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Report on Business Ski-Doo maker BRP’s profit jumps 23 per cent, boosted by strong wholesale sales

Guests of BRP's Club Ski-Doo check out the 2020 Ski-Doo Summit X at the Gaylord Texan Resort and Convention Center on Feb. 18, 2019 in Grapevine, Texas.

Brandon Wade/The Associated Press

BRP Inc. says its fourth-quarter revenue was up 22.8 per cent from a year earlier, beating analyst estimates and propelling the Quebec-based company’s three-month profit to $82.7-million.

The maker of Ski-Doo snowmobiles, Can-Am wheeled vehicles, boats, outboard motors and other recreational products says its fourth-quarter profit amounted to 84 cents a share, up 23.5 per cent from a year earlier.

Based in Valcourt, Que., BRP says its revenue for the three months ending Jan. 31 was $1.51-billion, up from $1.23-billion a year earlier, owing mostly to higher wholesale sales of its seasonal and year-round products.

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Favourable currency rates also contributed $38-million to the revenue increase.

BRP’s normalized net income was $85.8-million or 88 cents a share.

Analysts had estimated 83 cents a share of adjusted earnings and $1.41-billion of revenue, according to Thomson Reuters Eikon.

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