VALCOURT - BRP Inc. reported a first-quarter profit of $127.3 million, down from $161.0 million a year ago, as it cut its profit outlook for the year in revised guidance following changes in U.S. tariffs.
The maker of Ski-Doos and Sea-Doos says its profit amounted to $1.73 per diluted share for the quarter ended April 30 compared with $2.19 per diluted share a year ago.
On a normalized basis, BRP says it earned $1.83 per share in its latest quarter compared with a normalized profit of 47 cents per share a year ago.
Revenue for the quarter totalled $2.39 billion, up from $1.85 billion in the same quarter last year.
BRP suspended its full-year financial guidance for its 2027 financial year in April due to changes to U.S. tariffs. In an update Thursday, the company says it now expects normalized earnings of $3.00 to $3.50 per diluted share for the year and total revenue between $9.125 billion and $9.375 billion.
The outlook compared with guidance in March for normalized earnings per diluted share between $5.50 and $6.50, while revenue was expected to total between $8.900 billion and $9.150 billion.
This report by The Canadian Press was first published May 28, 2026.
Companies in this story: (TSX:DOO)
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