07:24 AM EDT, 03/26/2026 (MT Newswires) -- BRP (DOO.TO) reported fourth-quarter normalized net income doubled as revenue rose. The company also hiked its dividend to $0.25 per share.

The Canadian recreational vehicle manufacturer said normalized net income, which excludes most one-time items, jumped to $163.3 million, or $2.21 per normalized diluted share, from $76.8 million, or $1.05 per share, from the prior year period. Analysts polled by FactSet had forecast $2.04 per share.

Revenue jumped 16% to $2.45 billion, beating the $2.34 billion forecast. The increase was driven by a favourable off road vehicle (ORV) product mix, and higher ORV and personal watercraft (PWC) shipments.

For 2027, the company is guiding to total company revenue of $8.9 billion to $$9.15 billion, up from $8.44 billion in fiscal 2026. The company is forecasting normalized diluted earnings per share of between $5.50 to $6.50.

The company will pay the higher quarterly dividend of $0.25 on April 24 (from $0.215), to shareholders of record on April 10.