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    Brunswick Corp (BC)

    Financials

    Updated Apr 30, 2025, 4:24 PM UTC
    Income Statement - MetricQ1 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Sales (USD, millions)1,361.906,401.41,365.01,443.901,273.301,154.905,237.11,221.8
    Cost of Sales (USD, millions)997.504,614.4991.41,052.90940.30901.703,886.3917.9
    Selling, General and Administrative Expense (USD, millions)198.70812.2203.7181.80180.70181.70747.9208.0
    Research and Development Expense (USD, millions)42.40185.245.843.0041.7039.10169.638.5
    Restructuring, Exit and Impairment Charges (USD, millions)15.0054.713.57.9012.2088.10121.71.1
    Operating Earnings (USD, millions)108.30734.9110.6158.3098.40(55.70)311.656.3
    Equity Earnings (Loss) (USD, millions)1.50(11.4)2.52.901.601.608.62.2
    Other Income (Expense), Net (USD, millions)0.707.60.0(0.80)(1.10)10.909.01.3
    Earnings Before Interest and Income Taxes (USD, millions)110.50731.1113.1160.4098.90(43.20)329.259.8
    Interest Expense (USD, millions)(27.30)(112.4)(28.6)(32.60)(33.00)(32.40)(126.6)(29.7)
    Interest Income (USD, millions)2.6010.22.54.704.002.2013.41.7
    Loss on Early Extinguishment of Debt (USD, millions)------(12.7)(3.7)
    Earnings Before Income Taxes (USD, millions)85.80628.987.0132.5069.90(86.10)203.328.1
    Income Tax Provision (USD, millions)14.80196.318.627.7022.60(14.90)54.07.9
    Net Earnings from Continuing Operations (USD, millions)71.00432.668.4104.8047.30(71.20)149.320.2
    Net Loss from Discontinued Operations, Net of Tax (USD, millions)(10.10)(12.2)(0.4)(4.80)(2.70)(11.30)(19.2)-
    Net Earnings (USD, millions)60.90420.468.0100.0044.60(82.50)130.120.2
    Balance Sheet - MetricQ1 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, millions)467.8467.8548.4494.5284.1269.0269.0286.7
    Restricted cash (USD, millions)11.111.111.116.216.816.916.918.0
    Short-term investments in marketable securities (USD, millions)0.80.80.882.50.80.80.80.8
    Total cash and short-term investments in marketable securities (USD, millions)479.7479.7560.3593.2301.7286.7286.7305.5
    Accounts and notes receivable, net (USD, millions)493.2493.2616.8530.0500.8429.0429.0553.1
    Finished goods inventory, net (USD, millions)932.0932.01,028.11,008.0937.0846.9846.9870.5
    Work-in-process inventory, net (USD, millions)181.6181.6166.0170.8173.5148.1148.1172.7
    Raw materials inventory, net (USD, millions)363.2363.2360.9345.4354.2307.6307.6310.6
    Net inventories (USD, millions)1,476.81,476.81,555.01,524.21,464.71,302.61,302.61,353.8
    Prepaid expenses and other current assets (USD, millions)60.060.075.180.780.895.595.593.5
    Current assets (USD, millions)2,509.72,509.72,807.22,728.12,348.02,113.82,113.82,305.9
    Net property (USD, millions)1,315.81,315.81,309.01,300.31,278.31,251.51,251.51,239.6
    Goodwill (USD, millions)1,030.71,030.71,026.31,024.11,059.7966.1966.1972.5
    Other intangibles, net (USD, millions)978.0978.0964.3948.1939.9918.3918.3910.3
    Equity investments (USD, millions)38.738.741.437.532.935.035.038.3
    Deferred income tax asset (USD, millions)186.8186.8185.5186.5187.0197.5197.5198.2
    Operating lease assets (USD, millions)152.2152.2158.9153.8162.5161.8161.8163.6
    Other long-term assets (USD, millions)18.618.616.117.315.233.733.728.6
    Total assets (USD, millions)6,230.56,230.56,508.76,395.76,023.55,677.75,677.75,857.0
