BRP posts stronger Q4 results, above analyst estimates

BRP posts stronger Q4 results, above analyst estimates

VALCOURT, Que. — The company that makes Ski-Doos, Sea-Doos and Spyders is reporting a stronger-than-expected fourth quarter.

BRP Inc. of Valcourt, Que., (TSX:DOO) had $136.6 million or $1.22 per share of net income in its fourth-quarter ended Jan. 31.

That compares with a year-earlier loss of $28.7 million or 25 cents per share in the comparable period last year.

Normalized net income was $111.8 million, or $1 per share.

Analysts had estimated 96 cents per share of normalized and net earnings, according to Thomson Reuters data.

BRP’s revenue was up 17.7 per cent to $1.31 billion, which was above the estimate of $1.22 billion.

BRP is a spinoff from Bombardier (TSX:BBD.B) that makes a variety of off-road vehicles and watercraft, including Ski-Doo snowmobiles, Sea-Doo personal watercraft, Can-Am four-wheel off-road vehicles and Spyder three-wheel cycles.

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