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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Press Releases

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Brunswick Corporation Reports Another Successful Ft. Lauderdale International Boat Show with Record Sales and Continued Share Gains
METTAWA, Ill., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC) today revealed another record-breaking performance at the 2024 Ft. Lauderdale International Boat Show (FLIBS), with continued outboard engine market share growth and record unit sales for several of its premium brands. Some notable highlights for Brunswick during this five-day event included: Mercury Marine reported record outboard market share for the seventh consecutive year in Ft. Lauderdale, accounting for an all-time high 58% of all outboard engines at the event and 74% of all outboards in the on-water portion of the show (an increase of 6% over 2023). Sea Ray set a new Ft. Lauderdale record for units so
11/4/24 9:33:59 AM ET
$BC
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Brunswick Corporation Named One of the 'World's Top Companies for Women 2024' by Forbes
METTAWA, Ill., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC), the world's largest recreational marine technology company, has been named one of the ‘World's Top Companies for Women' by Forbes for its leadership in supporting women in the workplace. Of the thousands of companies that were surveyed for this recognition, only 400 made the list and Brunswick finished in the top half overall. "Being named a top employer for women by Forbes is a tremendous honor for us," stated Jill Wrobel, Chief Human Resources Officer at Brunswick Corporation. "At Brunswick, we are proud to foster an inclusive workplace where everyone feels valued and empowered. Our teams unite to creat
10/29/24 2:50:54 PM ET
$BC
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Brunswick Corporation Releases 2024 Third Quarter Earnings
METTAWA, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC), today, released its third quarter 2024 financial results. A complete and full-text financial results press release is available on the Company's website at https://ir.brunswick.com. The results will also be available on the SEC's website with the Form 8-K filing of the release at http://goo.gl/wJQN1. The Company will hold a conference call at 10 a.m. CT/ 11 a.m. ET, today, Thursday, October 24, 2024, hosted by David M. Foulkes, chief executive officer, Ryan M. Gwillim, executive vice president and chief financial officer and strategy officer and Neha Clark, senior vice president, enterprise finance. A c
10/24/24 6:15:00 AM ET
$BC
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Brunswick Corporation Releases 2024 Third Quarter Earnings
METTAWA, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC), today, released its third quarter 2024 financial results. A complete and full-text financial results press release is available on the Company's website at https://ir.brunswick.com. The results will also be available on the SEC's website with the Form 8-K filing of the release at http://goo.gl/wJQN1. The Company will hold a conference call at 10 a.m. CT/ 11 a.m. ET, today, Thursday, October 24, 2024, hosted by David M. Foulkes, chief executive officer, Ryan M. Gwillim, executive vice president and chief financial officer and strategy officer and Neha Clark, senior vice president, enterprise finance. A c
10/24/24 6:15:00 AM ET
$BC
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Brunswick Corporation Announces Quarterly Dividend
METTAWA, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Brunswick Corporation (NYSE:BC) has approved a quarterly dividend on its common stock of $0.42 per share. The dividend will be payable on December 13, 2024, to shareholders of record at the close of business on November 20, 2024. About Brunswick Corporation: Brunswick Corporation (NYSE:BC) is the global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond. Our unique, technology-driven solutions are informed and inspired by deep consumer insights and powered by our belief that "Next Never Rests™". Brunswick is dedicated to industry leadership, to being the best
10/15/24 8:37:57 AM ET
$BC
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Brunswick Corporation to announce 2024 Third Quarter Earnings on October 24
METTAWA, Ill., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC), will announce its 2024 third quarter earnings on Thursday October 24, 2024. The Company will hold a conference call at 10 a.m. CT/ 11 a.m. ET, on Thursday October 24, 2024, hosted by David M. Foulkes, chief executive officer, Ryan M. Gwillim, executive vice president, chief financial officer and strategy officer and Neha Clark, senior vice president, enterprise finance. A copy of the presentation to be used on this call will be available when the results are released. Security analysts and investors wishing to participate via telephone should call 877-900-9524 (No Password Needed). Callers outside of Nort
10/3/24 6:00:00 AM ET
$BC
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Mercury Marine Launches the Avator™ 75e and 110e Outboards, Expanding the Range of its Award-Winning Electric Propulsion Series to Power Bigger Sustainable Adventures on the Water
FOND DU LAC, Wisc., June 04, 2024 (GLOBE NEWSWIRE) -- Following successful previews earlier this year at the Consumer Electronics Show (CES) in Las Vegas and the Discover Boating Miami International Boat Show, Mercury Marine, a division of Brunswick Corporation (NYSE:BC), today officially launched the Avator™ 75e and 110e electric outboards. These new models are the latest to join Mercury's all-electric propulsion lineup, which also includes the Avator 7.5e, 20e and 35e outboards. Since its launch in 2023, Mercury's Avator electric propulsion series has won multiple design and innovation awards in both the marine and electronics industries. Most recently, the Avator 20e and 35e received 2
6/4/24 6:00:00 AM ET
$BC
Industrial Machinery/Components
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Navico Group Announces Major Investment in its Lowell Facility to Establish Two Centers of Excellence for Metal Fabrication and Electrification Development
LOWELL, Mich., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Navico Group, a division of Brunswick Corporation (NYSE:BC) and the world's leading supplier of integrated systems and products for the marine and RV industries, has announced a multimillion-dollar investment in its Lowell, Michigan facility to create two Centers of Excellence in metal fabrication and electrification. The investment will increase quality, capacity, and efficiency, as well as improve product manufacturing capabilities. "Navico Group is committed to being a leader in metal fabrication and electrification for the industries we serve, and this investment is a testament to that" said Brett Dibkey, Navico Group president. "The
12/28/23 4:40:00 PM ET
$BC
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Brunswick Corporation Re-Defines Marine Consumer Financing with the Launch of Brunswick Finance, a New Private Label, Digital Retail Financing Solution
METTAWA, Ill. , Oct. 25, 2023 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC) today, announced the upcoming launch of Brunswick Finance, a state-of-the-art, industry-leading digital finance solution that simplifies the retail purchase process by leveraging a fully integrated technology platform linking consumers, dealers, and Brunswick brands with an easy to use, digital interface allowing for quicker qualifications and faster processing. The new solution that will be launched prior to the end of the year, will be accessible through the Brunswick Finance portal and offers end-to-end integration across the boat buying ecosystem, from applying for pre-qualification to underwriting,
10/25/23 6:00:00 AM ET
$BC
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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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$BC Large Ownership Changes

