Brp reports fourth quarter and full-year 2022 results and authorization of substantial issuer bid
Highlights for fy22 q4 revenues of $2,347.5 million, an increase of $532.4 million or 29.3% compared to same period last year; normalized diluted earnings per share [1] of $3.00, an increase of $1.18 per share, while diluted earnings per share of $2.50, a decrease of $0.45 per share compared to the same period last year; normalized ebitda [1] of $416.4 million, an increase of $103.3 million or 33.0% compared to the same period last year. highlights for fy22 revenues increased by 28.5% compared to last year, an all-time record high of $7,647.9 million; outperformed fy22 guidance with normalized ebitda [1] of $1,462.1 million representing an increase of 46.4% compared to last year and resulting in normalized diluted earnings per share [1] of $9.92, an increase of $4.53 per share or 84.0%; market share gains in snowmobile, ssv and pwc in north american powersports; introduction of the sea-doo switch, an all-new customizable modular pontoon offered at an attractive price-point; returned $726 million to shareholders through share repurchase and dividend payments; and the company started production at its third facility located in juarez, mexico, thereby increasing its ssv production capacity.
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