BRP Inc. (NASDAQ:DOOO) Q4 2023 Earnings Conference Call March 23, 2023 9:00 AM ET

Company Participants

Philippe Deschenes - IR

Jose Boisjoli - President and CEO

Sebastien Martel - CFO

Conference Call Participants

Mark Petrie - CIBC

Robin Farley - UBS

Sean Wagner - Citigroup

Martin Landry - Stifel

Xian Siew - BNP Paribas

Craig Kennison - Baird

Jonathan Goldman - Scotiabank

Fred Wightman - Wolfe Research

Joe Altobello - Raymond James

Jamie Katz - Morningstar

Derek Dley - Canaccord

Cameron Doerksen - National Bank Financial

Brian Morrison - TD Securities

Sabahat Khan - RBC Capital Markets

Operator

Good morning, ladies and gentlemen. Welcome to the BRP Inc.'s FY23 Fourth Quarter Results Conference Call. [Operator Instructions] I will now like to turn the meeting over to Mr. Philippe Deschenes. Please go ahead, Mr. Deschenes.

Philippe Deschenes

Thank you, Judy. Good morning and welcome to BRP's conference call for the fourth quarter of fiscal year '23. Joining me this morning, are Jose Boisjoli, President and Chief Executive Officer and Sebastien Martel, Chief Financial Officer.

Before we move to the prepared remarks, I would like to remind everyone that certain forward-looking statements will be made during the call and that actual results could differ from those implied in the statements. The forward-looking information is based on certain assumptions and is subject to risk and uncertainties. And I invite you to consult BRP's MD&A for a complete list of these.

Also, during the call, reference will be made to supporting slides and you can find the presentation on our website at brp.com under the Investor Relations section.

So with that, I'll turn the call over to Jose.

Jose Boisjoli

Thank you, Phil. Good morning, everyone. And thank you for joining us. Please turn to Slide 4. I am very pleased with our Q4 performance, which was our strongest quarter ever. It allowed BRP to conclude fiscal year '23 with record sales, normalized EBITDA and normalized EPS.

It was a very dynamic year, marked by our ability to respond to continued strong demand for innovative products, while showing tremendous resilience by working to supply chain pressure and a cyber incident. Our teams once again demonstrated its incredible activity. We adapted to evolving market condition and executed diligently in a challenging environment. As a result, we've delivered solid retail growth and outpaced competition by recording an exceptional five percentage point market share gain in North American Powersports industry.