By Adriano Marchese
Shares of BRP Inc. climbed as strong off-road-vehicle sales fueled third-quarter growth and said it expects the momentum to continue through the fiscal year.
The powersports-vehicles and marine-products company's stock rose 6.2%, to 104.80 Canadian dollars (US$75.12), late Thursday morning in Toronto. It is up about 44% for the year.
BRP reported a 14% increase in revenue for the quarter ended Oct. 31. The company cited new market-share gains in its off-road vehicles segment, which includes products such as all-terrain and side-by-side vehicles.
The company, which is known for its Ski-Doos and Sea-Doos brands, also credited the growth to higher volume of parts and accessories sales as dealers replenished their inventory, and a more favorable mix of original equipment manufacturer segment sales.
For the remainder of the fiscal year, BRP said now expects revenue of C$8.3 billion, which is at the top end of its previous guidance range of between C$8.15 billion and C$8.3 billion, and above Wall Street expectations of C$8.22 billion.
Normalized earnings are now expected to be C$5.00 a share, above previous guidance of between C$4.25 to C$4.75 a share.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 04, 2025 12:03 ET (17:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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