Brunswick Again Boosts FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Brunswick Corp. (BC) raised its adjusted earnings and net sales guidance for the full-year 2021, based on the enhanced clarity on its ability to drive growth in upcoming periods. It also provided outlook for the third quarter.

For fiscal 2021, the company now projects adjusted earnings of about 8.00 per share on net sales between$5.65 billion and $5.75 billion. This does not include the potential benefits from the announced acquisition of Navico.

Previously, the company expected adjusted earnings in a range of $7.30 to $7.60 per share on net sales between $5.40 billion and $5.60 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.69 per share on net sales of $5.59 billion for the year. Analysts' estimates typically exclude special items.

The company also expects third quarter earnings per share growth of high-single digit percent on revenue growth in the mid-teens percent. The Street is looking for earnings of 1.94 per share on revenue growth of 28.2 percent to $1.38 billion for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
IntegraDose Compounding Services, LLC has recalled a total of eleven lots of antibiotic medication cefazolin in the form of injection for the potential lack of sterility assurance, the U.S. Food and Drug Administration or FDA said in a statement. The lack of sterility resulted from compounding in a newly installed biologic safety cabinet without completing dynamic smoke study testing. While reporting financial results for the fourth quarter on Thursday, professional services company Accenture Plc (ACN) initiated earnings and revenue growth outlook for the full-year 2022, above analysts' estimates and also provided revenue outlook for the first quarter. For fiscal 2022, the company... Impossible Foods Inc., a plant-based meat maker, is bringing its new plant-based pork product to the restaurants in U.S., Hong Kong and Singapore. Starting Thursday, Impossible pork will be available at Momofuku Ssäm Bar in Manhattan, New York City. It will serve Spicy Rice Cakes with Impossible Pork Ragu. Restaurants across the U.S. and Hong Kong can now order Impossible Pork for their menus.
Follow RTT