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Brunswick Corporation (NYSE:BC ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Neha Clark - Senior Vice President, Enterprise Finance Dave Foulkes - Chief Executive Officer Ryan Gwillim - Chief Financial Officer Conference Call Participants Fred Wightman - Wolfe Research Michael Swartz - Truist Securities Matthew Boss - JPMorgan Megan Alexander - Morgan Stanley Investment Managers Xian Siew - BNP Paribas Asset Management Craig Kennison - Baird Operator Good morning, and welcome to Brunswick Corporation's Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode until the question-and-answer period.
Brunswick reported Q2 results with a sharper-than-expected earnings decline. The 2024 guidance was also lowered, as Brunswick now expects the industry weakness to persist longer than previously thought. Brunswick's revenues are still outperforming peers, and the company's earnings are resilient overall.
While the top- and bottom-line numbers for Brunswick (BC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Brunswick (BC) came out with quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.35 per share a year ago.
METTAWA, Ill., July 24, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation, (NYSE:BC), the world's leading marine technology company, has been recognized on TIME's inaugural list of America's Best Midsize Companies for 2024. Of the 500 companies recognized, Brunswick ranked No. 1 within the Engineering and Manufacturing category and 27th overall. This award reflects Brunswick's exceptional performance in three focus areas: employee satisfaction, revenue growth, and sustainability transparency.
Brunswick (BC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
METTAWA, Ill., July 18, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation, (NYSE:BC), the world's leading marine technology company is enhancing its ACES (Autonomous, Connected, Electrified, and Shared) strategy with the announcement of Boating Intelligence™, a comprehensive initiative to incorporate AI features into its products to deliver simpler, safer, smarter, and more sustainable boating. To accelerate its vision for Boating Intelligence, Brunswick Corporation is re-launching its I-Jet Lab at the University of Illinois Research Park. The newly named Boating Intelligence Design Lab (BI DesignLab), under the direction of Jeff Reifsnyder, is refocusing its programs on developing Brunswick's AI talent and capabilities, as well as supporting Brunswick's product development teams as they incorporate AI into Brunswick's next generation of products. BI DesignLab is already supporting the development of Brunswick's autonomous docking technology but is now also advancing work on AI-powere
METTAWA, Ill., July 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Brunswick Corporation (NYSE: BC) today approved a quarterly dividend on its common stock of $0.42 per share.
METTAWA, Ill., July 08, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC) will release its second quarter financial results on Thursday, July 25, 2024 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 .