earnings
confidence high
sentiment positive
materiality 0.80
Brunswick Q1 adjusted EPS $2.53 beats; raises FY2022 EPS guidance to $9.80-$10.30
BRUNSWICK CORP
2022-Q1 EPS reported
$2.25
revenue$1,695,700,000
- GAAP diluted EPS $2.25, as-adjusted $2.53, up 12.9% YoY; net sales $1.70B, up 18.3%.
- Propulsion sales +7% YoY; Mercury Marine outboard market share gained 310 bps in 24 months.
- Boat segment sales +18%; global field inventory down 6% vs Q1 2021; U.S. down 12%.
- Raised FY2022 adjusted EPS guidance to $9.80-$10.30; increased share repurchase target to $300M.
- Completed $750M debt offering; $80M in share repurchases in Q1; leverage at 1.7x net.