Brunswick Corp. (BC) Tops Q2 EPS by 4c

Brunswick Corp. (NYSE: BC) reported Q2 EPS of $0.95, $0.04 better than the analyst estimate of $0.91. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.17 billion.

"Our second quarter revenues increased by 4 percent, with sales to the U.S. up 5 percent and international markets up one percent," said Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "Our top line reflected growth in outboard boats and engines, parts and accessories, fitness equipment and bowling products, partially offset by revenue declines in fiberglass sterndrive/inboard boats and engines, as well as retail bowling centers.

"Our second quarter gross margin of 27.8 percent reflected an increase of 30 basis points from the prior year. Operating expenses increased by 7 percent during the quarter. A modest improvement in adjusted operating earnings, combined with lower net interest expense, led to an 8 percent increase in adjusted pretax earnings. This increase was more than offset by a higher effective tax rate, which resulted in our lower diluted earnings per common share, as adjusted," McCoy said.

For earnings history and earnings-related data on Brunswick Corp. (BC) click here.

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• Marten Transport (MRTN) Misses Q1 EPS by 2c
• Vista Outdoor (VSTO) PT Raised to $40 at B.Riley