The Can-Am Spyder is assembled at BRP's manufacturing facilities in Valcourt, Que., in January.Christinne Muschi/The Canadian Press
BRP Inc. DOO-T reported a fourth-quarter profit of $45.8-million and a 16-per-cent increase in revenue compared with a year earlier as it raised its dividend.
The Ski-Doo and Sea-Doo maker increased its quarterly dividend to 25 cents per share, up from 21.5 cents per share.
The increased payment to shareholders came as BRP says it earned 63 cents per diluted share for the quarter ended Jan. 31 compared with a loss of $50.5-million or 68 cents per diluted share a year earlier.
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Revenue for the fourth quarter of the company’s 2026 financial year totalled $2.46-billion, up from $2.12-billion a year ago.
On a normalized basis, BRP says it earned $2.21 per diluted share in its latest quarter compared with a normalized profit of $1.05 per diluted share a year earlier.
In its guidance for its 2027 financial year, BRP says it expects revenue to total between $8.90-billion and $9.15-billion. Normalized earnings per diluted share for the year are expected between $5.50 and $6.50.