BRP profits at BRP


Profits jumped sharply at Bombardier Recreational Products (BRP) in the second quarter.

Net income increased $ 52.3 million compared to the same period last year to reach $ 93.3 million.

Diluted earnings per share were $ 0.96, an increase of $ 0.55 or 134.1% from the second quarter of last year.

"We have once again posted solid financial results and record results for the second quarter, driven by the success of our off-road and Can-Am road vehicles, particularly as a result of the strong growth in our passenger car category. coast, particularly in North America and Western Europe, "BRP President and CEO José Boisjoli said in a statement on Thursday.

"Our efforts and commitment to building our side-by-side vehicle strategy over the last four years has paid off and we intend to maintain our sustained pace of innovation," he added.

The Quebec company's revenues also increased in the last quarter compared to the same period last year. They climbed $ 252.5 million, an increase of 20.9% to $ 1.459 billion.

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