BRP Sets 2027 Targets After Topping Expectations on Strong Vehicle Sales

By Adriano Marchese

BRP outlined its growth plans for fiscal 2027 after reporting a stronger-than-expected fourth quarter, with rising revenue helping the company return to profitability.

The Canadian recreational vehicle manufacturer on Thursday set its fiscal 2027 targets for revenue to grow to between 8.9 billion Canadian dollars ($6.44 billion) and C$9.15 billion, up from C$8.44 billion in fiscal 2026. The company expects revenue gains in all its main segments, with strong gains in year-round products, its largest unit.

The new guidance topped forecasts of a more modest rise to C$8.84 billion, according to FactSet.

Normalized adjusted earnings before interest, taxes, depreciation and amortization is expected to rise to C$1.18 billion to C$1.28 billion, from C$1.1 billion, with analyst forecasts expecting C$1.24 billion.

Normalized earnings--an adjusted figure--are expected at C$5.50 a share to C$6.50 a share, with analyst forecasts sitting at C$6.11 a share.

Net income is expected to rise to C$410 million to C$480 million, from C$340.4 million in the previous fiscal year.

For its fourth quarter, BRP posted a profit of C$45.8 million, or C$0.63 a share, compared with a loss of C$50.5 million, or C$0.68 a share, in the comparable quarter a year prior.

For the three months ended Jan. 31, the maker of Sea-Doos and Ski-Doos recorded C$232.5 million in write-downs on assets related to its electric-vehicle and light mobility projects, of which C$28.5 million reduced the company's gross profit.

Adjusting for one-off costs and exceptional items, such as the write-downs in the quarter, earnings came to C$2.21 a share. According to FactSet, analysts were expecting C$2.04 a share.

Revenues rose 16% to C$2.46 billion, topping forecasts of a rise to C$2.34 billion, thanks to higher sales of off-road vehicles and personal watercraft.

In North America, BRP gained market share in off-road vehicles and in snowmobiles.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 26, 2026 06:49 ET (10:49 GMT)

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BRP Sets 2027 Targets After Topping Expectations on Strong Vehicle Sales

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