BRP Inc. Files 6-K with Interim Financials

TL;DR

BRP Inc. dropped its Q1 financials on 5/31, check the 6-K.

AI Summary

BRP Inc. filed a Form 6-K on May 31, 2024, to report its unaudited condensed consolidated interim financial statements for the three-month period ending May 31, 2024. The filing indicates that BRP Inc. is a foreign private issuer and is submitting its report under the 1934 Securities Exchange Act.

Why It Matters

This filing provides investors with updated financial performance data for BRP Inc., allowing them to assess the company's recent operational results and make informed investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine financial disclosure and does not contain significant new risks or material adverse information.

Key Players & Entities

• BRP Inc. (company) — Registrant
• May 31, 2024 (date) — Reporting Period End Date
• 726 Saint-Joseph Street (address) — Principal Executive Office
• Valcourt, Quebec, Canada (location) — Principal Executive Office Location

FAQ

From the Filing

0001193125-24-150992.txt : 20240531 0001193125-24-150992.hdr.sgml : 20240531 20240531070057 ACCESSION NUMBER: 0001193125-24-150992 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240531 DATE AS OF CHANGE: 20240531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRP Inc. CENTRAL INDEX KEY: 0001748797 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: A8 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38648 FILM NUMBER: 241007654 BUSINESS ADDRESS: STREET 1: 726 SAINT-JOSEPH STREET CITY: VALCOURT STATE: A8 ZIP: J0E 2L0 BUSINESS PHONE: 450-532-2211 MAIL ADDRESS: STREET 1: 726 SAINT-JOSEPH STREET CITY: VALCOURT STATE: A8 ZIP: J0E 2L0 6-K 1 d832609d6k.htm 6-K 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May, 2024 Commission File Number: 001-38648 BRP INC. (Translation of registrant’s name into English) 726 Saint-Joseph Street Valcourt, Quebec, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): EXHIBIT INDEX Exhibits 99.1 and 99.2 to this report of a Foreign Private Issuer on Form 6-K are deemed filed for all purposes under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Exhibit No. Description 99.1 Unaudited Condensed Consolidated Interim Financial Statements for the Three-Month Ended April 30, 2024 99.2 Management’s Discussion and Analysis of Financial Condition and Results of Operations for the Three-Month Ended April 30, 2024 99.3 Regulation 52-109F2 Certification of Chief Executive Officer 99.4 Regulation 52-109F2 Certification of Chief Financial Officer SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BRP Inc. By: /s/ Sébastien Martel Name: Sébastien Martel Title: Chief Financial Officer Date: May 31, 2024 EX-99.1 2 d832609dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Unaudited Condensed Consolidated Interim Financial Statements BRP Inc. For the three-month periods ended April 30, 2024 and 2023 BRP Inc. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF NET INCOME [Unaudited] [in millions of Canadian dollars, except per share data]     Three-month periods ended Notes April 30, 2024 April 30, 2023 Revenues 14 $2,031.7 $2,429.4 Cost of sales 1,551.7 1,805.9 Gross profit 480.0 623.5 Operating expenses Selling and marketing 124.3 127.5 Research and development 115.3 101.7 General and administrative 99.2 98.8 Other operating expenses 15 17.1 13.6 Total operating expenses 355.9 341.6 Operating income 124.1 281.9 Financing costs 16 48.7 44.3 Financing income 16 (1.8 ) (1.5 ) Foreign exchange loss on long-term debt 70.2 43.4 Income before income taxes 7.0 195.7 Income tax expense 17 14.4 41.2 Net income (loss) $(7.4 ) $154.5 Attributable to shareholders $(7.6 ) $154.2 Attributable to non-controlling interest $0.2 $0.3 Basic earnings (loss) per share 13 $(0.10 ) $1.96 Diluted earnings (loss) per share 13 $(0.10 ) $1.92 The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements. 2 BRP Inc. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME [Unaudited] [in millions of Canadian dollars] Three-month period