BRP Inc. (NASDAQ:DOOO) delivered third-quarter results on Thursday that exceeded analyst forecasts, as revenue climbed 14% year-over-year to C$2.25 billion, supported by stronger off-road vehicle (ORV) shipments and a more favorable product mix.
Shares of the recreational vehicle manufacturer rose about 0.33% in pre-market trading following the announcement.
For the quarter ended October 31, net income surged 150% to C$76.5 million. Adjusted earnings per share rose to C$1.59 from C$1.20 a year earlier, while normalized EBITDA increased 21.3% to C$325.6 million.
Given the robust quarter, BRP raised its full-year outlook and now anticipates adjusted EPS of roughly C$5.00. The company also expects full-year revenue to total around C$8.3 billion.
“Third-quarter results came in ahead of expectations with significant revenue, profitability and free cash flow increases,” said José Boisjoli, President and CEO of BRP. “This strong performance was fueled by the successful introduction of new industry-leading products which drove market share gains in the SSV and ATV categories in North America.”
Despite the solid earnings, North American powersports retail sales slipped 4% from the same quarter last year, largely because seasonal product sales softened outside peak periods. Even so, BRP expanded its ORV market share in the region.
Year-Round Products — which account for more than half of BRP’s total quarterly revenue — generated C$1.27 billion, up 22.1%. Seasonal Products revenue dipped 1.6% to C$606.2 million, while Parts, Accessories & Apparel and OEM Engines revenue grew 17.8% to C$378.5 million.
BRP also declared a quarterly dividend of C$0.215 per share, payable January 14, 2026, to shareholders of record as of December 31, 2025.