Research analysts who have asked questions during DOOO earnings calls.
CD
Cameron Doerksen
National Bank Financial
6 questions for DOOO
Also covers: CAE, TFII
ML
Martin Landry
Stifel
6 questions for DOOO
Also covers: GIL
RF
Robin Farley
UBS
6 questions for DOOO
Also covers: CCL, CHH, CUK +17 more
BP
Benoit Poirier
Desjardins Capital Markets
5 questions for DOOO
Also covers: CAE, CNI, CP +3 more
BM
Brian Morrison
TD Cowen
5 questions for DOOO
Also covers: GIL, MGA, PHH
CK
Craig Kennison
Robert W. Baird & Co. Incorporated
5 questions for DOOO
Also covers: BC, CPRT, CWH +15 more
Jonathan Goldman
Scotiabank
5 questions for DOOO
Also covers: ATS, MGA, STN
LH
Luke Hannan
Canaccord Genuity Group Inc.
5 questions for DOOO
Also covers: CRLBF, CWBHF, GIL +1 more
MP
Mark Petrie
CIBC
5 questions for DOOO
Also covers: GIL
Xian Siew
BNP Paribas
5 questions for DOOO
Also covers: BC, MANU, MTN +3 more
Jaime Katz
Morningstar
4 questions for DOOO
Also covers: BC, CCL, CUK +5 more
James Hardiman
Citigroup
4 questions for DOOO
Also covers: BC, CCL, CUK +14 more
Sabahat Khan
RBC Capital Markets
4 questions for DOOO
Also covers: ACM, ATS, GFL +9 more
TT
Tristan Thomas-Martin
BMO Capital Markets
4 questions for DOOO
Also covers: BC, CWH, DRVN +6 more
JA
Joe Altobello
Raymond James
3 questions for DOOO
Also covers: ONEW, PATK, PII +1 more
JA
Joseph Altobello
Raymond James & Associates, Inc.
3 questions for DOOO
Also covers: BC, BRCC, CWH +16 more
FW
Frederick Wightman
Wolfe Research, LLC
2 questions for DOOO
Also covers: BC, CCL, CUK +9 more
SW
Sean Wagner
Citigroup
2 questions for DOOO
Also covers: CWH, FUN, HZO +3 more
BR
Brandon Rollé
D.A. Davidson
1 question for DOOO
Also covers: CWH, HOG, HZO +5 more
EL
Ellie Latt
BMO Capital Markets
1 question for DOOO
MK
Michael Kypreos
Desjardins Capital Markets
1 question for DOOO
TT
Tristan Thomas Martin
BMO Capital Markets
1 question for DOOO
Also covers: BC, CWH, DORM +3 more
Recent press releases and 8-K filings for DOOO.
BRP Inc. Reports Strong Q3 2026 Results, Raises Full-Year Guidance, and Announces CEO Transition
DOOO
Earnings
Guidance Update
CEO Change
- BRP Inc. reported strong Q3 2026 financial results, with revenue of CAD 2.3 billion, normalized EBITDA of CAD 326 million, and normalized EPS of CAD 1.59.
- The company raised its fiscal year 2026 guidance, now projecting approximately CAD 5 in normalized EPS, CAD 8.3 billion in revenue, and $1.1 billion in normalized EBITDA.
- BRP gained market share in ORV, driven by successful new product launches like the Can-Am Defender HD11, achieving its strongest third quarter ever for side-by-side retail.
- Network inventory was reduced by 17% year-over-year and 6% below pre-COVID levels, with the company expecting to deliver double-digit normalized EPS growth in fiscal year 2027 and targeting CAD 9.5 billion in revenue and CAD 8 in normalized EPS by the end of fiscal 2028.
- The company renewed its Normal Course Issuer Bid (NCIB) to repurchase up to 3.1 million shares and announced that CEO Jos\u00e9 Boisjoli's last earnings call was for Q3 2026, with a new CEO expected by the end of January.
Dec 4, 2025, 2:00 PM
BRP Announces Strong Q3 2026 Results and Raises Full-Year Guidance
DOOO
Earnings
Guidance Update
Share Buyback
- BRP reported strong Q3 2026 financial results, with CAD 2.3 billion in revenue, CAD 326 million in normalized EBITDA, CAD 1.59 in normalized EPS, and CAD 320 million in free cash flow, all showing significant increases over the previous year.
- The company raised its full-year fiscal 2026 guidance, now expecting approximately CAD 8.3 billion in revenue, CAD 1.1 billion in normalized EBITDA, and about CAD 5 in normalized EPS.
