Christopher Drees
Christopher Drees, current Executive Vice President and President, Mercury Marine, who informed the Company on February 2, 2023 that he is leaving the Company effective March 3, 2023.
Highest-materiality recent filing
Brunswick Q2 GAAP EPS $1.66, adj. EPS $1.56; raises FY2026 guidance to $4.35-$4.75
Net sales $1,557.8M (+7.7% YoY); GAAP diluted EPS $1.66 (+84.4% YoY); adj. diluted EPS $1.56 (+34.5% YoY).
Brunswick Q1 revenue up 13% to $1.38B; adj. EPS $0.70 beats; raises FY outlook to $4.00-$4.50
Net sales $1,378.1M (+13% YoY); GAAP EPS $0.32; adjusted EPS $0.70 (+25% YoY).
Full-year 2025 net sales $5,362.8M (+2.4% YoY); GAAP EPS $(2.06), adjusted EPS $3.27 (-28.4% YoY).
Brunswick Q3 sales up 6.8% to $1.36B; GAAP EPS $(3.57) on impairment, adjusted EPS $0.97
GAAP diluted EPS $(3.57) due to impairment charges; adjusted diluted EPS $0.97, down 17.1% YoY.
Brunswick Q2 adj EPS $1.16, sales flat; maintains FY adj EPS ~$3.25; record cash flow
GAAP diluted EPS $0.90; as adjusted EPS $1.16, down 35.6% YoY from $1.80.
Brunswick Q1 net sales -10.5% YoY, GAAP EPS $0.30, adjusted EPS $0.56; FY25 guidance $2.50-$4.00
Q1 net sales $1,221.8M (-10.5% YoY); GAAP diluted EPS $0.30; adjusted diluted EPS $0.56 (-58.5% YoY).
Brunswick Q4 net sales $1.15B (-15% YoY); FY24 adj EPS $4.57; guides FY25 adj EPS $3.50-$5.00
Q4 2024 GAAP net sales $1,154.9M (down 15.2% YoY); GAAP diluted EPS -$1.07; adjusted EPS $0.24 (down 83.4%).
Q3 GAAP diluted EPS $0.71 (down 56.4%); adjusted diluted EPS $1.17 (down 51.7%).
Brunswick Q2 GAAP EPS $1.55, adj $1.80; cuts FY24 guidance to $5.00-$5.50 adj EPS
Net sales $1.44B, down 15% YoY; GAAP diluted EPS $1.55, as adjusted $1.80.
Brunswick Q1 net sales down 21.7% to $1.365B; adjusted EPS $1.35, reaffirms FY guidance
GAAP diluted EPS $1.00, adjusted EPS $1.35; net sales $1.365B, down 21.7% YoY.
Brunswick Q4 sales $1.36B, adj EPS $1.45; FY adj EPS $8.80, 2024 outlook $7-8
Full-year 2023 net sales $6.4B (-6% YoY), GAAP diluted EPS $6.13 (-32%), adjusted diluted EPS $8.80 (-12%).
Brunswick Q3 GAAP EPS $1.63, adj $2.42; FY adj EPS guide ~$9.00
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%.
Brunswick Q2 net sales $1.70B (-7.3%); GAAP EPS $1.91, adj. $2.35; FY adj. EPS guid. ~$9.50
GAAP diluted EPS $1.91 (down 26.8% YoY); adjusted diluted EPS $2.35 (down 16.7% YoY).
Brunswick prelim Q2 adj EPS $2.30-2.35; FY guide cut to ~$9.50 on IT incident
Revenue ~$1.7B; GAAP EPS $1.85-1.90; Adj EPS $2.30-2.35, below guidance due to June IT security incident.
IT security incident disrupted some systems and global facilities; operations paused at certain locations.
Brunswick Q1 GAAP EPS $1.56; Adj EPS $2.57; Sales $1.74B; Reaffirms FY Adj EPS $9.50-$11.00
Net sales $1,743.6M, up 2.8% YoY; GAAP operating earnings $236.1M, down 1.4%.
Brunswick reports record FY2022 revenue and earnings; guides FY2023 EPS $9.50-$11.00
Full-year net sales $6,812M (+16.5% YoY); GAAP diluted EPS $9.06; adjusted diluted EPS $10.03 (+21.1%).
Brunswick Q3 record: sales +19% to $1.7B, adj EPS $2.67; FY guidance $10.00
Q3 net sales $1,698.2M (+19% YoY); GAAP EPS $2.26, adjusted EPS $2.67 (+29% YoY).
Brunswick Q2 GAAP EPS $2.61, adj. $2.82; raises buyback target to $400M
Net sales $1,835.6M, up 18.1% YoY; GAAP operating earnings $279.0M, adjusted $300.2M.
Brunswick Q1 adjusted EPS $2.53 beats; raises FY2022 EPS guidance to $9.80-$10.30
GAAP diluted EPS $2.25, as-adjusted $2.53, up 12.9% YoY; net sales $1.70B, up 18.3%.
Brunswick reports record FY2021 EPS $7.59 GAAP, $8.28 adj.; guides FY2022 adj. EPS $9.60-$10.25
FY2021 net sales $5.85B (+34.5% YoY); GAAP diluted EPS $7.59, adj. diluted EPS $8.28.
Brunswick Q3 record: adj. EPS $2.07 beats; raises FY guidance to ~$8.15
Q3 GAAP diluted EPS $1.85 (+8.2% YoY); adjusted diluted EPS $2.07 (+15% YoY).
Brunswick completes $1.05B acquisition of Navico, marine electronics leader
Brunswick acquired Navico for $1.05B in cash on Oct 4, 2021.
Brunswick issues $1B in 0.85% and 2.4% senior notes to fund Marine Innovations Group acquisition
Issued $450M 0.850% Senior Notes due 2024 and $550M 2.400% Senior Notes due 2031 for net proceeds of ~$992.9M.
Brunswick reports record Q2: GAAP EPS $2.29, adj. EPS $2.52; raises FY adj. EPS guide to ~$8.00
Net sales $1,554.8M, up 57.4% YoY; Propulsion +64%, Parts & Acc. +42%, Boat +80%.
Brunswick amends credit agreement to $500M revolver due 2026 with improved terms
Revolving commitments increased to $500M with additional $100M accordion feature.
Christopher Drees, current Executive Vice President and President, Mercury Marine, who informed the Company on February 2, 2023 that he is leaving the Company effective March 3, 2023.
John Buelow, currently Vice President of Global Operations at Mercury Marine, is being promoted to Executive Vice President and President, Mercury Marine.
Max materiality 0.85 · Median 0.75 · Most common event earnings