Q2 revenues down 34% for Seadoo manufacturer, BRP

Bombardier Recreational Products (BRP), the parent company of brands including Alumacraft, Manitou, Sea-Doo, Rotax and Quintrex, has presented its second quarter results for 2025, with revenues down 33.7 per cent compared to last year. The Canadian boat and powersports equipment manufacturer says its results are ‘inline with expectations’ with seasonal products including Sea-Doo down 40 per cent.

The Quebec-headquartered company reported a net income of $7.2 million, a decrease of $331.5 million compared to last year (all financial information is in Canadian dollars unless otherwise noted).

BRP reported revenues of $1.84 billion, reflecting a 33.7 per cent year-on-year decline. The decrease in sales, the company says, has been primarily driven by lower volumes across all product lines as it focuses on optimising inventory levels across its distribution network.

For the three-month period ended July 31, 2024, sales for BRP’s year-round products division, representing 54 per cent of overall sales, decreased by 33 per cent year on year (YoY) while sales of seasonal products, which includes the company’s pontoon boat and Sea-Doo business declined by 40 per cent YoY. The season products division represents 29 per cent of total revenues.

José Boisjoli, president and CEO of BRP, says: “Our results were in line with expectations and reflect our ongoing focus on reducing network inventory to maintain our dealer value proposition. We have made great strides on that front, but the retail environment is more challenging with the economic context pressuring consumer demand. As such, our priority is to continue to proactively manage production and inventory levels, which leads us to revise our year-end guidance. We are coming off a successful dealer event, during which we introduced industry-leading innovations, including our Can-Am electric motorcycles, reflecting our ongoing commitment to investing in R&D. Looking ahead, we have every confidence in our long-term strategy, and remain focused on building a strong future. We are best positioned to stay on top as we continue leveraging our solid business fundamentals.”

BRP says it has continued to enhance its existing product lines, namely with the introduction of the new Can-Am Outlander 850 and 1000R ATVs, the Can-Am Maverick R Max SSV lineup, the Sea-Doo FishPro Apex, the Sea-Doo Switch Fish pontoon, and the 2025 Alumacraft Competitor and Trophy boat models, as well as with the launch of the new Can-Am Canyon 3-wheel vehicle. 

The complete financial results are available on SEDAR+ and EDGAR as well as in the quarterly reports section of BRP’s website.