BRP Inc. (DOO.TO) reported a sharp drop in first-quarter net income to C$25.7 million, from C$54.6 million last year. However, on a normalized basis, quarterly net income amounted to C$53.4 million, or C$0.52 a share, up compared with the prior year's C$49.6 million, or C$0.49 a share.
Revenues for the first quarter totaled C$804.3 million, a 5.5% increase from the prior year's C$762.7 million, and rose by 12% when excluding the impact of the exit of the sport boat business in the fall 2012. The revenue growth includes a favourable foreign exchange rate variation of C$13 million mainly related to the strengthening of the U.S. dollar against the Canadian dollar.
For fiscal 2014, normalized earnings per share are expected to lie between C$1.45 and C$1.50, while total company revenues are projected to rise at a high single-digit percentage during the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.