Latest news with #SébastienMartel
Cision Canada
22-05-2025
- Business
- Cision Canada
/R E P E A T -- BRP Will Present Its First Quarter Fiscal Year 2026 Results and Hold Its Annual and Special Meeting of Shareholders/ Français
VALCOURT, QC, May 7, 2025 /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its first quarter FY2026 financial results conference call on Thursday, May 29, 2025, followed by its Annual and Special Meeting of Shareholders ("the Meeting") conducted by live webcast. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the first quarter of FY2026 and address questions from analysts on a conference call at 9 a.m. Eastern Daylight Time (EDT). Messrs. Boisjoli and Martel will then discuss the results for the fiscal year ended January 31, 2025, at BRP's Annual and Special Meeting of Shareholders at 11 a.m. (EDT). First Quarter FY2026 Results The press release will be distributed on Canadian and American newswires on Thursday, May 29, at approximately 6 a.m. (EDT). For investors and analysts: Telephone: 1-800-717-1738 (toll-free in North America) Event code: 47832 Click here for international dial-in numbers Webcast: Click here to access the first quarter of FY2026 webcast Business media are allowed to join the call but will not be permitted to ask questions. This webcast will also be live on the Internet here and accessible to media and interested participants. An archived recording will be available here two hours after the event for 30 days following the original broadcast. Annual and Special Meeting of Shareholders BRP is holding the Annual and Special Meeting of Shareholders as a completely virtual meeting, which all shareholders, regardless of geographic location and equity ownership, will have an equal opportunity to attend. Registered shareholders and duly appointed proxy holders are strongly encouraged to vote their shares in advance of the Meeting. Media and any other person can join via live webcast but will not be able to vote or ask questions. Simultaneous interpretation is available in French and in English at all times. Date: Thursday, May 29, 2025 Time: 11 a.m. (EDT) Webcast: Click here to access the Annual and Special Meeting of Shareholders webcast Login: enter the 15-digit control number located on their form of proxy Password: brp2025 Anyone can join the Meeting as a guest by clicking on "Guest". Telephone It is also possible to join the Meeting by telephone on a listen-only basis. However, registered shareholders and duly appointed proxy holders who choose this option will not be able to vote or ask questions. French: 1-888-859-1484 English: 1-888-977-5948 Original (without interpretation): 1-888-870-3025 Registered shareholders and duly appointed proxy holders will also be entitled to submit questions to the Company in advance of the Meeting by email at [email protected], and during the Meeting through the platform available at Such questions will, subject to certain verifications by the Company, be addressed at the Meeting. Questions sent in advance by e-mail must be provided by no later than 11:00 a.m. (EDT) on May 27, 2025, or if the Meeting is postponed or adjourned, by no later than 48 hours prior to the time of such postponed or adjourned meeting (excluding Saturdays, Sundays and holidays). Following the Annual and Special Meeting of Shareholders, the webcast will also be accessible on BRP's website at until next year's annual meeting of shareholders. 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.
Globe and Mail
07-05-2025
- Business
- Globe and Mail
BRP Will Present Its First Quarter Fiscal Year 2026 Results and Hold Its Annual and Special Meeting of Shareholders
VALCOURT, QC , May 7, 2025 /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its first quarter FY2026 financial results conference call on Thursday, May 29, 2025, followed by its Annual and Special Meeting of Shareholders ("the Meeting") conducted by live webcast. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the first quarter of FY2026 and address questions from analysts on a conference call at 9 a.m. Eastern Daylight Time (EDT). Messrs. Boisjoli and Martel will then discuss the results for the fiscal year ended January 31, 2025 , at BRP's Annual and Special Meeting of Shareholders at 11 a.m. (EDT). First Quarter FY2026 Results The press release will be distributed on Canadian and American newswires on Thursday, May 29 , at approximately 6 a.m. (EDT) . For investors and analysts: Telephone: 1-800-717-1738 (toll-free in North America ) Event code: 47832 Click here for international dial-in numbers Webcast: Click here to access the first quarter of FY2026 webcast Business media are allowed to join the call but will not be permitted to ask questions. This webcast will also be live on the Internet here and accessible to media and interested participants. An archived recording will be available here two hours after the event for 30 days following the original broadcast. Annual and Special Meeting of Shareholders BRP is holding the Annual and Special Meeting of Shareholders as a completely virtual meeting, which all shareholders, regardless of geographic location and equity ownership, will have an equal opportunity to attend. Registered shareholders and duly appointed proxy holders are strongly encouraged to vote their shares in advance of the Meeting. Media and any other person can join via live webcast but will not be able to vote or ask questions. Simultaneous interpretation is available in French and in English at all times. Date: Thursday, May 29, 2025 Time: 11 a.m. (EDT) Webcast: Click here to access the Annual and Special Meeting of Shareholders webcast Login: enter the 15-digit control number located on their form of proxy Password: brp2025 Anyone can join the Meeting as a guest by clicking on "Guest". Telephone It is also possible to join the Meeting by telephone on a listen-only basis. However, registered shareholders and duly appointed proxy holders who choose this option will not be able to vote or ask questions. French: 1-888-859-1484 English: 1-888-977-5948 Original (without interpretation): 1-888-870-3025 Registered shareholders and duly appointed proxy holders will also be entitled to submit questions to the Company in advance of the Meeting by email at brpaga@ and during the Meeting through the platform available at Such questions will, subject to certain verifications by the Company, be addressed at the Meeting. Questions sent in advance by e-mail must be provided by no later than 11:00 a.m. (EDT) on May 27, 2025, or if the Meeting is postponed or adjourned, by no later than 48 hours prior to the time of such postponed or adjourned meeting (excluding Saturdays, Sundays and holidays). Following the Annual and Special Meeting of Shareholders, the webcast will also be accessible on BRP's website at until next year's annual meeting of shareholders. 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.
