Canada's BRP beats Q3 revenue expectations driven by higher deliveries, raises annual EPS forecast

BRP

04/12/2025 11:13

Overview

Powersport vehicle maker BRP fiscal Q3 revenue rises 14% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q3 beats consensus, reflecting improved operational performance

Company changes NASDAQ ticker symbol to DOO, effective December 8, 2025

Outlook

Company raises FY26 normalized EPS guidance to ~C$5.00

BRP expects FY26 total revenues to reach ~C$8.3 bln

Company targets C$9.5 bln revenue and C$8.00 EPS by FY28

Result Drivers

ORV DELIVERIES - Revenue growth driven by higher ORV deliveries and favorable product mix following new product launches

MARKET SHARE GAINS - Achieved market share gains in North America for ORV despite 4% decline in retail sales

GROSS PROFIT INCREASE - Gross profit and margin increased due to favorable impacts of volume, product mix, pricing, and production efficiencies

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$2.25 bln
C$2.09 bln (15 Analysts)
Q3 Adjusted EPS
Beat
C$1.59
C$1.24 (16 Analysts)
Q3 EPS
C$1.04
Q3 Adjusted Net Income
C$117.70 mln
Q3 Net Income
C$76.50 mln
Q3 Adjusted EBITDA
C$325.60 mln
Q3 Gross Profit
C$541.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the recreational products peer group is "buy"

Wall Street's median 12-month price target for BRP Inc is C$105.00, about 6.4% above its December 3 closing price of C$98.65

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nCNW52f9da

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)