Q2 2025 BRP Inc Earnings Call Transcript
Key Points
- Revenue reached $1.8 billion, normalized EBITDA was $199 million, and normalized EPS was $0.61, generally in line with expectations.
- Network inventory was reduced by 13% so far this year, progressing towards a 15% to 20% reduction by the end of fiscal 2025.
- Latin American retail sales were up 18%, driven by strong performance in Mexico and Brazil.
- BRP Inc (DOOO) gained about 2 points of market share in side-by-side vehicles, passing the 30% mark for the first time.
- The company announced the availability of its highly anticipated Can-Am Pulse and Origin all-electric motorcycle lineup, marking its reentry into the two-wheel space.
- North American Powersports sales were down 18% from a strong second quarter last year due to weaker consumer demand.
- Revenue from seasonal products was down 40% from last year to $542 million.
- Revenue from marine products was down 54% to $57 million, reflecting lower boat shipment volume.
- The company expects to finish the season with more inventory than planned, particularly in the personal watercraft segment.
- BRP Inc (DOOO) has adjusted its shipment plan for the rest of the year due to weaker industry trends and increased promotional activity from competitors.
Good morning, ladies and gentlemen, and welcome to BRP Inc's FY25 second quarter results conference call. (Operator Instructions)
And I would like to turn the meeting over to Mr. Philippe Deschenes. Please go ahead, sir.
Thank you, Sylvie. Good morning and welcome to BRP's conference call for the second quarter of fiscal year '25. Joining me this morning are Jose Boisjoli, President and Chief Executive Officer; and Sebastien Martel, Chief Financial Officer.
Before we move to the prepared remarks, I would like to remind everyone that certain forward-looking statements will be made during the call and that the actual result could differ from those implied in these statements. The forward-looking information is based on certain assumption and is subject to risk and uncertainties and I invite you to consult BRP's MD&A for a complete list of these.
Also during the call, reference will be made to supporting slides and you can find the presentation on our website at brp.com under the
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