BRP Celebrates 15th Anniversary of the Rotax Max Challenge Grand Finals in Valencia, Spain

16 04 2014

GUNSKIRCHEN, AUSTRIA – April 16, 2014 – (Motor Sports Newswire) – BRP will celebrate the 15th anniversary of the Rotax MAX Challenge Grand Finals (RMCGF) at Kartodromo Internacional Lucas Guerrero in Valencia, Spain from November 25 to 29, 2014.

“We are proud to celebrate the 15th anniversary of the RMCGF, especially in Spain as it will be our first time on the Spanish mainland,” said François Tremblay, marketing director, Rotax kart engines, BRP. “We hope to attract a broad audience thanks to the region’s history of motorsports racing.”

Valencia is not only famous for its historic monuments, views and cultural attractions, it is also known for its motorsport events like the Formula One Grand Prix and the motorcycle Grand Prix. Close to 300 qualified Rotax MAX Challenge Grand Finals racers, coming from over 50 countries, will feel the spirit of racing in Valencia’s Kartodromo Internacional Lucas Guerrero.

“Hosting the 2014 RMCGF is a great opportunity to promote internationally our brand-new facility in Chiva, which is located about 30 km from Valencia,” stated Lucas Guerrero, GT-series driver and owner of the karting circuit.

“The karting market is growing in Spain and we are confident the Grand Finals will further support the market development in that region,” said Arnaldo Frias, general manager, Korridas e Kompanhia, Spanish distributor of BRP’s Rotax kart engines and co-host of the event.

The number of participants to the RMCGF has grown steadily over the past 15 years. The 2013 RMCGF was held in New Orleans, United States, and welcomed 360 drivers coming from nearly 60 countries. At that time, BRP held a contest where participants raced to adjust a balance drive. The winner, 20-year-old racer and mechanic Matas Kiznis from Lithuania will visit Valcourt, Canada, birthplace of the Ski-Doo snowmobile, from May 7-9, 2014, to discover BRP first-hand.

“I have been using Rotax engines since 2008,” Kiznis enthused. “I entered the BRP contest because I didn’t want to miss the opportunity to see how the number-one products in the world are manufactured.”

The Rotax MAX Challenge (RMC) is a professional kart racing series established, owned and organized by BRP and its Rotax kart engine distributors. Approved by and in compliance with CIK / FIA, the RMC is a “one-make-engine” formula: only Rotax kart engines that are checked and sealed (for equal performance) are allowed. The success in the competition is mainly up to the skills of the driver.

About BRP

BRP (TSX: DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Its portfolio includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am roadsters, Evinrude outboard engines and Rotax engines for karts, motorcycles and recreational aircraft as well as inboard jet propulsion systems for boats. BRP supports its line of products with a dedicated parts, accessories and clothing business. With annual sales of over CA$3 billion from 105 countries, the Company employs approximately 7,100 people worldwide. www.brp.com, @BRPnews, www.rotax-kart.com

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DragonFire Does Doors For Can-Am Maverick & Commander Models

26 03 2014

HiBoys are Here!

CHANDLER, AZ – March 26, 2014 – (Motor Sports Newswire) -  Can-Am’s new Maverick has been one of the hottest sellers this spring, but now it is time to really “feel the heat” as DragonFire introduces its popular HiBoy doors for the Maverick and Commander. Precision fit and superior finish at an affordable price makes these doors an open and shut case for any Can-Am 2-seater.

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“No question that the Maverick has set the Side-X-Side market on fire and the Commander continues to build on its core audience,” says DragonFire Product Line Business Manager, Brice Ginn. “However, as great as these Can-Ams are, we can make a case for better doors.” Hence the HiBoys. “These are not your typical fab-shop doors with a simple aluminum skin roughly cut out to fit the frame. Instead, DragonFire doors have been specifically engineered for a precision fit for the Maverick and Commander in multiple ways.”

For example, each aluminum door panel is laser cut for a precise fit. All panels are backed by frame braces for strength and added durability. Aesthetically, the custom bends match to OEM lines. “Everything from the solid frame-anchored mounting points to internal support braces and skin angles that coincide with the Can-Am so it looks like these doors came straight from the factory,” claims Ginn.

