Dec 11, 2018

BRP Canam RykerBRP introduced the Can-Am Ryker in September.

BRP Inc. (TSX:DOO; NASDAQ: DOOO) on November 30, reported its financial results for the three- and nine-month periods ended October 31, 2018. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available at www.sedar.com , as well as in the Quarterly Reports section of BRP’s website. 

“We posted another record quarter with sustained demand for our products. Consumer demand for BRP’s powersports line-up was also strong this quarter with retail up by more than 25% for both side-by-side vehicles (SSV) and personal watercraft (PWC) in North America. This performance is a testament to our relentless focus on executing on our strategic priorities and on bringing the most innovative products to market”, said José Boisjoli, President and CEO. 

"The fundamentals of our business are robust. We continue to drive operational excellence, and are thus well positioned to be very competitive despite the current potential headwinds caused by current market inflationary pressure. The diversified BRP product portfolio and line-up has never been as strong and the degree of positive engagement from our dealers is very high. We are excited by our momentum and are committed to delivering another record year of normalized EPS growth of 30 to 35%", concluded Boisjoli. 

Highlights for the quarter vs Q3 FY18: 

• • Revenues of $1,394.2 million, an increase of $167.7 million or 13.7%; 

• • Net income of $90.2 million, an increase of $20.2 million, which resulted in a diluted earnings per share of $0.92, an increase of $0.25 per share; 

• • Normalized net income [1] of $102.9 million, a decrease of $0.7 million, which resulted in a normalized diluted earnings per share [1] of $1.04, an increase of $0.05 per share; 

• • N.A. Powersports retail for Q3 is outpacing the industry and grew 6% vs same period last year, or 16% when excluding snowmobile; 

• • The Company introduced the Can-Am Ryker, a new three-wheeled vehicle platform. With its lower purchase point, the Can-Am Ryker is designed to bring the on-road
experience to more people; 

• • The Company acquired 100% of Triton Industries Inc. (“Triton”) located in Lansing, Michigan (United States), a pontoon manufacturer selling under the Manitou brand. 

Featured Articles

  • Prev
At the 2019 Toronto International Boat Show, Canadian Yachting magazine editor Andy Adams had the ...
A revolutionary “assisted docking” system that provides a glimpse into the future of boating ...
Georgian College through their Midland, Ontario campus is offering a three-day ABYC Electrical ...
On Friday, January 18th in the Heritage Court at the Toronto International Boat Show, News Week ...
On January 22nd, NMMA Canada inducted Brock Elliott, retired president of Campion Marine, into ...
At the Toronto International Boat Show this January, we will see an increased presence for Vanquish ...
Join us at TIBS at 4:00pm, Friday, January 18th in the Heritage Court for the Boating Industry ...
North America’s largest indoor boat show returns to the Enercare Centre from January 18 – 27, 2019 ...
The 57th annual Vancouver International Boat show – scheduled Wednesday, February 6th through ...
Again this year, partners NMMA Canada, Wells Fargo and Boating Industry Canada News Week will host ...

THE MARITIME MUSEUM OF BRITISH COLUMBIA PLANS TO REINVENT ITSELF AS THE CANADIAN MARITIME MUSEUM

 

Maritime MuseumBy Marianne Scott

Four years ago, the Maritime Museum of British Columbia (MMBC) lost its premises at 28 Bastion Square, a historic building it had occupied for more than 50 years. Some fallen plaster and several leaks had caused the Province, who owns the National Historic Site, to judge the structure unsafe and therefore asked MMBC to vacate the property. The Museum was forced to pack up its vast collections and put them in storage, thus keeping them mostly hidden from the public, scholars and historians.

Read More from The Maritime Museum...

 

Marine Products

  • Prev
“This is a very popular horsepower in Canada so there are a lot of boaters who will benefit from ...
Salt-X has become a new member of Boating Atlantic. The Salt-X product is a concentrated ...
Mercury Marine has announced the launch of the 400hp Verado outboard engine today, February 14th. ...
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), announced on February 14th, that ...
Dockmate, manufacturer of advanced wireless remote controls for yachts, announced today enhanced ...
Digital Yacht introduced a range of new boat networking products at the Miami Show last week. 
Onboard hot water used to be the exclusive purview of large vessels with inboard engines. With ...
SailTimer Inc. made the first-ever masthead anemometer that could transmit to smartphone apps. It ...
With the Vancouver International Boat Show just around the corner I contacted Campbell and Alex at ...
The the all-new 2020 GMC Sierra Heavy Duty combines greater trailering capability with ...

People

  • Prev
On January 27th in Cortina d’Ampezzo Italy, Boat International Media hosted the Superyacht Design ...
West Marine, the world’s largest boating supply retailer, has hired retail executive Ken ...
Groupe Beneteau is announcing Christophe Lavigne’s appointment as President of US brands Four ...
Weems & Plath President Peter Trogdon has announced a “Change of Watch” at the company he ...
North Sails are pleased to announce that Robert Greenhalgh has joined the team. A key hire ...
We are delighted to tell you that Les Sparks is celebrating his 45th anniversary with Mercury ...