- BRP gained market share in ORV, driven by the strong reception of new models like the Can-Am Defender HD11, and achieved its strongest third quarter ever at retail for side-by-side products. Network inventory was reduced by 17% year-over-year.
- The company strengthened its balance sheet by repaying approximately $200 million of debt and renewed its Normal Course Issuer Bid (NCIB) to repurchase up to 3.1 million shares over the next 12 months, with an intention to be active in the near term.
- BRP is executing its M28 strategic plan, targeting CAD 9.5 billion in revenue and CAD 8 in normalized EPS by the end of fiscal 2028, and expects double-digit normalized EPS growth for fiscal 2027.
Dec 4, 2025, 2:00 PM
BRP Inc. Reports Strong Q3 2025 Financial Results and Authorizes Share Buyback
DOOO
Earnings
Share Buyback
- BRP Inc. reported a 14.0% increase in revenues to $2,250.3 million and a 150.0% increase in net income to $68.8 million for the three-month period ended October 31, 2025, compared to the same period last year. For the nine-month period, revenues increased by 3.5% to $5,985.4 million, and net income rose by 156.0% to $242.4 million.
- Diluted earnings per share for the three-month period ended October 31, 2025, was $0.94, up from $0.10 in the prior year period. For the nine-month period, diluted EPS was $3.30, compared to $0.08 in the prior year period.
- The company's Board of Directors authorized the renewal of its normal course issuer bid program on December 4, 2025, allowing for the purchase for cancellation of up to 3,131,256 subordinate voting shares over the next twelve months, representing approximately 10% of the public float.
- Total long-term debt decreased to $2,538.5 million as of October 31, 2025, from $2,925.1 million as of January 31, 2025, with $318.8 million in repayments during the nine-month period ended October 31, 2025.
Dec 4, 2025, 12:01 PM
BRP Reports Strong Third Quarter Fiscal Year 2026 Results and Raises Guidance
DOOO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- For the three-month period ended October 31, 2025, BRP reported revenues of $2,250.3 million, a 14.0% increase year-over-year, and net income of $76.5 million, marking a 150.0% increase.
- Normalized diluted earnings per share for the quarter was $1.59, up $0.39 per share compared to the prior year.
- BRP increased its full fiscal year 2026 guidance for Normalized diluted earnings per share to approximately $5.00.
- North American Powersports retail sales decreased by 4% for the three-month period ended October 31, 2025, despite the company achieving market share gains in ORV.
Dec 4, 2025, 11:00 AM
BRP (DOOO) Outlines M28 Strategic Plan and Financial Targets
DOOO
Guidance Update
New Projects/Investments
Management Change
- BRP announced its M28 plan, targeting $9.5 billion in revenue and $8 in normalized EPS by fiscal year 2028.
- The company is refocusing on powersports, having exited the marine industry and reduced investment in electrification and urban mobility programs.
- 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.
- 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.
- A CEO transition is planned for the end of the year.
Oct 9, 2025, 1:30 PM
BRP Inc. announces term loan amendment, repayment, and extension
DOOO
Debt Issuance
- 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.
- The company extended the maturity of U.S. $265 million of debt from 2027 to 2029 and 2031.
- 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%.
- BRP prepaid the entirety of the U.S. $465 million Term Loan B-1 due May 2027, utilizing available liquidity.
Oct 1, 2025, 1:14 PM
BRP Amends, Reprices, and Extends Term Loan Facility
DOOO
Debt Issuance
- 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.
- 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%.
- 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.
Oct 1, 2025, 12:58 PM
BRP Announces Closing of Secondary Offering by Principal Shareholder
DOOO
- BRP Inc. announced the closing of a previously announced bought deal secondary offering on September 12, 2025.
- 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.
- BRP Inc. did not receive any proceeds from this offering.
- 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.
Sep 12, 2025, 12:50 PM
BRP Reports Q2 2026 Results and Updates Full-Year Guidance
DOOO
Earnings
Guidance Update
Product Launch
- BRP reported Q2 2026 revenue of $1.9 billion, normalized EBITDA of $213 million, and normalized EPS of $0.92.
- 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.
- 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.
- BRP announced the launch of new products, including the new generation Can-Am Defender and the Outlander Electric, aiming to gain additional market share.
- A definitive agreement for the sale of Manitou was announced and is expected to close in the coming weeks.
Aug 29, 2025, 3:38 PM
Quarterly earnings call transcripts for DOOO.
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