The Quebec-based Ski-Doo maker reported a fourth-quarter net loss of $44.5 million, representing a 114.7 per cent decrease compared to the same period last year. Revenue, meanwhile, fell to $2.1 billion, but above analyst forecasts compiled by Visible Alpha. (The Logic)
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The Quebec-based Ski-Doo maker reported a fourth-quarter net loss of $44.5 million, representing a 114.7 per cent decrease compared to the same period last year. Revenue, meanwhile, fell to $2.1 billion, but above analyst forecasts compiled by Visible Alpha. (The Logic)
Talking point: Apart from suffering a post-COVID-19 decrease in demand, BRP builds the majority of its off-road vehicles outside of the U.S., making it uniquely vulnerable to U.S. tariffs. The company put its non-Sea-Doo marine business up for sale last October in an effort to concentrate on core products. BRP said it was deferring its forecasts for a year, citing ongoing global tariff disputes with the U.S. as well as uncertainty regarding trade regulations.
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