Q3 25 EPS
$0.97
BEAT +13.30%
Est. $0.86
Q3 25 Revenue
$1.36B
BEAT +7.81%
Est. $1.26B
vs S&P Since Q3 25
+19.4%
BEATING MARKET
BC +29.8% vs S&P +10.3%
Market Reaction
Did BC Beat Earnings? Q3 2025 Results
Brunswick Corporation delivered a stronger-than-expected third quarter for fiscal 2025, posting adjusted diluted EPS of $0.97 against a consensus estimate of $0.86, a beat of 13.30%, while revenue of $1.36 billion topped expectations by 7.81% and ros… Read more Brunswick Corporation delivered a stronger-than-expected third quarter for fiscal 2025, posting adjusted diluted EPS of $0.97 against a consensus estimate of $0.86, a beat of 13.30%, while revenue of $1.36 billion topped expectations by 7.81% and rose 6.8% year over year. The headline story behind the outperformance was broad-based segment strength, with all four divisions growing revenue despite a U.S. Marine retail market tracking down roughly 8% for the year; the Propulsion segment led the way with a 10.2% gain to $535.40 million, aided by strong OEM demand and Mercury Marine holding 49.4% domestic outboard market share. Free cash flow was a particular standout, reaching $354.60 million year-to-date compared with just $6.60 million in the prior-year period, prompting management to raise its full-year free cash flow target to greater than $425 million. Brunswick reaffirmed its full-year net sales outlook of approximately $5.20 billion and adjusted EPS of approximately $3.25, while expressing cautious optimism for a modestly stronger 2026 industry environment supported by declining interest rates and ongoing tariff mitigation efforts.
Key Takeaways
- • Strong OEM orders in a low field inventory environment driving Propulsion segment growth
- • Mercury Marine holding 49.4% U.S. outboard market share in Q3
- • Healthy boating participation driving Engine Parts & Accessories growth with distribution business up 12%
- • Premium boat brands and aluminum boat businesses delivering strong performance
- • Freedom Boat Club contributing approximately 13% of Boat segment sales and expanding to ~440 global locations
- • Recurring revenue businesses contributing more than 60% of adjusted operating earnings
- • Lower discounting improving Boat segment gross margins
BC YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
BC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Brunswick delivered strong third quarter results with each reporting segment generating revenue growth over the third quarter of 2024 and overall financial performance exceeding expectations and guidance for the quarter. The sales growth reflected strength across all our businesses despite a challenging, albeit improving, macro-environment and industry backdrop. Our market-leading propulsion and boat portfolios outperformed their respective markets, and our recurring-revenue, parts and accessories, and other aftermarket-focused businesses, along with Freedom Boat Club, continued to benefit from healthy boating activity.”
— David Foulkes, Q3 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% |