secwatch.observer — SEC 8-K summary
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Issuer:     BRUNSWICK CORP (BC)
CIK:        0000014930
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000014930-24-000120
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brunswick Q2 GAAP EPS $1.55, adj $1.80; cuts FY24 guidance to $5.00-$5.50 adj EPS
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- Net sales $1.44B, down 15% YoY; GAAP diluted EPS $1.55, as adjusted $1.80.
- Propulsion sales -21%, Boat segment -23%; Engine P&A +2%, Navico Group -8%.
- FY24 guidance lowered: net sales $5.2-$5.4B, adj EPS $5.00-$5.50, free cash flow >$350M.
- CEO cites persistent high interest rates; retail unit sales now expected down ~10% vs flat.
- Deployed $170M for share repurchases YTD; reducing year-end boat inventory by ~1,500 units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14930/000001493024000120/0000014930-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14930/000001493024000120/bcorp-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000014930-24-000120

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