Brp Inc ( (DOOO) ) has released its Q3 earnings. Here is a breakdown of the information Brp Inc presented to its investors.
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BRP Inc., a global leader in powersports products, propulsion systems, and boats, is renowned for its innovative and distinctive brands such as Ski-Doo, Sea-Doo, and Can-Am. The company is headquartered in Quebec, Canada, and operates in over 130 countries.
In its third-quarter earnings report for fiscal year 2026, BRP Inc. announced a 14% increase in revenues to $2,250.3 million, driven by higher ORV deliveries and a favorable product mix. The company also reported a significant 150% rise in net income to $76.5 million, reflecting strong financial performance.
Key financial highlights include a 21.3% increase in normalized EBITDA to $325.6 million and a rise in normalized diluted earnings per share to $1.59. Despite a 4% decrease in North American Powersports retail sales, BRP achieved market share gains in the ORV segment. The company also announced a ticker symbol change on NASDAQ from ‘DOOO’ to ‘DOO’.
Looking ahead, BRP has increased its full-year guidance for normalized diluted earnings per share to approximately $5.00. The company remains optimistic about its future growth, supported by its strategic objectives to achieve $9.5 billion in revenues and $8.00 in normalized EPS by fiscal 2028, underpinned by its M28 strategic plan.