BRP Withdraws Financial Outlook Amid $500M Tariff Impact, Shares Fall 33%
BRP's U.S.-listed shares fell 33% at the start of the U.S. cash session, marking the largest single-day decline since August 2013. The company, a maker of jet skis and snowmobiles, withdrew its financial outlook amid U.S. tariff changes on steel, aluminum, and copper. BRP estimates a potential $500 million cost for the remainder of the year before mitigation.
montrealgazette.comU.S. cash session on April 15, 2026. This decline represents the most on record with Bloomberg trading data going back to August 2013. The drop followed BRP's withdrawal of its financial outlook. BRP is a jet ski and snowmobile maker.
U.S. tariff environment surrounding steel, aluminum, and copper could result in a $500 million hit before any mitigation efforts. BRP 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.
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.
ZeroHedge reported these details in an article published on April 15, 2026, at 10:50.
Le Vot also stated: "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.
" BRP shares began a bull run in April 2025 and peaked in February. The shares are down 25% so far this year.
data shows 12 'Buys,' 9 'Holds,' and zero 'Sells' from Wall Street analysts for BRP.
The average analyst 12-month price target for BRP is $82.
