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BRP Lifts Full-Year Outlook After Profit More Than Doubles in Third Quarter

The outlook upgrade signals confidence driven by resilient demand for its Ski-Doo/Sea-Doo vehicles.

Overview

  • Revenue rose 14% to $2.25 billion for the quarter ended Oct. 31, up from $1.97 billion a year earlier.
  • Net income reached $76.5 million, or $1.04 per diluted share, more than double the prior-year period.
  • Normalized earnings per share increased to $1.59 from $1.20, the performance metric BRP uses for guidance.
  • Full-year revenue guidance now stands at about $8.3 billion, narrowed from a prior $8.15–$8.30 billion range.
  • The company raised full-year normalized EPS guidance to $5 per share, up from $4.25–$4.75, with shares trading on the TSX under DOO-T.