Bombardier Recreational Products (BRP) has reported its earnings for the fourth quarter of last year and the beginning of 2019 and things are looking good at the Canadian company.
In that time, revenues hit $5,243.8 million, marking an increase of 17.8 percent over the same time last year. BRP’s largest powersports brands include Can-Am, Ski-Doo and Sea-Doo.
The increase came from a number of areas, including more wholesale in Seasonal Products and a jump in sales for year-round products like Side-by-Sides and ATVs. Specifically, the powersports business increased sales by seven percent. Snowmobiles sales were up as well, and profits ballooned thanks to a “favorable product mix” (read: the expensive models) of snowmobiles selling.
The favorable exchange rate with the US also helps BRP to make money, in this case something like an extra $40 million. Revenues at BRP’s accessories division are up as well, driven by higher need for snowmobile parts and snowmobile clothing.
The only area where sales dropped was outboard motors, which are down over 20 percent compared to this time last year. Revenues are still up in the Marine division though thanks to BRP’s acquisition of Alumacraft.