Canadian boat maker BRP Q2 revenue beats estimates

BRP

29/08/2025 11:12

Overview

BRP fiscal Q2 revenue grows 4.3%, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q2 beats consensus, reaching CAD 0.92, per LSEG data

Normalized EBITDA declines 9.2% due to higher operating expenses

Outlook

BRP sees FY26 total company revenue between C$8.15 bln and C$8.3 bln

Company expects FY26 normalized EPS between C$4.25 and C$4.75

Company projects FY26 capital expenditures at ~C$420 mln

Result Drivers

YEAR-ROUND PRODUCTS - Revenue increased due to higher unit sales and favorable pricing, contributing to a 13.1% rise in Year-Round Products revenue

SEASONAL PRODUCTS DECLINE - Revenue from Seasonal Products fell 13.3% due to lower PWC sales and increased sales programs in Snowmobile

PA&A GROWTH - Revenue from PA&A and OEM Engines rose 7.2% driven by higher sales volume and favorable pricing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$1.89 bln
C$1.78 bln (13 Analysts)
Q2 Adjusted EPS
Beat
C$0.92
C$0.48 (14 Analysts)
Q2 EPS
C$0.79
Q2 Adjusted Net Income
C$66.90 mln
Q2 Net Income
C$57.10 mln
Q2 Adjusted EBITDA
C$213.20 mln
Q2 Gross Profit
C$397.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 9 "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$70.00, about 12.9% below its August 28 closing price of C$79.00

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nCNW8Rb0Wa

(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.)