BRP Q4 Revenues Jump 16% to CA$2.46B, EBITDA Up 47%, Raises Dividend
BRP reported Q4 FY26 revenues of CA$2.457 billion (+16%), net income of CA$45.8 million (up 190.7%) and normalized EBITDA of CA$363.8 million (+47.3%), while executing CA$50.3 million in buybacks and raising its dividend to CA$0.25. For FY27 it projects revenues of CA$8.9–9.15 billion, normalized EBITDA of CA$1.175–1.275 billion and EPS of CA$5.50–6.50.
1. Q4 FY26 Financial Performance
In the three months ended January 31, 2026, BRP delivered revenues of CA$2,457.3 million, up 16.0% year-over-year, net income of CA$45.8 million (versus a CA$50.5 million loss) and normalized EBITDA of CA$363.8 million, a 47.3% increase. Gross profit margin expanded to 22.5% from 19.9% on a favourable ORV product mix and higher PWC shipments, partly offset by CA$232.5 million in impairment charges on EV and light mobility assets (CA$28.5 million impacting gross profit).
2. Shareholder Returns and Operational Highlights
BRP returned CA$50.3 million to shareholders through share repurchases and increased its quarterly dividend to CA$0.25 per share. North American retail sales rose 12%, market share improved in ORV and snowmobile segments, and network inventory declined 17% year-over-year, underpinning stronger shipment dynamics.
3. FY27 Guidance and Strategic Outlook
For fiscal 2027, BRP forecasts total revenues of CA$8.9–9.15 billion, normalized EBITDA of CA$1.175–1.275 billion and diluted EPS of CA$5.50–6.50. Management plans to advance its M28 strategic plan with continued product innovation and maintain disciplined cost controls to drive long-term revenue and profit growth despite geopolitical uncertainties.