BRP Inc. (NASDAQ:DOO) posted first-quarter results on Thursday that came in well ahead of Wall Street expectations, sending shares up 8.62% in premarket trading as investors reacted positively to stronger earnings and upgraded full-year guidance.
The recreational vehicle manufacturer reported adjusted earnings per share of $1.83, significantly above analyst expectations of $0.82
Revenue totaled $2.39 billion, surpassing the consensus forecast of $1.54 billion. Quarterly revenue increased 29.5% from a year earlier, supported by stronger shipments of off-road vehicles and personal watercraft, along with a more favorable sales mix within the company’s ORV business. BRP also introduced fiscal 2027 guidance that exceeded analyst projections.
The company forecast adjusted EPS between $3.00 and $3.50, with the midpoint of $3.25 coming in above the consensus estimate of $2.60. Revenue guidance for the year was set between $9.12 billion and $9.37 billion, also well ahead of analyst expectations of approximately $6.5 billion. The midpoint of the forecast stands at $9.25 billion. “We delivered Q1 financial results above expectations, driven by higher volumes, disciplined cost management, strong overall execution and a more favourable promotional environment,” said Denis Le Vot, President and CEO of BRP.