Brunswick Q3 adjusted EPS beats on high-horsepower outboard applications growth

Overview

• Marine recreation firm's Q3 sales rose 6.9% but slightly missed analyst expectations

• Adjusted EPS for Q3 rose 62.9% and beat analyst expectations

• Company cited sales growth across all segments and margin expansion despite inflation and higher borrowing costs

Outlook

• Brunswick sees 2026 net sales between $5.7 bln and $5.8 bln

• Company expects 2026 adjusted diluted EPS of about $4.65

• Company says consumer sentiment remains pressured by inflation, borrowing costs, and global uncertainty

Result Drivers

• HEALTHY BOATING PARTICIPATION - Co said strong boating participation supported demand for parts, accessories, aftermarket and subscription businesses

• OEM DEMAND & HIGH-HORSEPOWER GROWTH - Propulsion segment sales rose on steady OEM demand and growth in high-horsepower outboard applications

• OEM WINS & NEW PRODUCTS - Navico Group segment sales grew on OEM wins, steady aftermarket performance and new product launches

Company press release: Full Story

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the recreational products peer group is "buy"

• Wall Street's median 12-month price target for Brunswick Corp is $90.00, about 30.7% above its October 28 closing price of $68.85

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Oct 27 - Polaris Q3 sales beat estimates on powersports, marine strength, raises adjusted EPS outlook

• Oct 26 - Whirlpool Q3 sales, adjusted EPS miss estimates on weak appliance demand

• Oct 28 - Meritage Homes Q3 adjusted EPS falls more than expected as higher mortgage rates hurt orders

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)