Tag Archives: BRP

BRP exits outboard motor business

Evinrude G2

Canadian company BRP stunned the recreational boating industry with their announcement it will immediately stop making Evinrude outboards. “Our outboard engines business has been greatly impacted by COVID-19, obliging us to discontinue production of our outboard motors immediately. This business segment had already been facing some challenges and the impact from the current context has forced our hand,” said José ...

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Onboard for outboards

By David Gee The boat buying public is fully on board for outboards. Retail sales increased for the eighth consecutive year in 2019, nearly reaching pre-recession levels with a 13-year high. “We’re seeing the trend in consumer demand for higher performance engines continue with outboard engine sales growth in 2019 led by engines 200hp-plus, accounting for 27% of sales, and ...

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Michigan senator visits Manitou facility

Last Monday, Michigan State Senator Tom Barrett (R-MI-24) visited Manitou Pontoon Boats’ facility in Lansing, which employs 180 people and produces more than 2,500 units annually. The tour showcased Manitou’s plant and highlighted the impact recreational boating has in the state of Michigan – a key pillar of NMMA’s expanded advocacy work. During the visit, Senator Barrett met with company’s ...

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Schools receive engines donated from Evinrude and the ABYC Foundation

The ABYC Foundation announced that 21 Evinrude ETEC G2 3.4L V6 outboard engines have been donated to high schools and post-secondary schools training aspiring marine technicians. More engines will be shipped throughout the year, with schools from 22 U.S. states, Canada and the British Virgin Islands that have applied for the donation program. In 2019, the ABYC Foundation received $2 ...

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Evinrude launches new 150 HP power tiller

Evinrude recently announced the industry’s first 150 HP tiller controlled outboard, with integrated power steering assist and digital shift and throttle, the E-TEC G2 Power Tiller. Designed with beginners to advanced anglers in mind, Evinrude says the new 150 HP Power Tiller is easy to use, even in the worst conditions.  “While the competition is focused on releasing larger and ...

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BRP completes Telwater acquisition

BRP announced the completion of the previously-announced acquisition of 80% of the outstanding shares of Telwater Pty, Ltd ("Telwater"), Australia's leading manufacturer of aluminum boats and trailers. As BRP’s third boat acquisition, BRP says Telwater’s addition to the Marine Group is another step in helping create a strong offering and foundation to expand into new markets, with the objective of ...

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BRP reports Q1 FY 2020 results

BRP Inc. reported its financial results for the three-month period ended April 30, 2019. All financial information is in Canadian dollars unless otherwise noted. “We have experienced strong retail momentum in North America and Europe with all our sectors trending positively, and we are very satisfied with our year-over-year revenue growth of 17%, even while operating in a dynamic environment. ...

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BRP enters into agreement to acquire 80% of Australia’s leading manufacturer of aluminum boats

BRP announced it has entered into a definitive agreement to acquire 80% of the outstanding shares of Telwater, Australia's leading manufacturer of aluminum boats and trailers. Following the closing of the contemplated acquisition, Paul Phelan, Telwater's current owner and managing director, will continue to play an important role in the operations of the business and will hold 20% of the ...

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BRP Names José Boisjoli Chairman of the Board

BRP has announced that José Boisjoli will, in addition to his current roles of president and CEO and director, be appointed Chairman of the Board succeeding Laurent Beaudoin. Mr. Beaudoin, who has played a critical role in the development of BRP’s business since its creation in 1963, will be named Chairman Emeritus and will not stand for re-election. “It has ...

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BRP reports Q4, FY 2019 results

BRP Inc. (TSX:DOO; NASDAQ:DOOO)  reported its financial results for the three- and twelve-month periods ended Jan. 31, 2019.  The complete financial results are available in the Quarterly Reports section of BRP’s website. “Fiscal year 2019 was an incredible year for us, with annual sales of CA $5.2 billion and 37 percent growth of Normalized EPS. I’m extremely proud of the ...

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