BRUNSWICK CORPORATION Reports Second Quarter Earnings Results for FY2023
August 19, 2023
🌥️Earnings Overview
On July 27, 2023, BRUNSWICK CORPORATION ($NYSE:BC) released their financial results for the second quarter of their fiscal year ending June 30, 2023. The total revenue for the quarter was USD 1702.3 million, a 7.3% decrease from the corresponding quarter in the prior year. Similarly, net income also declined by 31.7%, registering at USD 134.7 million.
Share Price
Their stock opened at $88.4 and closed at $85.6, resulting in a 3.5% decrease from the previous closing price of 88.6. This marks a significant drop in the stock’s value over the span of a single day on the markets. Investors are now left to speculate as to what the future holds for the company. The company has yet to release further details regarding their earnings report, but it’s likely that investors will be closely monitoring any updates from BRUNSWICK CORPORATION.
It’s clear that the company’s stock will remain volatile until investors gain a better understanding of the company’s financial situation. Regardless of the outcome, it’s important for investors to remember that stock prices can always fluctuate abruptly and investing in any company carries a certain level of risk. 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
As GoodWhale, we have conducted an extensive analysis of BRUNSWICK CORPORATION‘s financials. According to our Star Chart, BRUNSWICK CORPORATION has a high health score of 8/10 with regard to its cashflows and debt, indicating that they are capable of safely riding out any crisis without the risk of bankruptcy. We have classified BRUNSWICK CORPORATION as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes BRUNSWICK CORPORATION an attractive target for a variety of investors, such as those looking for asset, dividend, growth, and profitability. With this in mind, it is clear that BRUNSWICK CORPORATION is a sound investment choice. 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 earnings for the fiscal year ending June 30, 2023, showing total revenue of USD 1702.3 million, a 7.3% decrease from the previous year. Net income also decreased 31.7% to USD 134.7 million. This resulted in the stock price dropping the same day.
For investors, this is a concerning development as it suggests that the company’s financial performance is deteriorating. Investors should remain cautious and evaluate any future reports to determine if BRUNSWICK CORPORATION’s financial outlook is improving or continuing to decline.
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