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NEW YORK - Brunswick Corporation (NYSE:BC) on Thursday reported second quarter earnings that exceeded analyst expectations, but shares dipped 1.8% following the release as the company issued third quarter guidance below Wall Street forecasts.
The marine products manufacturer posted adjusted earnings per share of $1.16 for the second quarter, significantly beating the analyst consensus of $0.94. Revenue came in at $1.45 billion, surpassing expectations of $1.24 billion and representing a slight 0.2% increase YoY.
"Brunswick delivered strong second quarter results as the power of our market-leading products and brands, efficient operational execution and cost control, continued prudent pipeline inventory management, and the benefits from the resilient, recurring, aftermarket-focused portions of our portfolio, resulted in second quarter financial performance ahead of expectations," said Brunswick Chairman and CEO David Foulkes.
The company’s propulsion segment led growth with a 7% sales increase, while engine parts and accessories saw a modest 1% rise. However, the boat segment experienced a 7% sales decline amid cautious wholesale ordering patterns from dealers.
Brunswick generated record second-quarter free cash flow of $288 million, contributing to a record first-half free cash flow of $244 million, a $279 million improvement versus first-half 2024.
Looking ahead, Brunswick provided third quarter guidance of $0.75-$0.90 EPS on revenue of $1.1-1.3 billion, below analyst expectations of $1.20 EPS and $1.353 billion in revenue.
For the full year 2025, the company forecasts EPS of approximately $3.25 on revenue of $5.2 billion, compared to consensus estimates of $3.31 EPS and $5.087 billion in revenue.
The company noted that tariffs continue to impact earnings while creating uncertainty for consumers and channel partners, though mitigation plans have reduced the net impact.
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