Every material Form 8-K Brunswick has filed with the SEC since October 26, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Brunswick reported third-quarter 2026 net sales of $1,453.9 million, up 6.9% from a year earlier, with GAAP diluted EPS of $1.01 and adjusted diluted EPS of $1.58, up 63%. The company raised its full-year 2026 adjusted diluted EPS guidance to approximately $4.65. The release also states that Aine Denari will succeed David Foulkes as CEO effective January 1, 2027.
Net sales were $1,453.9 million, up 6.9% from $1,360.2 million in the third quarter of 2025.
GAAP diluted EPS was $1.01 versus a loss of $3.57 a year earlier; adjusted diluted EPS was $1.58 versus $0.97.
Updated 2026 guidance: net sales $5.7 billion to $5.8 billion, adjusted diluted EPS approximately $4.65, free cash flow $400 million or more.
Aine Denari will succeed David Foulkes as Chief Executive Officer effective January 1, 2027.
Brunswick Corporation said Chairman and CEO David Foulkes will retire at the end of 2026. Executive Aine Denari becomes CEO and David Everitt becomes Non-Executive Chairman, both effective January 1, 2027, which sets a defined leadership handover for shareholders. The filing also discloses retention equity awards to three senior executives, including the CFO.
David Foulkes notified the Board on September 17, 2026 of his retirement as Chairman and CEO, effective December 31, 2026
Aine Denari, 54, currently EVP and President of Navico Group and CTO, becomes CEO with a base salary of $1,150,000
David Everitt, current Lead Independent Director, becomes Non-Executive Chairman effective January 1, 2027
Retention RSU grants with grant-date values of $3,000,000 to CFO Ryan Gwillim and $1,700,000 each to John Buelow and Brenna Preisser
Brunswick reported second-quarter 2026 net sales of $1,557.8 million, up 8 percent, with GAAP diluted EPS of $1.66 and as adjusted diluted EPS of $1.56. The company raised its full-year 2026 as adjusted diluted EPS guidance to $4.35 to $4.75, and the quarter included a benefit from IEEPA tariff refunds, which the company said it expects to total $25 to $30 million in 2026.
Q2 2026 net sales of $1,557.8 million, up 8 percent from Q2 2025; GAAP diluted EPS $1.66 versus $0.90, and as adjusted diluted EPS $1.56 versus $1.16
Full-year 2026 guidance: as adjusted diluted EPS $4.35 to $4.75, net sales $5.7 billion to $5.8 billion, free cash flow $400 million or more
Third quarter 2026 guidance: revenue of $1.4 billion to $1.5 billion and as adjusted diluted EPS of $1.20 to $1.40
Expected full-year incremental tariffs of about $40 million; Investor Day scheduled for August 11, 2026
Brunswick reported first-quarter 2026 net sales of $1,378.1 million, up 12.8% from a year earlier, and adjusted diluted EPS of $0.70, up 25%. The company raised its full-year 2026 adjusted diluted EPS guidance to $4.00 to $4.50, but GAAP operating earnings fell 10.7% to $50.3 million and free cash flow was negative $116.8 million for the quarter.
Q1 2026 GAAP diluted EPS was $0.32, up 6.7%; adjusted diluted EPS was $0.70, up 25%.
Full-year 2026 guidance: net sales $5.65 billion to $5.8 billion, adjusted diluted EPS $4.00 to $4.50, free cash flow $350 million or more.
Q1 GAAP operating earnings were $50.3 million, down 10.7%, including a $10.4 million supplier bankruptcy expense.
Q2 2026 guidance: revenue of $1.45 billion to $1.55 billion and adjusted diluted EPS of $1.10 to $1.20.
Brunswick reported fourth-quarter 2025 net sales of $1,333.8 million, up 15.5%, with adjusted diluted EPS of $0.58 versus $0.24 a year earlier. For full-year 2025, GAAP diluted EPS was a loss of $2.06 after $353.1 million of restructuring, exit and impairment charges, while adjusted diluted EPS fell 28.4% to $3.27. The company guided 2026 net sales of $5.6 billion to $5.8 billion and adjusted diluted EPS of $3.80 to $4.40.
Q4 2025 net sales were $1,333.8 million, up 15.5%, and GAAP diluted EPS was $0.28.
Full-year 2025 net sales were $5,362.8 million, up 2.4%, the first full-year sales growth in three years according to the company.
Full-year 2025 GAAP operating loss was $40.7 million, compared with earnings of $311.6 million in 2024.
2026 guidance: net sales of $5.6 billion to $5.8 billion and adjusted diluted EPS of $3.80 to $4.40.
Brunswick reported third-quarter 2025 net sales of $1.36 billion, up 6.8% from a year earlier, but a GAAP diluted loss of $3.57 per share, driven by $333.8 million of restructuring, exit and impairment charges. As adjusted diluted EPS fell 17.1% to $0.97, and the company confirmed full-year adjusted EPS guidance of approximately $3.25 while raising its free cash flow guidance to more than $425 million.
