Core Insights - BRP Inc. reported a solid second-quarter performance with revenues of CAD 1,888.2 million, a 4.3% increase year-over-year, and a net income of CAD 57.1 million, reflecting a 36.0% increase compared to the previous year [8][21][23]. Financial Performance - Revenues for the three-month period ended July 31, 2025, were CAD 1,888.2 million, up from CAD 1,811.1 million in the same period last year [6][13]. - Gross profit decreased slightly to CAD 397.7 million, with a gross profit margin of 21.1%, down from 22.0% [6][18]. - Normalized EBITDA fell to CAD 213.2 million, a decrease of 9.2% from CAD 234.9 million [6][20]. - Net income increased to CAD 57.1 million, compared to CAD 42.0 million in the previous year [6][21]. - Diluted earnings per share rose to CAD 0.79, an increase of CAD 0.24 per share year-over-year [6][8]. Segment Performance - Year-Round Products revenues increased by CAD 128.8 million, or 13.1%, to CAD 1,113.8 million [16]. - Seasonal Products revenues decreased by CAD 72.1 million, or 13.3%, to CAD 469.7 million [16]. - Revenues from PA&A and OEM Engines increased by CAD 20.4 million, or 7.2%, to CAD 304.7 million [16]. Market Outlook - The company anticipates a solid second half of the fiscal year, supported by a comprehensive product portfolio and improved inventory levels [4][3]. - Full-year revenue guidance is set between CAD 8.1 billion and CAD 8.3 billion, with normalized diluted earnings per share expected between CAD 4.25 and CAD 4.75 [8][9]. Cash Flow and Capital Expenditures - Consolidated net cash flows from operating activities totaled CAD 373.1 million for the six-month period ended July 31, 2025, compared to CAD 232.0 million in the previous year [28]. - The company invested CAD 119.1 million in capital expenditures for new product introductions and software modernization [29]. Dividend Declaration - The Board of Directors declared a quarterly dividend of CAD 0.215 per share, payable on October 14, 2025 [30].