BRP Earnings Call Summary

Can Am Maverick Side-by-Side

BRP, manufacturer of Can-Am products including Maverick and Commander UTVs, recently had an IPO and is now a publicly traded company.  They reported their first quarter earnings several weeks back and here are some of the highlights with a focus on UTV related information.

  • 12% growth in comparable revenue to Q1 fiscal year 2013, which was driven primarily by a 27% growth rate in year-round products, mainly coming from strong side-by-side revenues and increased roadster sales.
  • Double digit retail growth for combined Can-Am Recreational Side-by-Side and Spyder.
  • Deliveries of the new Maverick Side-by-Side vehicle began with in the first quarter very good sell-through at the dealership.
  • On the retail side, the US recreational side-by-side industry grew high single digits, while our North American side-by-side sales grew high double digit.
  • Reported revenues of C$804 million, an increase of 5.5% over the same period in fiscal ’13, representing a record level for the Company in the first quarter.
  • Have added 35 to 40 dealers in the South and Southwestern US as part of a plant to add 200 to 300 dealers in the same areas within the next four years.

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