BRP’s 2Q Revenues Down
September 16, 2005
Filed under Uncategorized
Bombardier Recreational Products Inc. (BRP), Valcourt, Québec, Canada, reported consolidated revenues of $467.3 million for its second quarter ended July 31, a decrease of $106.5 million when compared to consolidated revenues of $573.8 million for the second quarter of fiscal 2005.
Consolidated gross profit reached $80.1 million for quarter, down from consolidated gross profit of $97.2 million for the three-month period ended July 31, 2004.
Operating expenses, comprised of selling and marketing, research and development and general and administrative expenses, amounted to $97.4 million for the three-month period ended July 31, a $13.8 million increase compared to $83.6 million for the second quarter of fiscal 2005.
BRP’s consolidated adjusted EBITDA reached $19.8 million.
The company posted a net loss of $1.7 million for the period, compared to net income of $28.5 million for the same period last year.
BRP operates in two segments: the Powersports segment includes snowmobiles, watercraft, all-terrain vehicles, sport boats and Rotax engines; the Marine Engines segment includes outboard engines.