Latest news with #Ski-Doo
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
- 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
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)
Time Business News
21-04-2025
- Automotive
- Time Business News
Discover the Best Ski Racks for Snowmobiles Ride Further, Smarter, and Safer
For snowmobile enthusiasts, the journey into the backcountry is just as important as the destination. Whether you're carving fresh tracks after a big snowfall or heading deep into untouched terrain, you need reliable gear that can keep up. That's where a solid snowmobile ski rack comes into play. Transporting skis securely while riding through powder, trees, or across icy trails can be challenging without the right setup. Fortunately, companies like Rocker Ski Rack are changing the game with innovative, rider-designed solutions. If you're looking for the best ski racks for your snowmobile, keep reading — this guide has everything you need to know. Why You Need a Snowmobile Ski Rack If you've ever tried to balance your skis across your lap or strap them down with makeshift bungees, you know the struggle. Not only is it unsafe, but it also increases the risk of damaging your gear. A snowmobile ski rack isn't just a nice accessory — it's essential for anyone serious about backcountry touring, ski mountaineering, or just enjoying winter in the wild. Here's why investing in a ski rack is a smart move: Safety First : Properly secured gear won't shift or fall off while riding over uneven terrain. : Properly secured gear won't shift or fall off while riding over uneven terrain. Protect Your Skis : Avoid scratches, warping, or broken bindings caused by improper transport. : Avoid scratches, warping, or broken bindings caused by improper transport. Streamline Your Setup : Eliminate clutter and free up space for passengers, packs, or emergency gear. : Eliminate clutter and free up space for passengers, packs, or emergency gear. Boost Performance: Ride faster and handle better without bulky, awkward loads affecting balance. What to Look for in the Best Ski Racks Not all ski racks are created equal. When searching for the best ski racks for snowmobiles, keep an eye out for features that make a real difference in performance and usability. Here's what to consider: Durability : Look for high-strength materials like aluminum or composite plastics that can handle extreme cold, snow, and impact. : Look for high-strength materials like aluminum or composite plastics that can handle extreme cold, snow, and impact. Ease of Installation : The best racks should be easy to mount and remove — no complex tools or hours of setup required. : The best racks should be easy to mount and remove — no complex tools or hours of setup required. Secure Grip : A tight but gentle hold ensures your skis stay in place without scratching or damaging them. : A tight but gentle hold ensures your skis stay in place without scratching or damaging them. Compatibility: Whether you ride a Polaris, Ski-Doo, Arctic Cat, or Yamaha, the rack should fit most common snowmobile models. Why Rocker Ski Rack is Leading the Pack If you're serious about finding the best snowmobile ski rack, then you need to check out Rocker Ski Rack. Designed by backcountry riders for backcountry riders, Rocker has built a reputation for delivering products that are tough, functional, and easy to use. Here's what makes Rocker Ski Racks stand out: Universal Fit : Rocker racks are compatible with a wide range of snowmobile models and ski types, so you don't need to worry about custom modifications. : Rocker racks are compatible with a wide range of snowmobile models and ski types, so you don't need to worry about custom modifications. Fast, Tool-Free Mounting : Spend less time in the garage and more time on the snow. Their racks are quick to install and remove. : Spend less time in the garage and more time on the snow. Their racks are quick to install and remove. Lightweight But Strong : Made with weather-resistant, high-performance materials that won't weigh down your sled. : Made with weather-resistant, high-performance materials that won't weigh down your sled. Sleek Design: Function meets form — Rocker racks look just as good as they perform. Whether you're heading out for a full day of ski touring or making quick laps up the hill, Rocker's racks provide peace of mind and allow you to focus on the ride, not your gear. Built for Real Riders, Real Conditions At the end of the day, the best ski racks are the ones that can hold up to your lifestyle. Backcountry riding isn't gentle. It's tough, cold, and unpredictable. That's why a snowmobile ski rack needs to be more than just a place to stash your skis — it needs to work seamlessly with your sled, your gear, and your riding style. Rocker Ski Rack was built with this philosophy in mind. Their racks have been tested in real backcountry conditions, from deep powder to icy trails, and they've become the go-to choice for riders across North America. Final Thoughts: Ride Smarter This Season If you're looking to level up your snowmobile setup this winter, don't overlook your ski transport solution. The best ski racks will save your gear, improve safety, and let you push farther into the backcountry with confidence. So whether you're a seasoned rider or just getting into snowmobile-access skiing, check out Rocker Ski Rack. With rugged construction, sleek design, and rider-approved performance, it's no surprise they're becoming the leading name in snowmobile ski racks. TIME BUSINESS NEWS
