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Ski-Doo maker BRP reports Q4 earnings, delays financial forecast

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The Quebec-based recreational vehicles company swung to a loss last quarter amid ongoing tariff uncertainty and a pullback on spending from consumers.
BRP Inc., the company behind Ski-Doo and Sea-Doo, reported a significant drop in its fourth-quarter earnings, with adjusted earnings per share falling to $0.95 from $1.75 the previous year, and revenue decreasing by 14.6% to $2.03 billion. This decline was attributed to lower sales volumes, particularly in the North American powersports market, and a strategic reduction in dealer inventory. Despite these challenges, BRP's CEO, José Boisjoli, expressed optimism about the company's future, citing a robust product lineup and a strong order book for the upcoming year. However, due to economic uncertainties, BRP has decided to delay its financial forecast for the next fiscal year, originally planned for release with the Q4 results. The company also announced a 5% increase in its quarterly dividend to $0.21 per share, signaling confidence in its long-term strategy despite short-term market fluctuations.

Read the Full MoneySense Article at:
[ https://www.moneysense.ca/save/investing/ski-doo-maker-brp-reports-q4-earnings-delays-financial-forecast/ ]