“Then we go one step further by integrating our automotive-style ‘Locked & Secured’ slam-shut latch setup and incorporating built-in limiting straps,” Brice adds. “There is a reason why they are called ‘Suicide Doors’ and we definitely don’t want anyone to find out the hard way.” DragonFire doors also feature a stylish black powdercoated finish for anti-corrosion purposes.

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HiBoy doors offer an OEM fit and finish level combined with superior functionality for any 2-seat Maverick or Commander Side-X-Side (stay tuned, 4-door kits are coming soon).

Features:

  • Hand-welded in the USA
  • Suicide opening doors (sold in sets of 2)
  • Slam-shut latches with built-in locks
  • Easily removable doors with upper lock-down hinges
  • Rubberized backing & delrin striker pin bushings for reduced trail noise
  • Inner frame support behind door skins
  • Integrated door opening limit straps
  • Solid frame-anchored mounting points with built in adjustments
  • Matches OEM body lines
  • Pre-assembled for easy installation
  • Powdercoated all black
  • OEM-matching graphics kits sold separately
  • Fits all 2-seat Can-Am Maverick 1000, Commander 1000 & 800 models

Click here for more details.

Also be sure to “Like” DragonFire on Facebook while you are online.

FEEL THE HEAT!

The name says it all! DragonFire continues to crank up the heat when it comes to the best products in the Side-X-Side industry. DragonFire has everything from performance and suspension components to HardParts, bolt-on accessories and signature product lines! We feel your passion, so when you think of Side-X-Side parts and accessories, think of the Dragon… and FEEL THE HEAT!

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That’s a Wrap! Team DragonFire Ready for the Mint 400

13 03 2014

Defending SxS Champ Lacrecia Beurrier Goes For Pro 1000 Win This Weekend

CHANDLER, AZ – March 13, 2014 – (Motor Sports Newswire) – Starting with today’s procession down Las Vegas Blvd., the pre-race festivities for The Mint 400 are kicking off! It took a couple of round-the-clock sessions and a quick side trip from her Lake Havasu, Arizona, home to the DragonFire HQ in Chandler, but things are finally wrapped up on Lacrecia Beurrier’s new Can-Am Pro 1000 Maverick… literally! The graphics gurus at Wolf Designs were able to get the vehicle wrapped the night before it was hauled to Nevada to participate in today’s parade of racers down “The Strip.”

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Lacrecia Beurrier’s Team DragonFire/RideNow/Can-Am Pro 1000 Maverick joined more than 50 Trophy Trucks and $10 million worth of custom-fabricated off-roaders thundering down the strip this afternoon. Headed by 1973 Mint 400 winner and iconic American racer, Parnelli Jones, the procession is a tribute to the parades that took place on Fremont Street decades ago.

Now that the car is looking good and has its first public appearance under its belt, it is almost time to go racing! Following the parade, the racer goes on display at the RideNow dealership on Rancho for an exclusive up-close and personal look for sponsors, media and VIPs Thursday night; onto Contingency Row Friday, and finally, the race itself on Saturday! “Our new Can-Am Maverick looks ‘marvhelous’ thanks to the wrap by Wolf Designs and Mothers Polish,” says Lacrecia, stealing a phrase from Billy Crystal’s old Saturday Night Live skit. “Now I can’t wait to go racing!” In a couple of shakedown runs made without the bodywork in place she says, “This Can-Am is FAST!”

While she hopes the speed will take her to the winners circle on Saturday, Lacrecia wants her fans to cash in on The Mint 400 experience as well. She is teaming up with sponsors such as Mothers and RideNow to give away goody bags during tech inspection on Friday. The first 400 folks to stop by the Team DragonFire/RideNow/Can-Am display on contingency row can strike it rich! In a gift that keeps on giving, they are also selling Team Shirts with the proceeds going to Cedars-Sinai to support cancer research. As if this weren’t enough, all three Las Vegas area RideNow dealerships (Rancho, Boulder and Craig) are offering 10% off any DragonFire product. Las Vegas locals can redeem this discount until 3/31/2014.

