1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. BRP Inc.
  6. News
  7. Summary
    DOO   CA05577W2004

BRP INC.

(DOO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BRP reports $127.7M Q3 profit as supply chain disruptions hurt revenue

12/01/2021 | 11:05am EDT

VALCOURT, Que.BRP Inc. beat expectations as it reported a third-quarter profit of $127.7 million amid supply chain disruptions that caused a drop in product deliveries.

The maker of Ski-Doos and Sea-Doos said Wednesday its profit amounted to $1.53 per diluted share for the quarter ended Oct. 31, down from a profit of $198.7 million or $2.22 per diluted in the same quarter last year. Revenue totalled $1.6 billion, down from $1.7 billion.

BRP says its normalized earnings per share amounted to $1.48, down from $2.13 a year ago.

Analysts on average had expected an adjusted profit of $1.33 per share, according to financial markets data firm Refinitiv.

"In this challenging environment, our team's agility allowed us to continue to outpace the powersports industry in retail sales, gain market share and deliver stronger than expected profitability, translating into record results year-to-date," BRP chief executive José Boisjoli said in a statement.

"Our third-quarter results reflect the previously anticipated decrease of product deliveries due to supply chain disruptions."

In its outlook, BRP said it now expects normalized earnings per diluted share between $9 and $9.75 for its full financial year, compared with its earlier expectations for a result between $8.25 and $9.75. BRP's normalized earnings per diluted share last year was $5.39.

The company said revenue growth for the year is now expected to be between 25 and 30 per cent, compared with earlier guidance for growth between 27 and 35 per cent.

For its third quarter, BRP said the 5.2 per cent drop in revenue compared with a year ago was primarily due to a lower wholesale volume for year-round and seasonal products due to supply chain disruptions, partially offset by a favourable product mix and pricing.

Revenue from year-round products totalled $736.3 million for the quarter compared with $803.0 million a year ago, while seasonal product revenue fell to $437.3 million compared with $508.3 million in the same quarter last year.

BRP's powersports parts, accessories and apparel and OEM engine business saw revenue of $283.9 million, up from $259.9 million a year ago, while marine revenue rose to $136.3 million from $108.4 million a year ago.

This report by The Canadian Press was first published Dec. 1, 2021.

Companies in this story: (TSX:DOO)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about BRP INC.
05/12Brp will present its first quarter fiscal year 2023 results and hold its annual meeting..
AQ
05/11BRP Completes $250 Million Substantial Issuer Bid
MT
05/11Brp announces completion of substantial issuer bid
PR
05/09BRP Reports Preliminary Results of Substantial Issuer Bid; Down in US, Canada Trading
MT
05/09BRP BRIEF : Details Preliminary Results of Substantial Issuer Bid
MT
05/09Brp announces preliminary results of substantial issuer bid
PR
04/28Brp announces annual general meeting will be conducted by live webcast
AQ
04/27BRP : 2022 Management Proxy Circular
PU
04/27BRP : 2022 Notice of Annual Meeting of Shareholders
PU
04/27BRP : NOTICE OF 2022 ANNUAL MEETING OF SHAREHOLDERS - Form 6-K
PU
More news
Analyst Recommendations on BRP INC.
More recommendations
Financials
Sales 2023 9 618 M 7 451 M 7 451 M
Net income 2023 908 M 703 M 703 M
Net Debt 2023 1 586 M 1 229 M 1 229 M
P/E ratio 2023 9,12x
Yield 2023 0,63%
Capitalization 7 969 M 6 173 M 6 173 M
EV / Sales 2023 0,99x
EV / Sales 2024 0,87x
Nbr of Employees 20 000
Free-Float 45,5%
Chart BRP INC.
Duration : Period :
BRP Inc. Technical Analysis Chart | DOO | CA05577W2004 | MarketScreener
Technical analysis trends BRP INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 101,28 CAD
Average target price 135,47 CAD
Spread / Average Target 33,8%
EPS Revisions
Managers and Directors
José Boisjoli Chairman, President & Chief Executive Officer
Sébastien Martel Chief Financial Officer
Michael S. Hanley Lead Independent Director
Edward M. Philip Independent Non-Executive Director
Estelle Métayer Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BRP INC.-8.59%6 173
POLARIS INC.-2.86%6 353
BRUNSWICK CORPORATION-20.92%5 854
THOR INDUSTRIES, INC.-26.51%4 197
YETI HOLDINGS, INC.-42.99%4 068
GIANT MANUFACTURING CO., LTD.-31.16%2 990