BRP Inc. (NASDAQ:DOOO) Q3 2025 Earnings Conference Call December 6, 2024 9:00 AM ET

Company Participants

Philippe Deschenes - Director of Investor Relations
Jose Boisjoli - Chair, President and Chief Executive Officer
Sebastien Martel - Chief Financial Officer

Conference Call Participants

Sabahat Khan - RBC Capital Markets
James Hardiman - Citi
Joseph Altobello - Raymond James
Benoit Poirier - Desjardins Capital Markets
Robin Farley - UBS
Cameron Doerksen - National Bank Financial
Craig Kennison - Baird
Martin Landry - Stifel
Xian Siew - BNP Paribas
Jonathan Goldman - Scotiabank
Jaime Katz - Morningstar
Luke Hannan - Canaccord
Tristan Thomas-Martin - BMO Capital Markets
Brian Morrison - TD Cowen

Operator

Good morning, ladies and gentlemen, and welcome to BRP Inc. Fiscal Year '25 Third Quarter Results Conference Call. For participants who use the phone, it is recommended to turn off the sound on your device.

And I would like to turn the meeting over to Mr. Philippe Deschenes. Please go ahead, Mr. Deschenes.

Philippe Deschenes

Thank you, Sylvie. Good morning and welcome to BRP's conference call for the third quarter of fiscal year '25. Joining me this morning are Jose Boisjoli, President and Chief Executive Officer; and Sebastien Martel, Chief Financial Officer.

Before we move to the prepared remarks, I would like to remind everyone that certain forward-looking statements will be made during the call and that the actual result could differ from those implied in these statements. The forward-looking information is based on certain assumption and is subject to risk and uncertainties and I invite you to consult BRP's MD&A for a complete list of these.

Additionally, note that following the announcement of the initiation of the process for the sale of our Marine businesses, these businesses are now presented as discontinued operations. Therefore, all periods presented in these release reflect continuing operation only, unless otherwise noted. Also note that you can find today's presentation on our website at brp.com under the Investor Relations section.

So with that, I'll turn the call over to Jose.

Jose Boisjoli

Thank you, Philippe. Good morning, everyone, and thank you for joining us. The third quarter was marked by disciplined execution of our plan, which allow us to deliver results above our expectation, driven by the timing of Snowmobile shipment and tight management of operating expenses.

Our retail performance was as anticipated, reflecting a challenging market dynamic, due to soft industry trends and high level of promotional activity on non-current unit from other OEMs. We have remained focused on reducing network inventory and we are pleased with the solid progress made so far.