VALCOURT, QC, Nov. 14, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its third quarter FY25 financial results conference call on Friday, December 6, 2024.José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the third quarter of FY25 and address questions from analysts on a conference call at 9 am (EDT).Third Quarter FY25 ResultsThe press release will be distributed on Canadian and American newswires on Friday, Dec ...

VALCOURT, QC, Nov. 14, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its third quarter FY25 financial results conference call on Friday, December 6, 2024.José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the third quarter of FY25 and address questions from analysts on a conference call at 9 am (EDT).Third Quarter FY25 ResultsThe press release will be distributed on Canadian and American newswires on Friday, Dec ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, inc ...

BRP Inc. (DOOO) has been on a downward spiral lately with significant selling pressure. After declining 14.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering BRP Inc. (DOOO) , which belongs to the Zacks Automotive - Original Equipment industry.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 56.12%.For the last reported quarter, BRP came out with earnings of $0.45 per share ...

Financial Position - Total assets increased to $3,539,040 thousand as of September 30, 2024, compared to $3,501,937 thousand at December 31, 2023, reflecting a growth of approximately 1.06%[10] - Current assets rose to $1,014,281 thousand, up from $925,905 thousand, marking an increase of about 9.5%[10] - Total liabilities increased to $2,502,431 thousand from $2,483,055 thousand, representing a rise of approximately 0.78%[10] - Total stockholders' equity attributable to Baldwin increased to $595,350 thousand from $560,412 thousand, a growth of about 6.2%[10] - The company reported a current portion of contingent earnout liabilities of $201,281 thousand, down from $215,157 thousand, indicating a decrease of approximately 6.4%[10] - The company’s total current liabilities were $1,031,554 thousand, slightly down from $1,033,440 thousand, showing a decrease of about 0.2%[10] - The accumulated deficit as of September 30, 2024, was $(191,261) thousand, compared to $(182,884) thousand at June 30, 2024[13] - The carrying amount of long-term debt was $1,437.9 million as of September 30, 2024, with an estimated fair value of $1,466.4 million[96] Revenue and Income - Total revenues for Q3 2024 reached $338,938 thousand, a 10.6% increase from $306,270 thousand in Q3 2023[12] - Commissions and fees for the nine months ended September 30, 2024, were $1,050,409 thousand, up 13.0% from $929,306 thousand in the same period of 2023[12] - Operating income for Q3 2024 was $15,406 thousand, compared to an operating income of $86 thousand in Q3 2023[12] - Net loss attributable to Baldwin for Q3 2024 was $8,377 thousand, an improvement from a net loss of $17,629 thousand in Q3 2023[12] - Basic and diluted loss per share for Q3 2024 was $(0.13), compared to $(0.29) in Q3 2023[12] - Total revenues for the three months ended September 30, 2024, were $338.9 million, an increase from $306.3 million for the same period in 2023, representing an increase of 10.5%[42] - Commission revenue for the nine months ended September 30, 2024, was $873.1 million, up from $737.8 million in the same period of 2023, reflecting an increase of 18.4%[42] - For the nine months ended September 30, 2024, total revenues were $1,059.145 million, with net income of $(6.242) million[105] Cash Flow and Liquidity - Cash and cash equivalents grew to $181,759 thousand, compared to $116,209 thousand, indicating a significant increase of about 56.4%[10] - Cash provided by operating activities for the nine months ended September 30, 2024, was $85,708,000, up from $22,799,000 in 2023, reflecting enhanced operational efficiency[18] - Net cash provided by investing activities was $25,609,000 for the nine months ended September 30, 2024, compared to a net cash used of $16,948,000 in 2023, indicating a positive shift in investment strategy[18] - The company had cash and cash equivalents of $344,716,000 at the end of the period, up from $194,394,000 at the end of the same period in 2023, demonstrating strong liquidity[20] - Cash paid for interest during the period was $73,417,000, a decrease from $77,455,000 in 2023, suggesting improved debt management[20] Debt and Financing - Long-term debt, less current portion, rose to $1,399,010 thousand from $968,183 thousand, reflecting an increase of about 44.5%[10] - The company has a revolving credit facility with commitments totaling $600 million, maturing on May 24, 2029[7] - The aggregate principal amount of the JPM Credit Agreement was $1.62 billion as of December 31, 2023, consisting of a term loan facility of $1.02 billion and a revolving credit facility of $600 million[52] - On May 24, 2024, the Company refinanced its Term Loan B and Revolving Facility with $600 million in senior secured notes and a new $840 million term loan facility[53] - The outstanding borrowings on the 2024 Term Loan were $837.9 million with an applicable interest rate of 8.10% as of September 30, 2024[60] - The 2024 Term Loan requires quarterly principal payments of $2.1 million, with the balance payable in full on the maturity date[63] - The Company recorded a loss of $15.1 million related to the extinguishment and modification of debt for the nine months ended September 30, 2024[55] Operating Expenses - Total operating expenses for Q3 2024 were $323,532 thousand, a slight increase from $306,184 thousand in Q3 2023[12] - The company reported a depreciation and amortization expense of $80,953,000 for the nine months ended September 30, 2024, compared to $73,755,000 in 2023, showing an increase in asset utilization[18] - The Company incurred $32.0 million in debt issuance costs, with $18.0 million capitalized as deferred financing costs and $14.0 million expensed during the nine months ended September 30, 2024[55] Shareholder Information - The balance of Class A common stock shares increased to 67,536,347 as of September 30, 2024, from 66,544,590 shares at June 30, 2024[13] - The total number of shares authorized for issuance under the Omnibus Plan and the Inducement Plan was 10,793,035 and 3,000,000, respectively, at September 30, 2024[78] - Non-vested awards outstanding at September 30, 2024, increased to 3,720,279 shares from 3,521,590 shares at December 31, 2023, reflecting a growth of approximately 5.7%[80] - Share-based compensation expense for the three months ended September 30, 2024, was $17.9 million, up from $14.6 million in the same period of 2023, representing a year-over-year increase of 22.4%[81] - The total fair value of shares that vested and settled under the Plans was $36.7 million for the nine months ended September 30, 2024, compared to $29.6 million for the same period in 2023, marking a 24% increase[80] Legal and Compliance - The Company is involved in various legal claims, but management believes the ultimate resolution will not materially affect its financial position[98] - Baldwin Holdings was in compliance with all covenants under the 2024 Credit Agreement at September 30, 2024[69] Business Operations - The Insurance Advisory Solutions Operating Group generated revenues of $549.810 million for the nine months ended September 30, 2024, with net income of $55.619 million[105] - The Underwriting, Capacity & Technology Solutions Operating Group reported revenues of $356.176 million and net income of $70.470 million for the same period[105] - The Mainstreet Insurance Solutions Operating Group achieved revenues of $209.422 million with net income of $32.361 million for the nine months ended September 30, 2024[105] - The Company generated commissions and fees from various arrangements, including service fee and consulting arrangements in its Operating Groups[102]