Cision Canada
07-05-2025
- Business
- Cision Canada
BRP Will Present Its First Quarter Fiscal Year 2026 Results and Hold Its Annual and Special Meeting of Shareholders Français
VALCOURT, QC, May 7, 2025 /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its first quarter FY2026 financial results conference call on Thursday, May 29, 2025, followed by its Annual and Special Meeting of Shareholders ("the Meeting") conducted by live webcast. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the first quarter of FY2026 and address questions from analysts on a conference call at 9 a.m. Eastern Daylight Time (EDT). Messrs. Boisjoli and Martel will then discuss the results for the fiscal year ended January 31, 2025, at BRP's Annual and Special Meeting of Shareholders at 11 a.m. (EDT). First Quarter FY2026 Results The press release will be distributed on Canadian and American newswires on Thursday, May 29, at approximately 6 a.m. (EDT). For investors and analysts: Telephone: 1-800-717-1738 (toll-free in North America) Event code: 47832 Click here for international dial-in numbers Webcast: Click here to access the first quarter of FY2026 webcast Business media are allowed to join the call but will not be permitted to ask questions. This webcast will also be live on the Internet here and accessible to media and interested participants. An archived recording will be available here two hours after the event for 30 days following the original broadcast. Annual and Special Meeting of Shareholders BRP is holding the Annual and Special Meeting of Shareholders as a completely virtual meeting, which all shareholders, regardless of geographic location and equity ownership, will have an equal opportunity to attend. Registered shareholders and duly appointed proxy holders are strongly encouraged to vote their shares in advance of the Meeting. Media and any other person can join via live webcast but will not be able to vote or ask questions. Simultaneous interpretation is available in French and in English at all times. Date: Thursday, May 29, 2025 Time: 11 a.m. (EDT) Webcast: Click here to access the Annual and Special Meeting of Shareholders webcast Login: enter the 15-digit control number located on their form of proxy Password: brp2025 Anyone can join the Meeting as a guest by clicking on "Guest". Telephone It is also possible to join the Meeting by telephone on a listen-only basis. However, registered shareholders and duly appointed proxy holders who choose this option will not be able to vote or ask questions. French: 1-888-859-1484 English: 1-888-977-5948 Original (without interpretation): 1-888-870-3025 Registered shareholders and duly appointed proxy holders will also be entitled to submit questions to the Company in advance of the Meeting by email at [email protected], and during the Meeting through the platform available at Such questions will, subject to certain verifications by the Company, be addressed at the Meeting. Questions sent in advance by e-mail must be provided by no later than 11:00 a.m. (EDT) on May 27, 2025, or if the Meeting is postponed or adjourned, by no later than 48 hours prior to the time of such postponed or adjourned meeting (excluding Saturdays, Sundays and holidays). Following the Annual and Special Meeting of Shareholders, the webcast will also be accessible on BRP's website at until next year's annual meeting of shareholders. 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
01-04-2025
- Business
- Yahoo
Ski-Doo maker BRP expects $40M impact from tariffs
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. The maker of Ski-Doo snowmobiles is bracing for the impact of tariffs on its operations, as it navigates higher costs for the steel and aluminum needed to make its powersport vehicles. Bombardier Recreational Products CFO Sébastien Martel told investors in a March 26 earnings call to expect a $40 million impact on the business, assuming the current tariffs in effect were unchanged throughout the upcoming fiscal year. However, Martel said, the situation is 'very fluid and we are continuously refining our assessment of the potential cost of these tariffs on our business' and as they relate to BRP's tier 2 and tier 3 suppliers. BRP provided no official outlook guidance in its earnings report for the fiscal year that ends Jan. 31, 2026, citing trade policy uncertainty among the world's leading economies. The Canada-based company operates 14 manufacturing sites around the world, including locations in Lansing, Michigan; St. Peter, Minnesota; Spruce Pine, North Carolina and Sturtevant, Wisconsin, according to an investor filing. The U.S. facilities primarily make pontoon and aluminum fishing boats, as well as aircraft systems and components for Rotax combustion engine products. So far all of BRP's vehicles produced in Canada and Mexico are compliant with the United States–Mexico–Canada Agreement and exempt from President Donald Trump's additional 25% tariffs on imported goods from the countries, Martel said in a recent earnings call. 