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 | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
5d ago
|
Institutional Cluster
| $59.12 $60.28 | ▼ −1.96% | ▼ −1.42% | $59.92 (−1.35%) |
|
May 28, 2026
19d ago
|
6-K
| $58.57 $57.77 | ▲ +1.37% | ▲ +1.61% | $59.92 (−2.30%) |
|
May 28, 2026
19d ago
|
6-K
| $58.57 $57.77 | ▼ −1.37% | ▼ −1.61% | $59.92 (+2.30%) |
|
Apr 22, 2026
7w ago
|
6-K
| $56.49 $55.95 | ▼ −0.96% | ▼ −0.56% | $59.92 (+6.07%) |
|
Mar 26, 2026
11w ago
|
6-K
| $67.08 $66.09 | ▼ −1.47% | ▲ +0.21% | $59.92 (−10.68%) |
|
Mar 11, 2026
14w ago
|
Court Ruling
| $65.85 $63.85 | ▼ −3.04% | ▼ −1.56% | $59.92 (−9.01%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access