Brunswick Third-Quarter Sales Rise 6.9% to $1.45 Billion as Adjusted EPS Reaches $1.58 and Full-Year Outlook Is Raised
Brunswick Corporation (NYSE: BC), the global marine recreation company, reported third-quarter 2026 results on October 29 in Mettawa, Illinois. Net sales rose 6.9% year over year to $1.454 billion, with growth in all four reporting segments for the fifth consecutive quarter.
Operating earnings were $104 million, compared with a loss of $242.2 million a year earlier. Adjusted operating earnings rose 37.9% to $146.7 million, and the adjusted operating margin increased from 7.8% to 10.1%. Adjusted diluted earnings per share from continuing operations were $1.58, up from $0.97 a year earlier.
By segment, Propulsion sales increased 6.6% to $570.5 million, with adjusted operating earnings up 51.1% to $68.6 million on demand from boat builders and higher-horsepower outboard applications. Engine Parts and Accessories sales reached $380.9 million, up 4.7%, with adjusted operating earnings up 13.6% to $93.6 million.
Navico Group sales grew 5.8% to $197.7 million and adjusted operating earnings rose 36.4% to $12 million, although the segment still recorded a GAAP operating loss of $1.5 million. Boat segment sales grew 9.5% to $394.4 million and adjusted operating earnings doubled to $14.2 million. The company estimates its Freedom Boat Club accounts for close to 70% of the North American boat club market.
Brunswick raised its full-year 2026 outlook to net sales of $5.7 billion to $5.8 billion, adjusted diluted earnings per share of approximately $4.65, an adjusted operating margin of approximately 8.0% and free cash flow of at least $400 million. The company has repurchased $75 million of shares year to date while continuing to retire debt.
Chairman and CEO David Foulkes said the quarter was characterized by solid execution across the enterprise, with financial performance ahead of expectations and adjusted operating margin up 230 basis points across all segments, and that most key drivers of current and future growth remain largely within the company's control despite macro and trade uncertainty. The company also announced that Aine Denari, president of Navico Group, will succeed Foulkes as chief executive on January 1, 2027.
Source: GSM · USA (original Chinese edition)
Photo: 图：游艇停泊在码头边的航拍（资料图）。照片：dronepicr 摄，CC BY 2.0，经 Wikimedia Commons。 / An aerial view of yachts moored at a marina (illustrative photo). Photo: dronepicr, CC BY 2.0, via Wikimedia Commons.
