Apr. 15 at 10:40 AM
$DOO BRP Inc. suspends fiscal 2027 outlook on U.S. tariff amendment
BRP Inc. last night announced it is suspending its fiscal 2027 guidance following the recent amendment of Section 232 tariffs on steel, aluminum and copper imports into the U.S., which came into effect on April 6. BRP says the amendment leads to a 25% tariff on the total value of imported snowmobiles and the majority of off-road vehicle models, replacing the previous 50% tariff on applicable metal content only. The company estimates the potential incremental tariff cost related to this amendment to be in excess of
$500M for the remainder of the year, before any mitigation measures that could partially offset these impacts.
"Like many manufacturers, we are operating in a highly volatile and unpredictable tariff environment that continues to create uncertainty across the market," said Denis Le Vot, CEO of BRP. "Despite the material burden of these tariff changes, we expect that, with our solid balance sheet, the agility of our teams and the strong start of the year, we will be able to manage our business through this challenge and continue to push BRP forward."
