BRP Inc. says it delivered better than anticipated results despite the economic environment, leaving it confident enough to issue full-year guidance.
“Since we are starting to see the benefit of our action, and despite ongoing volatility, we are comfortable issuing guidance," said outgoing president and chief executive José Boisjoli on an earnings call Friday.
"We are confident that the momentum generated by our new product introduction will allow us to deliver a stronger second half of the year."
The Ski-Doo and Sea-Doo maker says its second-quarter profit amounted to $57.1 million or 79 cents per diluted share for the quarter ended July 31. The result compared with a profit of $42 million or 55 cents per diluted share a year earlier.
BRP shares were trading more than eight per cent h