Lacrecia would like to thank all her sponsors, including DragonFire, RideNow, Can-Am, Bell, BSsand.com, Bulldog LED Lighting, CP-Carrillo, Elka, EPI, ITP, Mothers Polish, Muzzys, Parker Oil, Rockstar Customs, Royal Purple, Rugged Radios, Wicked Bilt and Wolf Graphics. For last minute Mint 400 updates, click on http://themint400.com

ABOUT LACRECIA BEURRIER

This two-time Mint 400 winner races for a reason — she is out to honor the survival, determination and compassion of those fighting breast cancer. The pink ribbon for breast cancer awareness is not something Lacrecia just slapped on the car last October during Breast Cancer Awareness Month. “Racing to support the cure is where it all started for me,” she says. “My first race in my old Rhino was a charity event to raise money for the program.” Lacrecia quickly went from charity events and powderpuff racing to the real deal, competing in what is billed as America’s toughest off-road race, the Mint 400! Not only did she finish the race, she won the Sportsman UTV class first time out and then came back to successfully defend her title… proudly running the ribbon and pink trim for both her Mint 400 wins. She is a true champion, on and off track — when she is not ripping it up on the race course, Lacrecia’s “real” job is as a registered nurse in Lake Havasu, Arizona. DragonFire, RideNow and Can-Am are honored to have teamed up with Lacrecia’s Rockstar Custom Motorsports effort this season. See http://rockstarcustomz.com for details on Lacrecia Beurrier’s program.

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High Rollers Headed to Las Vegas

28 02 2014

ITP Backs Team DragonFire At The Mint 400

CHANDLER, AZ – February 28, 2014 – (Motor Sports Newswire) – Just two weeks away from the toughest desert race in North America, all the high-rollers like Travis Pastrana and Bryce Menzies are looking to cash in on fame and fortune at The Mint 400. Add 2X Sportsman UTV Champ Lacrecia Beurrier to the list of top pros ready to tackle the challenge when the green flag drops on March 15. Team DragonFire’s Best in the Desert Pro 1000 UTV racer is on a roll when it comes to teaming up with the best in the business to support her quest for a third victory at the infamous Mint 400, and she is proud to partner with ITP for both tires and wheels.

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“For 2014 ITP has hooked us up with their Ultra Cross tires and their new SD dual-beadlock rims,” says Lacrecia. “I cannot wait to go out and test them this weekend to see how they work.” The most critical component of any desert racer, Beurrier believes there is only one clear choice for tires and wheels in Side-X-Side racing: ITP.

Although she will be rolling on ITP’s massive 30 x 10 Ultra Cross tires, it is the bright pink beadlocks that will probably stand out even more visually. The pink trim on her Can-Am and pink beadlocks are to help support breast cancer awareness, something she has supported from day #1 of her racing career and were highlighted at the top of the podium in her two previous Mint 400 wins. “Supporting breast cancer research for a cure has always been the reason for racing,” she explains.

“ITP is an awesome company and we are super-excited to have them onboard,” concludes Lacrecia. However, you will have to wait until March 15, 2014 to see how Team DragonFire rolls at The Mint 400! In the interim, ITP joins a growing list of supporters, including DragonFire, RideNow, Can-Am, Bell, CP-Carillo, Elka, ITP, Mothers, Muzzys, Rockstar Customs and Royal Purple. For more info about The Mint 400, click on http://themint400.com

ABOUT LACRECIA BEURRIER

This two-time Mint 400 winner races for a reason — she is out to honor the survival, determination and compassion of those fighting breast cancer. The pink ribbon for breast cancer awareness is not something Lacrecia just slapped on the car last October during Breast Cancer Awareness Month. “Racing to support the cure is where it all started for me,” she says. “My first race in my old Rhino was a charity event to raise money for the program.” Lacrecia quickly went from charity events and powderpuff racing to the real deal, competing in what is billed as America’s toughest off-road race, the Mint 400! Not only did she finish the race, she won the Sportsman UTV class first time out and then came back to successfully defend her title… proudly running the ribbon and pink trim for both her Mint 400 wins. She is a true champion, on and off track — when she is not ripping it up on the race course, Lacrecia’s “real” job is as a registered nurse in Lake Havasu, Arizona. DragonFire, RideNow and Can-Am are honored to have teamed up with Lacrecia’s Rockstar Custom Motorsports effort this season. See http://rockstarcustomz.com for details on Lacrecia Beurrier’s program.

