Published • loading... • Updated
BRP PRESENTS ITS SECOND QUARTER RESULTS FOR FISCAL YEAR 2027
The Ski-Doo and Sea-Doo maker now expects $4 to $4.50 in normalized earnings per share after quarterly revenue rose 18.5% year over year.
- On Thursday, Valcourt, Que.-based BRP Inc. reported a net loss of $136.8 million for the quarter ended July 31, yet raised its full-year financial guidance despite the loss.
- U.S. President Donald Trump's April expansion of Section 232 import tariffs imposed a 25-per-cent levy on BRP-made snowmobiles and off-road vehicles sold into the country, affecting the company's largest market.
- Revenue climbed 18.5 per cent to $2.24 billion, though gross profit fell 34 per cent to $262.5 million as BRP implemented about $250 million in mitigation measures to offset tariff pressures.
- National Bank analyst Cameron Doerksen described the guidance raise as a positive, with BRP now expecting full-year revenue between $9.225 billion and $9.475 billion.
- Long-Time CFO Sebastien Martel will retire in October and be replaced by Minh Thanh Tran, BRP chief executive Denis Le Vot announced, as the company navigates geopolitical volatility.
Insights by Ground AI
11 Articles
11 Articles
The revenues of the recreational vehicle manufacturer BRP increased by 18.5% from year to year in the second quarter, but the company saw its gross margin decrease due to U.S. customs duties.
·Montreal, Canada
Read Full Article
Winnipeg Free Press+2 Reposted by 2 other sources
BRP reports $136.8M second-quarter loss, raises full-year guidance
VALCOURT - BRP Inc. raised its full-year guidance as it reported a loss of $136.8 million in its latest quarter, compared with a profit of $57.1 million a year ago.
·Winnipeg, Canada
Read Full Article
BRP raises full-year guidance as demand holds up despite U.S. tariffs
BRP Inc. DOO-T has swung to a loss in its latest quarter but hiked its financial forecast for the year as the Canadian Ski-Doo and Sea-Doo maker bets it can weather the impact of U.S. import tariffs by boosting sales and capping expenses. The powersports vehicle manufacturer, based in Valcourt,…
Coverage Details
Total News Sources11
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
To view factuality data please Upgrade to Premium
