BRP Inc · Q1 2027 earnings

Briefing

BRP Inc. reported fiscal Q1 2027 net income of C$127M on C$2.4B revenue, with normalized diluted EPS of C$1.83.

For the three months ended April 30, 2026 (fiscal Q1 2027), BRP earned net income of C$127.3 million (down 21% year over year) on revenues of C$2,391.8 million (up 30%). Normalized diluted EPS was C$1.83 versus C$0.47 a year ago; reported diluted EPS was C$1.73 versus C$2.19. Normalized EBITDA rose 67% to C$334.4 million on higher ORV and PWC shipments and favourable ORV mix. Management issued revised full-year guidance incorporating net tariff costs and mitigation.

• Revenues C$2.39B (+30% YoY) driven by higher ORV/PWC shipments and favourable ORV product mix; normalized EBITDA C$334M (+67% YoY).
• Net income C$127M (-21% YoY) on reported diluted EPS C$1.73; normalized diluted EPS C$1.83 (+C$1.36 YoY).
• North American powersports retail down 7% YoY on tough snowmobile compare; ORV market share gains continued.
• Revised FY27 guidance: revenues C$9.125–9.375B; normalized diluted EPS C$3.00–3.50 (tariffs net of mitigation).

Headline financials

Revenue & EPS history

BRP superseded prior FY27 guidance with a revised outlook incorporating incremental tariff costs net of mitigation: total company revenues of C$9.125 billion to C$9.375 billion, normalized EBITDA of C$925 million to C$975 million, and normalized diluted EPS of C$3.00 to C$3.50. Q2 commentary expects normalized EPS of roughly C$1.60–1.65, down from the prior year on tariffs, PWC shipment timing, and tax incentives.