BRP Reports Q1 Revenue $2.4B, EBITDA $334M Despite $500M Tariffs
DOO•BRP Inc reported Q1 FY2027 revenue of $2.4 billion, normalized EBITDA of $334 million and normalized EPS of $1.83 while facing incremental Section 232 tariffs of $500–550 million for the year. International retail sales rose 10% in EMEA and 7% in Latin America, dealer inventories decreased 3% YoY and snowmobile preorders jumped 50%.
1. Q1 Financial Results
BRP delivered Q1 FY2027 revenue of $2.4 billion, normalized EBITDA of $334 million and normalized EPS of $1.83 while contending with incremental Section 232 tariffs totaling $500–550 million for the year.
2. Tariff Impact and Mitigation
The company outlined a $200 million mitigation plan involving overhead cuts, delayed exploratory projects and selective pricing adjustments designed to protect long-term growth without harming retail momentum.
3. International Market Performance
Retail sales increased 10% in EMEA and 7% in Latin America underpinned by robust demand in Brazil and Mexico, while Asia Pacific shows improvement ahead of the Ryker launch in Southeast Asia.
4. Inventory and Demand Dynamics
Healthy dealer inventory, down 3% year-over-year, aligns shipments with demand; ORV trends remain strong and snowmobile preorders surged 50% year-over-year, signaling sustained consumer interest.