Net sales of $1,360.2 million, up from $1,273.3 million in the third quarter of 2024.
GAAP diluted EPS of $(3.57), including $333.8 million of restructuring, exit and impairment charges; as adjusted diluted EPS of $0.97 versus $1.17 a year earlier.
Full-year 2025 as adjusted diluted EPS guidance of approximately $3.25 confirmed; free cash flow guidance raised to greater than $425 million.
Third-quarter free cash flow of $111 million and $355 million year to date.
Brunswick reported second quarter 2025 net sales of $1,447.0 million, roughly flat year over year, while GAAP diluted EPS fell to $0.90 from $1.55 and as adjusted diluted EPS fell to $1.16 from $1.80. The company kept its full-year as adjusted diluted EPS guidance midpoint at approximately $3.25 and raised its free cash flow expectation to more than $400 million, but provided Q3 adjusted EPS of $0.75 to $0.90 on revenue of $1.1 to $1.3 billion, which is below the prior-year level.
Q2 2025 net sales $1,447.0 million, up 0.2% from $1,443.9 million; GAAP operating earnings $103.3 million, down 34.7%
Full-year 2025 guidance: net sales of approximately $5.2 billion, as adjusted diluted EPS of approximately $3.25, free cash flow above $400 million
Q3 2025 guidance: revenue of $1.1 to $1.3 billion and as adjusted diluted EPS of $0.75 to $0.90
Free cash flow of $288 million in Q2 2025, a second-quarter record; $43 million of share repurchases through the second quarter
Brunswick reported first quarter 2025 net sales of $1,221.8 million, down 10.5% from a year earlier, with GAAP diluted EPS of $0.30 and adjusted diluted EPS of $0.56, both sharply lower than the prior year. The company also issued updated full-year 2025 guidance of $5.0 billion to $5.4 billion in net sales and adjusted diluted EPS of $2.50 to $4.00, and second-quarter guidance of $1.1 billion to $1.3 billion in revenue. The filing does not state the prior guidance, so the direction of the update cannot be determined from this document.
Q1 2025 net sales of $1,221.8 million, down from $1,365.0 million in Q1 2024
GAAP diluted EPS of $0.30 vs. $1.00 a year earlier; adjusted diluted EPS of $0.56 vs. $1.35
Updated 2025 guidance: net sales $5.0 billion to $5.4 billion; adjusted diluted EPS $2.50 to $4.00; free cash flow above $350 million
Q2 2025 guidance: revenue of $1.1 billion to $1.3 billion and adjusted diluted EPS of $0.80 to $1.10
Brunswick reported fourth-quarter 2024 net sales of $1,154.9 million, down from $1,361.9 million a year earlier, and a GAAP diluted loss of $(1.07) per share compared with earnings of $1.03 per share in the prior-year quarter. For full-year 2024, GAAP diluted EPS fell 63.9% to $2.21, and adjusted diluted EPS fell 48.1% to $4.57, while the company guided to 2025 net sales of $5.2 billion to $5.6 billion and adjusted diluted EPS of $3.50 to $5.00.
Q4 2024 net sales were $1,154.9 million, down 15.2% from $1,361.9 million in Q4 2023.
Q4 2024 GAAP diluted EPS was $(1.07), versus $1.03 a year earlier; as adjusted EPS was $0.24, down 83.4%.
Full-year 2024 GAAP diluted EPS was $2.21, down 63.9%; as adjusted diluted EPS was $4.57, down 48.1%.
2025 guidance calls for net sales of $5.2 billion to $5.6 billion and adjusted diluted EPS of $3.50 to $5.00; first-quarter 2025 adjusted EPS is guided to $0.15 to $0.25.
Brunswick reported third-quarter 2024 net sales of $1,273.3 million, down 20.1% from $1,593.6 million a year earlier, as dealers and boat makers ordered less and discounting rose. GAAP diluted EPS fell to $0.71 from $1.63, and adjusted diluted EPS was $1.17 versus $2.42. The company updated full-year 2024 guidance to adjusted diluted EPS of approximately $4.50 and net sales of $5.1 to $5.2 billion.
Q3 2024 net sales $1,273.3 million, down 20.1%; GAAP operating margin 7.7% vs. 12.3% a year earlier
Diluted EPS $0.71 GAAP and $1.17 as adjusted, versus $1.63 and $2.42 in Q3 2023
2024 guidance: net sales $5.1 to $5.2 billion, adjusted diluted EPS about $4.50, free cash flow about $250 million, share repurchases about $200 million
Brunswick entered into an amended and restated revolving credit agreement with JPMorgan Chase Bank as administrative agent, raising revolving commitments to $1 billion with capacity for up to $100 million more. The company also doubled its unsecured commercial paper program to $1 billion, and the filing states the proceeds are expected for general corporate purposes, giving shareholders a clearer view of expanded borrowing capacity.