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

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

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

$BC Insider Trading

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Chief Executive Officer Foulkes David M sold $1,911,562 worth of shares (23,829 units at $80.22), decreasing direct ownership by 9% to 251,094 units (SEC Form 4)

Director Whisler J Steven was granted 959 shares, increasing direct ownership by 1% to 87,852 units (SEC Form 4)

Director Mcclanathan Joseph W was granted 939 shares, increasing direct ownership by 5% to 20,157 units (SEC Form 4)

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Brunswick upgraded by Northcoast with a new price target

The Benchmark Company initiated coverage on Brunswick with a new price target

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$BC SEC Filings

SEC Form 10-Q filed by Brunswick Corporation

Brunswick Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Brunswick Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

$BC Press Releases

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Brunswick Corporation Reports Another Successful Ft. Lauderdale International Boat Show with Record Sales and Continued Share Gains

Brunswick Corporation Named One of the 'World's Top Companies for Women 2024' by Forbes

Brunswick Corporation Releases 2024 Third Quarter Earnings

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$BC Leadership Updates

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Brunswick Corporation Releases 2024 Third Quarter Earnings

Brunswick Corporation Announces Quarterly Dividend

Brunswick Corporation to announce 2024 Third Quarter Earnings on October 24

Mercury Marine Launches the Avator™ 75e and 110e Outboards, Expanding the Range of its Award-Winning Electric Propulsion Series to Power Bigger Sustainable Adventures on the Water

Navico Group Announces Major Investment in its Lowell Facility to Establish Two Centers of Excellence for Metal Fabrication and Electrification Development

Brunswick Corporation Re-Defines Marine Consumer Financing with the Launch of Brunswick Finance, a New Private Label, Digital Retail Financing Solution

$BC Market Insights

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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