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Ski-Doo and Sea-Doo maker BRP reports revenue surge of 71% to a company record

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Ski\u002DDoo and Sea\u002DDoo maker BRP posted record company revenue, up 71% on a 43% increase in orders for its recreational vehicles. Read on.

The Valcourt, Que.-based maker of Ski-Doo snowmobiles and Sea-Doo personal watercraft, “delivered record fiscal 2023 third-quarter results, well ahead of expectations, driven by our team’s solid execution and our operational discipline,”Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The company said “normalized diluted” earnings per share were $3.64, also a record. BRP increased its guidance for the metric by 35 cents per share, to a range of $11.65 to $12 per share, which would represent growth of as much as 21 per cent from the previous fiscal year.Article content “We are in a strong position to sustain growth thanks to our industry-leading brands, relentless innovation, proven performance and quality products,” Boisjoli said.

Recently, it hasn’t been quite as smooth as that for one of Canada’s best know manufacturers. BRP endured a

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Ski-Doo and Sea-Doo maker BRP reports revenue surge of 71% to a company recordSki\u002DDoo and Sea\u002DDoo maker BRP posted record company revenue, up 71% on a 43% increase in orders for its recreational vehicles. Read on.
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