NYSE$BC
Brunswick Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Brunswick's Q4 2021 earnings were reported, marked by strong performance and setting a foundation for future growth.
Brunswick Corporation reported a strong fourth quarter and full-year results for 2021, with record sales and earnings. The company's performance was driven by strong global demand for marine products, market share gains, and higher pricing.
- Delivered record sales and earnings in 2021.
- Propulsion business experienced strong top-line and earnings growth, with increased production efficiency and favorable customer mix.
- Parts and accessories businesses leveraged favorable late-season weather conditions, driving robust aftermarket demand.
- Freedom Boat Club had one of its busiest quarters on record, continuing its acquisition activity and membership growth.
Headline financials
Revenue & EPS history
Brunswick · Revenue · Quarterly
$1.43B
Revenue by segment
Brunswick · $1.51B total across 3 segments · Q4 2021
- Propulsion$571M+12.3%37.8%
- Engine P&A$506M+40.1%33.5%
- Boat$433M+13.7%28.7%
Forward guidance
Brunswick anticipates wholesale growth in all product categories throughout 2022 and well beyond. Net sales between $6.7 billion and $7.0 billion, Adjusted diluted EPS in the range of $9.60 - $10.25.
Tailwinds
- U.S. marine industry retail unit growth remains supply constrained, up low-single digit percent versus 2021.
- Net sales between $6.7 billion and $7.0 billion, with strong growth in each segment.
- Adjusted operating margin growth between 20 and 60 basis points with operating margin expansion in each segment.
- Free cash flow in excess of $350 million, which is materially impacted by planned capital spending of more than $375 million.
- Adjusted diluted EPS in the range of $9.60 - $10.25, with EPS growth anticipated in each quarter.
Headwinds
- Continue navigating certain headwinds, including the effects of COVID-19
- Elevated supply chain costs.
- Elevated labor costs.
- Elevated freight costs.
- Operating expenses as a percent of sales to increase 50 to 80 basis points, with elevated spending on ACES and other growth initiatives.
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 Q4 2021
+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% | — | — |
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