Every material Form 8-K Brunswick filed with the SEC in 2024, 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 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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Brunswick filing is on SEC EDGAR ↗. 8-K briefs of other companies →