Brunswick Q4 Earnings: Revenue Beat, EPS Beat, 'Cautious' Q1 Outlook And More
Thursday, Jan 30, 2025 2:17 pm ET
3min read Brunswick Corporation (NYSE: BC) reported its fourth-quarter and full-year 2024 financial results, surpassing analysts' estimates and providing guidance for the upcoming year. The marine recreation company reported revenue of $1.154 billion and adjusted earnings per share (EPS) of 24 cents, beating estimates of $1.051 billion and 21 cents, respectively.
Brunswick's strong performance in the fourth quarter was driven by significant cash generation, further outboard engine market share gains, successful new product launches, and optimal operating performance. The company ended the quarter with $286.7 million in cash and marketable securities, down $193 million from the end of 2023.
For the full year, Brunswick reported net sales of $5.24 billion, an 18.2% decrease compared to 2023. Operating earnings on a GAAP basis were $311.6 million, a decline of 57.6%, while as-adjusted operating earnings were $495.4 million, down 43%. GAAP diluted earnings per share (EPS) from continuing operations were $2.21, representing a 63.9% decrease, while as-adjusted diluted EPS was $4.57, down 48.1%.
Looking ahead to 2025, Brunswick expects first-quarter revenue to be between $1 billion and $1.2 billion, compared to estimates of $1.27 billion. The company expects first-quarter adjusted EPS to be between 15 cents and 25 cents per share, compared to estimates of $1.08 per share. Brunswick sees full-year 2025 revenue in the range of $5.2 billion to $5.6 billion, compared to estimates of $5.28 billion. The company expects full-year 2025 adjusted earnings of $3.50 to $5.0 per share, compared to estimates of $5.14 per share.
David Foulkes, CEO of Brunswick, stated, "2025 has the potential to be a year of steadily easing financial conditions, and while we enter the year with a cautious outlook, particularly for the first quarter, we have already launched many new products across our businesses and we remain extremely focused on delivering steady free cash flow and resilient EPS, and driving continued strong shareholder returns."
Brunswick shares were up 3.29% at $70.31 at the time of publication Thursday, according to Benzinga Pro. The company's cautious outlook for the first quarter reflects the uncertain economic conditions and market demand, but its strong performance in the fourth quarter and full-year 2024, along with its strategic initiatives, position it well for the upcoming year.
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