ABOUT ITP

In business for more than 30 years, ITP has become the world’s #1 ATV/UTV aftermarket tire and wheel source. ITP utilizes its experienced staff of engineers, designers and technicians at its two American tire facilities in Clinton, TN, and Jackson, TN, to develop award-winning tire-and-wheel designs for virtually all ATVs and side-by-side vehicles. Numerous outlets distribute ITP tires across the United States and in more than 25 countries worldwide. For a full-color ITP catalog, call toll-free: 1-800-889-7367 or visit www.itptires.com

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Things Begin Heating Up for Dragonfire’s Return to the Mint 400

20 02 2014

Video Leak Indicates Defending Champ Lacrecia Beurrier Looking For A Three-Peat

CHANDLER, AZ – February 20, 2014 – (Motor Sports Newswire) -  To be the best, you have to beat the best! DragonFire is elated to announce we are returning to “America’s Toughest Off-Road Race” — the infamous Mint 400 — with long-time sponsored driver Lacrecia Beurrier. The Mint 400 has held the title of being the toughest, most spectacular off-road race in North America since its first running back in 1967 and this year promises to be even tougher and more spectacular, according to the organizers. This is just the sort of challenge DragonFire and Lacrecia were looking for.

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After winning the Sportsman title twice, Lacrecia was looking to really make a statement this year by upping her game to the run the Best In The Desert Pro 1000 class this year. “We’re back with a brand new beast,” Lacrecia says. The new challenge called for an all-new car as the defending Mint 400 sportsman champ has parked her old Polaris and enters this year’s event with a new Can-Am ride. “I could tell you more, but that would spoil the surprise,” she adds. However, a series of video sneak peeks have been leaked by co-driver and DragonFire Social Media Marketing Manager, Chris Moore. “Oops, my bad… don’t look at this video, please!”

Actually Moore is chronicling the new rig’s progress from bare bones to race winner in a series of snippets. “You can follow along or wait until March 14, 2014 when the wraps come off! Thanks to a growing list of supporters such as DragonFire, Can-Am, RideNow, Bell, Elka, ITP, Lonestar, Mother’s, Rockstar Customs and Royal Purple, DragonFire and Lacrecia are looking forward to conquering the Mint 400… again!

In the meantime, see more at the Mint 400 in Las Vegas, March 14-15, 2014: http://themint400.com

ABOUT LACRECIA BEURRIER

This two-time Mint 400 winner races for a reason — she is out to honor the survival, determination and compassion of those fighting breast cancer. The pink ribbon for breast cancer awareness is not something Lacrecia just slapped on the car last October during Breast Cancer Awareness Month. “Racing to support the cure is where it all started for me,” she says. “My first race in my old Rhino was a charity event to raise money for the program.” Lacrecia quickly went from charity events and powderpuff racing to the real deal, competing in what is billed as America’s toughest off-road race, the Mint 400! Not only did she finish the race, she won the Sportsman UTV class first time out and then came back to successfully defend her title… proudly running the ribbon and pink trim for both her Mint 400 wins. She is a true champion, on and off track — when she is not ripping it up on the race course, Lacrecia’s “real” job is a registered nurse in Lake Havasu, Arizona. DragonFire, Can-Am and RideNow are honored to have teamed up with Lacrecia’s Rockstar Custom Motorsports effort this season. See http://rockstarcustomz.com for details on Lacrecia Beurrier’s program

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Blingstar’s New Product for Can Am Maverick

10 02 2014

Maverick Door Graphics

CORONA, CA – February 10, 2014 – (Motor Sports Newswire) – Blingstar has designed these custom graphics to match the stock color ways. We use .004 mil soft & flexible white vinyl with a clear permanent acrylic adhesive, then laminated with a 13 mil clear vinyl. These kits add so much style and are extremely durable & resistant to failure in abusive applications.

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Retail $118.95

Available at www.Blingstar.com or 866-412-5464

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DragonFire Fired Up for Parker 250

10 01 2014

Bringing The Heat To Best In The Desert Series!

