Brunswick (BC) Tops Q1 EPS by 78c, Raises Guidance

Brunswick (NYSE: BC) reported Q1 EPS of $2.24, $0.78 better than the analyst estimate of $1.46. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.21 billion.

GUIDANCE:

Brunswick sees FY2021 EPS of $7.30-$7.60, versus the consensus of $6.44. Brunswick sees FY2021 revenue of $5.4-5.6 billion, versus the consensus of $5.05 billion.

• For the second quarter, we anticipate revenue growth of approximately 50 percent over the second quarter of 2020, with adjusted operating leverage in the low twenties percent. While we anticipate second quarter prior-year comparisons to be very favorable as a result of the March and April 2020 pandemic shutdowns, we believe that the second-half 2021 comparisons will be more challenging due to potential inflationary pressures, less favorable factory absorption comparisons, and smaller benefits from changes in foreign currency exchange rates. However, our guidance assumes revenue and earnings growth in the second-half of the year versus second-half 2020 led by strong business performance.
• Lastly, I want to once again offer heartfelt thanks to our global employee population for all their dedication, effort, and sacrifices during what is still a challenging time for many families and communities. Your hard work has enabled us to seamlessly execute our 2022 strategic plan, outpace our initial growth and profit expectations, and announce another significant increase of our 2022 EPS target to $8.25 to $8.75 per share. We look forward to sharing with you the details of our near-term plans, together with the "Next Wave" of Brunswick's strategy, at our virtual investor-day event, which will be available on our website starting Monday May 10, 2021."
  

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

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