secwatch.observer — SEC 8-K summary
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Issuer:     BRUNSWICK CORP (BC)
CIK:        0000014930
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000014930-23-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14930/000001493023000152/0000014930-23-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14930/000001493023000152/bcorp-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000014930-23-000152

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