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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Miss* | $1.45 bln | $1.46 bln (15 Analysts) |
Q3 Adjusted EPS | Beat | $1.58 | $1.35 (16 Analysts) |
Q3 EPS | $1.01 |
*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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)