BRP Boat Shipments Take a Dive in 2023 Q1
June 6, 2022
The company still expects a solid year and boosts its forecast for revenue in the marine segment
The company still expects a solid year and boosts its forecast for revenue in the marine segment
The company said it created multiple new leadership positions as its revenue and workforce grow and its product lines become more complex.
The pontoon builder is increasing manufacturing capacity in Lansing, Mich., and adding manufacturing and warehouse space in St. Johns, Mich.
Bombardier Recreational Products saw revenue jump 28 percent to $4.2 billion for the year, but dipping in its fiscal Q3 due to supply chain constraints.
BRP delivers a record Q2, seeing revenue jump by 54 percent.
Bombardier saw demand in all segments, with boat sales up 71 percent in North America. Gross profit, revenue and net income all saw impressive gains.
A five-year plan by the Canada-based manufacturer looks to integrate e-power across its portfolio of powersports products.
While the North American market saw solid gains in the powersports segment, pandemic-related shutdowns and the retirement of Evinrude had a big impact on revenue.
The company is touting it as “the first-ever ‘boatplay’ experience.
Dubbed Uncharted Society, the program pairs BRP’s powersports vehicles with outfitters for trips on land and water.
The company still expects a solid year and boosts its forecast for revenue in the marine segment
The company said it created multiple new leadership positions as its revenue and workforce grow and its product lines become more complex.
The pontoon builder is increasing manufacturing capacity in Lansing, Mich., and adding manufacturing and warehouse space in St. Johns, Mich.
Bombardier Recreational Products saw revenue jump 28 percent to $4.2 billion for the year, but dipping in its fiscal Q3 due to supply chain constraints.
BRP delivers a record Q2, seeing revenue jump by 54 percent.
Bombardier saw demand in all segments, with boat sales up 71 percent in North America. Gross profit, revenue and net income all saw impressive gains.
A five-year plan by the Canada-based manufacturer looks to integrate e-power across its portfolio of powersports products.
While the North American market saw solid gains in the powersports segment, pandemic-related shutdowns and the retirement of Evinrude had a big impact on revenue.
The company is touting it as “the first-ever ‘boatplay’ experience.
Dubbed Uncharted Society, the program pairs BRP’s powersports vehicles with outfitters for trips on land and water.
