{"id":4212,"date":"2015-12-15T15:16:27","date_gmt":"2015-12-15T15:16:27","guid":{"rendered":"http:\/\/azureblog.smallvehicleresource.com\/?p=4212"},"modified":"2015-12-15T15:16:27","modified_gmt":"2015-12-15T15:16:27","slug":"brp-reports-fiscal-year-2016-third-quarter-results","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2015\/12\/15\/brp-reports-fiscal-year-2016-third-quarter-results\/","title":{"rendered":"BRP Reports Fiscal Year 2016 Third-Quarter Results"},"content":{"rendered":"<div id=\"attachment_4101\" style=\"width: 594px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2015\/09\/can-am-defender.jpeg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4101\" class=\"size-large wp-image-4101\" alt=\"The new Can-Am Defender utility side-by-side.\" src=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2015\/09\/can-am-defender-1024x511.jpeg\" width=\"584\" height=\"291\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/09\/can-am-defender-1024x511.jpeg 1024w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/09\/can-am-defender-300x149.jpeg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/09\/can-am-defender-500x249.jpeg 500w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/09\/can-am-defender.jpeg 1322w\" sizes=\"(max-width: 584px) 100vw, 584px\" \/><\/a><p id=\"caption-attachment-4101\" class=\"wp-caption-text\">Introduction of the new Can-Am Defender utility side-by-side line was a third quarter highlight.<\/p><\/div>\n<p>BRP, manufacturer of Can-Am side-by-sides, recently announced their fiscal year 2016 third-quarter (ending Oct. 31, 2015) results. Financial highlights in Canadian dollars include:<\/p>\n<ul>\n<li>Revenues of $1,010.2 million, a 10.0% increase compared to the third quarter of FY2015;<\/li>\n<li>Normalized EBITDA of $141.5, a 5.5% increase compared to the same period last year;<\/li>\n<li>Net income of $65.5 million, an increase of $28.3 million compared to the same period last year;<\/li>\n<li>Normalized net income of $72.8 million resulting in a normalized diluted earnings per share of $0.62;<\/li>\n<li>Guidance remains unchanged for the full fiscal year<\/li>\n<\/ul>\n<p>A summary of highlights from the earnings call that relate to the side-by-side market include:<\/p>\n<ul>\n<li><span style=\"color: #333333; font-style: normal; font-weight: 300; line-height: 24.375px;\">BRP is tracking to reach the objective of signing 75 to 85 new dealers for the year<\/span><\/li>\n<li>Launched the Can-Am Defender side-by-side vehicle in the largest segment of the off-road vehicle market<\/li>\n<li>Defender has been well received by side-by-side, farm and hunting media<\/li>\n<li>First Defender units shipped in November and full production should be reached by end of February<\/li>\n<li>Season to date side-by-side market is up mid-single digits while Can-Am is down mid-single digit driven by soft start to season, but US retail was up mid-single digits in September and October<\/li>\n<li>Western Canada market is weak from the impact of low oil prices<\/li>\n<li>Competition in the side-by-side market is higher driven by numerous new model introductions<\/li>\n<li>Management expects industry growth in the utility segment for side-by-sides to be mid-single digits in the near future.<\/li>\n<\/ul>\n<p><a title=\"BRP Fiscal Year 2016 3rd Quarter Earnings Call Transcript\" href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;ved=0ahUKEwjI1aX-kd7JAhUMbT4KHUHSDHQQFggcMAA&amp;url=http%3A%2F%2Fphx.corporate-ir.net%2FExternal.File%3Ft%3D1%26item%3DVHlwZT0yfFBhcmVudElEPTUyMTIyMTJ8Q2hpbGRJRD02MDUxNzM%3D&amp;usg=AFQjCNHI9ilAWNEXcE5fISAFlgOyGUm4EQ&amp;sig2=1CYZsQy5FzFTA_1RMX2oqQ&amp;bvm=bv.110151844,d.cWw\" target=\"_blank\" rel=\"nofollow\">Learn more: ??phx-corporate-ir.net<\/a>??(PDF &#8211; Earnings Call Transcript)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRP, manufacturer of Can-Am side-by-sides, recently announced their fiscal year 2016 third-quarter (ending Oct. 31, 2015) results. Financial highlights in Canadian dollars include: Revenues of $1,010.2 million, a 10.0% increase compared to the third quarter of FY2015; Normalized EBITDA of &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2015\/12\/15\/brp-reports-fiscal-year-2016-third-quarter-results\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,12,14,23,1829,27],"tags":[210,228,2023,388,1684,2099],"class_list":["post-4212","post","type-post","status-publish","format-standard","hentry","category-investment-financing","category-management","category-market-trends","category-sales-figures","category-side-by-side-2","category-utility-vehicles","tag-brp","tag-can-am","tag-defender","tag-earnings-call","tag-quarterly-earnings","tag-third-quarter"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4212"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=4212"}],"version-history":[{"count":2,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4212\/revisions"}],"predecessor-version":[{"id":4214,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4212\/revisions\/4214"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=4212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=4212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=4212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}