earnings
confidence high
sentiment neutral
materiality 0.80
Brunswick Q3 GAAP EPS $1.63, adj $2.42; FY adj EPS guide ~$9.00
BRUNSWICK CORP
2023-Q3 EPS reported
$5.07
revenue$5,039,500,000
- Net sales $1,593.6M down 6.2% YoY; GAAP op earnings $196.1M down 17.5%; GAAP diluted EPS $1.63 down 27.9%.
- Adjusted diluted EPS $2.42 down 9.4%; adjusted op margin 14.4% down 200 bps.
- Propulsion segment sales up 1% on high-hp outboards; Boat segment sales down 16%.
- FY23 guidance: net sales $6.45-6.5B, adj diluted EPS ~$9.00, free cash flow >$375M.
- YTD free cash flow $233M above prior year; share repurchases $220M in nine months.