earnings
confidence high
sentiment positive
materiality 0.85
Brunswick reports record Q2: GAAP EPS $2.29, adj. EPS $2.52; raises FY adj. EPS guide to ~$8.00
BRUNSWICK CORP
2021-Q2 EPS reported
$4.44
revenue$2,988,000,000
- Net sales $1,554.8M, up 57.4% YoY; Propulsion +64%, Parts & Acc. +42%, Boat +80%.
- GAAP operating earnings $250.2M (+133.8%); adjusted operating earnings $266.4M (+126.0%).
- Adjusted diluted EPS guidance raised to ~$8.00 for full-year 2021; free cash flow expected >$450M.
- Announced definitive agreement to acquire Navico to strengthen ACES digital strategy.
- Board increased share repurchase authorization to over $400M; extended credit facility to $500M.