BRP

BRP reported Q2 revenue up 18% to CAD 2.2 billion driven by robust off‑road vehicle demand and market‑share gains, while posting a normalized loss per share of CAD 0.18. The company raised full‑year normalized EPS guidance to CAD 4.00–4.50 and expects more than CAD 800 million in free cash flow, citing stronger ORV deliveries but weaker personal watercraft volumes and higher inflation. BRP lowered its expected fiscal‑year tariff exposure to CAD 200 million but warned a new 50% tariff on certain Spyder imports will create a CAD 60–65 million headwind next year. Management plans to expand utility side‑by‑side capacity by roughly 33% and announced CFO Sébastien Martel will retire, to be succeeded by Minh Thanh Tran on Oct. 1. » More on finance.yahoo.com

BRP reported significantly better-than-expected results in the second fiscal quarter, but the shares fell about 2.5% to $61.75 due to a muted outlook for Q3. CEO Denis Le Vot pointed to a volatile geopolitical and trade-policy environment, and the company announced the resignation of CFO Sébastien Martel; his successor, Minh Thanh Tran, will take over on October 1, 2026. There had already been 14 negative estimate revisions in the past 90 days, further dampening short-term investor sentiment. » More on de.investing.com

BRP announces that Minh Thanh Tran will succeed Sebastien Martel as Chief Financial Officer effective October 1, 2026. Martel will remain as executive advisor to the CEO until his final retirement in April 2027; the appointment is part of a long-planned succession strategy. Tran has been with BRP since 2017 and has led, among other areas, corporate strategy, M&A and the implementation of a North American ERP system, as well as the M28 strategic plan; Martel was CFO for 12 years and oversaw the 2013 IPO and the 2018 listing on NASDAQ. » More on de.investing.com