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Free Research Report as Brunswick’s Net Sales Jumped 7% and Adjusted EPS Soared 15%

Stock Monitor: Lindblad Expeditions Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want access to our free earnings report on Brunswick Corp. (NYSE: BC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BC. The Company reported its first quarter fiscal 2018 operating and financial results on April 26, 2018. The boat and sporting goods Company outperformed top- and bottom-line expectations. Additionally, the Company updated its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND), which also belongs to the Consumer Goods sector as the Company Brunswick. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=LIND

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Brunswick most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BC

Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, Brunswick reported net sales of $1.16 billion, up 7% from $1.08 billion in Q1 2017. The Company's revenue numbers surpassed analysts' estimates of $1.15 billion.

For Q1 2018, Brunswick reported operating earnings of $115.4 million, which included $1.7 million of costs related to the planned Fitness business separation and $1.2 million of restructuring, exit, integration, and impairment charges. For Q1 2017, Brunswick had operating earnings of $103.4 million, which included $8.3 million of restructuring, exit, integration, and impairment charges.

During Q1 2018, Brunswick reported net earnings of $80.5 million, or $0.91 per diluted share, compared to $74.2 million, or $0.81 per diluted share, in Q1 2017. The Company's earnings for the reported quarter included a charge from special tax items of $0.08 per diluted share; costs related to the planned Fitness business separation of $0.01 per diluted share; and restructuring, exit, integration, and impairment charges of $0.01 per diluted share, while earnings for the prior year's same quarter included $0.07 per diluted share of restructuring, exit, integration, and impairment charges.

Brunswick's non-GAAP earnings jumped 15% to $1.01 per diluted share compared to $0.88 per diluted share in Q1 2017. The Company's earnings beat Wall Street's estimates of $0.95 per share.

Segment Results

During Q1 2018, Brunswick's Marine Engine segment, which manufactures and distributes marine propulsion systems and related parts and accessories, reported net sales of $687.1 million, up 9% from $631.8 million in Q1 2017, driven by a strong growth in propulsion, led by increases in outboard engines, and a solid growth in the parts and accessories businesses. The segment's international sales, which represented 31% of total segment sales in the reported quarter, grew 10% versus the prior year's comparable period. For Q1 2018, the Marine Engine segment reported operating earnings of $95.7 million compared to $87.7 million in Q1 2017. The increase in operating earnings was primarily due to benefits from higher net sales and favorable movements in foreign exchange rates.

During Q1 2018, Brunswick's Boat segment, which manufactures and distributes recreational boats, reported net sales of $304.0 million, up 7% from $284.9 million in Q1 2017. The segment's international sales, which represented 28% of total segment sales in the reported quarter, increased by 14% on a y-o-y basis. For Q1 2018, the segment reported operating earnings of $24.7 million compared to $16.2 million in the year earlier corresponding quarter. The Boat segment's revenues reflected a strong growth in the fiberglass freshwater boat businesses, comprised of its Bayliner brand, along with the Company's European brands, Quicksilver and Uttern, and a solid growth in the aluminum freshwater boat businesses.

Brunswick's Fitness segment, which manufactures and distributes strength and cardiovascular fitness equipment and active recreation products, reported net sales of $244.4 million in Q1 2018, reflecting an increase of 4% from $235.6 million in Q1 2017. The segment's international sales, which represented 50% of total segment sales in the reported quarter, increased by 14% on a y-o-y basis. For Q1 2018, the segment reported operating earnings of $11.0 million, which included restructuring, exit, integration, and impairment charges of $1.2 million, compared to $18.3 million in the year earlier same quarter, which included restructuring, exit, integration, and impairment charges of $2.4 million.

Cash Matters

Brunswick's cash and marketable securities totaled $294.2 million at the end of Q1 2018, down $164.8 million from year-end 2017 levels. The reduction includes net cash used for operating activities of $43.1 million in the reported quarter, which improved by $23.2 million versus the prior year. This usage of cash was primarily the result of seasonal changes in working capital.

Outlook

Brunswick raised the lower end of its revenue guidance for FY18, and now expects a revenue growth of 6% to 7%, excluding any significant changes in global macro-economic conditions. The Company also narrowed the range for its earnings expectations, as adjusted, to $4.50 to $4.65, for the full year FY18.

Stock Performance Snapshot

May 18, 2018 - At Friday's closing bell, Brunswick's stock marginally fell 0.24%, ending the trading session at $62.49.

Volume traded for the day: 527.44 thousand shares.

Stock performance in the last month – up 5.03%; previous three-month period – up 5.84%; past twelve-month period – up 14.14%; and year-to-date – up 13.17%

After last Friday's close, Brunswick's market cap was at $5.46 billion.

Price to Earnings (P/E) ratio was at 19.93.

The stock has a dividend yield of 1.22%.

The stock is part of the Consumer Goods sector, categorized under the Recreational Goods, Other industry.

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