BRP marine sales up in Q1

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BRP today reported sales of C$1.33 billion for its first quarter ended April 30, a 17 percent increase over the same period a year ago. Net income was C$23.8 million, compared to C$13.7 million a year ago.

Sales from its marine segment increased by C$37.9 million, or 33.4 percent, to C$151.3 million for the quarter. The increase was mainly due to the acquisitions of Alumacraft Boat Co. and Triton Industries, according to a BRP statement. The company said that a decrease in volume in outboard engine sales in North America partially offset the overall sales increase. The company said outboard retail sales were off in the “high-teens” compared to a year ago.

Sales in BRP’s Year-Round Products, Seasonal Products, Powersports PAC and OEM engine segments in its powersports category were all up for the quarter.

“We have experienced strong retail momentum in North America and Europe, with all our sectors trending positively, and we are very satisfied with our year-over-year revenue growth of 17 percent, even while operating in a dynamic environment,” said José Boisjoli, BRP CEO, in the statement. “We are confident to deliver the guidance for the year.”

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