Overview

• BRP has initiated a search for a successor after CEO José Boisjoli, who led the company since its 2003 spin-off from Bombardier Inc., announced he will retire by January 2026.
• First-quarter net earnings surged 279 percent to $161 million, boosted by cost cuts and favorable foreign-exchange rates on U.S. debt.
• Quarterly revenue fell to $1.85 billion from $2 billion a year earlier as dealers reduced shipments amid soft demand.
• U.S. import tariffs on metals and parts are projected to shave $60 million to $70 million from BRP’s annual revenue, intensifying customer hesitation in a soft market.
• With about 60 percent of its sales in the U.S., BRP’s Canada- and Mexico-made vehicles benefit from tariff relief under the North American trade agreement.