'We currently have operations in a supply chain across all three countries and consequently the ongoing tariff disputes are impacting our business, our suppliers and our customers,' Martel said regarding the company's North American operations. Sea-Doo watercraft and offroad vehicles, such as ATVs and side-by-sides, are mostly made in Mexico, while Ski-Doo snowmobiles are made in Finland or Canada, according to the investor filing. Currently, BRP has limited exposure to tariffs on imports from China into the U.S. and imports from the U.S. into Canada, Martel said. The company is also affected by the 25% tariffs on aluminum and steel imported into the U.S., mostly in its parts and accessories business, he added. To mitigate tariff effects, BRP began front-loading U.S. shipments and renting warehouses for additional capacity last year, CEO José Boisjoli said on the call, which has created about a month-long supply buffer for the company. 'Even if it's too early to ship them to the dealers, we cross the borders and our warehouses that we have in the U.S. are always full,' Boisjoli said. BRP reported revenue of 2.1 billion Canadian dollars ($1.5 billion) in the fourth quarter, a 20% decline from the same period a year ago, driven by lower shipments and higher sales programs. The company also posted a net loss of CA 44.5 million ($31.1 million) for the three months that ended Jan. 31, about a 115% decline from a year ago. While BRP provided no official outlook, Martel said the company is starting to see the effects of trade volatility on customer demand, with earnings per share for the quarter ending April 30 expected to be down 70% over last year. 'We are seeing the uncertainty created by the situation starting to impact the economy and the consumer confidence which makes it very difficult for us to properly forecast our industries and the demand for our products with the level of confidence we require,' Martel said. Recommended Reading McCormick weighs price hikes to tackle tariff impacts
Yahoo
27-03-2025
- Business
- Yahoo
Shares of Canada's Ski-Doo and Sea-Doo maker BRP rise, shrugging off U.S. tariff threats
Shares of Ski-Doo and Sea-Doo maker BRP ( jumped by as much as 13 per cent on Wednesday. Executives at the Quebec-based power sports manufacturer told investors they see a 'market rebound' on the horizon after booking a 20 per cent annualized drop in sales. BRP reported fourth-quarter financial results before the start of trading. The Canadian company swung to a $44.5 million loss in the three months ended Jan. 31, versus a $302.8 million profit in the same period last year. On a year-over-year basis, BRP's revenue slumped about 20 per cent in the fourth quarter, due in large part to slower snowmobile sales. However, the results topped analyst estimates. Toronto-listed BRP shares closed 7.42 per cent higher at $54.55 per share on Wednesday. The stock is down more than 40 per cent over the past year. U.S. President Donald Trump's bid to recast foreign trade means huge uncertainty for BRP. The company manufactures products in Canada and Mexico. About 60 per cent of its sales comes from the United States. On Wednesday, executives declined to issue financial guidance for the year ahead. BRP chief financial officer Sébastien Martel says it would be "inappropriate" to issue a formal forecast at this time. 'We lack the necessary visibility as to the timing, nature and extent of potential changes to trade regulations to fully assess the potential impact on our business,' he said Wednesday on the company's earnings call with analysts. 'More importantly, we are seeing the uncertainty created by the situation starting to impact the economy and consumer confidence.' So far, the U.S. has hit Canada and Mexico with 25 per cent levies on goods that are not compliant with the North American free trade pact, also known as USMCA. Ottawa has hit back with its own duties on about $60 billion worth of American products. Martel notes BRP's vehicles made in Canada and Mexico are USMCA compliant, and therefore not directly subject to tariffs. "We have limited exposure to imports from China into the U.S., or from imports from U.S. to Canada. And while we are impacted by U.S. tariffs on steel and aluminum, the cost is relatively small," he said. If current levies stay in place, CEO José Boisjoli says it could cost the company about $40 million. "The tariffs that are currently in effect would have an estimated impact of about $40 million on our business if they stay as is throughout the year. But as you well know, the situation remains very fluid, and we are continuously refining our assessment of the potential cost," he said. Boisjoli is confident in BRP's ability to conquer tough economic terrain. 'We are used to dealing with changing trade rules, and we have always succeeded in adapting to new tariffs. However, if we have to deal with significant changes in regulation such as a 25% tariff, we would need enough time to adjust our plan accordingly,' he said on Wednesday's call. 'We strongly believe that we are well-positioned to benefit from a market rebound.' BRP's revenue for the fourth quarter topped RBC Capital Markets' estimate by nearly 24 per cent. Analyst Sabahat Khan reiterates his "outperform" rating and $99 per share price target, in a note to clients on Wednesday. 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. Sign in to access your portfolio
