Report
Jaime Katz

Innovation at BRP continues to drive share gains, ensuring its brand intangible asset is intact.

Narrow-moat BRP grabbed incremental market share again in its first quarter, outgrowing the industry in side-by-sides, all-terrain vehicles, snowmobiles, and personal watercraft, indicating that research and development efforts are gaining traction with consumers and supporting the firm’s brand intangible asset. Total sales rose 16% to CAD 1.14 billion with year-round products (41% of 2017 sales) handily outpacing our mid-single-digit expectation, rising 33% to CAD 526.6 million as side-by-side ...
Underlying
BRP Inc.

BRP is engaged in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Co's diversified portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft ("PWCs"), Can-Am all-terrain vehicles ("ATVs"), side-by-side vehicles ("SSVs") and Spyder roadsters, and propulsion systems composed of Evinrude outboard engines and Rotax engines for jet boats, karts, motorcycles and recreational aircraft. Additionally, Co. supports its line of products with a dedicated PAC business.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jaime Katz

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