BRP Inc. Files 6-K for Quarterly Results

Ticker: DOO · Form: 6-K · Filed: 2024-12-06T00:00:00.000Z

Sentiment: neutral

Topics: quarterly-results, reporting

TL;DR

BRP Inc. dropped its quarterly results 6-K today, Dec 6. Check the press release for the deets.

AI Summary

BRP Inc. filed a Form 6-K on December 6, 2024, to report its quarterly results. The filing includes a press release dated December 6, 2024, detailing these results. BRP Inc. is a Canadian company incorporated in Quebec, operating in the miscellaneous transportation equipment sector.

Why It Matters

This filing provides investors with updated financial performance information for BRP Inc., crucial for assessing the company's current operational health and future prospects.

Risk Assessment

Risk Level: low — This is a routine filing reporting quarterly results, not indicating any immediate operational or financial distress.

Key Players & Entities

FAQ

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

The primary purpose of this Form 6-K filing is to report the quarterly results of BRP Inc., as detailed in an accompanying press release dated December 6, 2024.

What is BRP Inc.'s standard industrial classification?

BRP Inc.'s standard industrial classification is MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790].

Where is BRP Inc.'s principal executive office located?

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. files annual reports under Form 40-F.

What exhibit is included with this Form 6-K?

Exhibit 99.1, a press release of BRP Inc. on quarterly results dated December 6, 2024, is included with this Form 6-K.

From the Filing

0001193125-24-271958.txt : 20241206 0001193125-24-271958.hdr.sgml : 20241206 20241206070025 ACCESSION NUMBER: 0001193125-24-271958 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20241206 FILED AS OF DATE: 20241206 DATE AS OF CHANGE: 20241206 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: 241530519 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 d831351d6k.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 December, 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 December 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: December 6, 2024 EX-99.1 2 d831351dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 PRESS RELEASE For immediate distribution BRP PRESENTS ITS THIRD QUARTER RESULTS FOR FISCAL YEAR 2025 Highlights ● Revenues of $1,955.7 million, a decrease of 17.5% compared to last year, resulting from softer demand and continued focus on reducing network inventory levels; ● Net income of $27.3 million, a decrease of 69.7% compared to last year; ● Normalized EBITDA [1] of $264.1 million, a decrease of 42.9% compared to last year; ● Normalized diluted earnings per share [1] [2] of $1.16, a decrease of $2.08 per share, and diluted earnings per share of $0.37, a decrease of $0.79 per share, compared to last year; ● North American retail sales decreased by 11% compared to last year; ● North American Off-Road Vehicle network inventory has decreased by 22% compared to last year-end, achieving our objective one quarter ahead of plan; ● Reaffirming full year-end guidance adjusted for Marine discontinued operations with revenues between $7.6 and $7.8 billion, and Normalized earnings per share – diluted [1] [2] between $4.25 and $4.75; ● Following the initiation of a process for the sale of the Marine businesses, the financial results are presented on a continuing basis, excluding Marine discontinued operations, and prior periods are reclassified accordingly. Valcourt, Quebec, December 6, 2024 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) today reported its financial results for the three- and nine-month periods ended October 31, 2024. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available on SEDAR+ and EDGAR as well as in the section Quarterly Reports of BRP’s website. “Our disciplined execution allowed us to deliver results above expectations, des

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