Despite a slight decline in 2019 sales, the industry’s largest company reports strong earnings with solid margin growth, delivering shareholders a tenth consecutive year of EPS gains. CEO David Foulkes tells analysts this afternoon why the company is ’built to win’
Brunswick Corporation (BC) reported fourth-quarter and annual financial results for 2019 that show a slight decline in sales but “strong earnings performance with solid margin growth,” according to the company’s report released today.
For the whole of 2019, Brunswick’s unadjusted sales were US$4.11 billion, down from the US$4.12 billion reported in 2018. US $49.4 million of sales related to Sport Yacht and Yachts, were excluded from adjusted reporting. Diluted EPS in 2019 was $0.36 on a GAAP basis and $4.33 on an adjusted basis, a 4.8% increase from 2017….
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