Brunswick reports record FY2022 revenue and earnings; guides FY2023 EPS $9.50-$11.00

BRUNSWICK CORP

2022-FY EPS reported $9.00 revenue$6,812,200,000

Full-year net sales $6,812M (+16.5% YoY); GAAP diluted EPS $9.06; adjusted diluted EPS $10.03 (+21.1%).
Q4 net sales $1,582.7M (+10.6% YoY); GAAP diluted EPS $1.93; adjusted diluted EPS $1.99 (+38.2%).
Propulsion segment sales +17% in Q4; boat segment adjusted operating margin hit 10.2% for full year.
2023 guidance: net sales $6.8-7.2B; adjusted diluted EPS $9.50-$11.00; free cash flow >$375M.
Mercury outboard gained ~300 bps U.S. retail share since Dec 2019; Fond du Lac capacity expansion materially complete.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRUNSWICK CORP reported full-year 2022 results: revenue $6,812.2, EPS $9.06. Guidance initiated.

Period: full-year 2022
Revenue: $6,812.2
EPS: $9.06
Guidance: initiated
Result: reported results

Exact text from the filing

FY 2022 in millions (except per share data) GAAP Change As Adjusted Change Net Sales $ 6,812.2 16.5 % $ 6,812.2 16.5 % Operating Earnings $ 947.8 16.6 % $ 1,048.7 18.3 % Operating Margin 13.9 % — bps 15.4 % 20 bps Diluted EPS from Continuing Operations $ 9.06 19.4 % $ 10.03 21.1 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRUNSWICK CORP reported fourth quarter 2022 results: revenue $1,582.7 million, EPS $1.93. Guidance initiated.

Period: fourth quarter 2022
Revenue: $1,582.7 million
EPS: $1.93
Guidance: initiated
Result: reported results

Exact text from the filing

For the fourth quarter of 2022, Brunswick reported consolidated net sales of $1,582.7 million, up from $1,431.0 million in the fourth quarter of 2021. Diluted EPS for the quarter was $1.93 on a GAAP basis and $1.99 on an as adjusted basis.

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Source: SEC EDGAR

accession 0000014930-23-000009

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