BRUNSWICK CORPORATION Reports Second Quarter FY2023 Earnings Results
August 11, 2023
🌥️Earnings Overview
On July 27 2023, BRUNSWICK CORPORATION ($NYSE:BC) announced their financial results for the second quarter of FY2023, ending June 30 2023. Total revenue for the quarter was USD 1702.3 million, a decline of 7.3% when compared to the same period in the previous fiscal year. Net income reported was USD 134.7 million, a decrease of 31.7% year-on-year.
Price History
On Thursday, BRUNSWICK CORPORATION reported their second-quarter earnings results for the Fiscal Year 2023. The company’s stock opened at $88.4 and closed at $85.6, reflecting a decrease of 3.5% from the prior closing price of 88.6. They showed improvements in both gross profit margins and net income, indicating that their strategy of cost cutting and efficiency gains is paying off. Investors should remain cautiously optimistic as the company moves forward into the coming quarters. 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 recently conducted an analysis of BRUNSWICK CORPORATION‘s wellbeing. Using our Star Chart framework, we were able to conclude that the company is strong in asset, dividend, growth, and profitability. By classifying BRUNSWICK CORPORATION as a ‘gorilla’, a type of company that achieves stable and high revenue or earning growth due to its strong competitive advantage, we believe that this company would be an attractive opportunity for investors. Additionally, our health score for BRUNSWICK CORPORATION was 8/10, indicating the company has the financial resources to sustain future operations in times of crisis. All these factors point to BRUNSWICK CORPORATION being a strong and safe investment opportunity. 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 its second quarter FY2023 results with total revenue of USD 1702.3 million, a 7.3% decrease year-on-year. Net income for the quarter was USD 134.7 million, a 31.7% decrease compared to the same quarter in the previous year. This resulted in a negative reaction from the stock market, seeing the stock price drop on the same day.
Investors should evaluate Brunswick Corporation’s financial performance to assess their investment prospects. Analyzing the balance sheet, cash flow statements, and income statements can help in uncovering the true financial health of Brunswick Corporation and make better decisions when considering investing in the company.
Related Posts
Recent Posts
