Ski-Doo and Sea-Doo maker BRP reports revenue surge of 71% to a company record

Bombardier Recreational Products Inc. reported revenue of $2.7 billion in the third quarter, a 71 percent increase from a year earlier and the most in any three-month period in the company's history.

The Valcourt, Quebec-based maker of Ski-doo snowmobiles and Sea-doo personal watercraft delivered record fiscal 2023 third-quarter results, well ahead of expectations, driven by our team's solid execution and our operational discipline.

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The company overcame some supply chain difficulties that had been making it hard to keep up with demand and sales of its recreational machines jumped 43 per cent. Increased production and an exchange-rate gain boosted the company's net income in the third quarter.

The earnings per share were a record. The company increased its guidance for the metric by 35 cents per share, to a range of $11.65 to $12 per share, which would represent growth of 21 percent from the previous fiscal year.

Boisjoli said that the company is in a strong position to sustain growth.

It wasn't as smooth as it was for one of Canada's best known manufacturers. The company said that information on employees and supplies were leaked onto the dark web after a cyberattack. Stphane Bilodeau was appointed as the chief information officer.

Most manufacturers experienced supply constraints during the H1N1 epidemic. Boisjoli came up with an innovative solution, giving its dealers a choice: the company said it could ramp up production, but only by sending incomplete products, missing parts, because of unreliable supply chains. The missing piece would be shipped to dealers who would retrofit it at their store.

Boisjoli said in an interview that the move helped the company contain the supply shock because it spread the workload between us and the 3,000 dealers.

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