BRP Suspends FY27 Guidance After US Tariff Changes on Snowmobiles and ORVs
BRP Inc. suspended its full-year FY27 financial guidance after the U.S. amended Section 232 tariffs to impose a 25% tariff on imported snowmobiles and most ORV models, creating an estimated $500 million+ cost impact.
>$500 million
What Happened
BRP Inc. announced it is suspending its full-year FY27 guidance following the U.S. amendment of Section 232 tariffs on steel, aluminum, and copper imports, effective April 6, 2026. The amendment applies a 25% tariff on the total value of imported snowmobiles and most ORV models, replacing the previous 50% tariff on metal content only. BRP estimates the incremental tariff cost for the remainder of the year will exceed $500 million before any mitigation measures.
U.S. tariff amendment takes effect, imposing 25% tariff on total value of snowmobiles and most ORVs.
BRP suspends FY27 guidance due to tariff environment.
“Like many manufacturers, we are operating in a highly volatile and unpredictable tariff environment that continues to create uncertainty across the market.”
>$500 millionUSD
For the remainder of FY27 before mitigation.
Why this matters
The tariff changes significantly increase BRP's costs, forcing it to pause its financial outlook, highlighting the broader uncertainty trade policy creates for manufacturers.
Terms in This Story
- Section 232 tariffs
- Tariffs imposed under Section 232 of the U.S. Trade Expansion Act, based on national security concerns, applied here to steel, aluminum, and copper imports.
- ORV
- Off-road vehicle, such as ATVs and side-by-sides.
Summarised from the linked release; details can be imperfect — always verify against the original source.