VALCOURT, Que. — BRP Inc. reported its third-quarter profit and revenue fell compared with a year ago as it faced softer demand.
The maker of Ski-Doo snowmobiles and Sea-Doo watercraft says it earned $27.3 million or 37 cents per diluted share for the quarter ended Oct. 31.
The result was down from a profit of $90.1 million or $1.16 per diluted share in the same quarter last year.
Revenue for the three-month period totalled $1.96 billion, down from $2.37 billion a year earlier.
BRP says its normalized profit for the quarter amounted to $1.16 per diluted share, down from a normalized profit of $3.24 per diluted share in the same quarter last year.
In October, the company announced it was looking to sell its money-losing boat brands as well as its marine parts, accessories and apparel businesses.
This report by The Canadian Press was first published Dec. 6, 2024.
Companies in this story: (TSX:DOO)
The Canadian Press