BRP reports Q2 profit, raises guidance for full year
BNN Bloomberg
BRP Inc. raised its guidance as it reported a second-quarter profit of $237.7 million and sales up 28 per cent compared with a year ago.
The Ski-Doo and Sea-Doo maker says its profit amounted to $2.94 per diluted share for the quarter ended July 31 compared with a profit of $212.9 million or $2.46 per diluted share a year earlier.
Revenue in what was the second quarter of the company's 2023 financial year totalled $2.44 billion, up from $1.90 billion in the same quarter last year.
BRP says its normalized profit for the quarter amounted to $2.94 per diluted share, up from a normalized profit of $2.89 per diluted share a year ago.
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