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Without a doubt, the vast majority of human beings get tired of their routines and crave exciting activities that enable them to escape monotony. As a result, consumers with disposable incomes spend a significant amount on adventures.
Brunswick Corporation (BC) Q3 2023 Earnings Call Transcript
Brunswick is facing pressure in the sports boat market due to rising interest rates and inflation, which are increasing the cost of ownership. However, the company is offsetting these challenges through strong market share gains and a high percentage of recurring earnings from maintenance and boat club memberships. Brunswick's self-help initiatives, such as expanding manufacturing capacity and growing the Freedom Boat Club, are also contributing to its earnings resilience.
METTAWA, Ill., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC) will release its third quarter 2023 financial results on Thursday, October 26, 2023 before the market opens by way of an advisory release, notifying the public that the complete and full-text results will be available on the Company's website at https://ir.brunswick.com . The results will also be available on the SEC's website with the Form 8-K filing of the release at http://goo.gl/wJQN1 .
Investment bank D.A. Davidson, which has adopted the bison as a brand, picked 17 “high quality” stocks—a few giant, most smaller.
I recommend a buy due to Brunswick's potential to achieve its ambitious FY27 targets. The Propulsion segment is expected to see robust growth, driven by BC's preference for Mercury and expanding market share in high-horsepower outboard engines. Inventory normalization and growth potential in the Engine Parts & Accessories segment, including the Navico Group, present opportunities for recovery.
David Foulkes, Brunswick CEO, joins 'Power Lunch' to discuss the state of the consumer, its autonomous docking boat, and more.
The acquisition of Fliteboard will allow Brunswick (BC) to extend its reach to new customers and expand its footprint into the growing electric-foiling surfboard market.
Although the revenue and EPS for Brunswick (BC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Brunswick (BC) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.82 per share a year ago.