earnings
confidence high
sentiment positive
materiality 0.80
Brunswick Q2 GAAP EPS $2.61, adj. $2.82; raises buyback target to $400M
BRUNSWICK CORP
2022-Q1 EPS reported
$4.84
revenue$3,531,300,000
- Net sales $1,835.6M, up 18.1% YoY; GAAP operating earnings $279.0M, adjusted $300.2M.
- Propulsion segment revenue +13%; record sales, operating earnings and margins.
- Boat segment sales +27%; Freedom Boat Club surpasses 360 locations and 50,000 members.
- Narrows FY2022 guidance: adjusted diluted EPS $10.00-$10.30, revenue $6.9B-$7.1B.
- Completed $140M share repurchases in Q2; new $500M authorization; $400M annual target.