Latest news with #Sea-Doo
Cision Canada
3 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
3 days ago
- Business
- Yahoo
Ski-Doo maker BRP books near 300% profit jump, boosts estimate for tariff hit up to $70M this year
Ski-Doo and Sea-Doo maker BRP ( shares rose to their highest level since March as the company reported a nearly 300 per cent year-over-year jump in profit. However, the Canadian powersports manufacturer also increased its estimated hit from U.S. tariffs to between $60 million and $70 million this fiscal year, while warning about challenging demand from consumers. Valcourt, Que.-based BRP reported that first-quarter profit hit $161 million, up from $42.5 million the prior year. Sales for the three months ended April 30 rose slightly on an annualized basis to $1.8 billion. 'The operating environment remains challenging, with significant macroeconomic uncertainty and a volatile tariff situation affecting consumer confidence,' chief executive officer José Boisjoli told analysts on a post-earnings conference call. BRP on Thursday morning announced Boisjoli will retire at the end of the year. 'As uncertainty is expected to continue affecting consumer confidence, we are planning for demand to remain tough until economic conditions improve,' he added. BRP manufactures products in Canada and Mexico. The company says all of its vehicles are compliant with the United States-Mexico-Canada Agreement, and are thus exempt from the bulk of American tariffs. 'However, we have seen incremental tariffs stemming from the U.S. tariff rate increase on China, the new tariffs on other countries; these are primarily impacting our [parts and accessories] business and some of our U.S. suppliers, which in turn is impacting us,' Boisjoli said. 'We now estimate that the total gross tariff impact to our business for fiscal 2026 to be between $60 million and $70 million,' he added. 'We expect this impact to be manageable, as we should be able to offset most of the incremental cost using different levers across our value chain.' In March, Boisjoli estimated a $40 million impact from tariffs throughout the year. Toronto-listed shares gained 9.79 per cent to $54.57 as at 10:23 a.m. ET on Thursday, after rising as much as 13 per cent in earlier trading. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
3 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
3 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)
Yahoo
6 days ago
- Yahoo
‘They knew what they were doing': New York man's jet ski mysteriously stolen from driveway in broad daylight
While installing cameras around your home is a good way to protect your valuables from being stolen, thieves appear to be getting more sophisticated with their methods. Chris Montalbano of Long Island, New York learned this lesson the hard way. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Montalbano, who had just pulled his Sea-Doo personal watercraft out of storage, recently discovered that the $25,000 jet ski was stolen from his driveway in broad daylight. His security cameras should have documented the theft, but as he discovered, three minutes of footage had disappeared. "You see the Jet Ski for one second, and then all of a sudden, it skips for, like, three minutes and there's nothing,' Montalbano shared with CBS News. 'And the Jet Ski is gone, but you don't know how it left.' However, one camera — the one that's furthest away from the driveway — did manage to capture the heist. A hooded man wearing a mask and driving a Dodge Durango can be seen hooking up the jet ski's trailer to the hitch on the truck before driving off with Montalbano's personal watercraft. Montalbano believes the thief must have briefly disabled the security cameras near the driveway in order to pull off this brazen theft. "It's the only thing I can think of," he said. "They had to have been staking it out and known. Because you don't just pull up like that. They knew what they were doing." Michael Graziano, a cyber security expert, told CBS News that thieves now have the ability to jam Wi-Fi signals in order to disrupt security video recordings. "The camera may be working, but because it loses connection with the internet, there's no recording that goes to the cloud," said Graziano. The Federal Communications Commission has banned the use of devices that jam signals — even law enforcement isn't allowed to use them — but that hasn't stopped thieves from using these devices to pull off their heists. Graziano also thinks today's thieves can make these types of devices at home. Jamming devices can disrupt video recordings by overloading the Wi-Fi network with a stronger signal, blocking communication between the camera and its recording device. While this doesn't deactivate a surveillance camera, it does effectively stop the camera from recording what it captures. Unfortunately, thieves using jamming devices to steal Montalbano's jet ski isn't an isolated incident. In fact, a woman in Phoenix, Arizona was almost the victim of a similar type of theft last year. Kim Komando and her husband were preparing dinner when they noticed two police helicopters flying above and shining lights on their property, according to an article Komando wrote for USA Today. Just a few moments later, the couple spotted members of the Phoenix SWAT team poking around Komando's property. One of the SWAT team members reportedly yelled out, 'yeah, there's a jammer right here.' 'A SWAT member said, 'Ma'am, a South American gang is targeting homes to steal from. The jammer says you might have been next.'' Komando wrote in her article. And while SWAT managed to find the device before the Komando's house was robbed, their neighbor just four doors down wasn't so lucky. That homeowner reportedly got a notification that his security cameras were offline, leading him to think that his internet must have gone down. Meanwhile, in the span of just 10 minutes, thieves broke in and managed to steal valuables worth $100,000, as well as $25,000 in cash. KARE 11 News also reported in early 2024 about a string of burglaries in the Edina, Minnesota area where thieves used signal jammers to disrupt security systems. The news outlet reports that thieves may be able to purchase these illlegal jammers through suppliers outside of the country. Read more: This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Jamming devices may have created a seamless method for thieves to disrupt security cameras, but that doesn't mean you can't take steps to protect yourself and your property. For starters, try parking your cars — or in Montalbano's case, your jet ski — inside the garage so that it can't be seen from the road. This may not stop criminals from knowing where your cars are kept, but hiding them in the garage adds an extra layer of protection. Some homeowners, however, don't have a garage and therefore can't hide their expensive vehicles. In this case, these homeowners might choose to equip their home with surveillance cameras, as Montalbano had done. But there's one thing Montalbano could have done to prevent his cameras from being disrupted by a jamming device. "Any camera system that you have, hardline it," said Graziano. "A hardline cable that goes right to the internet, that would stop someone from jamming it." In other words, Graziano suggests connecting your surveillance cameras directly to the internet using a cable instead of relying on a Wi-Fi connection. Some cameras may be able to record footage onto an SD card, which means they can record even without a Wi-Fi connection. Another way to deter thieves could be to install motion activated lights outside of your home, as well as timers on the lights inside your home that turn the lights on at certain times to make potential thieves think someone is home. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
