Brunswick Q1 ‘resilient’ despite COVID-19 impact

> Subscriber-only, By Arlene Sloan and Tony Esposito2020-04-30T16:29:00

Brunswick Corporation released first quarter 2020 financial results and reported a strong pre-coronavirus performance, with “resilient operating margins despite COVID-19 impact”

Boating industry’s largest company – Brunswick Corporation – reported consolidated net sales from January through March of US$965.5 million, down just over US$1 million, or 8.1% from the same quarter last year.

The company’s breadth of business – across boats, engines, parts and accessories, as well as Freedom Boat Clubs – provides unique insight to the impact of Covid-19 on various segments of the boating industry as well as markets across the world. The company also commented on more recent trends in April during its call with investors…

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