Brp reports its fourth quarter and full-year 2023 results
Highlights for fy23 q4 revenues of $3,076.3 million, an increase of $728.8 million or 31% compared to the same period last year, a record performance for a single quarter in the company's history; retail sales up for powersports products by 21% compared to the same period last year, and market share gains for ssv in north america; normalized diluted earnings per share [1] of $3.85, an increase of $0.85 per share or 28%, and diluted earnings per share of $4.54, an increase of $2.04 per share or 82% compared to the same period last year; normalized ebitda [1] of $528.0 million, an increase of $111.6 million or 27% compared to the same period last year. highlights for fy23 increased revenues by 31% compared to last year, reaching an all-time record high of $10,033.4 million; outperformed our increased fy23 guidance with normalized diluted earnings per share [1] of $12.05, an increase of $2.13 per share or 21%; achieved market share gains of over 5 percentage points in the north american powersports industry; provided strong returns to shareholders with $356 million deployed for share repurchases and dividend payments; and continued to invest in future market-shaping products with the completion of 3 acquisitions, the creation of the lvha group and the start of construction of the can-am electric two-wheel motorcycle production facility in querÉtaro, mexico.
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