"BRP delivered record fiscal 2023 third-quarter results, well ahead of expectations, driven by our team's solid execution and our operational discipline," BRP chief executive
"Looking ahead, we are in a strong position to sustain our growth thanks to our industry-leading brands, relentless innovation, proven performance and quality products."
The Ski-Doo and Sea-Doo maker said it earned
Revenue for the quarter totalled
The company said revenues from year-round products rose 73.8 per cent to
Revenues from powersports parts, accessories and apparel and original equipment manufacturer engines rose to
On a normalized basis, BRP said it earned
In its outlook, BRP said it expected revenue for its full year to rise between 27 and 32 per cent compared with earlier guidance of 26 to 31 per cent.
Year-round product revenue is expected to rise 36 to 41 per cent compared with earlier guidance for 33 to 38 per cent, while seasonal product revenue is now expected to gain 26 to 29 per cent compared with earlier guidance for 24 to 29 per cent.
Guidance for powersports PA&A and OEM engines revenue growth was unchanged at 17 to 22 per cent, while marine revenue is now expected to be between flat and up five per cent compared with earlier expectations for 12 to 17 per cent growth.
Normalized earnings per share for the full year are now expected to be between
This report by The Canadian Press was first published
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