earnings
confidence high
sentiment positive
materiality 0.65
Brunswick Q3 record: sales +19% to $1.7B, adj EPS $2.67; FY guidance $10.00
BRUNSWICK CORP
2022-Q3 EPS reported
$7.04
revenue$5,229,500,000
- Q3 net sales $1,698.2M (+19% YoY); GAAP EPS $2.26, adjusted EPS $2.67 (+29% YoY).
- Propulsion sales +14%, P&A +19%, Boat +27% YoY; all three segments grew.
- Hurricane Ian: ~10 Freedom Boat Club locations may not reopen until 2023, 100+ boats damaged; Florida facilities mostly operational.
- Mercury had 2,500 mid-range outboards awaiting one component; supply chain issues; gained 100 bps US outboard retail share.
- FY2022 guidance: net sales ~$6.9B, adjusted EPS ~$10.00, Q4 adj EPS growth >30% vs Q4 2021.