Brunswick Q1 GAAP EPS $1.56; Adj EPS $2.57; Sales $1.74B; Reaffirms FY Adj EPS $9.50-$11.00

BRUNSWICK CORP

2023-Q1 EPS reported $1.56 revenue$1,743,600,000

Net sales $1,743.6M, up 2.8% YoY; GAAP operating earnings $236.1M, down 1.4%.
Propulsion sales up 7% on high-horsepower outboard production; Boat sales up 17%.
Engine P&A sales down 13%; Navico Group sales down 11% due to retailer and RV OEM softness.
Free cash flow improved $135M YoY; $60M in share repurchases in Q1.
Q2 adjusted EPS guided $2.60-$2.70; FY sales guided $6.8B-$7.2B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRUNSWICK CORP reported first quarter 2023 results: revenue $1,743.6 million, EPS $1.56 on a GAAP basis and $2.57 on an adjusted basis. Guidance reaffirmed.

Period: first quarter 2023
Revenue: $1,743.6 million
EPS: $1.56 on a GAAP basis and $2.57 on an adjusted basis
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Securities and Exchange Commission on April 10, 2023 for more information. 2023 First Quarter Results For the first quarter of 2023, Brunswick reported consolidated net sales of $1,743.6 million, up from $1,695.7 million in the first quarter of 2022. Diluted EPS for the quarter was $1.56 on a GAAP basis and $2.57 on an adjusted basis. Sales in each segment benefited from

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Source: SEC EDGAR

accession 0000014930-23-000087

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