NYSE$BC
Brunswick Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a resolute performance amidst a challenging marine market, with GAAP diluted EPS of $1.55 and as adjusted diluted EPS of $1.80.
Brunswick Corporation reported second-quarter results that were slightly below expectations due to high interest rates impacting consumer spending and wholesale ordering patterns. Despite these challenges, the company saw growth in its engine parts and accessories business, stability in Navico Group's aftermarket sales, and solid performance in its boat business. The company is lowering its full-year guidance to net sales of $5.2 to $5.4 billion and as adjusted diluted EPS in the range of $5.00 to $5.50.
- Second quarter net sales were $1,443.9 million, a 15.2% decrease compared to Q2 2023.
- GAAP diluted EPS was $1.55, and as adjusted diluted EPS was $1.80.
- Despite lower sales and operating earnings versus the second quarter of 2023, year-to-date Brunswick continues to gain share in outboard engines, with more than 48 percent overall share of the U.S. outboard market.
- Recurring revenue businesses and channels, including engine P&A, Propulsion’s repower business, Freedom Boat Club, and Navico Group's aftermarket sales, contributed more than 50 percent of Q2 adjusted operating earnings.
Headline financials
Revenue & EPS history
Brunswick · Revenue · Quarterly
$1.44B
Revenue by segment
Brunswick · $1.49B total across 3 segments · Q3 2023
- Propulsion$718M+16.7%48.2%
- Boat$429M-16.1%28.7%
- Engine P&A$345M-3.9%23.1%
Forward guidance
Brunswick updated its full year guidance to match market realities.
Tailwinds
- Brunswick will continue to launch many exciting new products to support future share gains.
- Focusing on delivering year-end inventory levels in line with historical norms
- Executing our strategic plan
- Investing in our long-term growth initiatives
- Driving resilient EPS and free cash flow
Headwinds
- Net sales between $5.2 to $5.4 billion
- Adjusted diluted EPS in the range of $5.00 to $5.50
- Free Cash Flow in excess of $350 million
- Annual share repurchases of approximately $200 to $220 million
- 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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+0.4%
Avg return
30 days after
52%
34 / 66 earnings
Positive
+10.8%
Q2 2013
Best reaction
-13.0%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -1.2% | +5.6% | |
| Q4 2025 | -4.4% | +1.9% | -5.4% | |
| Q3 2025 | +8.5% | +8.5% | -1.3% | |
| Q2 2025 | +6.7% | +11.6% | +17.6% | |
| Q1 2025 | +5.7% | +2.4% | +9.9% | |
| Q4 2024 | +1.3% | -1.5% | -10.7% | |
| Q3 2024 | +4.9% | +7.5% | +7.0% | |
| Q2 2024 | +8.8% | +12.9% | +9.6% | |
| Q1 2024 | -5.9% | -6.4% | -7.7% | |
| Q4 2023 | +6.1% | +4.2% | +8.9% | |
| Q3 2023 | -1.0% | +1.0% | +13.8% | |
| Q2 2023 | +0.4% | +2.4% | -2.8% | |
| Q1 2023 | +2.1% | +3.7% | -6.7% | |
| Q4 2022 | +7.2% | +3.2% | +2.6% | |
| Q3 2022 | -0.1% | +0.0% | +1.6% | |
| Q2 2022 | +4.1% | -1.4% | +1.3% | |
| Q1 2022 | +1.4% | +7.3% | +1.5% | |
| Q4 2021 | +3.7% | +5.6% | +7.5% | |
| Q3 2021 | +3.0% | +7.3% | +10.3% | |
| Q2 2021 | +7.2% | +7.5% | +5.6% | |
| Q1 2021 | +1.6% | +6.4% | -3.1% | |
| Q4 2020 | -5.5% | -5.1% | -3.4% | |
| Q3 2020 | -1.1% | +5.7% | +18.3% | |
| Q2 2020 | -7.4% | -5.5% | -14.2% | |
| Q1 2020 | -9.4% | -6.4% | +12.9% | |
| Q4 2019 | -0.1% | -2.7% | -15.5% | |
| Q3 2019 | +2.3% | +3.4% | +0.2% | |
| Q2 2019 | +2.2% | +3.3% | -5.7% | |
| Q1 2019 | -7.4% | -6.0% | -20.6% | |
| Q4 2018 | -4.8% | -1.8% | +5.7% | |
| Q3 2018 | -9.6% | -8.6% | -5.1% | |
| Q2 2018 | -5.3% | -2.4% | -0.7% | |
| Q1 2018 | +2.3% | +4.0% | +8.0% | |
| Q4 2017 | -4.7% | -6.1% | -2.5% | |
| Q3 2017 | -13.0% | -11.9% | -8.6% | |
| Q2 2017 | -5.7% | -7.0% | -11.7% | |
| Q1 2017 | -6.2% | -7.3% | -9.6% | |
| Q4 2016 | +3.6% | +5.4% | +7.0% | |
| Q3 2016 | -7.1% | -8.0% | +6.0% | |
| Q2 2016 | -1.4% | -3.8% | -8.7% | |
| Q1 2016 | -6.4% | — | — | |
| Q4 2015 | -5.5% | — | — | |
| Q3 2015 | +8.1% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | -9.2% | — | — | |
| Q4 2014 | +5.2% | — | — | |
| Q3 2014 | +3.7% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -4.2% | — | — | |
| Q4 2013 | +2.6% | — | — | |
| Q3 2013 | +2.7% | — | — | |
| Q2 2013 | +10.8% | — | — | |
| Q1 2013 | +2.8% | — | — | |
| Q4 2012 | +9.6% | — | — | |
| Q3 2012 | +8.5% | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q4 2009 | +3.9% | — | — | |
| Q4 2011 | +3.9% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q2 2011 | -1.1% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q1 2011 | -1.4% | — | — | |
| Q1 2010 | -1.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro