've got communities who are ready to engage in northern Manitoba to bring these natural resources to market. So let's use the private sector to figure out the engineering, the best route and how to energize the Western Canadian engine that's going to power the Canadian economy,' he said. In April, Kinew and Nunavut Premier P.J. Akeeagok signed a statement to work together to push for an energy corridor to the North. Akeeagok said Monday he sees the potential to strengthen Canada's sovereignty and the North, for a change. 'The infrastructure gap between north and south is something that, I think, we're all taking note of, and that this is our moment as a country where we're unified around wanting to see us prosper and to become stronger and very much look forward to seeing actual infrastructure built to ensure that our communities are healthy,' Nunavut's premier said. When asked how he'd like to see fellow premiers react if their projects don't make the cut, Kinew used a hockey metaphor. 'This is Team Canada and it doesn't matter if you're the first shift for the initial puck drop or if you're there killing the penalties. At the end of the day, everyone's going to have their time on ice and everyone's going to have a role in building up this great country,' he said. On the issue of Chinese tariffs on Canadian agriculture and seafood products, the prime minister said he plans to work urgently to have them removed. Carney called it a top priority and said Ottawa is speaking with Chinese officials at the ministerial level. Premier of Manitoba Wab Kinew speaks to media prior to the First Minister's Meeting in Saskatoon on Monday, June 2, 2025. (Liam Richards / The Canadian Press) A statement released after the meeting said premiers want Canada's trading relationship with China to improve. Beijing imposed retaliatory tariffs of 100 per cent on Canadian canola oil and meal, peas and seafood after Ottawa slapped levies on Chinese-made electric vehicles, steel and aluminum. Saskatchewan Premier Scott Moe has said China's tariffs threaten his province's canola industry. Wednesdays Columnist Jen Zoratti looks at what's next in arts, life and pop culture. Kinew agreed it's a major priority for Manitoba. 'I think it speaks to the fact that we're trying to solve this complex, multi-variable equation: We have the Trump administration on one side and then we have an ascendant People's Republic of China on the other side,' he said. 'I think that this meeting here today of the first ministers… is an important step forward for us being able to have that showdown with China, have that showdown with the Trump administration and make sure that you and your jobs come out on top.' — with files from The Canadian Press Carol SandersLegislature reporter Carol Sanders is a reporter at the Free Press legislature bureau. The former general assignment reporter and copy editor joined the paper in 1997. Read more about Carol. Every piece of reporting Carol produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
Winnipeg Free Press
8 hours ago
- Winnipeg Free Press
Removing Chinese tariffs on Canadian agriculture products a priority, says Carney
SASKATOON – Prime Minister Mark Carney says he plans to work urgently to remove Chinese tariffs on Canadian agriculture and seafood products. Carney says Ottawa is speaking with Chinese officials at the ministerial level and that the issue is a top priority for the federal government. The commitment comes after a meeting the prime minister had with the country's premiers in Saskatoon. A statement released after the meeting says premiers want Canada's trading relationship with China to improve. Beijing imposed retaliatory tariffs of 100 per cent on Canadian canola oil and meal, peas and seafood after Ottawa slapped levies on Chinese-made electric vehicles, steel and aluminum. Monday Mornings The latest local business news and a lookahead to the coming week. Saskatchewan Premier Scott Moe has said China's tariffs threaten the province's canola industry. This report by The Canadian Press was first published June 2, 2025.
Cision Canada
9 hours ago
- Cision Canada
Andlauer Healthcare Group Announces Filing and Mailing of Information Circular and Receipt of Interim Order in Connection with its Acquisition by UPS
TORONTO, June 2, 2025 /CNW/ - Andlauer Healthcare Group Inc. (TSX: AND) (" AHG" or the " Company") today announced that its management information circular (the " Information Circular") in connection with the Company's upcoming special meeting (the " Meeting") of the holders (the " Shareholders") of the Company's multiple voting shares and subordinate voting shares (collectively, the " Shares") is available under AHG's profile on SEDAR+ ( as well as on the Company's website at The physical delivery to Shareholders of the Information Circular and related materials for the Meeting (collectively, the " Meeting Materials") has also commenced. The Meeting is being held for Shareholders to consider and vote on a special resolution (the " Arrangement Resolution") approving a plan of arrangement pursuant to which affiliates of UPS (NYSE: UPS) will acquire all of the issued and outstanding Shares for C$55.00 per Share in cash (the " Arrangement"), as more fully described in the Information Circular. The Arrangement Resolution requires approval of at least two-thirds (66 ⅔%) of the votes cast by Shareholders at the Meeting, voting together as a single class. Michael Andlauer and Andlauer Management Group Inc., the Company's largest Shareholder, and each of the Company's other directors and officers have entered into voting and support agreements pursuant to which they have agreed, subject to the terms thereof, to support and vote all of their Shares in favour of the Arrangement. Consequently, holders of approximately 2.6% of AHG's subordinate voting shares and holders of 100% of its multiple voting shares, representing approximately 82.4% of the total voting power attached to all of the Shares, have agreed to vote their Shares in favour of the Arrangement Resolution. The Company will hold the Meeting in a virtual-only meeting format, online at on June 24, 2025 at 11:00 a.m. (Toronto time). Only Shareholders of record at the close of business on May 13, 2025 (the " Record Date") will be entitled to vote at the Meeting. Shareholders are encouraged to