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BRP Reports Fiscal Year 2022 First Quarter Results
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Solid retail performance in North America with Powersports retail sales up 39%, compared to the same period last year
Revenues of $1,809 million, up 47% compared to the same period last year
Net income of $244 million, or diluted earnings per share of $2.79
Normalized diluted EPS
Tripled Normalized EBITDA
[1] to $379 million, compared to the same period last year
Net debt reimbursement of approximately US$300 million and returned $289 million to shareholders through regular dividend and share repurchases
Annual guidance increased with Normalized EPS growth of 44% to 58% ($7.75 to $8.50) compared to last year
E-PWC are Almost Here
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Electric personal watercraft are becoming viable alternatives to existing models
So far, companies moving toward electric personal watercraft have stuck only a proverbial technological toe in the water, but the recent announcement that Sea-Doo is planning to jump into the market indicates that e-PWC could be a mainstream option for consumers in the near future.
The auto industry, with its ample funding for research and development, has long been the bellwether for many of boating’s technological propulsion innovations. Electric power is the new big deal for two- and four-wheel vehicles alike. Electric motors can already deliver plenty of torque-laden power, but the drag of a PWC hull on the water furiously devours this electric power, compared with the low resistance of rolling wheels on pavement. Another reason electric power is taking longer to enter the PWC market is that the craft have limited space to carry more batteries. Adequate power suppl
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