Brunswick

Brunswick (BC) Q1 2025 Earnings

Reported Apr 24, 2025 at 6:16 AM ET · SEC Source

Q1 25 EPS

$0.56

BEAT +155.13%

Est. $0.22

Q1 25 Revenue

$1.22B

BEAT +7.59%

Est. $1.14B

vs S&P Since Q1 25

+54.5%

BEATING MARKET

BC +90.0% vs S&P +35.5%

Market Reaction

Did BC Beat Earnings? Q1 2025 Results

Brunswick Corporation delivered a striking earnings beat in Q1 2025, posting adjusted diluted EPS of $0.56 against a consensus estimate of $0.22, a 155.13% positive surprise that underscored the company's resilience even as revenue declined 10.5% yea… Read more Brunswick Corporation delivered a striking earnings beat in Q1 2025, posting adjusted diluted EPS of $0.56 against a consensus estimate of $0.22, a 155.13% positive surprise that underscored the company's resilience even as revenue declined 10.5% year over year to $1.22 billion. That top-line result still cleared Wall Street expectations by 7.59%, with analysts projecting $1.14 billion. The most material driver behind the quarter's outperformance was the strength of Brunswick's recurring revenue businesses, including Engine Parts and Accessories, Freedom Boat Club, and Navico Group's aftermarket sales, which together contributed nearly 60% of adjusted operating earnings and helped offset softer wholesale ordering and reduced production absorption. A $160 million improvement in cash flow versus Q1 2024 added further credibility to management's execution story. Looking ahead, Brunswick guided full-year 2025 net sales of $5.00 billion to $5.40 billion and adjusted diluted EPS of $2.50 to $4.00, with the unusually wide range reflecting meaningful uncertainty tied to tariff and trade policy developments.

Key Takeaways

  • Recurring revenue businesses contributed nearly 60% of Q1 adjusted operating earnings
  • Mercury outboard engine lineup gained 40 basis points of U.S. retail share on rolling twelve-month basis
  • Engine P&A Distribution business delivered 2% sales growth through distribution market share gains
  • Freedom Boat Club contributed approximately 11% of Boat segment sales
  • Proactive pipeline management and structural cost reduction measures
  • Strong free cash flow generation with $160 million improvement versus Q1 2024
24/7 Wall St

BC YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

BC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“All of our businesses delivered a strong first quarter as the resilient composition of our portfolio, together with proactive pipeline management, well-received new products, the benefits of executed and ongoing structural cost reduction measures, and efficient execution resulted in first quarter financial performance ahead of expectations despite the challenging macro environment.”

— David Foulkes, Q1 2025 Earnings Press Release