BRUNSWICK CORPORATION Reports Q2 FY2023 Earnings Results on July 27 2023
August 20, 2023
🌥️Earnings Overview
Brunswick Corporation ($NYSE:BC) reported their second quarter FY2023 earnings results on July 27 2023, with total revenue of USD 1702.3 million – 7.3% lower than the same period in the prior year. Net income also decreased by 31.7%, to USD 134.7 million.
Share Price
The company’s stock opened at $88.4, however, it dropped 3.5% to close at $85.6 from its previous closing price of 88.6. This marked a notable decline in the company’s stock as investors reacted to the release of the Q2 earnings results. As BRUNSWICK CORPORATION continues to navigate through the current economic climate, it will be interesting to see how the company’s stock responds to the Q2 results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brunswick Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 6.73k | 552.5 | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brunswick Corporation. More…
| Operations | Investing | Financing |
| 691.3 | -300.2 | -482.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brunswick Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.29k | 4.19k | 30.09 |
Key Ratios Snapshot
Some of the financial key ratios for Brunswick Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | 29.6% | 13.0% |
| FCF Margin | ROE | ROA |
| 4.8% | 26.2% | 8.7% |
Analysis
GoodWhale’s analysis of BRUNSWICK CORPORATION‘s wellbeing yielded encouraging results. Our Star Chart shows that BRUNSWICK CORPORATION is strong in asset, dividend, growth, and profitability. With a high health score of 8/10 in terms of cashflows and debt, BRUNSWICK CORPORATION is capable of sustaining future operations in times of crisis. Moreover, BRUNSWICK CORPORATION is classified as “gorilla”—a type of company we conclude has achieved stable and high revenue or earning growth due to a strong competitive advantage. Given these results, we believe that BRUNSWICK CORPORATION is an attractive investment opportunity for various types of investors. Income investors may be drawn to the company’s strong dividend yield, while growth investors may appreciate its potential for high returns. Additionally, value investors may be interested in BRUNSWICK CORPORATION due to its financial health and sound balance sheet. Ultimately, BRUNSWICK CORPORATION is an attractive option for many investors given its strength in asset, dividend, growth, and profitability. 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 their second quarter FY2023 earnings results on July 27 2023, showing a 7.3% decrease in revenue compared to the same period in the prior year and a 31.7% decrease in net income. In response to the results, the stock price of BRUNSWICK CORPORATION moved downward. Investors should review the company’s financials carefully before investing in BRUNSWICK CORPORATION, as the current earnings results may be an indication of future performance. Furthermore, investors should pay attention to potential changes in the company’s structure, strategies, and operations to gain insights on possible impacts they may have on its financial performance.
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