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EarningsQ2 2026 Earnings Report

Brunswick (BC) Q2 2026 Earnings Report

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Previous Report: Q1 2026

BC Q2 2026 EPS Results

Actual EPS$1.56

Consensus EPS$1.19

Beat/MissBeat by +$0.37

One Year Ago EPS$1.16

BC Q2 2026 Revenue Results

Actual Revenue$1.56B

Expected Revenue$1.52B

Beat/MissBeat by +$35.62M

YoY Revenue Growth+7.66%

Earnings Announcement Details

QuarterQ2 2026

Date07/30/2026

TimeBefore Open

Conference CallThursday, July 30, 2026

BC Upcoming Earnings

Brunswick's next earnings date is estimated for October 22, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

BC Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized broad-based operational strength: revenue growth across all segments, significant adjusted EPS improvement, robust free cash flow and an upward revision to full-year guidance. These positives were tempered by notable near-term headwinds — incremental tariffs (~$40M), ongoing inflation and higher product development spending, the netting effect of tariff refunds on variable compensation, and softness in the lower-end boat market. Management presented mitigation plans, balance-sheet actions (share repurchase and debt retirement), and continued confidence in long-term margin expansion and product-led growth.

Company Guidance

Brunswick updated full‑year guidance to revenue of $5.7–5.8 billion, adjusted operating margin of ~8% (up ~100 basis points year‑over‑year), adjusted EPS of $4.35–$4.75 (midpoint $4.55, roughly +40% at the midpoint) and free cash flow above $400 million. Management expects gross IEEPA tariff refunds of ~$60–$70 million (≈$30M recognized in Q2, about $10M of remaining Phase‑2 refunds included in guidance; Phase‑4 excluded), a net IEEPA EPS benefit of a little more than $0.30 for the year (Q2 net benefit ~+$0.20), and an incremental tariff headwind of roughly $40 million in 2026 (first‑half‑weighted), including about $5 million from Section 301/Canadian changes. Offsetting factors incorporated into the guide include about $0.15 of additional material inflation in H2 and ~$0.05 of tariff‑related cost pressure, plus ~$20–$25 million of lumpier engine product development spend spread over quarters; management reiterated propulsion and Navico margin expansion expectations of >100 basis points for the year.

Consolidated Revenue Growth

Net sales of $1.6 billion in Q2, up 8% year-over-year; first-half sales up 10% versus prior year. All reporting segments delivered year-over-year sales growth for the fourth consecutive quarter.

Strong Adjusted EPS and Earnings Beat

Q2 adjusted EPS of $1.56, up 34% year-over-year and $0.41 above the prior guidance midpoint ($1.15). First-half adjusted EPS up 32% year-over-year.

Robust Free Cash Flow and Capital Allocation

Q2 free cash flow of $278 million; first-half free cash flow of $161 million (ahead after normalizing for incentive payments). Increased full-year free cash flow guidance to >$400 million. Year-to-date share repurchases of $35 million and plan to retire $160 million+ of debt by year-end.

Propulsion (Mercury) Performance and Order Momentum

Propulsion sales up 8% in Q2 driven by steady OEM demand and market share. First-half global and U.S. outboard orders up >10% with very strong June order activity. International order gains were double-digit; Brazil share up ~600 basis points since 2019.

Engine Parts & Accessories Strength

Engine P&A sales grew 9% in Q2, with the higher-margin products business up 16%. Adjusted operating earnings increased 19% and operating margin expanded by ~200 basis points driven by mix and leverage on higher sales.

Navico Group Margin Expansion

Navico sales grew 7% in Q2 and adjusted operating earnings increased 143% with adjusted operating margin expanding ~680 basis points in the quarter. Excluding net IEEPA impact, Navico still expanded core operating margin by over 250 basis points versus prior year.

Boat Segment Profitability Improvement

Boat Group sales up 5% in Q2. Adjusted operating earnings rose 45% and segment margins expanded by ~120 basis points due to mix shift to premium/core, pricing, lower discounts and operational efficiencies.

Tariff Refund (IEEPA) Recognition Supporting Earnings

Recognized ~ $30 million of submitted and accepted IEEPA refunds in Q2. Company now expects total gross IEEPA refunds of approximately $60 million to $70 million, with remaining Phase 2 refunds (~$10 million) reflected in full-year guidance.

Guidance Raised with Margin and EPS Upside

Updated full-year guidance: revenue $5.7B–$5.8B (up strongly vs 2025), adjusted operating margin ~8% (up ~100 basis points YoY), adjusted EPS $4.35–$4.75 (midpoint ~ $4.55, ~40% increase at midpoint vs prior year).

Recurring Revenue and Participation Metrics

Boating participation remains strong driving recurring parts & accessories and subscription businesses. Freedom Boat Club reached 450 global locations and member trips were up a record 13% in the first half. Company achieved a record 86 awards in H1 (on track to surpass 100).

BC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 22, 2026	2026 (Q3)	1.36 / -	0.97	―
Jul 30, 2026	2026 (Q2)	1.19 / 1.56	1.16	34.48% (+0.40)
Apr 30, 2026	2026 (Q1)	0.44 / 0.70	0.56	25.00% (+0.14)
Jan 29, 2026	2025 (Q4)	0.57 / 0.58	0.24	141.67% (+0.34)
Sep 27, 2025	2025 (Q3)	0.87 / 0.97	1.17	-17.09% (-0.20)
Jun 28, 2025	2025 (Q2)	0.94 / 1.16	1.8	-35.56% (-0.64)
Apr 24, 2025	2025 (Q1)	0.22 / 0.56	1.35	-58.52% (-0.79)
Jan 30, 2025	2024 (Q4)	0.17 / 0.24	1.45	-83.45% (-1.21)
Oct 24, 2024	2024 (Q3)	1.20 / 1.17	2.42	-51.65% (-1.25)
Jul 25, 2024	2024 (Q2)	1.89 / 1.80	2.35	-23.40% (-0.55)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed