BRP has reported fiscal year 2026 Q1 results with revenues of $1,846.9m, down by -7.7% compared to last year; net income of $161.0m, an increase of 278.8%; EBITDA of $200.8m, a decrease of 34.7%. Diluted EPS of $0.47 was a decrease of $1.11 per share, and diluted earnings per share of $2.19 was an increase of $1.63 per share, compared to last year. North American retail sales were flat compared to last year, resulting from strong end-of-season retail in Snowmobile, offset by a decrease in Year-Round Products retail mainly due to the industry's slowdown. BRP has agreed to sell Telwater Pty, Ltd. (Australia), and closed the sale of Alumacraft's assets.
The MRF reports that the US House of Representatives has passed two bills crafted to overturn regulations approved by the Biden Administration, allowing California to mandate more electric trucks and cars be sold in the state. "The bills received bipartisan support and will help to protect the internal combustion engine, a top legislative priority for the MRF."
The AMA has added three established racing series to its schedule - J Day Off Road in New York/New England, the Grassroots Off Road Series in Nevada, Idaho and Utah becomes a new AMA Featured Grand Prix Series and the 10-round plus Grand Prix event American Woods Racing Championship Series in Pennsylvania and Ohio all joining the AMA's racing slate this year.
Brembo has released Q1 results showing revenues at € 957m (approx $1,088m) down by -4.7% compared to Q1 2024. EBITDA was € 153.3m at a 16% margin; net profit was € 51.1m. Its net financial debt was € 778.6m, which was up by € 249.1m due to the € 362m Öhlins acquisition. Executive Chairman Matteo Tiraboschi: "Our Q1 results reflect an extremely challenging market context, as we had expected."
Shock absorber manufacturer Fox Factory Holding Corp. (NASDAQ:FOXF) has reported Q1 2025 net sales of $355m, up by $22m or 6.5% over prior year. Net sales increased over prior year across all segments, with Aftermarket Applications Group (AAG), which includes its aftermarket motorcycle shock absorber business, saw net sales up by $10.1m (+9.9%).