    Short-term debt and current maturities of long-term debt (USD, millions)454.7454.7455.4454.7199.2242.8242.8386.4
    Accounts payable (USD, millions)558.0558.0513.8447.9369.1393.4393.4420.3
    Accrued expenses (USD, millions)739.4739.4704.6705.5625.8643.7643.7661.5
    Current liabilities (USD, millions)1,752.11,752.11,673.81,608.11,194.11,279.91,279.91,468.2
    Debt (Long-term Liabilities) (USD, millions)1,975.71,975.72,371.92,372.42,372.72,097.82,097.82,097.7
    Other Long-Term Liabilities (USD, millions)216.5216.5210.9204.8217.3205.8205.8418.9
    Shareholders' equity (USD, millions)2,087.42,087.42,049.62,013.62,034.31,892.31,892.31,872.2
    Total liabilities and shareholders' equity (USD, millions)6,230.56,230.56,508.76,395.76,023.55,677.75,677.75,857.0
    Cash Flow - MetricQ1 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net earnings (USD, millions)60.90420.468.0100.0044.60(82.50)130.120.2
    Less: net loss from discontinued operations, net of tax (USD, millions)(10.10)(12.2)(0.4)(4.80)(2.70)(11.30)(19.2)0.0
    Net earnings from continuing operations (USD, millions)71.00432.668.4104.8047.30(71.20)149.320.2
    Depreciation and amortization (USD, millions)71.50272.969.470.4072.2076.80288.870.1
    Stock compensation expense (USD, millions)7.4022.46.15.109.203.0023.46.8
    Asset impairment charges (USD, millions)13.1019.50.54.901.3085.0091.70.0
    Deferred income taxes (USD, millions)15.5016.41.95.301.30(24.10)(15.6)0.1
    Income taxes (operating activities) (USD, millions)(23.60)(2.4)0.2(24.80)1.70(3.60)(26.5)8.0
    Other, net (operating activities) (USD, millions)0.90(18.3)4.8(1.80)2.508.0013.5(1.0)
    Net cash provided by operating activities of continuing operations (USD, millions)287.10745.2(148.1)215.7069.90312.00449.5(13.4)
    Net cash (used for) provided by operating activities of discontinued operations (USD, millions)(3.80)(11.6)(5.3)(4.70)(2.50)(5.60)(18.1)(14.0)
    Net cash provided by operating activities (USD, millions)283.30733.6(153.4)211.0067.40306.40431.4(27.4)
    Capital expenditures (USD, millions)(56.20)(289.3)(54.0)(47.10)(36.00)(30.30)(167.4)(37.7)
    Investments (USD, millions)(3.00)(4.6)(3.0)4.204.30(2.60)2.9(2.8)
    Acquisition of businesses, net of cash acquired (USD, millions)(14.00)(103.6)(0.7)0.10(31.20)0.00(31.8)0.0
    Proceeds from the sale of property, plant and equipment (USD, millions)4.2014.82.33.102.806.8015.03.4
    Net cash used for investing activities (USD, millions)(69.00)(378.9)(55.4)(120.60)22.00(14.90)(168.9)(35.0)
    Proceeds from issuances of short-term debt (USD, millions)2.404.71.10.20199.500.30201.1266.2
    Payments of short-term debt (USD, millions)(3.20)(8.6)(0.9)(1.40)(5.10)(80.00)(87.4)(1.5)
    Net proceeds from issuances of long-term debt (USD, millions)--396.90.000.000.00396.90.0
    Payments of long-term debt including current maturities (USD, millions)(0.50)(82.3)(0.6)(0.70)(450.60)(161.30)(613.2)(126.1)
    Common stock repurchases (USD, millions)(55.00)(275.0)(63.6)(106.40)(20.00)(10.00)(200.0)(25.6)
    Cash dividends paid (USD, millions)(27.40)(112.0)(28.6)(28.20)(27.80)(27.70)(112.3)(28.2)
    Tax withholding associated with shares issued for share-based compensation (USD, millions)(0.40)(13.8)(9.2)0.00(0.10)0.00(9.3)(6.9)
    Other, net (financing activities) (USD, millions)--(1.0)(0.40)(0.10)(4.50)(6.0)0.0
