earnings
confidence high
sentiment positive
materiality 0.85
Brunswick reports record FY2021 EPS $7.59 GAAP, $8.28 adj.; guides FY2022 adj. EPS $9.60-$10.25
BRUNSWICK CORP
2020-FY EPS reported
$7.57
revenue$5,846,200,000
- FY2021 net sales $5.85B (+34.5% YoY); GAAP diluted EPS $7.59, adj. diluted EPS $8.28.
- Q4 2021 net sales $1.43B (+23.2% YoY); GAAP EPS $1.31, adj. EPS $1.44.
- Propulsion sales +12%, P&A +40% (+4% organic); Boat sales +14% in Q4.
- 2022 guidance: net sales $6.7-7.0B, adj. EPS $9.60-$10.25, FCF >$350M, capex >$375M.
- Mercury gained 160 bps U.S. retail share in 2021; >500 bps share gains in >200hp engines.