Brunswick Corp
BC
ISIN US1170431092 / Valor 914499
Brunswick Corp
UMushroom community rating:
About company
Brunswick Corp is a global leader in marine recreation, with a diverse portfolio of industry-leading brands in the marine propulsion, boat, parts, accessories, distribution, and technology sectors. The company's boat brands are well-known worldwide, including Boston Whaler, Lund, Sea Ray, and Bayliner. In addition to its marine-focused businesses, Brunswick also operates service, digital, and shared-access ventures, such as Freedom Boat Club and Boateka. With headquarters in Mettawa, IL, Brunswick has a significant global presence, with over 17,000 employees in 25 countries. The company is committed to delivering innovative, technology-driven solutions that enhance experiences on the water and beyond, leveraging its advanced technologies to provide exceptional solutions in mobile and industrial applications.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (20.08.2024):
Net Sales Decline
Brunswick Corp's net sales for the second quarter of 2024 were $1,443.9 million, representing a 15.2% decrease compared to the same period in 2023. This decline was attributed to continued lower wholesale ordering by dealers and OEMs, coupled with higher discounts in certain business segments.
Operating Earnings Drop
Operating earnings for Brunswick Corp in Q2 2024 were $158.3 million on a GAAP basis, down 18.6% from the second quarter of 2023. The decrease was primarily due to lower net sales and higher manufacturing costs, partially offset by significant cost control measures throughout the enterprise.
Diluted EPS
For the second quarter of 2024, Brunswick Corp reported a GAAP diluted EPS of $1.55 and an as adjusted diluted EPS of $1.80. This represents an 18.8% and 23.4% decrease, respectively, compared to the same period in 2023.
Cash Flow and Balance Sheet
At the end of Q2 2024, Brunswick Corp's cash and marketable securities totaled $593.2 million, up $113.5 million from year-end 2023 levels. Net cash provided by operating activities during the first six months of 2024 was $67.6 million, including net earnings net of non-cash items and the seasonal impact of working capital build.
2024 Outlook
Brunswick Corp has lowered its full-year 2024 guidance, now expecting net sales of $5.2 to $5.4 billion and as adjusted diluted EPS in the range of $5.00 to $5.50. The company anticipates the U.S. marine retail market to underperform for the remainder of the year, with unit levels similar to those in 2010.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4338 M
Market cap (USD)
141,374
Daily traded volume (Shares)
66.19 / 65.2
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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