A profit of $237.7 million for BRP in the second quarter

A profit of $237.7 million for BRP in the second quarter

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Recreational vehicle maker BRP on Wednesday reported net income rose $24.8 million to $237.7 million in the second quarter ended July 31. < /p>

Normalized EBITDA edged up $3.3 million, or 0.8%, to $418.3 million during the same period, according to the company that achieved the increase 28% of its revenue of $2.439 billion.

Normalized diluted earnings per share were $2.94, or 2%, while diluted earnings per share increased by 0 $.48, an increase of 20%, compared to the corresponding quarter last year.

“We delivered record results in the second quarter while continuing to advance our strategic initiatives”, said José Boisjoli, President and Chief Executive Officer, in a press release.

The Valcourt-based company anticipates another solid year with an increase in EBITDA down 14% to 17% and expects a possible 50% upside in normalized earnings per share.

“With the current improvement in the supply chain and our ability to additional production, we are in a favorable position to expect to achieve a record second half,” anticipated Mr. Boisjoli.

The company presented three new models of Off-road ATVs for “Can-Am” youth, in addition to unveiling new models of personal watercraft.