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While the mild winter slowed snowmobile sales to a crawl , the silver lining was an uptick in side-by-side and ATV sales . BRP says it improved its market share in powersports over the industry average with an 8 % increase . Photo courtesy of BRP which impacted the snowmobile season for PA & A . The decrease was partially offset by a favorable product mix in year-round products and favorable pricing across most product lines . ( Decrease includes a favorable foreign exchange rate variation of $ 4 million ).

Year-Round Products ( 51 % of Q4−FY24 revenues ): Revenues from yearround products increased by $ 109.1 million , or 8.7 %, to $ 1.4 billion , compared to $ 1.3 billion for Q4 2023 . The increase was primarily attributable to a favorable product mix due to the introduction of new models and a higher volume of 3WV due to the timing of shipments between the third and fourth quarters of Fiscal 2024 . Higher sales programs and a lower volume of ATVs and SSVs sold partially offset the increase in revenues . The increase includes an unfavorable foreign exchange rate variation of $ 1 million .

Seasonal Products ( 35 % of Q4−FY24 revenues ): Revenues from seasonal products decreased by $ 366.9 million , or 27.8 %, to $ 952.6 million in Q4 , compared to $ 1.3 billion in Q4FY23 . The decrease was attributable to a lower volume of products sold and higher sales programs , mainly on snowmobiles due to unfavorable winter conditions . Late shipments last year are attributed to the loss , but it was partially offset by favorable pricing across all product lines .

Powersports PA & A and OEM Engines ( 11 % of Q4−FY24 revenues ): Revenues from PA & A ( PG & A ) and OEM Engines decreased by $ 87.3 million , or 23.1 %, to $ 291.0 million , compared to $ 378.3 million in 2023 . BRP says the decrease was impacted by lower dealer orders due to a higher level of stock remaining in dealer inventory and unfavorable winter conditions in North America , which impacted the snowmobile riding season and the related PA & A revenues .

Marine ( 3 % of Q4−FY24 revenues ): Revenues from the marine segment dropped to $ 38.4 million ( 29.9 %), to $ 90.1 million , compared to $ 128.5 million in Q4 2023 . The decrease was primarily attributable to a lower volume of products sold , higher sales programs and an unfavorable product mix . The decrease in volume is mainly explained by softer consumer demand in the industry .

NORTH AMERICAN RETAIL SALES BRP ’ s North American retail sales for powersports products decreased by 10 % for Q4 2024 compared to the last fiscal year . This was mainly driven by lower retail sales of snowmobile and PWC for Q4 2024 compared to the same period last fiscal year and late shipments that occurred after peak retail season last year . In addition , unfavorable winter conditions impacted its snowmobile season this fiscal year . The decrease was partially offset by increased ATV / UTV retail sales in Q4 2024 .

Year-Round Products : retail sales increased on a percentage basis in the lowteens range compared to Q4 2023 . However , the industry was only up mid-single digits over the same period .

Seasonal Products : retail sales decreased on a percentage basis in the low-twenties range , even when excluding the Sea-Doo pontoon , compared to last year . The industry saw a drop in the high-teens range over the same period .

BRP ’ s North American retail sales for marine products decreased by 14 % compared to last year as a result of softening consumer demand in the boating industry , the company says .

FULL YEAR 2023 RESULTS Revenues increased by $ 333.6 million , or 3.3 %, to $ 10.3 billion for the twelve-month period ended January 31 , 2024 , compared to $ 10 billion in 2023 . The increase was due to a higher volume of SSVs and ATVs sold , increased deliveries of Sea-Doo pontoons , a favorable product mix across most product lines and favorable pricing across all product lines . The increase was partially offset by higher sales programs , which are mostly due to retail incentives and a lower volume across the remaining product lines . The increase includes a favorable foreign exchange rate variation of $ 187 million .

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Sport Durst Powersports

Durham , North Carolina