Skidoo and Sea-Doo manufacturer BRP (DOO) has reported a second quarter profit of $237.7
million and raised its forward guidance as it sales in the period rose 28% from a year ago.
The Valcourt, Quebec-based company said its profit amounted to $2.94 per share for the
quarter ended July 31 compared with a profit of $212.9 million, or $2.46 a share, a year earlier.
Revenue in the quarter totalled $2.44 billion, up from $1.90 billion in the same period of last
year.
Looking ahead, BRP said it now expects revenue for the full year to grow between 26% and
31%, up from previous guidance for growth between 24% and 29%.
BRP also raised its guidance for its earnings per share to between $11.30 and $11.65, up from
earlier guidance of between $11.00 and $11.35.
BRP’s stock is down 18% year-to-date and trading at $89.49 per share.
