BC - Brunswick Non-GAAP EPS of $1.99 beats by $0.01 revenue of $1.58B misses by $80M initiates FY23 and Q1 guidance
- Brunswick press release ( NYSE: BC ): Q4 Non-GAAP EPS of $1.99 beats by $0.01 .
- Revenue of $1.58B (+10.5% Y/Y) misses by $80M .
- FY23 Outlook:
- U.S. marine industry retail unit sales to be down modestly versus 2022, with premium segments performing better than certain value segments; . Net sales between $6.8 billion and $7.2 billion vs consensus of $7.06B, Adjusted operating margin of approximately 15%; . Operating expenses flat to increase slightly as a percent of sales, with continued, focused spending on ACES and other growth initiatives; Free cash flow in excess of $375 million; Adjusted diluted EPS in the range of $9.50 - $11.00 vs consensus of $10.46;
- First quarter 2023 flat to slight revenue growth over first quarter 2022, and adjusted EPS between $2.30 and $2.40 vs consensus of $2.74.
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Brunswick Non-GAAP EPS of $1.99 beats by $0.01, revenue of $1.58B misses by $80M, initiates FY23 and Q1 guidance