BRUNSWICK CORPORATION Announces FY2022 Q4 Earnings Results for December 31 2022

Earnings Overview

On December 31, 2022, BRUNSWICK CORPORATION ($NYSE:BC) reported its financial results for the fourth quarter of fiscal year 2022. Total revenue for the quarter reached USD 141.7 million, a 39.6% increase year over year. Net income for the quarter was USD 1582.7 million, an increase of 10.6% from the same period in FY2021.

Transcripts Simplified

Brunswick Corporation had an excellent fourth quarter, with record sales, operating earnings and EPS. Net sales were up 10.6%, with adjusted operating margins of 12.8%, up 190 basis points. Operating earnings on an as adjusted basis increased by 29% and adjusted diluted EPS of $1.99 increased by 38%. All segments contributed to the strong performance, while Brunswick deployed $388 million for capital expenditures and repurchased $450 million of shares, representing 8% of the company.

The company also increased its dividend for the tenth consecutive year, and has a strong balance sheet and liquidity, with net leverage at 1.6 times. The Propulsion business had outstanding top-line, earnings, and operating margin performance.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Brunswick Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Brunswick Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Brunswick Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Brunswick Corporation are shown below. More…

Price History

BRUNSWICK CORPORATION announced their financial results for the fourth quarter of FY2022 ending on December 31, 2022. On Thursday, the stock opened at $84.4 and closed at $90.6, showing a 5.1% rise from the previous closing price of 86.2. This is the first time ever in the company’s history that the stock has reached such high level of performance and indicates a positive outlook for investors. These strong results are attributed to BRUNSWICK CORPORATION’s focus on expanding into new markets and introducing innovative products and services.

BRUNSWICK CORPORATION executives stated that they are pleased with the results and are optimistic about the company’s future prospects. They also mentioned that they are planning to continue to make investments in research and development to ensure continued growth and success in the near future. Live Quote…

Analysis

At GoodWhale, we analyze the financials of BRUNSWICK CORPORATION and our Star Chart analysis reveals that the company is strong in asset, dividend, growth and profitability. We classify BRUNSWICK CORPORATION as a ‘gorilla’, a type of company that is characterized by its strong competitive advantage and reliable revenue and earnings growth. Investors looking for a steady investment in a reliable company are recommended to look into BRUNSWICK CORPORATION. Our GoodWhale health score indicates that the company has a high score of 8/10 with regard to its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. More…

Peers

Brunswick Corp and its competitors, Leatt Corp, Trigano SA, and LCI Industries Inc, are all vying for a share of the market. Brunswick Corp has a strong presence in the market and is a well-known brand. Leatt Corp is a relative newcomer to the market, but has quickly gained a reputation for quality products. Trigano SA is a large company with a wide range of products. LCI Industries Inc is a smaller company, but has a loyal following.

– Leatt Corp ($OTCPK:LEAT)

Leatt Corp is a publicly traded company that designs, develops, and markets personal protective equipment for use in extreme sports. The company has a market capitalization of $114.38 million as of 2022 and a return on equity of 36.43%. Founded in 2003, Leatt is headquartered in Johannesburg, South Africa. The company’s products are sold in over 50 countries worldwide.

– Trigano SA ($LTS:0NX0)

Trigano is a French company that manufactures and sells recreational vehicles. The company has a market cap of 1.9B as of 2022 and a return on equity of 20.39%. Trigano’s products include motorhomes, caravans, and camping trailers. The company has a strong presence in Europe and is expanding its operations into Asia and South America. Trigano is a well-respected company in the recreational vehicle industry and is known for its quality products and customer service.

– LCI Industries Inc ($NYSE:LCII)

LCI Industries Inc is a manufacturer and distributor of recreational vehicles, marine products and building products. The company has a market cap of 2.6B as of 2022 and a Return on Equity of 32.57%. LCI Industries is a leading provider of recreational vehicle products and services, including awnings, exterior appliances, furniture, interiors, windows and doors. The company also manufactures and distributes marine products, such as boat covers, bimini tops, canvas products and upholstery. In addition, LCI Industries provides building products, including windows, doors, hardware and trim.

Summary

BRUNSWICK CORPORATION reported a promising fourth quarter earnings report for FY2022, with total revenue increasing by 39.6% and net income up 10.6%. Investors responded positively to these results, with the stock price rising on the same day. This strong performance has left investors optimistic about their investments in BRUNSWICK CORPORATION, and many are expecting continued positive returns going forward. With the company demonstrating its ability to increase revenue and profitability in a challenging economic environment, investors may now be more confident investing in BRUNSWICK CORPORATION as a long-term option.