Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsSki-Doo maker BRP lowers 2027 profit guidance amid tariff woesThe company released its Q1 earnings results on Thursday, reporting a 20.9 per cent decline in profits compared to last yearLast updated 41 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.BRP said North American Powersports retail sales declined by seven per cent in the first quarter, mainly due to the relative strength of end-of-season snowmobile sales last year. Photo by Christinne Muschi/BloombergSki-Doo and Sea-Doo maker BRP Inc. revised its full-year 2027 guidance to reflect the impact of tariffs on its recreational machines since the United States amended its policy on imported steel, taxing the entire value of a product rather than its component metal.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe company lowered its expected profits to between $215 million and $250 million, down from the previously stated range of $410 million to $480 million.BRP also lowered its normalized EBITDA guidance to $925- to $975-million, from $1,175- to $1,275-million. This would amount to $3 to $3.50 in diluted normalized earnings per share, down from $5.50 to $6.50.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“The quarter was marked by a significant shift in the North American tariff landscape,” chief executive Denis Le Vot said during Thursday’s earnings call. “While this created uncertainty and led us to suspend our fiscal ’27 guidance, our team has moved quickly to identify several mitigation measures to partially offset the impact on our business.”The CEO said those measures include further optimization of their direct costs and overhead, a thorough review of the value chain to unlock efficiency and targeted pricing adjustment.Meanwhile, BRP raised its 2027 revenues guidance, with total company revenue now expected between $9.125 million and $9.375 million, up from the previous guidance of $8.9 million to $9.15 million.Although the geopolitical and trade environments remain volatile, Le Not said the revised full-year guidance incorporates both positive trends in the business and net tariff costs.Its guidance for 2026 was unchanged.The company released its first quarter earnings results on Thursday, reporting a 20.9 per cent decline (to $127.3 million) in profits compared to last year.Its revenues, however, increased by 29.5 per cent to roughly $2.4 billion. It said the growth was driven by higher off-road vehicle (ORV) shipments and a favourable product mix, thanks to the introduction of new models and features in the ORV category. It also credited higher PWC shipments compared to the same period last year, when such shipments occurred later in the season.“These results exceeded our expectation, driven by stronger volumes, disciplined cost management, and a more favourable promotional environment, despite the early impact of incremental tariffs,” said Le Vot.The company’s normalized EBITDA was $334.4 million for the quarter, an increase of 66.5 per cent from last year, bringing normalized diluted earnings per share to $1.83, up from $1.36 per share, and $1.73 per share (down $0.46 per share) compared to last year.BRP said North American Powersports retail sales declined by seven per cent in the first quarter, mainly due to the relative strength of end-of-season snowmobile sales last year. 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