Revolving commitments increased to $1,000,000,000, with capacity to add up to $100,000,000 more
Maturity extended to October 11, 2029, with up to two one-year extensions available
Commercial paper program increased from $500,000,000 to $1,000,000,000 outstanding at any time
Agreement dated October 11, 2024; JPMorgan Chase Bank, N.A. is administrative agent
Brunswick reported second-quarter 2024 net sales of $1,443.9 million, down 15.2% from a year earlier, and GAAP diluted EPS of $1.55, down 18.8%. The company lowered its full-year 2024 outlook, citing weaker retail boat sales and continued cautious ordering by dealers and manufacturers, which points to lower earnings for shareholders this year.
Q2 2024 net sales were $1,443.9 million, down from $1,702.3 million in Q2 2023; as adjusted diluted EPS was $1.80, down 23.4%.
Full-year 2024 guidance lowered to net sales of $5.2 billion to $5.4 billion and as adjusted diluted EPS of $5.00 to $5.50.
Full-year retail unit sales are now expected to be down approximately 10% versus the original forecast of flat.
Third-quarter 2024 guidance: net sales of $1.2 billion to $1.3 billion and as adjusted diluted EPS of $1.15 to $1.25.
Brunswick reported first quarter 2024 net sales of $1,365.0 million, down 21.7% from $1,743.6 million a year earlier, with GAAP diluted EPS of $1.00 (down 35.9%) and adjusted diluted EPS of $1.35 (down 47.5%). The company reiterated its 2024 guidance, including adjusted diluted EPS of $7.00 to $8.00 and net sales of $6.0 to $6.2 billion, so shareholders see weaker first-quarter results without a guidance cut.
Q1 2024 net sales were $1,365.0 million, down 21.7% from $1,743.6 million in Q1 2023.
GAAP diluted EPS was $1.00, down 35.9%; adjusted diluted EPS was $1.35, down 47.5%.
Propulsion sales fell 23.1% and Boat sales fell 26.0%; Navico Group sales fell 23.9%.
2024 guidance was reiterated: net sales of $6.0 to $6.2 billion and adjusted diluted EPS of $7.00 to $8.00.
Brunswick Corporation issued $400 million of 5.850% senior notes maturing March 18, 2029, under a sixth supplemental indenture dated March 18, 2024. The filing gives aggregate net proceeds of approximately $396,916,000 before estimated expenses, which the company plans to use for general corporate purposes, including possibly repaying its 0.85% senior notes due 2024. The filing adds a new debt obligation for shareholders but does not report any earnings or guidance effect.
$400 million aggregate principal of 5.850% senior notes due March 18, 2029; interest paid semiannually on March 18 and September 18, with the first payment on September 18, 2024
Aggregate net proceeds of approximately $396,916,000 before estimated expenses; proceeds may be used to repay, repurchase or redeem the 0.85% Senior Notes due 2024
If a change of control triggering event occurs, holders may require repurchase at 101% of principal plus accrued interest
Brunswick reported fourth-quarter 2023 net sales of $1,361.9 million, down 14% from a year earlier, and GAAP diluted EPS of $1.03 versus $1.93. For full-year 2023, GAAP diluted EPS fell 32.3% to $6.13 and adjusted diluted EPS fell 12.3% to $8.80. The company guided 2024 net sales of $6.0 billion to $6.2 billion and adjusted diluted EPS of $7.00 to $8.00, and its board increased the share repurchase authorization to over $500 million.
Q4 2023 net sales were $1,361.9 million, down from $1,582.7 million; GAAP diluted EPS was $1.03 versus $1.93, and adjusted EPS was $1.45 versus $1.99.
Full-year 2023 net sales were $6.4 billion, down 6.0%; GAAP diluted EPS was $6.13 versus $9.06 in 2022.
2024 guidance: net sales of $6.0 billion to $6.2 billion, adjusted diluted EPS of $7.00 to $8.00, and free cash flow in excess of $350 million.
Board increased the share repurchase authorization; over $500 million is now approved for repurchases.
Brunswick reported third-quarter 2023 net sales of $1,593.6 million, down 6.2% from a year earlier, with GAAP diluted EPS of $1.63 (down 27.9%) and adjusted diluted EPS of $2.42 (down 9.4%). The company updated its 2023 full-year guidance to adjusted diluted EPS of approximately $9.00 and net sales of $6.45 billion to $6.5 billion, which shareholders will weigh against the lower quarterly results.
Q3 2023 net sales $1,593.6 million, down from $1,698.2 million in Q3 2022
GAAP diluted EPS $1.63 and adjusted diluted EPS $2.42, versus $2.26 and $2.67 a year earlier
Updated 2023 guidance: net sales of $6.45 to $6.5 billion, adjusted diluted EPS of approximately $9.00, and free cash flow above $375 million
Boat segment net sales fell 16.1% and Navico Group sales fell 9.1% in the quarter
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