BRP Inc. Is Doubling Down on Dealers — Can Network Expansion Drive the Next Growth Cycle?

BRP Inc.’s third-quarter results for fiscal year 2026 demonstrated notable financial performance and strategic market maneuvers against a complex economic backdrop. The company reported revenues of $2.3 billion, reflecting a 14% year-over-year increase. This was primarily driven by robust off-road vehicle (ORV) shipments, despite a planned reduction in snowmobile deliveries to better align with market demand. The company’s normalized EBITDA rose by 21% to $326 million, signaling improved operational efficiency. The normalized earnings per share (EPS) increased 33% to $1.59, buoyed by efficient capacity utilization, specific cost improvement initiatives, and favorable pricing strategies. However, these gains faced partial offset from tariffs, a return of variable compensation, and unfavorable foreign exchange rate shifts.