Brp presents its third quarter results for fiscal year 2025

Highlights revenues of $1,955.7 million, a decrease of 17.5% compared to last year, resulting from softer demand and continued focus on reducing network inventory levels; net income of $27.3 million, a decrease of 69.7% compared to last year; normalized ebitda [ 1 ] of $264.1 million, a decrease of 42.9% compared to last year; normalized diluted earnings per share [1] [2] of $1.16, a decrease of $2.08 per share, and diluted earnings per share of $0.37, a decrease of $0.79 per share, compared to last year; north american retail sales decreased by 11% compared to last year; north american off-road vehicle network inventory has decreased by 22% compared to last year-end, achieving our objective one quarter ahead of plan; reaffirming full year-end guidance adjusted for marine discontinued operations with revenues between $7.6 and $7.8 billion, and normalized earnings per share – diluted [1] [2] between $4.25 and $4.75; following the initiation of a process for the sale of the marine businesses, the financial results are presented on a continuing basis, excluding marine discontinued operations, and prior periods are reclassified accordingly. valcourt, qc , dec. 6, 2024 /prnewswire/ - brp inc. (tsx: doo) (nasdaq: dooo) today reported its financial results for the three- and nine-month periods ended october 31, 2024.
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