read the Information Circular in its entirety and vote their Shares as soon as possible ahead of the proxy voting deadline of 11:00 a.m. (Toronto time) on June 20, 2025 or, if the Meeting is adjourned or postponed, at least 48 hours (excluding Saturdays, Sundays and holidays in the Province of Ontario) prior to the commencement of the reconvened Meeting (the " Proxy Deadline"). The board of directors of the Company, after receiving advice from its financial and legal advisors, and after receiving a unanimous recommendation from a special committee of independent directors, recommends that Shareholders vote FOR the Arrangement Resolution. Further details and voting instructions can be found in the Information Circular. Receipt of Interim Order The Company is also pleased to announce that the Ontario Superior Court of Justice (Commercial List) (the " Court") issued an interim order dated May 20, 2025 in connection with the Arrangement, authorizing the calling and holding of the Meeting and other matters related to the conduct of the Meeting. In addition to obtaining Shareholder approval at the Meeting, the completion of the Arrangement will be subject to obtaining the final order of the Court for the Arrangement, obtaining applicable regulatory approvals or clearances, as well as other customary closing conditions. Impact of Potential Canada Post Labour Disruption on the Delivery of Meeting Materials to Canadian Shareholders In light of the potential Canada Post labour disruption, beneficial Shareholders (i.e. Shareholders who hold their Shares with one or more financial institutions or brokers) in Canada as of the Record Date who have previously requested that physical copies of the Meeting Materials be sent to them, may experience delays in receiving physical copies of the Meeting Materials. The Company does not expect any impact on the delivery of physical copies of the Meeting Materials to any registered Shareholders or US or international Shareholders who have requested such physical copies, or to the Company's Canadian Shareholders who have elected for materials for Shareholder meetings to be sent to them by e-mail. Shareholders are encouraged to access the Information Circular electronically under the Company's profile on SEDAR+ at or on the Company's website at Any Shareholder who, as a result of the potential Canada Post labour disruption, is delayed in receiving their previously requested physical copy of the Information Circular may request to receive an electronic copy of the Information Circular by e-mail or a physical delivery of the Information Circular by UPS at [email protected]. If you are a Canadian beneficial Shareholder, you are encouraged to contact your brokerage firm, financial institution or other intermediary and request the control number for each of your accounts that hold Shares, as delivery of a physical copy of your voting instruction form may be delayed. Once you have obtained your control number(s), you can vote the Shares represented by such control number(s) at As a result of the potential Canada Post labour disruption, proxies and voting instruction forms that Shareholders mail back to Broadridge Investor Communications Corporation (" Broadridge") in Canada may not be received by Broadridge prior to the Proxy Deadline. Accordingly, all Shareholders are strongly encouraged to vote their Shares online or by telephone as instructed in the Meeting Materials. It is recommended that any physical forms of proxy or voting instruction forms be delivered via hand or courier (other than Canada Post) to ensure that they are received in a timely manner. Shareholders should contact Broadridge by e-mail at [email protected] if they need any assistance in voting their Shares. About AHG AHG is a leading and growing supply chain management company offering a robust platform of customized third-party logistics (" 3PL") and specialized transportation solutions for the healthcare sector. The Company's 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across Canada. AHG's specialized transportation services in Canada, including air freight forwarding, ground transportation, dedicated delivery and last mile services, provide a one-stop shop for clients' healthcare transportation needs. Through its complementary service offerings, available across a coast-to-coast distribution network, AHG strives to accommodate the full range of its clients' specialized supply chain needs on an integrated and efficient basis. For more information on AHG, please visit: Forward-Looking Information This press release contains "forward-looking information" and "forward-looking statements" (collectively, " forward-looking information") within the meaning of applicable securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projects", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Specifically, statements regarding the anticipated timing of the Meeting; the proposed completion of the Arrangement; and other statements that are not statements of historical facts are all considered to be forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated; that the Arrangement may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required Shareholder, court and regulatory approvals and other conditions to the closing of the Arrangement or for other reasons; the risk that competing offers or acquisition proposals will be made; the possibility of litigation relating to the Arrangement; credit, market, currency, operational, liquidity and funding risks generally and relating specifically to the Arrangement, including changes in economic conditions, interest rates or tax rates; risks related to delays in Shareholders receiving the Meeting Materials in light of the potential Canada Post labour disruption, and those other risks discussed in greater detail under the "Risk Factors" section of our Annual Information Form which is available under our profile on SEDAR+ at If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in forward-looking statements included herein. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, any forward-looking statements included herein are made as of the date of this news release and, except as expressly required by applicable law, AHG assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements. SOURCE Andlauer Healthcare Group Inc.
