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BRP Reports Fiscal Year 2022 First Quarter Results
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Solid retail performance in North America with Powersports retail sales up 39%, compared to the same period last year
Revenues of $1,809 million, up 47% compared to the same period last year
Net income of $244 million, or diluted earnings per share of $2.79
Normalized diluted EPS
Tripled Normalized EBITDA
[1] to $379 million, compared to the same period last year
Net debt reimbursement of approximately US$300 million and returned $289 million to shareholders through regular dividend and share repurchases
Annual guidance increased with Normalized EPS growth of 44% to 58% ($7.75 to $8.50) compared to last year
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Jacques Gratton/The Globe and Mail
Brazil’s Votorantim Cimentos SA is taking control of the McInnis Cement plant in Quebec, a controversial project championed by Bombardier Inc.’s founding family that will likely result in hundreds of millions of dollars worth of losses for Quebec taxpayers.
The world’s sixth-biggest cement producer will buy control of the new facility in the Gaspé town of Port-Daniel-Gascons from pension fund giant Caisse de dépôt et placement du Québec and combine it with its existing St. Mary’s Cement Inc. operations in Canada, the company and the pension fund said in a joint statement Thursday. Votorantim will hold 83 per cent of the shares in the new venture while the Caisse will h
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