CHANDLER, AZ – January 10, 2014 – (Motor Sports Newswire) – New car, new program, but same old determination… DragonFire is elated to announce that we are back in “Best In The Desert” for 2014 with long-time sponsored driver Lacrecia Beurrier! The desert racing season kicks off this weekend at the historically brutal Parker 250. Located on the Arizona side of the Colorado River,  Parker is the ultimate proving ground for all the team’s off-season efforts. All teams except for Team DragonFire that is.

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The two-time Mint 400 champion has parked her old Polaris and enters Parker with a new Can-Am ride. “It is always crazy at the start of a new season, but this year is really off the chart,” says Lacrecia. In fact, so crazy that there simply was not enough time to finish off her new Can-Am, so she will be be piloting a Rowdy Dawg-built Can-Commander 1000 at the first race of the year.

“Come March 2014, Lacrecia and DragonFire will be unveiling a brand new race car and program that we can not quite talk about just yet,” says co-driver and DragonFire Social Media Marketing Manager, Chris Moore.  “But believe us when we say it’s going to be BIG news!” Literally and figuratively as Lacrecia looks to make the jump from the Sportsman Class to the premier Pro 1000 ranks. “Time for her to show the big boys how it’s done,” claims Chris.

Lacrecia says she is excited to start mixing it up with the faster cars and really looking forward to adding her name to the list of winning drivers at the top level of UTV desert racing. “After my first ‘race’ at the MORE Powder Puff Race For The Cure to support breast cancer awareness, I have wanted to compete against the top level teams.” Thanks to sponsors like Can-Am, DragonFire, RideNow, Rockstar Customs and Rowdy Dawg, that dream is becoming a reality. However she will still be sporting the pink breast cancer awareness ribbons in recognition of her racing roots and to continue to call attention to the cause.

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“They say you can’t win the championship at the first round of a series, but there is no question Lacrecia is already a winner in DragonFire’s eyes. We are proud to support her racing efforts and her drive for a cancer cure,” adds Moore. “Stay tuned this season as the story unfolds and Team DragonFire tries to add yet another series championship to the mantel.”

In the meantime, keep your eyes on the #1924 Can-Am Commander at the Parker 250 BITD season opener as this lady races for a reason! You can’t miss the pink ribbons and pink trim.

ABOUT LACRECIA BEURRIER

This two-time Mint 400 winner races for a reason — she is out to honor the survival, determination and compassion of those fighting breast cancer.

The pink ribbon for breast cancer awareness is not something Lacrecia just slapped on the car last October during Breast Cancer Awareness Month. “Racing For The Cure is where it all started for me,” she says. “My first race in my old Rhino was a charity event to raise money for the program.” Lacrecia quickly went from charity events and powderpuff racing to the real deal, competing in what is billed as America’s toughest off-road race, the Mint 400!

Not only did she finish the race, she won the Sportsman UTV class first time out and then came back to successfully defend her title… proudly running the ribbon and pink trim for both her Mint 400 wins. She is a true champion, on and off the track — when she is not ripping it up on the race course, Lacrecia’s “real” job is a registered nurse in Lake Havasu, Arizona.

Lacrecia’s racing effort brings awareness to a serious cause. DragonFire, Can-Am and RideNow are honored to have teamed up with Lacrecia’s Rockstar Custom Motorsports effort this season. Look for Lacrecia at the Parker 250 in preperation for a return to the Mint 400. To learn more about the pink ribbons, click on ww5.komen.org and see http://rockstarcustomz.com for details on Lacrecia Beurrier’s program.

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Jump into the New Year

7 01 2014

DragonFire Now Has Tough Tie Rods For Can-Am Maverick & Max

CHANDLER, AZ – January 7, 2014 – (Motor Sports Newswire) – Ever hear the expression “look before you leap”? Can-Am Maverick and Max owners should heed this advice and check out the hollow aluminum tie rods that come stock on these UTVs. DragonFire suggests taking a closer look at their tougher tie rod options, especially when it comes to big jumps, deep whoops and rough trails.

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“DragonFire has found that the stock tie rods can be the first thing to go during aggressive driving,” says product development manager, Brice Ginn. “As always, we went to the drawing board and designed a set of tie rods that hold up to the punishment DragonFire likes to dish out.” Years of racing experience are combined with technological savvy to create heavy duty solid 4130 Chromoly steel tie rods that are a direct replacement for the stock aluminum components.

