No Sign of Consumer Slowdown at Narrow-Moat BRP With Robust Top-Line Growth Slated for FY20
Narrow-moat BRP wrapped up its final quarter of fiscal 2019 with solid performance, including year-round product growth of 17%, a seasonal product sales increase of 32%, powersports PAC and OEM engine revenue rising 8%, and marine up 38% thanks to the addition of Manitou and Alumacraft. Nearly all segments performed in line with our outlook except for the seasonal category, which was ahead of our estimate, helped by a higher volume and favorable mix of snowmobiles. Net income of CAD 86 million a...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.
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.
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