BRP Inc. Reports Mixed Q1 2026 Results Amid Challenges

Brp Inc ( (DOOO) ) has released its Q1 earnings. Here is a breakdown of the information Brp Inc presented to its investors.

BRP Inc., a global leader in powersports products, propulsion systems, and boats, is renowned for its innovative and exhilarating offerings in the recreational vehicle industry. Headquartered in Quebec, Canada, the company boasts a diverse portfolio of brands, including Ski-Doo, Sea-Doo, and Can-Am, and is committed to advancing electric models for its product lines.

In its fiscal year 2026 first-quarter earnings report, BRP Inc. reported revenues of $1,846.9 million, marking a 7.7% decrease from the previous year. Despite the revenue decline, the company experienced a significant increase in net income, which surged by 278.8% to $161.0 million. This performance was achieved amid a challenging macroeconomic environment and industry slowdown.

Key financial highlights include a decrease in normalized EBITDA by 34.7% to $200.8 million and a drop in normalized diluted earnings per share to $0.47. The company’s North American retail sales remained flat, with strong snowmobile sales offsetting a decline in year-round products. Strategic moves included the sale of Telwater Pty, Ltd., and Alumacraft’s assets, as well as the announcement of a CEO succession plan.

Looking ahead, BRP Inc. is cautiously optimistic, refraining from providing financial projections due to ongoing uncertainties. However, the company is well-positioned for a rebound with a robust product portfolio and leaner inventory levels. BRP remains focused on its core powersports activities and is committed to innovation and technology advancement to sustain its market leadership.