BRP Shares Drop 20% After Tariff Shift

BRP Inc. shares fell about 20% on April 15, 2026 after suspending fiscal 2027 guidance.
The U.S. Section 232 amendment, effective April 6, adds a 25% duty on total value of imported snowmobiles and most off‑road vehicles.
BRP estimates the tariff change will add over $500 million in incremental costs for the rest of fiscal 2027 before any mitigation.
CEO Denis Le Vot said the company will rely on its strong balance sheet and agility to manage the higher cost burden.