BRP Q4 Earnings Drop on Lower Revenue; Provides no FY26 Guidance, but Lifts Quarterly Dividend

06:23 AM EDT, 03/26/2025 (MT Newswires) -- BRP Inc. ( DOOO ) on Wednesday reported a drop in earnings for the fourth quarter, on "as expected" lower revenue, and it also declined to provide financial guidance for full year 2026 amid market uncertainties, even as it lifted its quarterly dividend.

For Q4, BRP reported normalized diluted earnings per share of $0.98 in line with expectations, a decrease of $1.80 per share, and diluted earnings per share of $(0.60), a decrease of $4.55 per share, compared to last year.

The company said "as expected", revenue came in at $2,097.6 million, a decrease of 20% compared to last year, resulting from continued softer demand and the company's objective to reduce network inventory.

North American retail sales decreased by 21% compared to last year, resulting from lower industry volumes in Snowmobile and market share loss in Off-Road Vehicles due to high non-current inventory from other OEMs.

Given the ongoing global tariff disputes and the uncertainty surrounding any potential changes to trade regulations, the Company has decided to defer providing financial guidance for FY26. This uncertainty has also had a negative impact on consumer demand, making it difficult to offer reliable projections at this time.

But the company increased its quarterly dividend to $0.215 per share.

BRP closed down near 7% at near 52-week lows on both the TSX and the Nasdaq markets yesterday.

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