Brunswick Q4 sales $1.36B, adj EPS $1.45; FY adj EPS $8.80, 2024 outlook $7-8

BRUNSWICK CORP

2023-FY EPS reported $5.96 revenue$6,401,400,000

Full-year 2023 net sales $6.4B (-6% YoY), GAAP diluted EPS $6.13 (-32%), adjusted diluted EPS $8.80 (-12%).
Q4 2023 net sales $1.36B (-14% YoY), GAAP diluted EPS $1.03 (-47%), adjusted diluted EPS $1.45 (-27%).
2024 guidance: net sales $6.0-6.2B, adjusted diluted EPS $7.00-8.00, free cash flow >$350M, Q1 rev $1.3-1.4B.
Segment: Propulsion sales -12% (outboard share +50 bps total, +150 bps >30HP); Boat -22%; Navico -17%; Engine Parts & Accessories -1%.
Operating cash flow $745M (up $165M); capex $289M; share repurchases $275M; dividends $112M; board authorizes >$500M buybacks.

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 fourth quarter 2023 results: revenue $ 1,361.9, EPS $1.03. Guidance initiated.

Period: fourth quarter 2023
Revenue: $ 1,361.9
EPS: $1.03
Guidance: initiated
Result: reported results

Exact text from the filing

Fourth Quarter 2023 Highlights: Q4 2023 in millions (except per share data) GAAP Change vs Q4'22 As Adjusted Change vs Q4'22 Net Sales $ 1,361.9 (14.0) % $ 1,361.9 (14.0) % Operating Earnings $ 108.3 (43.5) % $ 141.9 (29.8) % Operating Margin 8.0 % (410) bps 10.4 % (240) bps Diluted EPS from Continuing Operations $ 1.03 (46.6) % $ 1.45 (27.1) %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRUNSWICK CORP reported full-year 2023 results: revenue $ 6,401.4, EPS $6.13. Guidance initiated.

Period: full-year 2023
Revenue: $ 6,401.4
EPS: $6.13
Guidance: initiated
Result: reported results

Exact text from the filing

2023 Full-Year Highlights: FY 2023 in millions (except per share data) GAAP Change vs FY'22 As Adjusted Change vs FY'22 Net Sales $ 6,401.4 (6.0) % $ 6,401.4 (6.0) % Operating Earnings $ 734.9 (22.5) % $ 869.3 (17.1) % Operating Margin 11.5 % (240) bps 13.6 % (180) bps Diluted EPS from Continuing Operations $ 6.13 (32.3) % $ 8.80 (12.3) %

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BRUNSWICK CORP filing history →

Source: SEC EDGAR

accession 0000014930-24-000007

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