BRP Inc. Faces Earnings Plunge in 2024
Company Announcements

BRP Inc. Faces Earnings Plunge in 2024

BRP (TSE:DOO) has released an update.

BRP Inc. has reported a noticeable dip in net income for the three-month period ending July 31, 2024, generating $7.2 million, compared to $338.7 million in the same period of 2023. Over the six-month period, the company’s net income saw a significant decrease from $493.2 million in 2023 to a marginal loss of $0.2 million in 2024. This downturn reflects in both the basic and diluted earnings per share, which shifted from substantial gains in the previous year to nearly breakeven.

For further insights into TSE:DOO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyBRP Inc. price target raised to C$93 from C$89 at National Bank
TipRanks Auto-Generated NewsdeskBRP Shifts Focus, Plans Sale of Marine Businesses
TheFlyBRP Inc. initiates sale process for Marine businesses
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App