Brunswick Q2 net sales $1.70B (-7.3%); GAAP EPS $1.91, adj. $2.35; FY adj. EPS guid. ~$9.50

BRUNSWICK CORP

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

GAAP diluted EPS $1.91 (down 26.8% YoY); adjusted diluted EPS $2.35 (down 16.7% YoY).
Net sales $1,702.3M, down 7.3% YoY; IT security incident in June disrupted production, primarily in propulsion.
Propulsion sales -4%, Engine P&A -13%, Navico Group -20%, Boat -1%; Boat delivered 5th consecutive double-digit adj. op. margin.
Updated FY2023 guidance: net sales $6.7-$6.8B, adj. EPS ~$9.50; Q3 adj. EPS expected $2.35-$2.45.
IT incident resolved within 9 days; no significant residual impacts; free cash flow YTD $144M higher vs. H1 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRUNSWICK CORP reported the second quarter 2023 results: revenue $1,702.3 million, EPS $1.91.

Period: the second quarter 2023
Revenue: $1,702.3 million
EPS: $1.91
Result: reported results

Exact text from the filing

and Exchange Commission on April 10, 2023 for more information. 2023 Second Quarter Results For the second quarter of 2023, Brunswick reported consolidated net sales of $1,702.3 million, down from $1,835.6 million in the second quarter of 2022. Diluted EPS for the quarter was $1.91 on a GAAP basis and $2.35 on an adjusted basis. Second quarter sales were below

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Source: SEC EDGAR

accession 0000014930-23-000152

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