2024-07-25 14:04:06 ET
Summary
- Brunswick reported Q2 results with a sharper-than-expected earnings decline.
- The 2024 guidance was also lowered, as Brunswick now expects the industry weakness to persist longer than previously thought.
- Brunswick's revenues are still outperforming peers, and the company's earnings are resilient overall.
- The stock's valuation has gotten more attractive with the industry weakness, but within a margin of safety.
Brunswick Corporation (BC) reported the company's Q2 results with a sharp earnings decline, showing a continuation of the already well-known weak industry trends. The company is still reporting fairly resilient earnings and outperforming peers' revenue trends, making the declines non-threatening over the long term....
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Brunswick Q2: Deeper Temporary Weakness, But A More Attractive Valuation