June 11, 2019

BRPOn May 30th, 2019, BRP Inc. (TSX:DOO; NASDAQ:DOOO) reported its financial results for the three-month period ended April 30, 2019. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available at Sedar, as well as in the Quarterly Reports section of BRP’s website.

“We have experienced strong retail momentum in North America and Europe with all our sectors trending positively, and we are very satisfied with our year-over-year revenue growth of 17%, even while operating in a dynamic environment. We have continued to outpace the competition, and are positive about the outlook for the rest of this year,” declared José Boisjoli, BRP’s President and CEO.

“Our quarter after quarter strong performance is testament to our ability to execute on our strategic priorities : growth, agility and Lean enterprise. With our industry leadership position and our quality of our execution, we are confident to deliver the guidance for the year”, concluded Boisjoli.

Highlights for the Three-Month Period Ended April 30, 2019
Revenues increased by $197.0 million, or 17.3%, to $1,333.7 million for the three-month period ended April 30, 2019, compared with $1,136.7 million for the corresponding period ended April 30, 2018. The revenue increase was primarily attributable to higher wholesale of Year-Round Products. The increase includes a favourable foreign exchange rate variation of $13 million.

The Company's North American retail sales for the three-month period ended April 30, 2019 increased by 10% compared with the three-month period ended April 30, 2018, mainly due to an increase in 3WV following the introduction of the Can-Am Ryker.

Gross profit increased by $19.0 million, or 6.7%, to $300.6 million for the three-month period ended April 30, 2019, compared with $281.6 million for the corresponding period ended April 30, 2018. Gross profit margin percentage decreased by 230 basis points to 22.5% from 24.8% for the three-month period ended April 30, 2018. The decrease was primarily due to higher commodity, production and distribution costs and an unfavourable product mix of 3WV sold, partially offset by higher volume of 3WV and PAC sold.

Operating expenses increased by $16.2 million, or 8.3%, to $211.6 million for the three-month period ended April 30, 2019, compared with $195.4 million for the three-month period ended April 30, 2018. The increase was mainly attributable to support for the launch of various products such as the Can-Am Ryker, continued product investments and costs related to the modernization of information systems, partially offset by lower variable employee compensation expenses. Visit: BRP.com

Featured Articles

  • Prev
In the early days of powerboating, among the most attractive and now classic builders, was Century. ...
Boat shows that plan to take place as originally scheduled are the Annapolis Boat Shows.
The organizers are saying that we're officially less than TWO weeks away from the opening ...
BRP (TSX: DOO; NASDAQ: DOOO) announced May 27th, that it has re-oriented its marine business ...
Since the start of the COVID-19 pandemic, Canada has mirrored countries around the globe in ...
Two-time America’s Cup winner, Peter Isler and veteran sailing meteorologist, Chris Bedford ...
Due to the Covid-19 outbreak, in Canada, all Events revolving around Safe Boating Awareness Week ...
 Canadian Yachting Media has announced the launch of its newest recreational boating ...
CPS-ECP is launching an exciting new webinar series for people who want to brush up on their ...
We have periodically reported on the very significant issue of high water levels in the Great Lakes ...

CPS-ECP, THE CANADIAN POWER & SAIL SQUADRONS IS LAUNCHING A MONTHLY WEBINAR SERIES

 

CPS-ECPCPS-ECP is launching an exciting new webinar series for people who want to brush up on their boating skills, or explore a new interest. CPS-ECP volunteers have been developing this collection of informative webinars and will be bringing them to your living room, cottage, boat or office by offering them online.
 
Webinars are not new to CPS-ECP; over the years many Squadrons have developed their own successful webinars to satisfy a local need. They are now offering some of these as monthly webinars at 8pm Eastern Time for everyone to enjoy. 

Read more about the CPS-ECP Webinar Series............

 

 

Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Marine Products

  • Prev
When Zhik’s design team created their award winning, Hydrovision® Adaptive Hood and detachable ...
The new Model 40 marine steering wheel from Schmitt & Ongaro Marine Products is the perfect ...
TACO Marine® Carbon Fiber Tele-Sun Shade Poles can be mounted to the bow or stern to create a ...
Seatronx, manufacturer, distributor and designer of rugged electronics catering specifically ...
Professional boatbuilders don't want to have to redo a job any more than a DIYer. That's why they ...
Dirty winches make grinding sheets and halyards harder than necessary. Cleaning even the simplest ...
The narrow footprint and smart back of the Compass toilet gives maximum space and maximum ...
Piles used with traditional boat lifts often block a scenic waterfront view. A Golden Deck Lift is ...
Year after year, shore power gear gets knocked around, causing unseen internal damage that can ...
Without proactive maintenance, boat covers, RV awnings, pop-up camper tenting, cushions, upholstery ...

WINCHES FUNCTION EASIER, LAST LONGER WITH LIQUI MOLY

Liqui MolyDirty winches make grinding sheets and halyards harder than necessary. Cleaning even the simplest single-speed model is a time-consuming task that should be done at least seasonally. That's why it pays to use only a top-quality lubricant like LIQUI MOLY Marine Winch Grease. Specifically formulated for sailing, it delivers the ultimate in wear protection with minimal friction.

Made in Germany, synthetic LIQUI MOLY Marine Winch Grease contains PTFE solid lubricants developed for all winching and hoisting activities. 

Read more about Liqui Moly............

 

 

 

People

  • Prev
Brunswick Corporation has announced that Yami Hu, Boston Whaler Director of Strategic ...
Propspeed, leading innovator of underwater asset coatings, announced today it has hired Matt ...
Julian Potter has joined E-Plex, the leading brand of multiplexing technology for vehicle ...
The Canadian boating industry lost one of the great ones this past week. Cameron Wardlaw sadly ...
The Marine Retailers Association of the Americas named Ed Lofgren of 3A Marine Service, ...