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Brunswick Corp (BC.N)

BC.N on New York Stock Exchange

45.54USD
23 May 2019
Change (% chg)

$-1.42 (-3.02%)
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Volume
258,026
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$69.74
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Latest Key Developments (Source: Significant Developments)

Brunswick Approves New Share Repurchase Authorization
Wednesday, 8 May 2019 

May 8 (Reuters) - Brunswick Corp ::ORATION APPROVES NEW SHARE REPURCHASE AUTHORIZATION; DECLARES REGULAR QUARTERLY DIVIDEND.SETS REGULAR QUARTERLY DIVIDEND OF $0.21PER SHARE.APPROVED A NEW SHARE REPURCHASE AUTHORIZATION OF $450 MILLION AND DECLARED A REGULAR QUARTERLY DIVIDEND..BRUNSWICK-FITNESS DIVESTITURE, WHICH IS EXPECTED TO CLOSE IN Q2, TO PROVIDE $455 MILLION TO $465 MILLION OF ADDITIONAL CASH TO DEPLOY AGAINST CAPITAL STRATEGY.PLAN TO EXECUTE DEBT REDUCTIONS OF AT LEAST $150 MILLION IN 2019.CO'S LONGER-TERM OBJECTIVE FOR DEBT RETIREMENT IS NOW ABOUT $300 MILLION BY END OF 2021.  Full Article

Brunswick Corp Reports Q1 Adjusted Earnings Per Share Of $0.99
Thursday, 25 Apr 2019 

April 25 (Reuters) - Brunswick Corp ::BRUNSWICK RELEASES FIRST QUARTER 2019 EARNINGS.QTRLY NET SALES OF $1,275.9 MILLION, UP FROM $1,211.4 MILLION A YEAR EARLIER.QTRLY LOSS PER SHARE $0.42.QTRLY ADJUSTED EARNINGS PER SHARE $0.99.OUTLOOK FOR 2019 REMAINS CONSISTENT WITH EXISTING THREE-YEAR STRATEGIC PLAN.SEES 2019 OVERALL REVENUE GROWTH RATES IN THE RANGE OF 8 TO 10 PERCENT.GUIDANCE FOR 2019 AS ADJUSTED DILUTED EPS,EXCLUDING FITNESS BUSINESS, REMAINS IN RANGE OF $4.50 TO $4.70.INCLUSIVE OF ESTIMATED FY RESULTS OF FITNESS BUSINESS, GUIDANCE FOR 2019 AS ADJUSTED EPS REMAINS IN RANGE OF $4.80 TO $5.05.Q1 EARNINGS PER SHARE VIEW $0.98, REVENUE VIEW $1.29 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $4.97 -- REFINITIV IBES DATA.  Full Article

Brunswick Says For 2018 Ratio Of CEO Compensation To Median Worker Compensation Is 1631
Friday, 22 Mar 2019 

March 22 (Reuters) - Brunswick Corp ::BRUNSWICK CORP - FOR 2018, RATIO OF CEO TOTAL COMPENSATION TO MEDIAN WORKER TOTAL COMPENSATION IS 163:1.BRUNSWICK CORP SAYS CEO MARK SCHWABERO'S FY 2018 TOTAL COMPENSATION WAS $8.2 MILLION VERSUS $7.1 MILLION IN FY 2017 - SEC FILING.  Full Article

Brunswick Corporation Announces Pricing Of $200 Million Debt Offering
Tuesday, 26 Feb 2019 

Brunswick Corp ::BRUNSWICK CORPORATION ANNOUNCES PRICING OF $200 MILLION DEBT OFFERING.BRUNSWICK CORP - PRICING OF ITS OFFERING OF $200 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.375 PERCENT SENIOR UNSECURED NOTES DUE 2049.  Full Article

Brunswick Corp Announces Pricing Of $175 Mln Debt Offering
Tuesday, 2 Oct 2018 

Oct 1 (Reuters) - Brunswick Corp ::BRUNSWICK CORPORATION : BRUNSWICK CORPORATION ANNOUNCES PRICING OF $175 MILLION DEBT OFFERING.BRUNSWICK CORP - PRICING OF ITS OFFERING OF $175 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.5 PERCENT SENIOR UNSECURED NOTES DUE 2048.  Full Article

Brunswick Expects Costs Of $50 Mln - $60 Mln From Discontinuation Of Yacht Models
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Brunswick Corp ::BRUNSWICK - EXPECTS TO INCUR RESTRUCTURING AND WIND DOWN COSTS IN CONNECTION WITH DISCONTINUATION OF SPORT YACHT &YACHT MODELS OF $50 MILLION - $60 MILLION.BRUNSWICK CORP SAYS ESTIMATES SUBSTANTIAL PORTION OF CHARGES TO BE RECORDED IN Q2 OF 2018 - SEC FILING.BRUNSWICK CORP - IN CONNECTION WITH RESTRUCTURING ACTIONS, CO EXPECTS TOTAL NET CASH EXPENDITURES OF $10 TO $20 MILLION THROUGH FISCAL YEAR 2020.  Full Article

