BC - Marine Industry Giant Brunswick's Q3 Sales Sink Over 6% & Cuts FY23 Outlook: Here's Why | Benzinga
Brunswick Corporation (NYSE: BC) reported Q3 2023 sales decline of 6.2% year-on-year, to $1.59 billion, missing the consensus of $1.66 billion.
Third-quarter sales were below prior year with lower wholesale orders resulting from field inventory reaching normal levels and softer retail market conditions.
Adjusted EPS of $2.42 beat the analyst consensus of $2.36.
The propulsion segment reported a 1% increase in sales resulting from a favorable product mix related to increased high-horsepower outboard ...