May 27, 2018 2:06 PM 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, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts. It sells its products through a network of independent dealers and distributors, as well as to original equipment manufacturers under the Can-Am, Ski-Doo, Lynx, Sea-Doo, Evinrude, and Rotax brand names. The company also provides parts, accessories, and clothing, as well as other services. B...

726 Saint-Joseph Street

Valcourt, QC J0E 2L0

Canada

Founded in 1937

10,100 Employees

Phone:

450-532-2211

Key Executives for BRP Inc.

President, CEO & Director
Age: 59
Total Annual Compensation: C$1.0M
Chief Financial Officer
Age: 45
Total Annual Compensation: C$450.2K
Senior Vice-President of Design, Innovation & Corporate Image
Age: 56
Total Annual Compensation: C$350.0K
Senior VP of Public Affairs & General Counsel
Age: 46
Total Annual Compensation: C$346.7K
Compensation as of Fiscal Year 2017.

BRP Inc. Key Developments

BRP Inc. Presents at CIBC 21st Annual Retail & Consumer Conference, Mar-28-2018 02:00 PM

BRP Inc. Presents at CIBC 21st Annual Retail & Consumer Conference, Mar-28-2018 02:00 PM. Venue: CIBC Offices, Commerce Court West, 199 Bay Street, 56th floor, Toronto, Ontario, Canada. Speakers: Sebastien Martel, Chief Financial Officer.

BRP Inc. Approves Quarterly Dividend, Payable on April 13, 2018

The Board of Directors of BRP Inc. approved a $0.01 increase for its quarterly dividend to $0.09 per subordinate and multiple voting share that will be paid on April 13, 2018 to shareholders of record as at the close of business on March 30, 2018. The payment of each quarterly dividend will remain subject to declaration of that dividend by the Board of Directors. The actual amount of each quarterly dividend, as well as each declaration date, record date and payment date, is subject to the discretion of the Board of Directors.

BRP Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 31, 2018; Provides Earnings Guidance for Fiscal 2019

BRP Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended January 31, 2018. For the quarter, total revenues were CAD 1,263.2 million against CAD 1,305.3 million a year ago. Operating income was CAD 152.7 million against CAD 167.4 million a year ago. Income before income taxes was CAD 182.9 million against CAD 178.9 million a year ago. Net income was CAD 115.1 million against CAD 136.4 million a year ago. Net income attributable to shareholders was CAD 115.2 million against CAD 136.6 million a year ago. Normalized EBITDA was CAD 197.2 million against CAD 204.3 million a year ago. Normalized net income was CAD 98.7 million against CAD 111.8 million a year ago. Earnings per share – diluted were CAD 1.12 against CAD 1.22 per basic and diluted share a year ago. Normalized earnings per share - diluted were CAD 0.96 against CAD 1.0 per basic and diluted share a year ago. For the year, total revenues were CAD 4,486.9 million against CAD 4,171.5 million a year ago. Operating income was CAD 400.1 million against CAD 306.3 million a year ago. Income before income taxes was CAD 394.1 million against CAD 327.1 million a year ago. Net income was CAD 274.5 million against CAD 257.0 million a year ago. Net income attributable to shareholders was CAD 274.2 million against CAD 257.2 million a year ago. Normalized EBITDA was CAD 558.6 million against CAD 502.7 million a year ago. Normalized net income was CAD 256.9 million against CAD 222.0 million a year ago. Earnings per share – diluted were CAD 2.54 against CAD 2.27 a year ago. Normalized earnings per share – diluted were CAD 2.38 against CAD 1.96 a year ago. For fiscal 2019, the company expects total company revenues to grow 5% to 8%; Normalized EBITDA to grow 16% to 18%; normalized earnings per share – diluted to grow 20% to 25% (CAD 2.70 to CAD 2.82). The company expects effective tax rate of 26.5% - 27.5%; CAD 180 million depreciation expense compared to CAD 149 million in fiscal 2018 and capital expenditures of CAD 315 million to CAD 330 million.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
March 21, 2018
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Buyback
June 1, 2017
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