Highlights:
Record quarterly revenues of $866.0 million, an increase of 18% compared to the corresponding period of FY2013
Net income of $48.2 million, an increase of 52% compared to the third quarter FY2013, which resulted in basic earnings per
share of $0.41, an increase of $0.10 compared to the corresponding period of FY2013;
Normalized net income[1] of $59.0 million, an increase of 39% compared to the third quarter FY2013, which resulted in normalized basic earnings per share[1] of $0.50, an increase of $0.08 compared to the corresponding period of FY2013;
Updating FY2014 normalized basic EPS[1] guidance to $1.49 – $1.54 from $1.45 – $1.50
BRP Inc. (TSX: DOO) today reported its financial results for the three- and nine-month periods ended October 31, 2013. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available at www.sedar.com.
«The strong performance in our third quarter was primarily driven by strong shipments of snowmobiles both in North America and internationally. Our results were also buoyed by consumer enthusiasm for our Year-Round products led by our new models of side–by-side vehicles which have been well received worldwide. With solid results through nine months of the fiscal year, we are on track to meet our Revenue and Normalized EBITDA guidance for the year and we are very excited about the line-up of new products for the coming model year 2014, said José Boisjoli, president and CEO.
I am very pleased with this performance and particularly proud of the fact that we were able to deliver strong quarterly results as we approach our 10th anniversary as a standalone company. I would like to take this opportunity to thank our employees, our dealers and distributors for their hard work and continued loyal support,‖ he continued.
