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Earnings

BRP PRESENTS ITS FOURTH QUARTER AND FULL-YEAR 2026 RESULTS

By The Northwire Desk — AI Analysis Mar 26, 2026 · 06:00 DOO · 89.53 BRP INC. SV
DOO · Price

Executive Summary

  • BRP reported FY 2026 Q4 revenue of C$2,457.3 M (+16.0% YoY) and full‑year revenue of C$8,442.7 M (+6.8% YoY).
  • Net income turned positive at C$45.8 M for Q4 (up 190.7% YoY) and C$340.4 M for the year (up 426.9% YoY); normalized EBITDA rose to C$363.8 M in Q4 (+47.3%) and C$1,103.4 M for FY 2026 (+4.3%).
  • The company declared a quarterly dividend of $0.25 per share and repurchased $50.3 M of shares; FY 2027 guidance projects revenue C$8.9‑9.15 B, normalized EBITDA C$1.175‑1.275 B, and diluted EPS $5.50‑6.50.

Key Details

  • Revenue Breakdown (Q4):
  • Year‑Round Products: C$1,317.2 M (+16.8%) – driven by new ORV models and higher shipments.
  • Seasonal Products: C$796.4 M (+17.5%) – higher PWC volumes and snowmobile sales.

  • PA&A, OEM Engines & Others: C$343.7 M (+9.9%).

  • Gross Profit: C$553.6 M Q4 (up 31.2% YoY); margin improved to 22.5% from 19.9%.

  • Operating Expenses: Increased 70.3% YoY to C$541.1 M, mainly due to EV‑related impairment charges (C$232.5 M) and higher incentive compensation.

  • Impairments & Provisions:

  • EV & light‑mobility CGU impairment charge of C$229.8 M in Q4; total normalized impairment charges C$232.5 M for the year.

  • Provision related to EV products reduced gross profit by C$28.5 M.

  • Net Income (Loss):

  • Q4: C$45.8 M vs. $(50.5) M prior year.

  • FY 2026: C$340.4 M vs. $64.6 M prior year.

  • Normalized Net Income: Q4 C$163.3 M; FY 2026 C$382.5 M.

  • Discontinued Operations: Net income from discontinued ops turned positive (Q4: C$1.1 M vs. $(169.1) M YoY).

  • Liquidity & Capital Resources:

  • Operating cash flow: C$1,212.5 M FY 2026 vs. $688.2 M prior year.
  • Capex: C$318.4 M invested in new products and software infrastructure.

  • Shareholder returns: $113.2 M returned via dividends and buybacks; $50.3 M total share repurchases.

  • Dividend: Board declared quarterly dividend of $0.25 per share (payable April 24, 2026).

  • FY 2027 Guidance Highlights:

  • Total revenue: C$8.9‑9.15 B.
  • Normalized EBITDA: C$1.175‑1.275 B.
  • Diluted EPS (normalized): $5.50‑6.50.

  • Net income target: $410‑$480 M.

  • Conference Call: Hosted by President & CEO Denis Le Vot and CFO Sébastien Martel on March 26, 2026 at 9 a.m. ET (details provided).

Notable Quotes

“In just two months as CEO, I've already witnessed first‑hand how BRP's exceptional talent…holds immense potential,” – Denis Le Vot, President & CEO.
“We are poised for solid revenue and profit growth in FY27…BRP is well positioned to drive long‑term growth and sustainable value for shareholders.” – Denis Le Vot.

Read the original news release →

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