BRP Inc. Files 6-K for Quarterly Results

Ticker: DOO · Form: 6-K · Filed: 2024-09-06T00:00:00.000Z

Sentiment: neutral

Topics: quarterly-results, filing

TL;DR

BRP Inc. dropped its quarterly results via a 6-K filing today.

AI Summary

BRP Inc. filed a Form 6-K on September 6, 2024, to report its quarterly results. The filing includes a press release dated September 6, 2024, detailing these results. BRP Inc. is a Canadian company incorporated in Quebec, with its principal executive office located at 726 Saint-Joseph Street, Valcourt, Quebec.

Why It Matters

This filing provides investors with timely updates on BRP Inc.'s financial performance, which can influence investment decisions and stock valuation.

Risk Assessment

Risk Level: low — This is a routine filing of quarterly results and does not contain new material information beyond what is expected in such reports.

Key Players & Entities

FAQ

What is the purpose of this Form 6-K filing?

The Form 6-K is filed by BRP Inc. to report its quarterly results, as detailed in an accompanying press release dated September 6, 2024.

When was this report filed with the SEC?

This report was filed on September 6, 2024.

Where is BRP Inc. headquartered?

BRP Inc.'s principal executive office is located at 726 Saint-Joseph Street, Valcourt, Quebec, Canada.

Does BRP Inc. file annual reports under Form 20-F or Form 40-F?

BRP Inc. indicates it files annual reports under Form 40-F.

What exhibit is included with this 6-K filing?

Exhibit 99.1 is included, which is a press release of BRP Inc. on quarterly results, dated September 6, 2024.

From the Filing

0001193125-24-214683.txt : 20240906 0001193125-24-214683.hdr.sgml : 20240906 20240906070057 ACCESSION NUMBER: 0001193125-24-214683 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20240906 FILED AS OF DATE: 20240906 DATE AS OF CHANGE: 20240906 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: 241282918 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 d881680d6k.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 September, 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 Exhibit No. Description 99.1 Press release of BRP Inc., on quarterly results, dated September 6, 2024 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: September 6, 2024 EX-99.1 2 d881680dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 PRESS RELEASE For immediate distribution BRP PRESENTS ITS SECOND QUARTER RESULTS FOR FISCAL YEAR 2025 Highlights ● Revenues of $1,841.9 million, a decrease of 33.7% compared to last year, reflecting the Company’s focus on reducing network inventory levels; ● Net income of $7.2 million, a decrease of $331.5 million compared to last year; ● Normalized EBITDA [1] of $198.5 million, a decrease of 58.0% compared to last year; ● Normalized diluted earnings per share [1][2] of $0.61, a decrease of $2.60 per share, and diluted earnings per share of $0.09, a decrease of $4.17 compared to last year; ● North American Powersports retail sales decreased by 18% compared to an industry that decreased in the high single digit %; ● Adjusting full year-end guidance for revenues, now ranging between $7.8 and $8.0 billion, and for Normalized diluted earnings per share [1][2] , now ranging between $2.75 and $3.25. Recent events – Highlights from Club BRP 2025 ● The Company continued to push the boundaries of innovation and technology by enhancing its existing product lines, namely with the introduction of the all-new Can-Am Outlander 850 and 1000R ATVs, the Can-Am Maverick R Max SSV lineup, the Sea-Doo FishPro Apex, the Sea-Doo Switch Fish pontoon, and the 2025 Alumacraft Competitor and Trophy boat models, as well as with the launch of the brand-new Can-Am Canyon 3-wheel vehicle. ● BRP also formally launched its Can-Am Pulse and Can-Am Origin all-electric motorcycle lineup, marking its official entry into the electric motorcycle industry. Valcourt, Quebec, September 6, 2024 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) today reported its financial results for the three- and six-month periods ended July 31, 2024. All financial informatio

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