Brunswick Corp. beats expectations in second quarter

Updated 7/28/2022 1:00 PM

METTAWA -- Brunswick Corp. on Thursday reported second-quarter profit of $197.3 million.

The Mettawa-based company said it had net income of $2.59 per share. Earnings, adjusted for nonrecurring costs and to account for discontinued operations, were $2.82 per share.


The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.

The boat and sporting goods company posted revenue of $1.84 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.82 billion.

Brunswick expects full-year earnings in the range of $10 to $10.30 per share, with revenue in the range of $6.9 billion to $7.1 billion.

Brunswick shares have declined 24% since the beginning of the year. The stock has declined 21% in the last 12 months.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.