BRP Inc. (DOO) suspends FY27 guidance after U.S. tariffs add $500M+ costs
Rhea-AI Filing Summary
BRP Inc. is suspending its full-year FY27 financial guidance after the U.S. amended Section 232 tariffs on Steel, Aluminum and Copper imports, effective April 6, 2026. The change imposes a 25% tariff on the total value of imported snowmobiles and most off-road vehicle models, instead of the previous 50% tariff on metal content only.
BRP currently estimates the potential incremental tariff cost from this amendment to be in excess of $500 million for the remainder of the year, before any mitigation actions. Management acknowledges the material burden but highlights the company’s solid balance sheet, team agility and strong start to the year as support to navigate this environment.
Positive
- None.
Negative
- Suspension of FY27 guidance: BRP has withdrawn its full-year FY27 outlook due to U.S. tariff changes, reducing visibility into future revenue and earnings.
- Large incremental tariff burden: The company estimates potential incremental tariff costs in excess of $500 million for the remainder of the year, which could materially pressure profitability before any mitigation.
Insights
Guidance suspension and $500M+ tariff hit are clearly adverse for BRP.
BRP has suspended its FY27 guidance because of amended U.S. Section 232 tariffs that now apply a 25% duty on the total value of imported snowmobiles and most ORV models. This significantly alters cost visibility for a key market.
The company estimates incremental tariff costs in excess of $500 million for the remainder of the year, before any offsets. That figure is large relative to the business and directly pressures margins and earnings. Suspending guidance signals that management cannot reliably quantify full financial impacts yet.
Management points to a solid balance sheet, agile execution and a strong start to the year as support to handle these headwinds. Future disclosures in company filings may clarify how much of the incremental cost is mitigated through pricing, sourcing changes or other measures and how quickly those levers take effect.
Key Figures
Key Terms
Section 232 tariffs regulatory
forward-looking statements regulatory
Management’s Discussion and Analysis financial
powersports products technical
ORV models technical
forward-looking regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2026
Commission File Number: 001-38648
BRP INC.
(Translation of registrant’s name into English)
726 Saint-Joseph Street
Valcourt, Quebec, Canada
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press release of BRP Inc., dated April 14, 2026 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BRP Inc.
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| By: | /s/ Martin Langelier | |
| Name: | Martin Langelier | |
| Title: | Chief Legal Officer & Corporate Services |
Date: April 14, 2026
Exhibit 99.1
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PRESS RELEASE For immediate distribution
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BRP Suspends FY27 Guidance Due to Changes to U.S. Tariff Environment
Valcourt, Quebec, April 14, 2026 – BRP Inc. (TSX/NASDAQ: DOO) today announced it is suspending its full-year FY27 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, 2026. For BRP, the amendment mainly leads to a 25% tariff on the total value of imported snowmobiles and the majority of ORV models, replacing the previous 50% tariff on applicable metal content only. The Company currently estimates the potential incremental tariff cost related to this amendment to be in excess of $500 million 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, President and 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.”
Caution Concerning Forward-Looking Statements
Certain statements included in this press release, including, but not limited to, statements relating to the Company’s guidance, expectations, future operating or financial performance, plans, objectives, priorities, strategies, anticipated market conditions, and the decision to suspend financial guidance, constitute “forward-looking statements” within the meaning of applicable securities laws.
The words “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indicates”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely”, “potential”, “aims”, “targets”, “strives”, “goal” or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements are based on assumptions and are subject to inherent risks and uncertainties, both general and specific, made by the Company in light of its experience, current and past practices and perception of historical trends, as well as expectations and assumptions regarding future developments, which may cause actual results to differ materially from those expressed or implied by such statements.
Forward-looking statements cannot be relied upon due to, among other things, changing external events, macroeconomic and industry conditions, and general uncertainties inherent to the Company’s business and strategic planning, which are amplified in the current environment.
Forward-looking statements are subject to numerous factors, many of which are beyond BRP’s control, including those described under the heading “Risk Factors” in the Company’s most recent Management’s Discussion and Analysis and other BRP’s filings made with the securities regulatory authorities in each of the provinces and territories of Canada and the United States, available on SEDAR+ at sedarplus.com or EDGAR at sec.gov, respectively. The forward-looking statements contained in this press release are made as of the date of the press release (or as of the dates otherwise specifically stated), and are subject to change after such date. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements to reflect future events, changes in circumstances, or changes in assumptions or beliefs, unless required by applicable securities regulations.
About BRP
BRP Inc. is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its product lines with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Headquartered in Quebec, Canada, BRP had annual sales of CA$8.4 billion from over 110 countries and employed close to 17,000 driven, resourceful people as of January 31, 2026.
www.brp.com
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
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| For media enquiries: | For investor relations: | |
| Emilie Proulx |
Philippe Deschênes | |
| Media Relations |
Investor Relations | |
| media@brp.com |
philippe.deschenes@brp.com | |
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