DOO BRP Inc.
Price Chart
Executive Summary
BRP reported Q1 FY2027 results with total revenues of $2,391.8M, up 29.5% YoY, driven by higher ORV and PWC shipments. Gross profit margin improved 210bps to 23.5%. However, net income from continuing operations fell 20.9% to $127.3M due to an unfavorable FX loss on USD-denominated debt and higher taxes. North American retail sales declined 7% YoY. The company disclosed that incremental tariff costs from Section 232 amendments are expected to exceed $500M for FY2027, creating significant headwinds.
Actionable Insight
The strong revenue and gross margin beat is overshadowed by the massive tariff cost headwind (>$500M for FY2027) and declining retail sales (-7%). Monitor upcoming quarters for tariff mitigation updates and retail demand trends. The NCIB buyback provides modest support but does not offset the fundamental tariff risk.
Key Facts
- Total revenues increased 29.5% YoY to $2,391.8M (from $1,846.9M)
- Gross profit margin improved 210bps to 23.5% (from 21.4%)
- Net income from continuing operations decreased 20.9% to $127.3M (from $161.0M)
- Diluted EPS from continuing operations fell to $1.73 (from $2.19)
- Normalized diluted EPS surged 289.4% to $1.83 (from $0.47)
- North American retail sales declined 7% YoY
- Incremental tariff costs from Section 232 amendments expected to exceed $500M for FY2027
- Free cash flow increased to $367.3M (from $201.3M)
- Company repurchased 438,200 shares for $44.5M under NCIB
- Quarterly dividend declared at $0.25 per share
Financial Impact
Revenue growth of $544.9M (+29.5%) but net income decline of $33.7M (-20.9%); tariff headwind >$500M for FY2027
Risk Factors
- Potential incremental tariff costs exceeding $500M for FY2027 from Section 232 amendments
- North American retail sales declining 7% YoY with market share losses in PWC
- Unfavorable FX impact on net income from USD-denominated debt
- Higher effective tax rate (27.2% vs 8%) reducing net income
Market Snapshot
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-242966 |
| Document: d111006dex991.htm | 0001193125-26-242966 |
| Document: d111006d6k.htm | 0001193125-26-242966 |
| Document: d111006dex994.htm | 0001193125-26-242966 |
| Document: d111006dex993.htm | 0001193125-26-242966 |
| Document: 0001193125-26-242966-index-headers.html | 0001193125-26-242966 |
| Document: 0001193125-26-242966-index.html | 0001193125-26-242966 |
| Document: 0001193125-26-242966.txt | 0001193125-26-242966 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 28, 2026
8d ago
|
6-K
| $58.57 $61.65 | ▼ −5.26% | ▼ −5.31% | $60.70 (−3.64%) |
|
May 28, 2026
8d ago
|
6-K
| $58.57 $61.65 | ▲ +5.26% | ▲ +5.31% | $60.70 (+3.64%) |
|
Apr 22, 2026
6w ago
|
6-K
| $56.49 $53.00 | ▼ −6.18% | ▼ −6.23% | $60.70 (+7.45%) |
|
Mar 26, 2026
10w ago
|
6-K
| $67.08 $72.61 | ▲ +8.24% | ▲ +6.61% | $60.70 (−9.51%) |
|
Mar 11, 2026
12w ago
|
Court Ruling
| $65.85 $61.93 | ▼ −5.95% | ▼ −3.77% | $60.70 (−7.83%) |
US Market Status
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