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    DOO   CA05577W2004

BRP INC.

(DOO)
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Ski-doo maker BRP profit tops estimates on new products, stronger dollar

03/27/2015 | 06:06am EDT
Arab tourists ride ski doos at a ski resort in Faraya, Mount Lebanon,

(Reuters) - BRP Inc (>> BRP Inc), the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a much higher-than-expected quarterly profit, helped by a stronger dollar, the introduction of new powersport vehicles and higher shipments of Can-Am off-road vehicles.

(Reuters) - BRP Inc (>> BRP Inc), the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a much higher-than-expected quarterly profit, helped by a stronger dollar, the introduction of new powersport vehicles and higher shipments of Can-Am off-road vehicles.

The company, spun off from Bombardier Inc (>> Bombardier, Inc.) in 2003, said it expects revenue to rise 5-9 percent in the year ending January 2016, compared with analysts' average estimate of a 5.4 percent increase.

BRP, which competes with Arctic Cat Inc (>> Arctic Cat Inc), Polaris Industries Inc (>> Polaris Industries Inc.) and Yamaha Motor Co Ltd (>> Yamaha Motor Co., Ltd.), reported a 10.4 percent rise in revenue for the year ended Jan. 31.

The company reported net profit attributable to shareholders of C$8.5 million ($6.8 million) in the fourth quarter ended Jan. 31, compared with loss of C$6.2 million a year earlier.

BRP earned 98 Canadian cents per share, well above analysts' average estimate of 79 Canadian cents per share, according to Thomson Reuters I/B/E/S.

The Valcourt, Quebec-based company's revenue rose 18.3 percent to C$1.07 billion, above analysts' expectations of C$1.03 billion.

Revenue from its year-round products business rose nearly 53 percent to C$416 million, helped by the introduction of new models such as Maverick X ds SSV and Outlander L ATV family all terrain vehicles.

The company's shares closed at C$23.76 on Thursday. The stock had fallen nearly 25 percent in the last 12 months, compared with a 5 percent rise in the Toronto Stock Exchange 300 composite index <.GSPTSE>.

(Reporting by Anannya Pramanick in Bengaluru; Editing by Savio D'Souza)


© Reuters 2015
Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER INC. 0.00% 1.47 Delayed Quote.206.25%
BRP INC. 0.27% 103.505 Delayed Quote.22.76%
POLARIS INC. 0.88% 131.35 Delayed Quote.36.65%
SEA LIMITED -2.02% 279.43 Delayed Quote.43.19%
YAMAHA MOTOR CO., LTD. -0.33% 2724 End-of-day quote.29.47%
All news about BRP INC.
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07/28BRP : Announces Completion of Substantial Issuer Bid
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07/26BRP : Announces Preliminary Results of Substantial Issuer Bid
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07/26BRP : ANNOUNCES PRELIMINARY RESULTS OF SUBSTANTIAL ISSUER BID (Form 6-K)
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07/23BRP Inc.'s Equity Buyback announced on June 15, 2021, has expired.
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07/20BRP : Shares Rise 3%, Analyst Says Winnebago's Pontoon Acquisition Supports BRP'..
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07/19SECTOR UPDATE : Consumer Stocks Finding Modest Support Late in Monday Session
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07/19BRP : preparing to resume vehicle production after fire at Mexico facility
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More news
Financials
Sales 2022 7 785 M 6 238 M 6 238 M
Net income 2022 742 M 595 M 595 M
Net Debt 2022 1 213 M 972 M 972 M
P/E ratio 2022 12,0x
Yield 2022 0,50%
Capitalization 8 328 M 6 678 M 6 672 M
EV / Sales 2022 1,23x
EV / Sales 2023 1,10x
Nbr of Employees 14 500
Free-Float 46,5%
Chart BRP INC.
Duration : Period :
BRP Inc. Technical Analysis Chart | DOO | CA05577W2004 | MarketScreener
Technical analysis trends BRP INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 103,23 CAD
Average target price 120,64 CAD
Spread / Average Target 16,9%
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.22.76%6 691
YETI HOLDINGS, INC.41.33%8 442
POLARIS INC.36.65%7 889
BRUNSWICK CORPORATION32.44%7 828
THOR INDUSTRIES, INC.22.40%6 519
GIANT MANUFACTURING CO., LTD.17.09%4 301