Brunswick Corporation Reports Earnings Results for the Second Quarter Ended July 3, 2021
July 29, 2021 at 06:22 am EDT
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Brunswick Corporation announced earnings results for the second quarter ended July 3, 2021. For the second quarter, the company announced sales was USD 1,554.8 million compared to USD 987.8 million a year ago. Operating income was USD 250.2 million compared to USD 107 million a year ago. Net income was USD 179.4 million compared to USD 70.7 million a year ago. Basic earnings per share was USD 2.3 compared to USD 0.89 a year ago. Diluted earnings per share was USD 2.29 compared to USD 0.89 a year ago. For the half year, sales was USD 2,988 million compared to USD 1,953.3 million a year ago. Operating income was USD 482.1 million compared to USD 210.2 million a year ago. Net income was USD 348.7 million compared to USD 139.7 million a year ago. Basic earnings per share was USD 4.47 compared to USD 1.75 a year ago. Diluted earnings per share was USD 4.44 compared to USD 1.75 a year ago. Basic earnings per share from continuing operations was USD 4.47 compared to USD 1.78 a year ago. Diluted earnings per share from continuing operations was USD 4.44 compared to USD 1.77 a year ago.
Brunswick Corporation designs, manufactures and markets recreational marine products, including marine propulsion products and boats, as well as parts and accessories for the marine and RV markets. Its segments include Propulsion, Engine Parts and Accessories (Engine P&A), Navico Group and Boat. The Propulsion segment designs, manufactures and sells engines, controls, rigging, and propellers globally. The Engine P&A segment sells products such as engine parts and consumables including oils and lubricants, electrical products, boat parts and systems, and also includes its marine parts and accessories distribution businesses. The Navico Group segment designs, develops, manufactures, and markets products and systems for the marine and RV, specialty vehicle markets. The Boat segment consists of the Brunswick Boat Group (Boat Group), which manufactures and distributes recreational boats, and Business Acceleration. Its boat brands include Boston Whaler, Lund, Sea Ray and Bayliner.