earnings
confidence high
sentiment negative
materiality 0.75
Brunswick Q3 net sales $1.27B (-20.1% YoY); GAAP EPS $0.71, adjusted $1.17; FY2024 adjusted EPS guidance ~$4.50
BRUNSWICK CORP
2024-Q3 EPS reported
$3.14
revenue$4,082,200,000
- Q3 GAAP diluted EPS $0.71 (down 56.4%); adjusted diluted EPS $1.17 (down 51.7%).
- Net sales $1,273.3M, down 20.1% YoY; Propulsion -32%, Boat -19%, Navico Group -14%, Engine P&A -3%.
- Engine Parts & Accessories record 26% operating margin; Freedom Boat Club contributed ~12% of Boat segment sales.
- FY2024 guidance: net sales $5.1-5.2B, adjusted EPS ~$4.50, free cash flow ~$250M, share repurchases ~$200M.
- Credit facility increased to $1.0B, maturity extended to 2029; $190M in share repurchases YTD.