140107-DragonFire-CanAm_TieRod_vsStock2“We even use the OEM rod ends, making installation a snap,” adds Ginn. In addition to superior strength compared to their hollow aluminum counterparts, DragonFire tie rods also feature a stylish black powdercoated finish for anti-corrosion purposes. Last but not least, CNC-milled wrench locations to facilitate adjustments round out these rods.

140107-DragonFire-CanAm_TieRod_Kit2“Nothing is unbreakable, but we feel like we have gotten darn close with this kit,” Ginn concludes. Run what the pros run with the new DragonFire Heavy Duty Tie Rods for the Can-Am Maverick and Max models!

Features:

  • Constructed of solid 4130 Chromoly steel
  • Utilizes OEM tie rod ends
  • CNC-machined wrench locations to facilitate adjustments
  • Powdercoated black for anti-corrosion purposes
  • Stronger than stock and other aftermarket options

For more info on the toughest tie rods in the business, click here:  http://bit.ly/19bMzok

Next time you jump onto the Internet, be sure to “Like” DragonFire on Facebook:
 www.facebook.com/DragonFireRacing 

FEEL THE HEAT!

The name says it all! DragonFire continues to crank up the heat when it comes to the best products in the UTV business. DragonFire has everything from engine and suspension components to bolt-on accessories! We feel your passion, so when you think of UTV parts and accessories think of the Dragon… and Feel the Heat!

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Capital One Announces BRP Contract for Private Label Credit

19 12 2013

MCLEAN, VA – December 19, 2013 – (Motor Sports Newswire) – Capital One (NYSE: COF) has signed a three-year financing services agreement with BRP US Inc. “BRP”. This new relationship reinforces Capital One’s commitment to building its private label credit card business.

The contract covers revolving financing for BRP’s Ski-Doo snowmobiles, Sea-Doo watercraft and Can-Am all-terrain vehicles, side-by-side vehicles and Spyder roadsters sold by BRP dealers in the United States.

“Capital One values strategic partnerships with brands such as BRP that deliver real value and offer consumers expanded buying power and a great customer experience,” said Bill Cilluffo, Executive Vice President, Card Partnerships at Capital One. “We’re looking forward to working with BRP, and are honored to help support its growth and position as an industry leader.”

Capital One’s partnership with BRP provides consumers with access to credit that can be used for accessories, services and/or vehicles at BRP dealerships. Offerings include a Life of Loan product, which is designed to be paid off over a set term, as well as promotional rate financing options, which have a low intro APR for a set period of time.

“BRP is always looking for new ways to ease the purchase process for our consumers. This three-year agreement with Capital One provides our American dealers with options they can present to their customers,” said Yves Leduc, vice-president and general manager, North America division.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N. A., had $206.9 billion in deposits and $289.9 billion in total assets as of September 30, 2013. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

About BRP

Bombardier Recreational Products Inc. (BRP) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, its portfolio of brands and products includes Ski Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide.  www.brp.com

Ski-Doo, Sea-Doo, Evinrude, Can-Am, Rotax and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

Contacts

Capital One Financial Corporation
Sukhi Sahni, 703-720-2390
sukhi.sahni@capitalone.com

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BRP Reports Third Quarter Fiscal Year 2014 Results

12 12 2013

Highlights:

  • Record quarterly revenues of $866.0 million, an increase of 18% compared to the corresponding period of FY2013
  • Net income of $48.2 million, an increase of 52% compared to the third quarter FY2013, which resulted in basic earnings per share of $0.41, an increase of $0.10 compared to the corresponding period of FY2013;
  • Normalized net income[1] of $59.0 million, an increase of 39% compared to the third quarter FY2013, which resulted in normalized basic earnings per share[1] of $0.50, an increase of $0.08 compared to the corresponding period of FY2013;
  • Updating FY2014 normalized basic EPS[1] guidance to $1.49 – $1.54 from $1.45 – $1.50

VALCOURT, QUEBEC – December 12, 2013 – (Motor Sports Newswire) – BRP Inc. (TSX: DOO) today reported its financial results for the three- and nine-month periods ended October 31, 2013. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available at www.sedar.com.

