Canada · Delayed Price · Currency is CAD BRP Inc. Earnings Call Transcripts
Fiscal Year 2026
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Fiscal 2026 results exceeded expectations with strong revenue, EBITDA, and EPS growth, driven by new product launches and market share gains. Fiscal 2027 guidance anticipates continued growth amid macro uncertainty, with robust cash flow supporting increased dividends and buybacks.
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Q3 results surpassed expectations with strong ORV market share gains and robust financials, prompting raised guidance for fiscal 2026. Lean inventory, new product launches, and disciplined execution position the company for double-digit EPS growth in fiscal 2027.
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Q2 results exceeded expectations with revenue up 4% to CAD 1.9B and normalized EPS of CAD 0.92. Inventory is right-sized, new product launches are well received, and H2 guidance calls for 8–12% revenue growth and improved margins, despite CAD 90M in tariff headwinds.
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Q1 results met expectations with revenue of CAD 1.8B and normalized EBITDA of CAD 201M, as inventory right-sizing progressed and snowmobile sales remained strong. Tariff and macro uncertainty persist, but H2 is expected to improve with new product launches and leaner inventories.
Fiscal Year 2025
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The M28 plan targets $9.5B revenue and $8 EPS by 2028, focusing on powersports, ORV market leadership, and international growth. Operational efficiency, lean initiatives, and premium customer experience are central, with stable CapEx and a new Vietnam JV supporting expansion. Financial guidance assumes stable macro conditions and continued innovation.
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Fiscal 2025 saw revenue of $7.8B and normalized EPS of $4.68, with proactive inventory reduction and cost savings offsetting industry headwinds. Uncertainty from tariffs and soft demand led to withdrawal of Fiscal 2026 guidance, but the company remains well-positioned for a rebound.
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Q3 results exceeded expectations with strong inventory management and disciplined execution. Guidance for the year is reaffirmed, with a focus on core powersports and the sale of marine businesses. Market remains challenging, but inventory and dealer health are solid.
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Q2 results met expectations with revenue down 34% year-over-year, reflecting proactive inventory reduction amid weak consumer demand and high promotional activity. Guidance was lowered for the year, with continued focus on dealer support, cost control, and innovation.