Brunswick Reports Q4 Loss, Beats Estimates
Brunswick Corporation (BC) reported a fourth-quarter loss of $82.5 million on Thursday, reversing a profit in the same period last year. On a per-share basis, the Mettawa, Illinois-based company posted a loss of $1.24.
Adjusted earnings were 24 cents per share, exceeding Wall Street expectations. Analysts had estimated earnings of 18 cents per share.
Revenue reached $1.15 billion, also surpassing forecasts. Analysts had predicted revenue of $1.04 billion.
For the full year, Brunswick recorded a profit of $130.1 million, or $1.93 per share, on revenue of $5.24 billion.
Looking ahead, Brunswick projects per-share earnings between 15 cents and 25 cents for the current quarter ending in March. Revenue is estimated to be in the range of $1 billion to $1.2 billion.
For the full year, Brunswick anticipates earnings of $3.50 to $5 per share and revenue between $5.2 billion and $5.6 billion.
Since the start of the year, Brunswick shares have gained slightly over 5%. However, they have declined by 20% over the past 12 months.