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BRP Inc. profit beats consensusin fiscal Q1

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BRP Inc. profit beats consensusin fiscal Q1

4428873 said its normalized net income for the fiscal first quarter ended April 30 was 50 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

EPS rose year over year from 15 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$60.0 million, a gain from C$17.6 million in the year-earlier period.

The normalized profit margin climbed to 6.7% from 2.3% in the year-earlier period.

Total revenue increased 18.4% year over year to C$898.1 million from C$758.6 million, and total operating expenses grew 13.5% on an annual basis to C$831.9 million from C$732.9 million.

eported net income grew from the prior-year period to C$83.2 million, or 70 cents per share, from C$28.5 million, or 24 cents per share.BRP Inc.

4428873 said its normalized net income for the fiscal first quarter ended April 30 was 50 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.