Cameron Doerksen

Martin Landry

Robin Farley

Benoit Poirier

Brian Morrison

Craig Kennison

James Hardiman

Jonathan Goldman

Luke Hannan

Mark Petrie

Tristan Thomas-Martin

Jaime Katz

Joseph Altobello

Sabahat Khan

Xian Siew Hew Sam

Frederick Wightman

Joe Altobello

Brandon Rollé

Michael Kypreos

Sean Wagner

Tristan Thomas Martin

Xian Siew

- BRP announced its M28 plan, targeting **$9.5 billion in revenue** and **$8 in normalized EPS** by fiscal year 2028.  **[0001748797_2174240_5]** 
- The company is refocusing on powersports, having exited the marine industry and reduced investment in electrification and urban mobility programs.  **[0001748797_2174240_2]** 
- Strategic goals include achieving **30% market share in side-by-side** and **25% in ATV** in North America, and growing international revenue to **$2.5 billion** by fiscal year 2028.  **[0001748797_2174240_4]** **[0001748797_2174240_14]** 
- BRP plans to expand its North American dealer network by adding **100 new dealers in the U.S.** by the end of fiscal year 2028.  **[0001748797_2174240_13]** 
- A CEO transition is planned for the end of the year.  **[0001748797_2174240_5]**

BRP (DOOO) Outlines M28 Strategic Plan and Financial Targets

- BRP Inc. announced the amendment, extension, and repricing of a substantial portion of its term loan facility, resulting in a reduction of long-term debt by **U.S. $200 million**.  **[1748797_0001193125-25-225980_d70476dex991.htm:0]** 
- The company extended the maturity of **U.S. $265 million** of debt from **2027 to 2029 and 2031**.  **[1748797_0001193125-25-225980_d70476dex991.htm:0]** 
- The applicable interest rate on the Term Loan B-2 and B-3 tranches was reduced by **50 basis points**, from Term SOFR plus 2.75% to Term SOFR plus 2.25%.  **[1748797_0001193125-25-225980_d70476dex991.htm:0]** 
- BRP prepaid the entirety of the **U.S. $465 million Term Loan B-1** due May 2027, utilizing available liquidity.  **[1748797_0001193125-25-225980_d70476dex991.htm:0]**

BRP Inc. announces term loan amendment, repayment, and extension

- BRP Inc. has **reduced its long-term debt by U.S. $200 million** and extended the maturity of **U.S. $265 million of debt** from **2027 to 2029 and 2031**.  **[1748797_20251001MO87834:0]** 
- The company also **reduced the average interest rate** on its term facility by **50 basis points** for the Term Loan B-2 and B-3 tranches, moving from Term SOFR plus 2.75% to Term SOFR plus 2.25%.  **[1748797_20251001MO87834:0]** 
- These actions included the **prepayment of the U.S. $465M Term Loan B-1** due May 2027, and an effective upsize of the Term Loan B-2 and B-3 facilities.  **[1748797_20251001MO87834:0]**

BRP Amends, Reprices, and Extends Term Loan Facility

- BRP Inc. announced the closing of a previously announced bought deal secondary offering on **September 12, 2025**.  **[1748797_20250912MO72116:0]** 
- In this offering, Bain Capital Integral Investors II, L.P. (**Bain**) sold **1,500,000 subordinate voting shares** of BRP at a purchase price of **C$90.71 per share**, resulting in total gross proceeds of **C$136,065,000** to Bain.  **[1748797_20250912MO72116:0]** 
- **BRP Inc. did not receive any proceeds from this offering**.  **[1748797_20250912MO72116:0]** 
- Following the closing, Bain and its affiliates hold **10,496,629 multiple voting shares** of BRP, representing approximately **14.35%** of the company's issued and outstanding shares and approximately **24.39%** of the total voting power.  **[1748797_20250912MO72116:0]**

BRP Announces Closing of Secondary Offering by Principal Shareholder

- BRP reported **Q2 2026 revenue of $1.9 billion**, **normalized EBITDA of $213 million**, and **normalized EPS of $0.92**.  **[1748797_tx_351581_1]** **[1748797_tx_351581_3]** 
- The company provided full-year 2026 guidance, expecting **revenue between $8.15 billion and $8.3 billion**, **normalized EBITDA between $1.04 billion and $1.09 billion**, and **normalized EPS between $4.25 and $4.75**.  **[1748797_tx_351581_4]** 
- Network inventory was significantly reduced, ending Q2 2026 **down 20% year-over-year** and **13% sequentially**, reaching proper levels across most product lines except snowmobile.  **[1748797_tx_351581_1]** **[1748797_tx_351581_3]** 
- BRP announced the launch of new products, including the new generation **Can-Am Defender** and the **Outlander Electric**, aiming to gain additional market share.  **[1748797_tx_351581_1]** **[1748797_tx_351581_2]** 
- A definitive agreement for the **sale of Manitou** was announced and is expected to close in the coming weeks.  **[1748797_tx_351581_1]**

BRP Reports Q2 2026 Results and Updates Full-Year Guidance