BRP has just announced that through the first quarter of this year revenue has jumped 18.4 percent, from $758 million to $898 million YoY.
BRP cites a uptick in wholesale and fleet sales of seasonal products like UTV's, ATV's and PWCs. BRP was also fortunate to find an extra $36 million in favourable exchange rates vs the U.S dollar.
Revenue for non seasonal pridcuts increased 8.9 percent to $32.7 million. Revenue from propulsion systems gained 5.3 percent and grew to $5.2 million. As noted seasonal was BRPs largest gain, increasing 46.9 percent to 86.6 million. It's unclear how much of a factor the Spark played into the massive gains in seasonal sales YoY but if I had to wager, somewhat significantly.
YoY BRP also saw their net profit increase from $28 million (24 cents per share) to $83 million (70 cents per share).