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Jul 02, 2022
Brunswick Q2 2022 Earnings Report
Delivered record results driven by outstanding operating performance.
Key Takeaways
Brunswick Corporation reported a record second quarter with $300 million in adjusted operating earnings, along with record revenue and EPS, demonstrating exceptional performance amidst a challenging macro-economic environment. Consumer demand remained strong, and the company maintained a focus on cost control and operational efficiencies.
Delivered first ever quarter with $300 million of adjusted operating earnings, record revenue and EPS.
Propulsion business continues to deliver outstanding results, with record sales, operating earnings, and operating margins.
Boat business posted robust top-line growth with double-digit operating margins which increased sequentially for the third consecutive quarter.
Freedom Boat Club continues on its growth trajectory with more than 360 locations and over 50,000 membership agreements.
Brunswick
Brunswick
Brunswick Revenue by Segment
Revenue by Segment
Propulsion Revenue
CapyFin.comEngine Parts & Acc. Revenue
CapyFin.comBoat Revenue
CapyFin.com Forward Guidance
Brunswick anticipates net sales between $6.9 billion and $7.1 billion and adjusted diluted EPS in the range of $10.00 - $10.30 for the full year 2022. They also anticipate third quarter 2022 revenue growth of mid-twenties percent over the third quarter of 2021 and EPS between $2.50 and $2.65.
Positive Outlook
- Production levels remain on track across all businesses to satisfy retail demand and to rebuild product pipelines over time.
- Exciting new products are coming to market and will be launched in the balance of the year.
- Operational excellence.
- Cost control.
- Focused investment in capacity and ACES technology.
Challenges Ahead
- Increasingly unfavorable foreign currency exchange rates.
- Inflation.
- Remaining supply chain disruptions.
- Freight disruptions.
- Turbulent macro-economic climate
Revenue & Expenses
Visualization of income flow from segment revenue to net income