    Net cash (used for) provided by financing activities (USD, millions)(84.10)(487.0)294.1(136.90)(304.20)(295.70)(442.7)77.9
    Effect of exchange rate changes on cash and cash equivalents (USD, millions)6.702.7(4.7)(2.30)5.00(10.80)(12.8)3.3
    Net (decrease) increase in Cash and cash equivalents and Restricted cash (USD, millions)136.90(129.6)80.6(48.80)(209.80)(15.00)(193.0)18.8
    Changes in certain current assets and current liabilities (USD, millions)--(301.2)45.80(68.30)--(119.9)
    Extended warranty contracts and other deferred revenue (USD, millions)0.6014.62.16.303.00(1.90)9.52.3
    Cash and cash equivalents and Restricted cash at beginning of period (USD, millions)608.5608.5478.9478.9478.9478.9478.9285.9
    Cash and cash equivalents and Restricted cash at end of period (USD, millions)478.9478.9559.5510.7300.9285.9285.9304.7
    Less: Restricted cash (USD, millions)11.111.111.116.216.816.916.918.0
    Cash and cash equivalents at end of period (USD, millions)467.8467.8548.4494.5284.1269.0269.0286.7
    Revenue by Segment - in Millions of USDQ1 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Propulsion704.42,763.8578.2558.0485.9186.91,809.0-
    - Outboard Engines472.82,198.9450.5423.1373.5353.41,600.5-
    - Controls, Rigging, Propellers80.8391.690.4100.683.769.2343.9-
    - Sterndrive Engines37.1173.337.334.328.729.5129.8-
    Engine P&A239.71,199.8262.4336.1336.1219.91,154.5-
    - Distribution133.3691.8152.4195.8182.3126.6657.1-
    - Products104.4508.0110.0140.3153.899.6503.7-
    Navico Group229.3914.7210.9210.1184.1115720.1-
    Boat425.11,989.4425.7434.2345.3348.31,553.5-
    - Aluminum Freshwater Boats144726.0150.2148.2119.7133.1551.2-
    - Recreational Fiberglass Boats120.5643.0135.3132.488.383.7439.7-
    - Saltwater Fishing Boats124.4472.8107.2110.090.388.2395.7-
    - Business Acceleration37.7167.649.254.650.045.4199.2-
    Boat Eliminations/Other-($20.0)(16.2)(11.0)(3.0)-2.1(32.3)-
    Segment Eliminations-($466.3)(112.2)(94.5)(78.1)---
    Total Revenue1,361.96,401.41,365.01,443.91,273.31,154.95,237.1-
    Revenue by Geography - in Millions of USDQ1 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    United States602.64,449.81,015.41,059.1940.5532.63,547.6-
    - Europe148.2837.3216.1223.1170.0135.2744.4-
    - Asia-Pacific98.3410.090.788.589.188.8357.1-
    - Canada41.2373.072.983.476.842.1275.2-
    - Rest-of-World92.8331.382.184.375.071.4312.8-
    Segment Eliminations-($466.3)-112.2--78.1---
    Total Revenue1,361.96,401.41,365.01,443.91,273.31,154.95,237.1-
    KPIs - Metric (Unit, Scale)Q1 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Number of Mercury Marine solar installations (count)------3-
    Waste diversion rate at Mercury Marine’s European headquarters in Belgium (percentage)------95.9-
    Waste to landfill reduction at Land 'N' Sea Canada distribution facilities (percentage)-90----90-
    Waste to landfill reduction at Navico Group’s Ensenada Mexico facility (percentage)------90-
    Waste diversion rate at BLA distribution facility in Queensland (percentage)------85-
    Unsatisfied performance obligations (total) (USD millions)-183.6189.8191.6196.4-187.1-
    Unsatisfied performance obligations recognized in 2025 (USD millions)--52.047.264.8-60.5-
    Unsatisfied performance obligations recognized after 2025 (USD millions)-122.989.2105.7110.9-126.6-