“The strong performance in our third quarter was primarily driven by strong shipments of snowmobiles both in North America and internationally. Our results were also buoyed by consumer enthusiasm for our Year-Round products led by our new models of side–by-side vehicles which have been well received worldwide. With solid results through nine months of the fiscal year, we are on track to meet our Revenue and Normalized EBITDA guidance for the year and we are very excited about the line-up of new products for the coming model year 2014,” said José Boisjoli, president and CEO.

“I am very pleased with this performance and particularly proud of the fact that we were able to deliver strong quarterly results as we approach our 10th anniversary as a standalone company. I would like to take this opportunity to thank our employees, our dealers and distributors for their hard work and continued loyal support,” he continued.

Highlights for the Three- and Nine-Month Periods Ended October 31, 2013

Revenues increased by $132.1 million, or 18.0%, to $866.0 million for the three-month period ended October 31, 2013, up from $733.9 million for the corresponding period ended October 31, 2012. The increase in revenues includes a favourable foreign exchange rate variation of $37 million, mainly related to the strengthening of the U.S. dollar and the Euro against the Canadian dollar.

Revenues increased by $186.5 million, or 8.9%, to $2,291.2 million for the nine-month period ended October 31, 2013, up from $2,104.7 million for the corresponding period ended October 31, 2012. The revenues were negatively impacted by the exit of the sport boat business that accounted for $71 million in revenues for the nine-month period ended October 31, 2012. Excluding the exit of the sport boat business, revenues would have increased by 12.7% or $257.5 million. The increase in revenue includes a favourable foreign exchange rate variation of $61 million, mainly related to the strengthening of the U.S. dollar and the Euro against the Canadian dollar.

NET INCOME DATA

131212 BRP income data graph1_en_0

[1] EBITDA, Normalized EBITDA, Normalized net income and Normalized earnings per share are non-IFRS measures that the Company uses to assess its operating performance. EBITDA is defined as net income before financing costs, financing income, income taxes expense (recovery), depreciation expense and foreign exchange (gain) loss on long-term debt. Normalized EBITDA is defined as net income before financing costs, financing income, income taxes expense, depreciation expense, foreign exchange (gain) loss on long-term debt, increase in fair value of redeemable common shares and unusual and non-recurring items. Normalized Net Income is defined as net income before foreign exchange (gain) loss on long-term debt, increase in fair value of redeemable common shares and unusual and non-recurring items adjusted to reflect the tax effect on these items. Normalized earnings per share – basic is calculated by dividing the normalized net income by the weighted average number of shares.

[2] Restated to reflect the application of the amendments to IAS 19 “Employee Benefits” standard as explained in Note 2a) of the unaudited condensed consolidated interim financial statements for the third quarter ended October 31, 2013. 

Seasonal Products

Revenues from Seasonal Products increased by $106.3 million, or 38.5%, to $382.5 million for the three-month period ended October 31, 2013, compared with $276.2 million for the corresponding period ended October 31, 2012. The increase in revenues results mainly from a higher volume and from a favourable product mix of snowmobiles sold following increased orders for the model year 2014 resulting from dealers and distributors’ demand. These incremental orders were mainly shipped in the third quarter. The increase in revenues includes a favourable foreign exchange rate variation of $14 million.

North American Seasonal Products retail sales, excluding the sport boat business, registered an increase in the mid-twenty per cent range as compared to the third quarter of Fiscal 2013.

Year-Round Products

Revenues from Year-Round Products increased by $2.2 million, or 0.9%, to $249.6 million for the three-month period ended October 31, 2013, up from $247.4 million for the corresponding period ended October 31, 2012. The increase is primarily due to higher wholesale and a favourable product mix in side-by-side vehicles, for an increase of approximately 38% compared with the corresponding period ended October 31, 2012. The increase was mainly offset by a 20% reduction in ATV sales compared with the corresponding period ended October 31, 2012. This reduction is mainly due to the introduction during the previous fiscal year of new ATV models such as the Can-Am Outlander two-passenger family and mud-ready models. The increase in revenues includes a favourable foreign exchange rate variation of $12 million.

North American Year-Round Products retail sales increased on a percentage basis by mid-single digits compared with the third quarter of Fiscal 2013.

