Q2 25 EPS
$1.16
BEAT +21.80%
Est. $0.95
Q2 25 Revenue
$1.45B
BEAT +15.10%
Est. $1.26B
vs S&P Since Q2 25
+26.7%
BEATING MARKET
BC +43.5% vs S&P +16.8%
Market Reaction
Did BC Beat Earnings? Q2 2025 Results
Brunswick Corporation delivered a standout second quarter, posting adjusted diluted EPS of $1.16 against a consensus estimate of $0.95, a beat of 21.80%, while revenue of $1.45 billion cleared expectations by 15.10% and held essentially flat year-ove… Read more Brunswick Corporation delivered a standout second quarter, posting adjusted diluted EPS of $1.16 against a consensus estimate of $0.95, a beat of 21.80%, while revenue of $1.45 billion cleared expectations by 15.10% and held essentially flat year-over-year, up just 0.2%. The outperformance came despite tariff headwinds and uncooperative weather early in the period, with the most compelling story emerging from free cash flow, where Brunswick generated a record $288 million in Q2 alone, the strongest second-quarter result in company history. Recurring revenue streams, spanning engine parts and accessories, Freedom Boat Club, and Navico aftermarket, contributed nearly 60% of adjusted operating earnings, lending the portfolio a defensive quality that resonated with investors even as Moody's flagged credit concerns tied to elevated leverage and soft boat demand. Looking ahead, Brunswick maintained its full-year net sales outlook of approximately $5.2 billion and adjusted diluted EPS of approximately $3.25, while raising free cash flow guidance to in excess of $400 million, with improving July retail trends offering cautious optimism heading into the back half.
Key Takeaways
- • Strong U.S. OEM orders driving Propulsion segment sales growth
- • Mercury outboard engines gained over 300 basis points of U.S. retail share in engines over 300 horsepower
- • Aftermarket and recurring revenue businesses contributed nearly 60% of Q2 adjusted operating earnings
- • Record Q2 free cash flow of $288 million driven by working capital management
- • Cost control and tariff mitigation plans resulting in smaller net tariff impact than originally anticipated
- • Engine P&A distribution gained 180 basis points of U.S. market share on rolling twelve-month basis
BC YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
BC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Brunswick delivered strong second quarter results as the power of our market-leading products and brands, efficient operational execution and cost control, continued prudent pipeline inventory management, and the benefits from the resilient, recurring, aftermarket-focused portions of our portfolio, resulted in second quarter financial performance ahead of expectations. This was despite the challenging macro environment and uncooperative weather in many parts of the U.S. through the first two months of the quarter.”
— David Foulkes, Q2 2025 Earnings Press Release
BC Earnings Trends
BC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BC EPS Trend
Earnings per share: estimate vs actual
BC Revenue Trend
Quarterly revenue: estimate vs actual
BC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.45 | $0.70 | +54.29% | $1.38B | +4.20% |
| Q4 25 BEAT FY | $0.57 | $0.58 | +2.00% | $1.33B | +10.28% |
| FY Full Year | $3.26 | $3.27 | +0.38% | $5.36B | +2.39% |
| Q3 25 BEAT | $0.86 | $0.97 | +13.30% | $1.36B | +7.81% |
| Q2 25 BEAT | $0.95 | $1.16 | +21.80% | $1.45B | +15.10% |
| Q1 25 BEAT | $0.22 | $0.56 | +155.13% | $1.22B | +7.59% |