Latest news with #BRPInc
Business Insider
6 days ago
- Business
- Business Insider
BRP Inc. upgraded to Buy from Hold at Desjardins
Desjardins upgraded BRP Inc. (DOOO) to Buy from Hold with a C$78 price target Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Cision Canada
6 days ago
- Business
- Cision Canada
BRP ANNOUNCES ELECTION OF DIRECTORS AND BOARD COMMITTEE COMPOSITION Français
VALCOURT, QC, May 29, 2025 /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) (the "Company") held earlier today its annual and special meeting of shareholders in a virtual format. The meeting was broadcast via live webcast and the recording will be available shortly on BRP's website at At the meeting, all of the nominees for directors listed in the Company's management proxy circular dated April 23, 2025, were elected by a majority of the votes cast by shareholders present or represented by proxy. Voting results for each nominee were as follows: Nominee Votes For % Votes Against % Élaine Beaudoin 258,493,135 99.63 % 952,828 0.37 % Pierre Beaudoin 242,105,878 93.32 % 17,340,085 6.68 % Joshua Bekenstein 242,166,488 93.34 % 17,279,475 6.66 % José Boisjoli 258,362,681 99.58 % 1,083,281 0.42 % Charles Bombardier 258,469,371 99.62 % 976,591 0.38 % Ernesto M. Hernández 259,150,950 99.89 % 295,013 0.11 % Katherine Kountze 259,174,234 99.90 % 271,730 0.10 % Nicholas Nomicos 259,055,372 99.85 % 390,591 0.15 % Edward Philip 256,483,186 98.86 % 2,962,776 1.14 % Michael Ross 259,036,378 99.84 % 409,585 0.16 % Barbara Samardzich 257,611,248 99.29 % 1,834,715 0.71 % Hildegard Maria Wortmann (effective as of July 1 st, 2025) 259,412,106 99.99 % 33,858 0.01 % Changes to the Board Committees The table below reflects the composition of the Board committees as of May 29 th, 2025, except for Ms. Hildegard Maria Wortmann who will join the Audit Committee and the Nominating, Governance and Social Responsibility Committee effective as of July 1 st, 2025. To learn more about BRP's Board members, click here. About BRP BRP Inc. is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines. Headquartered in Quebec, Canada, BRP had annual sales of CA$7.8 billion from over 130 countries and employed approximately 16,500 driven, resourceful people as of January 31, 2025. Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners. SOURCE BRP Inc.
Yahoo
6 days ago
- Automotive
- Yahoo
BRP Inc. (DOOO) Beats Q1 Earnings and Revenue Estimates
BRP Inc. (DOOO) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.79%. A quarter ago, it was expected that this company would post earnings of $0.62 per share when it actually produced earnings of $0.69, delivering a surprise of 11.29%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. BRP , which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $1.3 billion for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 5.48%. This compares to year-ago revenues of $1.5 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. BRP shares have lost about 29.4% since the beginning of the year versus the S&P 500's gain of 0.1%. While BRP has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for BRP: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.41 on $1.26 billion in revenues for the coming quarter and $2.38 on $5.4 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, ChargePoint Holdings, Inc. (CHPT), has yet to report results for the quarter ended April 2025. The results are expected to be released on June 4. This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +54.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. ChargePoint Holdings, Inc.'s revenues are expected to be $100.52 million, down 6.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BRP Inc. (DOOO) : Free Stock Analysis Report ChargePoint Holdings, Inc. (CHPT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
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. This report by The Canadian Press was first published May 29, 2025. Companies in this story: (TSX:DOO)
Winnipeg Free Press
7 days ago
- Business
- Winnipeg Free Press
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)
