BRP Q3 sales up 18 percent
But North American outboard sales fell by “mid-teen” percentage points, according to the company.
But North American outboard sales fell by “mid-teen” percentage points, according to the company.
BRP’s five-year plan includes a new type of Evinrude propulsion called Project Ghost, which disappears beneath the transom.
Its XPS brand has 20 new lubricants and 21 other products for marine applications.
Declines in outboard sales were mostly offset by revenues from boat-company acquisitions.
After closing the Telwater deal, Jose Boisjoli says BRP has no plans to acquire other boat brands.
The Australian boatbuilder is the third company to join BRP’s Marine Group.
The addition of Alumacraft and Triton raised quarterly revenues, though a decline in outboard sales offset the increases.
Tracy Crocker says that acquisitions are just the beginning.
Evinrude parent to buy 80 percent of Telwater, with current owner staying on as minority shareholder.
Laurent Beaudoin will step down and become Chairman Emeritus.
Management stresses that marine plan is a “mid- to long-range strategy.”
The engines will help with training as the industry deals with the technician shortage.
NMMA reports the shipments in high-horsepower categories jumped in year-to-date tracking through November.
The company saw a decline in outboard engine sales but gains in personal watercraft.
As the group president exits, the division will now be co-managed by two senior vice presidents.
Some of the company’s dealers say they lack technicians to service BRP.
The program awards $5,000 to master and PhD students.
BRP Evinrude Technology Institute will train technicians in marine engines, motorcycles, boats, PWC and ATVs.
The Sea-Doo GTX Limited won a Good Design award in the Personal Mobility category.
The company said sales of its marine engines and boats were “stable” for the quarter.
Terms of the sale were not disclosed, and the transaction is expected to be completed in the third quarter of BRP’s fiscal year 2019.
The canceled supply agreement between the two companies had been extended two years.