Canada's BRP Q4 revenue beats estimates on higher shipments

BRP

26/03/2026 10:09

Overview

Canada powersports maker's fiscal Q4 revenue rose 16%, beating analyst expectations

Adjusted EPS for fiscal Q4 beat consensus, driven by favourable ORV product mix and higher shipments

Company announced C$50.3 mln share buyback and raised quarterly dividend to C$0.25 per share

Outlook

BRP sees FY27 total company revenue at C$8.9 bln to C$9.15 bln

Company expects FY27 normalized EPS of C$5.50 to C$6.50

BRP expects Q1 FY27 normalized EBITDA up about 40% vs prior year

Result Drivers

ORV PRODUCT MIX - Revenue growth was primarily driven by a favourable ORV product mix and introduction of new models and features

HIGHER SHIPMENTS - Increased shipments of ORV and PWC contributed to revenue growth

MARKET SHARE GAINS - North American retail sales rose 12%, supported by market share gains in ORV and snowmobiles

Company press release: ID:nCNWW2YkTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$2.46 bln
C$2.33 bln (17 Analysts)
Q4 Adjusted EPS
Beat
C$2.21
C$2.03 (17 Analysts)
Q4 EPS
C$0.63
Q4 Adjusted Net Income
C$163.30 mln
Q4 Net Income
C$45.80 mln
Q4 Adjusted EBITDA
C$363.80 mln
Q4 Gross Profit
C$553.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 5 "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$118.00, about 31.8% above its March 25 closing price of C$89.53

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)