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Brunswick (BC)
NYSE:BC
Holding BC?
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
$1.45Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -12.86%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
Brunswick Corporation reported solid market share gains and strong cash flow management despite facing challenges such as lower net sales, impact from hurricanes, and cautious dealer reordering. The company's recurring revenue streams, particularly in the Engine Parts and Accessories and Freedom Boat Club, continue to support financial stability. However, the decline in sales and operating margins and the impact of external factors such as hurricanes and geopolitical tensions present ongoing challenges.Company Guidance
During the Q3 2024 earnings call for Brunswick Corporation, the company provided guidance indicating a challenging marine market, with full-year new boat retail unit sales expected to decline by approximately 10% compared to the previous year. Despite this, the company's recurring revenue businesses, including Engine P&A, Propulsions Repower, Freedom Boat Club, and Navico Group's aftermarket sales, contributed nearly 70% to Q3's adjusted operating earnings. The company managed field inventory effectively, closing the quarter with 10,700 units in the U.S. pipeline, a reduction of around 200 units from the previous year. The Propulsion business gained 420 basis points in U.S. outboard engine market share, although sales and operating earnings were down compared to Q3 2023. The Engine P&A business achieved record operating margins of 26%. Brunswick completed $190 million in share repurchases year-to-date and maintained a strong cash flow, with expectations for free cash flow conversion to exceed 80% for the year. Looking forward, Brunswick anticipates net sales between $5.1 billion and $5.2 billion, with an adjusted EPS of approximately $4.50 for the full year.Market Share Gains in Propulsion
Brunswick's Propulsion business gained 420 basis points of U.S. outboard engine share in the quarter, outperforming the market at retail.
Record Operating Margins in Engine Parts and Accessories
The Engine Parts and Accessories business achieved record operating margins of 26% due to efficiency improvements and strong product and distribution performance.
Strong Cash Flow and Share Repurchases
Brunswick executed $190 million of share repurchases year-to-date and increased its revolving credit facility to $1 billion, demonstrating strong cash flow and capital management.
Freedom Boat Club Growth
Freedom Boat Club reported a 3.5% year-to-date membership sales growth and completed the acquisition of the South Florida franchise operations, contributing to strong recurring revenue.
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BC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $76.60 | $79.54 | +3.84% |
| Jul 25, 2024 | $72.72 | $78.17 | +7.49% |
| Apr 25, 2024 | $84.77 | $78.74 | -7.11% |
| Feb 01, 2024 | $79.03 | $82.76 | +4.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brunswick (BC) report earnings?
Brunswick (BC) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Brunswick (BC) earnings time?
Brunswick (BC) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BC EPS forecast?
BC EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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