January 18, 2017 2:07 AM ET

Leisure Products

Company Overview of BRP Inc.

Company Overview

BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain vehicles, side-by-side vehicles, and roadsters under the Can-Am brand name; roadsters under the Spyder brand; snowmobiles under the Ski-Doo and Lynx brands; personal watercrafts under the Sea-Doo brand name; and propulsion systems comprising outboard marine engines under the Evinrude brand name, as well as engines for jet boats, karts, motorcycles, and recreational aircraft under the Rotax brand name. It also provides parts, accessories, and complementary clothing, as well as other services. The company sells...

726 Saint-Joseph Street

Valcourt, QC J0E 2L0

Canada

Founded in 1937

7,900 Employees

Key Executives for BRP Inc.

Chief Executive Officer, President and Director
Age: 58
Total Annual Compensation: C$981.3K
Chief Financial Officer
Age: 44
Total Annual Compensation: C$400.0K
Senior Vice-President of Design, Innovation and Corporate Image
Age: 55
Total Annual Compensation: C$313.3K
Vice President and General Manager of Marine Propulsion Systems Division
Age: 54
Total Annual Compensation: C$585.9K
Compensation as of Fiscal Year 2016.

BRP Inc. Key Developments

Bain Considers Options For Its Stake In BRP

Bain Capital is weighing options for its share of BRP Inc. (TSX:DOO) more than a decade after it helped Bombardier spin off the Ski-Doo maker. Options for Bain include selling the holding to another investor or proceeding with a secondary sale on the stock market.

BRP Announces Executive Changes

BRP announced that Nicolas (Laki) Nomicos, in replacement of Yvonne Hao, who is stepping down after three years as a director. Mr. Nomicos served on the Board of Directors of BRP from 2004 to 2015. Mr. Nomicos is a Managing Director at Bain Capital Credit LLC, the credit arm of Bain Capital, and heads its Portfolio Group. Prior to joining Bain Capital Credit LLC in 2011, he was an Operating Partner at Bain Capital where he worked since 1999 in a variety of investments in the manufacturing and consumer product sectors.

BRP Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended October 31, 2016

BRP Inc. announced unaudited consolidated earnings results for third quarter and nine months ended October 31, 2016. For the quarter, the company reported Total revenues of CAD 1,080.2 million against total revenues of CAD 1,010.2 million a year ago. Operating income was CAD 163 million against operating income of CAD 103.9 million a year ago. Income before income taxes of CAD 122.6 million against income before income taxes of CAD 86.9 million a year ago. Net income attributable to shareholders of CAD 78.7 million against net income attributable to shareholders was CAD 65.5 million a year ago. Diluted per share was CAD 0.7 against diluted per share of CAD 0.56 a year ago. Normalized EBITDA of CAD 196.9 million against normalized EBITDA was CAD 141.5 million a year ago. Normalized net income was CAD 104.4 million against normalized net income of CAD 72.8 million a year ago. Diluted per share of CAD 0.93 against diluted per share was CAD 0.62 a year ago. The revenue increase was mainly due to higher wholesale in Year-Round Products, partially offset by lower wholesale in Seasonal Products. For the period, the company reported Total revenues of CAD 2,866.2 million against total revenues of CAD 2,720.4 million a year ago. Operating income was CAD 138.9 million against operating income of CAD 190 million a year ago. Income before income taxes of CAD 148.2 million against income before income taxes of CAD 118.6 million a year ago. Net income attributable to shareholders was CAD 120.6 million against net income attributable to shareholders was CAD 80.3 million a year ago. Diluted per share of CAD 1.06 against diluted per share of CAD 0.68 a year ago. Normalized EBITDA was CAD 298.4 million against normalized EBITDA of CAD 298.4 million a year ago. Normalized net income was CAD 110.2 million against normalized net income of CAD 110.2 million a year ago. Diluted per share of CAD 0.97 against diluted per share of CAD 0.96 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
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March 18, 2016
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