Brunswick Announces Plans To Spin-Off Fitness Business
Thursday, 1 Mar 2018 

March 1 (Reuters) - Brunswick Corp ::BRUNSWICK CORPORATION : BRUNSWICK ANNOUNCES PLANS TO SPIN-OFF FITNESS BUSINESS.BRUNSWICK CORP - MARK SCHWABERO TO REMAIN CHAIRMAN AND CEO OF BRUNSWICK; JAIME IRICK TO LEAD FITNESSCO.BRUNSWICK CORP - ‍BOARD OF DIRECTORS HAS AUTHORIZED PROCEEDING WITH A SPIN-OFF OF ITS FITNESS BUSINESS​.BRUNSWICK CORP - ‍FOLLOWING SPIN-OFF, BRUNSWICK WILL COMPRISED OF MARINE ENGINE AND BOAT SEGMENTS​.BRUNSWICK - FOLLOWING PROPOSED DEAL, FITNESS BUSINESS WILL BE INDEPENDENT, STANDALONE, PUBLICLY TRADED CO, "FITNESSCO".BRUNSWICK - PROPOSED TRANSACTION IS ANTICIPATED TO BE TAX-FREE TO CO'S SHAREHOLDERS FOR U.S. FEDERAL INCOME TAX PURPOSES.BRUNSWICK CORP - ‍PROPOSED TRANSACTION IS PROJECTED TO BE COMPLETE BY END OF Q1 2019​.  Full Article

Brunswick Reports Q4 Loss Per Share $1.32‍​
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Brunswick Corp ::ORATION : BRUNSWICK RELEASES FOURTH QUARTER, FULL-YEAR 2017 EARNINGS.QTRLY NET SALES OF $1,090.9 MILLION, UP FROM $986.3 MILLION IN 2016.2018 GUIDANCE INCLUDES REVENUE GROWTH OF 5% TO 7% AND DILUTED EPS, AS ADJUSTED, INCREASED TO $4.45 TO $4.65.QTRLY LOSS PER SHARE $1.32‍​.FY2018 EARNINGS PER SHARE VIEW $4.36, REVENUE VIEW $5.04 BILLION -- THOMSON REUTERS I/B/E/S.OUTLOOK FOR 2018 IS "GENERALLY CONSISTENT" WITH RECENTLY PROVIDED THREE-YEAR STRATEGIC PLAN.FOR FULL-YEAR 2018, EXPECT TO GENERATE FREE CASH FLOW IN EXCESS OF $275 MILLION.FOR THE FULL-YEAR 2018, EXPECT TO GENERATE FREE CASH FLOW IN EXCESS OF $275 MILLION‍​.FOR THE FULL-YEAR, ANTICIPATE IMPROVEMENT IN BOTH GROSS MARGINS AND OPERATING MARGINS.IN THE FITNESS SEGMENT, CO IS PLANNING FOR MARKET DEMAND IN 2018 SIMILAR TO THE SECOND HALF OF 2017.QTRLY ADJUSTED EPS FROM CONTINUING OPERATIONS $0.70.  Full Article

Brunswick Corporation Intends To Sell Sea Ray
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - Brunswick Corp ::BRUNSWICK CORPORATION : BRUNSWICK CORPORATION INTENDS TO SELL SEA RAY.BRUNSWICK CORP - REAFFIRMING ITS RECENT EPS GUIDANCE AND TARGET RANGES FOR 2017, 2018 AND 2020 PLAN.BRUNSWICK - LAZARD'S MIDDLE MARKET ADVISORY ACTING AS CO'S INVESTMENT BANKER FOR SEA RAY DEAL, WHICH IS EXPECTED TO BE COMPLETED IN H1 2018.  Full Article

Brunswick qtrly gaap diluted EPS of $0.88
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Brunswick Corp ::Brunswick Corporation : Brunswick releases third quarter 2017 earnings.Brunswick Corp qtrly gaap diluted EPS of $0.88 and diluted EPS, as adjusted, of $0.91‍​.Brunswick Corp - for the third quarter of 2017, Brunswick reported net sales of $1,141.5 million, up from $1,093.0 million a year earlier‍​.Brunswick Corp sees 2017 diluted eps, as adjusted, range to $3.85 to $3.87‍​.Brunswick Corp - for 2017, co's expectation remains that it will generate positive free cash flow in excess of $250 million‍​.Brunswick Corp - gross margin percentage will be down for the year, but not to the same degree as year-to-date comparisons.Brunswick Corp - for FY, anticipate a modest decrease in operating margins.Q3 earnings per share view $0.99, revenue view $1.16 billion -- Thomson Reuters I/B/E/S.FY 2017 earnings per share view $4.04 -- Thomson Reuters I/B/E/S.Brunswick - consolidated plan reflects revenue growth rates in 2017 of about 7 percent for year, with slightly lower growth rate in Q4.  Full Article