earnings
confidence high
sentiment neutral
materiality 0.70
Brunswick Q1 net sales down 21.7% to $1.365B; adjusted EPS $1.35, reaffirms FY guidance
BRUNSWICK CORP
2024-Q1 EPS reported
$0.99
revenue$1,365,000,000
- GAAP diluted EPS $1.00, adjusted EPS $1.35; net sales $1.365B, down 21.7% YoY.
- Propulsion segment sales down 23%; Mercury gained 200 bps US outboard market share.
- Full-year guidance reaffirmed: adjusted EPS $7.00-8.00, net sales $6.0-6.2B.
- Q2 guidance: net sales $1.5-1.6B, adjusted EPS $1.85-2.05.
- Completed $400M debt issuance; share repurchases $63.6M in Q1.