07:28 AM EST, 12/04/2025 (MT Newswires) -- BRP (DOO.TO) was up 4.5% and at fresh 52 week highs in U.S. pre-market trading Thursday after third-quarter normalized earnings and revenue beat expectations, prompting it to hike its 2026 guidance, while the company also announced renewal of its normal course issuer bid.

Normalized earnings, which excludes most one-time items, jumped to $117.7 million, or $1.59 per share, from $88.5 million, or $1.20 per share, in the prior year period. The result beat the consensus analyst estimate of $1.26 per share, according to FactSet.

Revenue increased to $2.25 billion, from $1.97 billion, beating the $2.08 billion forecast. The increase was driven by higher off-road vehicle deliveries and favourable product mix following ew products launches. The company noted that North American Powersports retail sales fell 4% over last year.

BRP also hiked its 2026 financial guidance and now expects to generate $8.3 billion total revenue, at the top end of its previous guidance of between $8.15 billion and $8.3 billion. Normalized earnings per share is forecast at $5, above the previously guided $4.25 to $4.75 a share.

"Third-quarter results came in ahead of expectations with significant revenue, profitability and free cash flow increases. This strong performance was fueled by the successful introduction of new industry-leading products which drove market share gains in the SSV and ATV categories in North America. In fact, we recorded our strongest third quarter ever at retail for SSV. Reflecting this solid outcome, we are increasing our guidance for fiscal year 2026," said chief executive Jose Boisjoli.

BRP will pay a quarterly dividend of $0.215 per share on Jan. 14.

The company also said the Toronto Stock Exchange has approved its notice to renew its stock buyback program. BRP may buy back up to 3.13 million shares from Dec. 10, for one year. It did not purchase any shares under its current normal course issuer bid, which ends on Dec. 9.

BRP shares are up US$4.23, to $75 in New York trading.