Propulsion Systems

Revenues from Propulsion Systems increased by $7.6 million, or 9.3%, to $89.6 million for the three-month period ended October 31, 2013, compared with $82.0 million for the corresponding period ended October 31, 2012. The increase in revenues is mainly due to a favourable foreign exchange rate variation of $6 million.

PAC (Parts, Accessories & Clothing)

Revenues from PAC increased by $16.0 million, or 12.5%, to $144.3 million for the three-month period ended October 31, 2013, up from $128.3 million for the corresponding period ended October 31, 2012. The increase is primarily due to a higher volume driven by the increase of Year-Round Products business. The revenue increase includes a favourable foreign exchange rate variation of $5 million.

Gross profit increased by $46.5 million, or 26.2%, to $223.9 million for the three-month period ended October 31, 2013, up from $177.4 million for the corresponding period ended October 31, 2012. Gross profit margin percentage increased by 170 basis points to 25.9% from 24.2% for the three-month period ended October 31, 2012. The increase in gross profit margin percentage was primarily due to higher volumes in Seasonal Products, a favourable product mix and a favourable foreign exchange rate variation of $12 million. The increase was partially offset by the costs related to the transfer of PWC manufacturing to the Querétaro, Mexico facility.

Operating expenses decreased by $3.9 million, or 2.9%, to $128.9 million for the three-month period ended October 31, 2013, down from $132.8 million for the three-month period ended October 31, 2012. This decrease is mainly due to restructuring costs of $17.1 million that were recorded in connection with the closure of the sport boat business during the three-month period ended October 31, 2012, partially offset by higher stock-based compensation in relation to the initial public offering of the subordinate voting shares of the Company, higher advertising expenses to support the introduction of new products and a negative foreign exchange impact of $3 million.

Normalized net income increased by $16.6 million to $59.0 million for the three-month period ended October 31, 2013, compared with $42.4 million for the corresponding period last year. The increase is primarily due to higher wholesale and favourable product mix in Seasonal Products.

Fiscal year 2014 Outlook

Other than a reduction to the Effective Tax Rate, and the resulting increase to Normalized Net Income and Normalized Earnings per Share (as highlighted), BRP’s financial guidance targets as presented on June 13, 2013 are reconfirmed and remain as follows:

131212 BRP Financial Metrics

The above guidance excludes the effects of fluctuations in currency exchange rates. In addition, the Company made a number of economic and market assumptions in preparing its FY2014 financial guidance, including assumptions regarding the performance of the economies in which it operates, market competition and tax laws applicable to its operations. The Company cautions that the assumptions used to prepare the forecasts for FY2014, although reasonable at the time they were made, may prove to be incorrect or inaccurate. In addition, the above forecasts do not reflect the potential impact of any non-recurring or other special items or of any new material commercial agreements, dispositions, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after December 12, 2013. The financial impact of such transactions and non-recurring and other special items can be complex and depends on the facts particular to each of them. We therefore cannot describe the expected impact in a meaningful way or in the same way we present known risks affecting our business. Accordingly, our actual results could differ materially from our expectations as set forth in this news release. The outlook provided constitutes forward-looking statements within the meaning of applicable securities laws and should be read in conjunction with the “Caution Concerning Forward-Looking Statements” section.

Conference call and Webcast presentation

Today at 10 a.m. (EST), BRP Inc. will host a conference call and webcast to discuss BRP’s FY2014 third quarter earnings results released this morning. The call will be hosted by José Boisjoli, president and CEO and Claude Ferland, CFO. A slide presentation and link to the audio webcast will be posted at http://investors.brp.com in the Event Calendar section.

To listen to the conference call by phone, for the integral version please dial 1-514-861-4190 or 1-877-461-2815 (toll-free in North America), or 00 800 6578 9898 for overseas callers. To listen to the English version only, please dial 1-514-392-1478 or 1-866-225-0198 (toll-free in North America), or 00 800 6578 9898 for overseas calls. For the French version only, please dial 1-514-392-9196 or 1-866-225-2055 (toll-free in North America), or 00 800 6578 9898 for overseas calls. In all cases, the event number is 4175835.

A replay of the conference call will be available two hours after the call for 90 days following the original broadcast.

About BRP

BRP (TSX: DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, its portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am roadsters, Evinrude outboard engines as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide. www.brp.com  @BRPNews

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