Brunswick’s Q3 net sales down 5.7%

Brunswick's David Foulkes

US-based Brunswick Corporation reported financial results through the end of September showing anticipated declines in top-line revenues, but exceeding earnings expectations

US-based Brunswick Corporation reported financial results through the end of September which largely met expectations for declines in top-line revenues, but yielded improved earnings of $1.10 per share, beating analyst expectations of $0.99.  The company has surpassed consensus EPS estimates three times over the last year and since the beginning of the year its share prices have climbed nearly 24% versus the S&P 500’s rise of 19.9%.

The Group’s Q3 revenues dropped -5.7% to $977 million compared to the same period last year (on a comparable, ex-acquisition basis), while year-to-date consolidated revenues grew 2% to $977 million (but down -1% on a constant currency, ex-acquisition basis).

The engine segment of the business was down -2% YTD due to lower sales of sterndrive engines, lower volumes primarily in the lower horsepower categories, partially offsest by higher horsepower engine sales and the positive addition of Power Products. 

Revenues in Brunswick’s boat segment slipped by -3% compared to the same 9-month period in 2018. The company noted that slight sales gains in fiberglass boat segments were offset by planned reductions in saltwater fishing, pontoons, and value aluminum products – responding to softer demand in the first half of the year.

To read the remainder of IBI’s analysis of Brunswick’s full Q3 and 9-month results, see options below for accessing our Premium Content.

This is premium content

You must be a subscriber and sign-in to access this content.

IBI Magazine_Website_promo_July

 

Upgrade your access to ibinews.com

Want to read some premium content, but don’t need unlimited IBI Plus access?

Then go for the IBI Upgrade package which, for the cost of a couple of coffees a week:

  • 20 Premium IBI Plus stories per month
  • IBI Daily News email
  • All non-premium content on offer
  • £20/month or £200/year
  • Payable by credit card

OR subscribe to IBI Plus for even more benefits

  • Breaking industry news as it happens
  • Unlimited access to all IBI Plus Premium content, including:
  • Industry statistics
  • Market reports
  • Company insights
  • In-depth segment reports
  • Our archive of more than 30,000 news items and features
  • Plus manage your password, contact details and save articles under ’My Account’
  • Starting at £375/year with volume discounts for 5 or more users

Get access to IBI Plus Premium content Subscribe Today

Alternatively REGISTER for 4 free Premium Content accesses per month and to receive IBI Daily News & Breaking News alerts.

Already a subscriber? Sign in now