BRP, Inc., the Quebec, Canada-based parent of the Ski-Doo, Sea-Doo and Lynx power sports brands, is suspending its full-year fiscal year 2027 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 percent tariff on the total value of imported snowmobiles and the majority of ORV models, replacing the previous 50 percent tariff on applicable metal content only,”BRP said in a media statement. “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.”
Company President and CEO Denis Le Vot commented, “Like many manufacturers, we are operating in a highly volatile and unpredictable tariff environment that continues to create uncertainty across the market. 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.”
Image courtesy Sea-Doo/BRP, Inc.
