BRP marine sales up in Q1

Publish date:

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.”


Yamaha Develops Electric Propulsion System

The Harmo system comprises a rim-drive electric motor that turns an impeller.

Mercury Supports Local Food Drive

Employees in Fond du Lac, Wis., donated more than $5,600 and 2,500 pounds of food during the company’s annual Fill the Boat to Cast Out Hunger drive.

A Record Cannes Show

The first major boat show to be held in Europe in more than a year drew 54,400 attendees during its six-day run.

Iconic Cleveland Show Returns to the I-X Center

Also, the Northwest Marine Trade Association is offering grants to promote boating and fishing.

Boston Whaler Hands Out School Supplies

The Brunswick brand’s annual Boatload of Backpacks supply drive aids Florida elementary students and teachers.

Grand Banks Forms GB Marine Group

After consolidating production to Malaysia, the builder said the Grand Banks, Eastbay and Palm Beach brands all will adopt the proprietary V-Warp hull design.

NMTA Announces Grow Boating Grants

The deadline to apply for the Northwest Marine Trade Association program is Oct. 31.

Groupe Beneteau and Sentinel Announce Partnership

The companies are collaborating on a connectivity platform that will be standard equipment on all Beneteau-branded boats by 2025.