Brunswick Lowers FY2024 Outlook: Adj EPS from $7.00-$8.00 to $5.00-$5.50 vs $7.15 Est; Sales from $5.20B-$5.40B vs $5.97B Est

7/25/24 6:19:35 AM ET

Industrial Machinery/Components

Industrials

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The result is the following updated guidance to match these market realities:
1. Net sales between $5.2 to $5.4 billion;
2. Adjusted diluted EPS in the range of $5.00 to $5.50;
3. Free Cash Flow in excess of $350 million;
4. Annual share repurchases of approximately $200 to $220 million; and
5. Third quarter 2024 net sales between $1.2 billion and $1.3 billion, and adjusted diluted EPS in
the range of $1.15 to $1.25

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Recent Analyst Ratings for
$BC

Date	Price Target	Rating	Analyst
7/29/2024	$100.00	Neutral → Buy	Northcoast
5/22/2024	$100.00	Buy	The Benchmark Company
4/15/2024	$94.00 → $82.00	Outperform → Neutral	Exane BNP Paribas
2/20/2024	$100.00 → $108.00	Neutral → Buy	B. Riley Securities
1/4/2024		Outperform → Mkt Perform	Raymond James
1/2/2024	$106.00	Buy → Neutral	B. Riley Securities
12/18/2023	$88.00 → $106.00	Buy	B. Riley Securities
9/27/2023	$84.00	Equal-Weight	Morgan Stanley

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Brunswick Lowers FY2024 Outlook: Adj EPS from $7.00-$8.00 to $5.00-$5.50 vs $7.15 Est; Sales from $5.20B-$5.40B vs $5.97B Est

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Amendment: SEC Form SC 13G/A filed by Brunswick Corporation

Amendment: SEC Form SC 13G/A filed by Brunswick Corporation

SEC Form SC 13G/A filed by Brunswick Corporation (Amendment)

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Brunswick shares are trading lower after worse-than-expected Q2 financial results and FY24 outlook cut.

Brunswick Q3 Outlook: Adj EPS $1.15-$1.25 vs $2.26 Est; Sales $1.20B-$1.30B vs $1.62B Est