Brunswick Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/25 10:42

Brunswick (NYSE:BC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.27b (down 20% from 3Q 2023).
  • Net income: US$47.3m (down 59% from 3Q 2023).
  • Profit margin: 3.7% (down from 7.1% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$0.71 (down from US$1.63 in 3Q 2023).
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NYSE:BC Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Brunswick Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Brunswick that you need to take into consideration.