Brp reports fiscal year 2023 first quarter results

Highlights revenues at $1,809.3 million which are similar to those of last year's first quarter; revenues from year-round products up $11.9 million at $934.4 million compared to last year's first quarter, a record high for a first quarter; market share gains in ssv and atv in north american powersports despite limited product availability; normalized diluted eps [1][2] of $1.66, a decrease of $0.87 per share, while diluted eps of $1.46, a decrease of $1.33 per share compared to the same period last year; normalized ebitda [1] of $272.1 million, a decrease of $106.9 million or 28.2% compared to the same period last year; reaffirming full year-end guidance for revenues and normalized ebitda [1] and adjusting normalized eps – diluted [1] upward by $0.25, now ranging from $11.00 to $11.35. recent events: on march 25, 2022, the company announced its return to the motorcycle industry with the launch of a family of electric 2-wheel motorcycles.
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