Exhibit 99.1 THE BALDWIN GROUP ANNOUNCES THIRD QUARTER 2024 RESULTS - Total Revenue Growth of 11% to $338.9 Million; Organic Revenue Growth of 14% - (1) (2) - Net Loss of $14.5 Million and Diluted Loss Per Share of $0.13; Adjusted Diluted EPS Growth of 14% to $0.33 - (3) (4) - Adjusted EBITDA Growth of 14% and Pro Forma Adjusted EBITDA Growth of 18% Year-Over-Year to (3) $72.8 Million and Adjusted EBITDA Margin of 21%; 60 Basis Point Expansion Compared to the Prior-Year Period - TAMPA, FLORIDA - November 4, ...

VALCOURT, QC, Oct. 17, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) today announced that it is initiating a process for the sale of its Marine businesses namely Alumacraft, Manitou, Telwater (Quintrex, Stacer, Savage and Yellowfin), and Marine parts, accessories and apparel. This process excludes all activities related to its Sea-Doo personal watercraft, Sea-Doo Switch pontoons and jet propulsion systems. In light of the challenging economic context, BRP has decided to channel its efforts and inve ...

VALCOURT, QC, Oct. 9, 2024 /PRNewswire/ - The Board of Directors of BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announces that, for personal reasons, Ms. Estelle Métayer has tendered her resignation as Director of the Company, effective today. Ms. Métayer served on the Board of Directors of the Company since 2014. "The Board of Directors extends its heartfelt thanks to Estelle for her contributions to the Company and the guidance she has provided over the last decade," said José Boisjoli, Chair of the Board of Direc ...

PALM BAY, Fla, Sept. 20, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO), a global leader in powersports and marine products, is proud to announce the official inauguration of its Design & Innovation Center in Palm Bay, Florida, as part of its on-going expansion in the region. This cutting-edge Center, dedicated to advanced concepts and designs for on-water products, should bring significant innovation to the marine industry. BRP Expands Presence in Palm Bay and Inaugurates New Design & Innovation Ce ...