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BRP Inc. (NASDAQ:DOOO ) Q2 2024 Earnings Conference Call September 7, 2023 9:00 AM ET Company Participants José Boisjoli - President, Chief Executive Officer Sébastien Martel - Chief Financial Officer Philippe Deschênes - Director, Investor Relations Conference Call Participants Mark Petrie - CIBC World Markets Robin Farley - UBS James Hardiman - Citi Xian Siew - BNP Paribas Fred Wightman - Wolfe Research Cameron Doerksen - National Bank Financial Craig Kennison - Baird Martin Landry - Stifel Jaime Katz - Morningstar Joe Altobello - Raymond James Luke Hannan - Canaccord Genuity Brian Morrison - TD Securities Tristan Thomas-Martin - BMO Capital Markets Michael Kypreos - Desjardins Jonathan Goldman - Scotiabank Operator Good morning ladies and gentlemen, and welcome to the BRP Inc.'s FY24 second quarter results conference call. For participants who use the telephone line, it is recommended to turn off the sound on your device.

BRP Inc. (DOOO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

VALCOURT, QC , Aug. 17, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its second quarter FY24 financial results conference call on Thursday, September 7th, 2023. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the second quarter of FY24 and address questions from analysts on a conference call at 9 a.m.

Outdoor recreation got a big boost during the pandemic as social distancing and lockdowns caused people to seek out other forms of leisure and entertainment that didn't involve human interactions.

BRP has demonstrated strong growth and created shareholder value. Despite impressive growth and good operating margins, BRP's earnings are highly sensitive to macroeconomic trends, making it a volatile investment. While BRP has potential for future growth, current economic risks and the possibility of margin decreases make the stock a hold recommendation.

BRP Inc. (DOOO) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.31 per share a year ago.

BRP Inc. has a solid market position, targeting the higher end of consumers, and is well-positioned to meet the growing demand for outdoor recreational vehicles. A strong commitment to efficient inventory and supply chain management can generate an upside in enterprise value.

BRP Inc. is a leading manufacturer of recreational vehicles in the powersports industry with a history of strong revenue growth and profitability. The company has a dominant market position and has been stealing market share from competitors, which has propelled its growth despite a small industry decline last quarter.

BRP Inc. (DOOO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Investors may keep a tab on stocks like OXM, DOOO, MAA and SLG, which have lately hiked their dividend payments.