logo
  

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
Swiss luxury goods group Compagnie Financiere Richemont AG reported Friday significantly higher profit in fiscal 2022 with strong growth in demand. The company also lifted its dividend, and announced a special dividend. Meanwhile, the shares were losing around 12 percent in the morning trading in Switzerland. Coeurd-Alene, Idaho-based White Cane Smoked Salmon LLC is recalling Wild Alaskan Cooked and Smoked Salmon as it contains undeclared wheat and soy, known allergens, the U.S. Food and Drug Administration said. The affected Alaskan Cooked and Smoked Salmon is packaged in vacuum bag, sold frozen, and there is no lot code or best by date on a package. Auto giant Ford Motor Co. (F) has issued a recall of about 39,000 2021 Expedition and Lincoln Navigator vehicles due to fire risk. The company has asked the customers of the recalled 2021 Ford Expedition and Lincoln Navigator SUVs to park their vehicles outside and away from structures while it investigates...
RELATED NEWS
Follow RTT