The Canadian manufacturer now anticipates annual revenue between C$9.23 billion and C$9.48 billion, surpassing previous projections. Normalized earnings per share are similarly revised upward to a range of C$4.00 to C$4.50. This optimism follows a quarter where revenue climbed 18.5% to C$2.24 billion, handily beating market expectations and offsetting the 1% rise in North American retail sales driven by side-by-side vehicle shipments.
In section Market Quotes
BRP Lifts Profit Outlook as Off-Road Sales Defy Tariff Headwinds
A net loss of 136.8 million Canadian dollars in the second quarter failed to dampen BRP’s confidence, as the manufacturer of Ski-Doos and Sea-Doos aggressively raised its full-year earnings guidance. Surging demand for off-road vehicles provided a critical buffer against mounting U.S. metal tariffs and unexpected supplier financial restructuring costs.
Despite these gains, the bottom line suffered under the weight of Section 232 tariffs on steel, aluminum, and copper, alongside a C$74.8 million charge related to a supplier’s financial collapse. These factors compressed gross profit margins to 11.7%, down from 21.1% a year ago. Looking ahead, BRP warns that U.S. duties will continue to pressure performance, with normalized earnings in the third quarter expected to slide 50% to 60% compared to the prior-year period.
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