Overview

• BRP Inc. announced plans to sell its Alumacraft, Manitou, Telwater, and related marine parts, accessories, and apparel businesses.
• The sale will not include BRP's Sea-Doo personal watercraft, Sea-Doo Switch pontoons, or jet propulsion systems.
• CEO José Boisjoli emphasized the decision to focus on powersports is driven by current industry dynamics and economic challenges.
• BRP has engaged National Bank Financial Inc. to assist with the sale process, seeking new ownership for the marine brands.
• The company's financial performance has declined, with significant drops in profit and revenue compared to the previous year.