BRP Inc. (ticker DOO, formerly DOOO) reported its third‑quarter 2026 results, posting revenue of $2,250.3 million for the three‑month period ended October 31 2025, a 14.0 % year‑over‑year increase driven by robust demand for its flagship Can‑Am Defender and continued market‑share gains in the side‑by‑side and ATV categories. The company’s revenue growth was supported by a 22.1 % rise in Year‑Round Products to C$1.27 billion, a 1.6 % decline in Seasonal Products to C$606.2 million, and a 17.8 % increase in Parts, Accessories & Apparel and OEM Engines to C$378.5 million, illustrating a favorable product mix shift toward higher‑margin, year‑round offerings.
The company’s gross profit reached $541.2 million, translating to a 24.1 % gross margin. This margin expansion reflects pricing power in core product lines and disciplined cost controls that offset tariff impacts and inventory‑related expenses. Normalized EBITDA climbed to $325.6 million, up 21.3 % from the same quarter in 2024, underscoring the company’s ability to convert revenue growth into operating profitability while managing cost pressures.
Diluted earnings per share were $1.04, beating the consensus estimate of $0.90 by $0.14, or 15.6 %. The EPS beat was largely driven by the combination of higher gross margins, efficient operating leverage, and the strong contribution of the new product launches, which helped maintain profitability even as the company continued to invest in inventory destocking and product development.
For fiscal 2026, BRP raised its revenue guidance to $8,300 million from the prior $8,150 million, and lifted normalized EBITDA guidance to $1,100 million from $1,057 million. The upward revision signals management’s confidence in sustained demand momentum, improved pricing dynamics, and the successful execution of its aggressive product cycle. The company reiterated its focus on inventory destocking and the launch of its most aggressive product cycle, positioning for a second‑half inflection in margins and earnings.
CEO José Boisjoli highlighted the quarter as a “significant revenue, profitability and free‑cash‑flow increase” and credited the strong performance to the successful introduction of new industry‑leading products that drove market‑share gains in the SSV and ATV categories in North America. He also noted that the company’s ticker symbol will change from DOOO to DOO effective December 8 2025, a procedural update that does not affect the company’s financial outlook.
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