US EditionBRP Regains Confidence to Issue Guidance as It Posts Better than Expected Results
BRP Inc. overcame a $90 million tariff impact and adjusted inventory to report $161 million profit in Q2, confident in a stronger second half driven by new product launches.
- For the quarter ended July 31, BRP Inc. posted second-quarter profit of $161 million and revenue of $1.89 billion, surpassing the comparable prior-year quarter.
- Facing higher tariffs, BRP factored a gross tariff impact of about $90 million into its forecast, with management raising estimates due to steel and aluminum tariffs at 50 per cent and new tariffs on copper, prompting guidance deferral in March.
- BRP cut snowmobile production by 30 per cent, mostly completed inventory right-sizing and released new electric all-terrain and side-by-side vehicles earlier this month, increasing shipments to the U.S.
- After the results, BRP issued full-year guidance projecting revenue between $8.2 billion and $8.3 billion and normalized earnings per diluted share between $4.25 and $4.75, while shares traded over eight per cent higher at $85.96 on the TSX on Friday.
- Preparing to step down by Jan. 31, 2026, Jos Boisjoli said on the earnings call that the company is confident momentum from new products will support a stronger second half, but guidance assumes tariff stability.
21 Articles
21 Articles
After several quarters marked by, among other things, erosion of profitability and staff cuts, the sky seems to emerge at BRP. The question now is whether it is the eye of the hurricane or a long-term thinning.
BRP regains confidence to issue guidance as it posts better than expected results
BRP Inc. says it delivered better than anticipated results despite the economic environment, leaving it confident enough to issue full-year guidance. “Since we are starting to see the benefit of our action, and despite ongoing volatility, we are comfortable issuing guidance,” said outgoing president and chief executive José Boisjoli on an earnings call Friday. “We […]
BRP Inc. Reports Higher Q2 Profit, Issues Full-year Guidance - Canadian Manufacturing
BRP Inc. says it delivered better than anticipated results despite the economic environment, leaving it confident enough to issue full-year guidance. The Ski-Doo and Sea-Doo maker says its second-quarter profit amounted to $57.1 million or 79 cents per diluted share for the quarter ended July 31. The result compared with a profit of $42 million or 55 cents per diluted share a year earlier. Revenue for the quarter totalled $1.89 billion compared …
Coverage Details
Bias Distribution
- 73% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
