Brunswick prelim Q2 adj EPS $2.30-2.35; FY guide cut to ~$9.50 on IT incident

BRUNSWICK CORP

2023-Q2 EPS reported $3.46 revenue$3,445,900,000

Revenue ~$1.7B; GAAP EPS $1.85-1.90; Adj EPS $2.30-2.35, below guidance due to June IT security incident.
Full-year adj EPS guidance lowered to ~$9.50 from prior expectation; cautious H2 outlook.
Propulsion & Engine P&A segments hardest hit; limited Q2 recovery due to timing of disruption.
CEO cites lost high-horsepower outboard production; expects difficulty recovering in H2.

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 0.95

BRUNSWICK CORP reported the full year results: EPS approximately $9.50.

Period: the full year
EPS: approximately $9.50
Result: guidance update

Exact text from the filing

These factors, coupled with our disciplined management of inventory levels across our businesses as we plan forward, direct our full-year Adjusted EPS expectations to now be approximately $9.50.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRUNSWICK CORP reported the fiscal second quarter ended July 1, 2023 results: revenue approximately $1.7B, EPS GAAP EPS in the range of $1.85 to $1.90 and Adjusted EPS in the range of $2.30 to $2.35.

Period: the fiscal second quarter ended July 1, 2023
Revenue: approximately $1.7B
EPS: GAAP EPS in the range of $1.85 to $1.90 and Adjusted EPS in the range of $2.30 to $2.35
Result: preliminary results

Exact text from the filing

Brunswick Corporation (NYSE: BC) today announced preliminary financial results for the fiscal second quarter ended July 1, 2023, anticipating: • Revenue of approximately $1.7B. • GAAP EPS in the range of $1.85 to $1.90 and Adjusted EPS in the range of $2.30 to $2.35; and • Strong Free Cash Flow generation.

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Source: SEC EDGAR

accession 0000014930-23-000148

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