VALCOURT, Que. — BRP Inc. reported a profit of $244.4 million in its latest quarter compared with a loss a year ago and raised its financial guidance for the year.
The maker of Ski-Doos and Sea-Doos says the profit amounted to $2.79 per diluted share for the quarter ended April 30 compared with a loss of $226.1 million or $2.58 per dilluted share a year ago when the pandemic began.
Revenue in what was the first quarter of the company’s financial year totalled $1.81 billion, up from $1.23 billion in the same quarter last year.
On a normalized basis, BRP says it earned $2.53 per diluted share in the quarter compared with a normalized profit of 26 cents per share a year ago.
In its outlook, BRP says it now expects revenue for its full financial year to grow 28 to 33 per cent compared with earlier guidance for growth between 25 and 30 per cent.
The company also raised its expectations for its normalized earnings per diluted share for the year to between $7.75 and $8.50, up from its earlier forecast for between $7.25 and $8.
“Following our solid first-quarter performance, positive outlook for the business and factoring in current supply chain constraints, we increased our overall guidance for fiscal 22 with normalized EPS now expected to grow between 44 per cent to 58 per cent over last year,” BRP CEO Jose Boisjoli said in a statement.
This report by The Canadian Press was first published June 3, 2021.
Companies in this story: (TSX:DOO)
The Canadian Press
The post BRP reports $244.4M Q1 profit, raises full-year financial guidance appeared first on 660 NEWS.
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The new standard is now fully in place, as in the first few months after February 12 the LEAP roots and additional roots needed to handle large numbers of options for a given issuer were consolidated into a single root ticker for a given underlying symbol.
The first essential part of any plan is your emergency fund.
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The agencies address the issue with the creditor institution and must respond within 30 days.
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Despite this, the drink was ordered off the shelves in the German states of Hesse, North Rhine-Westphalia, Thuringia and Rhineland-Palatinate.
Money, financial understanding, and a willingness to risk put private Vancouver investors in the mix of options for entrepreneurs seeking financing.
If you are in the 30 tax bracket, then the tax saved may be slightly above Rs.45,000.
In the Wall Street Journal, a professor or nutrition and exercise physiology blamed the health disparity on the pounding physical nature of football and basketball.
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In the 1950s, engineer Bill Fair and mathematician Earl Isaac devised a mathematical formula to help creditors analyze data.
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Authorities are focusing on crypto more than ever, and they are starting to demand more reporting from exchanges.
Mr. Hildebrand, who was picked for the top spot at the bank in part because of his experience in financial markets and the private sector, had begun to gain greater favor among politicians and industry leaders in recent months, boosted by the success of the SNB’s September move to contain the rise in the franc.
This may involve research.