BRP suspends fiscal 2027 guidance after US tariff changes

BRP Inc. (TSX/NASDAQ: DOO) suspended its full-year fiscal 2027 guidance following amendments to Section 232 tariffs on steel, aluminum and copper imports into the United States that took effect April 6, 2026.

The tariff amendment imposes a 25% tariff on the total value of imported snowmobiles and most off-road vehicle models, replacing the previous 50% tariff that applied only to applicable metal content. The company estimates the potential incremental tariff cost from this change could exceed $500 million for the remainder of the year, before any mitigation measures.

"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, president and chief executive of BRP.

Le Vot added that the company expects to manage through the tariff changes with its balance sheet position, operational flexibility and performance in the early part of the year.

The guidance suspension affects the recreational vehicle manufacturer's financial projections as it assesses the impact of the new tariff structure on its imported products.

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