AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
BRP Q1 Profit Surges, Revenue Falls; CEO José Boisjoli to Retire
ByAinvest
Thursday, May 29, 2025 8:48 am ET1min read
BRP Inc. reports Q1 profit of $161 million, a significant increase from $42.5 million in the same period last year. Revenue for the quarter totaled $1.8 billion, slightly lower than $2 billion in the previous year. The company also announced that CEO José Boisjoli will retire at the end of the fiscal year after 22 years in the top job.
BRP Inc. (TSX: DOO) reported a significant increase in its first-quarter profit, reaching $161 million, compared to $42.5 million in the same period last year. The company's revenue for the quarter totaled $1.8 billion, a slight decrease from $2 billion in the previous year [1].The company's normalized profit per diluted share for the quarter ended April 30 was 47 cents, compared to $1.58 per diluted share a year ago [1]. This performance was driven by strong profitability, despite a decrease in revenue.
Additionally, BRP Inc. announced that President and CEO José Boisjoli will retire by the end of the fiscal year after 22 years in the top job. Boisjoli's tenure saw the company transform from a Bombardier spin-off into a global Powersports leader, significantly expanding its product portfolio and market presence [3].
The company's stock has lost about 29.4% since the beginning of the year compared to the S&P 500's gain of 0.1% [2]. The sustainability of the stock's immediate price movement will depend on management's commentary on the earnings call. BRP Inc. has topped consensus revenue estimates three times over the last four quarters, but the company's shares are expected to underperform the market in the near future due to unfavorable estimate revisions [2].
The Board of Directors is actively conducting a search for Boisjoli's successor, and he will continue to lead until the new appointment is made. The current consensus EPS estimate for the coming quarter is $0.41 on $1.26 billion in revenues, and for the current fiscal year, it is $2.38 on $5.4 billion in revenues [2].
References:
[1] https://ca.finance.yahoo.com/news/brp-says-q1-profit-company-111249136.html
[2] https://finance.yahoo.com/news/brp-inc-dooo-beats-q1-111502374.html
[3] https://www.stocktitan.net/news/DOOO/brp-s-president-and-ceo-jose-boisjoli-to-retire-by-the-end-of-the-lcscwr4ejh5d.html
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet