BRP Inc. raised its full-year guidance as it reported a loss of $136.8 million in its latest quarter, compared with a profit of $57.1 million a year ago.
The Ski-Doo and Sea-Doo maker says the loss amounted to $1.88 per diluted share for the quarter ended July 31, compared with a profit of 79 cents per share a year earlier.
BRP’s normalized result for the quarter amounted to a loss of 18 cents per diluted share, compared with a normalized profit of 92 cents per diluted share a year ago.
Revenue for the quarter totalled $2.24 billion, up from $1.89 billion in the same quarter last year.
In its outlook for its full year, BRP says it now expects revenue to total between $9.225 billion and $9.475 billion, up from earlier expectations for between $9.125 billion and $9.375 billion.
The company also says it now expects normalized earnings between $4 and $4.50 per diluted share for its full year, up from earlier guidance for between $3 and $3.50 per diluted share.
BRP’s latest financial results came as the company said Sébastien Martel will step down as chief financial officer and be replaced by Minh Thanh Tran, effective Oct. 1.
Martel will serve as an executive adviser to the chief executive until his retirement in April next year.
Tran joined BRP in 2017 and has worked across the company including corporate strategy, mergers and acquisitions and product strategy.
This report by The Canadian Press was first published Sept. 3, 2026.
