The Ski-Doo maker reported that fourth-quarter profit rose 75 per cent year over year to
Sales of year-round products — all-terrain vehicles, side-by-side vehicles and three-wheeled motorcycles — fuelled the rise, increasing 47 per cent to
Seasonal products such as snowmobiles and Sea-Doos saw revenue surge 26 per cent to
The results drove the
"BRP's Q4 results reflect good execution amidst ongoing disruptions, including supply chain issues (which the company noted are gradually normalizing) and higher production costs," said
In its outlook, the company laid out expectations of revenue growth of nine to 12 per cent to roughly
"This suggests that BRP expects to continue to gain market share in fiscal year 2024," said analyst
Last quarter, BRP's normalized diluted earnings per share increased to
Normalized diluted earnings per share for the 2024 financial year are expected to fall within a range of
BRP also raised its quarterly dividend to
"Heading into fiscal 2024, despite macro concerns, we expect to continue our growth," said CEO
"BRP’s proven reputation for product innovation, industry-leading brands and solid dealer network provide a robust foundation for sustainable growth."
This report by The Canadian Press was first published
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