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.
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.