BRP Inc. (DOOO) surged 5.31% in pre-market trading following the release of its fiscal third-quarter results, which exceeded analyst expectations. The company reported normalized earnings of CA$1.59 per share, up from CA$1.20 a year earlier, and revenue of CA$2.25 billion, surpassing estimates of CA$2.07 billion.
The Canadian manufacturer of powersports vehicles also raised its fiscal 2026 guidance, now expecting normalized earnings of CA$5.00 per share, up from its previous range of CA$4.25 to CA$4.75. Revenue is projected at CA$8.3 billion, at the top end of prior guidance. CEO Jose Boisjoli attributed the strong performance to market share gains in off-road vehicles and healthier inventory levels.
Further boosting investor sentiment, BRP announced TSX approval for a share buyback plan, allowing the repurchase of up to 10% of its outstanding shares over the next year. The move signals confidence in the company's financial health and prospects.
Comments