Brunswick

Brunswick is a global leader in recreational marine products and technology. Its Propulsion segment makes Mercury Marine outboard and other engines. Its Engine Parts and Accessories segment sells parts and accessories through distribution.

Navico Group makes marine electronics, controls and other systems. Its Boat segment makes boats, and it runs Freedom Boat Club, a boat sharing club with about 450 locations. Parts, accessories and Freedom Boat Club give it recurring revenue that depends on how much people use their boats.

The market prices Brunswick for weak demand for new boats. Boats are large purchases, so high interest rates and weak consumer confidence reduce sales, mostly of lower priced boats. Brunswick said that conflict in Iran and economic uncertainty weighed on consumer sentiment in Q2 2026, and US retail boat sales were roughly flat in the first half after it cut some value models. Tariffs added about $40 million of costs in 2026.

Brunswick still grows. In Q3 2026, sales rose 6.9% to $1.45 billion, and adjusted EPS rose 62.9% to $1.58, with growth in all segments for the fifth quarter in a row. For the gap to close, three things must be true. Retail demand for boats must recover in 2027, helped by lower rates.

Dealer inventories must stay lean, so that engine and boat orders follow retail demand. Parts, accessories and Navico must keep their higher margins. The Q3 2026 report passed its test. The Q4 2026 report with the 2027 outlook, expected in late January 2027, gives the next test.

David Foulkes retires at the end of 2026, and Aine Denari becomes CEO on January 1, 2027. If these checks pass, the gap can close over the next four to six quarters. The main reason it may not close is a longer downturn in boat demand, because boats are a large purchase that buyers can delay.

1. Oct 29, 2026Passed

   Q3 2026 earnings: boat demandRevenue within $1.4 to $1.5 billion and adjusted EPS within $1.20 to $1.40 with lean dealer inventories pass; results below the range or a cut in full-year guidance fail.Outcome: Net sales were $1.45 billion and adjusted EPS was $1.58, above the range, with lean boat and engine pipelines, and Brunswick raised its 2026 guidance to adjusted EPS of about $4.65.
2. Jan 29, 2027 · est.Pending

   Full-year 2026 report and 2027 outlookA 2027 outlook with growth in sales and earnings under the new CEO passes; an outlook for lower sales or lower margins fails.

Every passed and failed checkpoint across all picks

• October 29, 2026Brunswick reported Q3 2026 results. Net sales rose 6.9% to $1.45 billion, and sales grew in all segments. GAAP diluted EPS was $1.01 and adjusted EPS was $1.58, up 62.9%. The adjusted operating margin rose 230 basis points to 10.1%. Brunswick raised its 2026 guidance to adjusted EPS of about $4.65, with net sales of $5.7 to $5.8 billion, free cash flow of $400 million or more and share buybacks of $80 million or more.
• October 8, 2026Brunswick said it will release its Q3 2026 results before the market opens on October 29, 2026, and hold its call that day.
• September 21, 2026Brunswick said that David Foulkes will retire as CEO and Chairman at the end of 2026. Aine Denari, President of Navico Group and Chief Technology Officer, becomes CEO on January 1, 2027. David Everitt, the Lead Independent Director, becomes Non-Executive Chairman.

Last earnings

October 29, 2026 (8-K on sec.gov)

Next earnings

Expected about January 29, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Oct 3, 2026Filed November 5, 2026 · bcorp-20261003
• 8-KEarnings releaseFiled October 29, 2026 · Press release and exhibits
• 8-KChange of directors or officersFiled September 22, 2026 · bcorp-20260917
• 10-QQuarterly report for the period ended Jul 4, 2026Filed August 5, 2026 · bcorp-20260704
• 8-KEarnings releaseFiled July 30, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Apr 4, 2026Filed May 7, 2026 · bcorp-20260404
• 8-KEarnings releaseFiled April 30, 2026 · Press release and exhibits
• 10-KAnnual report for the period ended Dec 31, 2025Filed February 13, 2026 · bcorp-20251231
• 8-KEarnings releaseFiled January 29, 2026 · Press release and exhibits
• 8-KOther company newsFiled November 26, 2025 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 14930)

• Boat demand depends on consumer confidence and interest rates. A recession or higher rates can reduce retail sales, and dealers then order fewer boats and engines.
• Tariffs added about $40 million of costs in 2026. New tariffs or the end of refunds can lower margins.
• Debt was $2.00 billion at October 3, 2026, and the debt-to-capitalization rate was 54.2%. Lower cash flow in a downturn leaves less room for buybacks and debt repayment.
• A new CEO starts on January 1, 2027. A change in leadership can bring changes in strategy and costs.

Brunswick aims to keep an investment grade balance sheet, and its debt is moderate. At October 3, 2026, the end of Q3 2026, short-term debt and current maturities were $195.1 million and long-term debt was $1.81 billion, so total debt was $2.00 billion. Read more

Yield at the current rate

2.2% (current annual rate, at today’s price)

Dividend yield

2.2% (last 12 months, at today’s price of $78.38)

Paid per share

$1.75 in the last 12 months (4 payments)

Current annual rate

$1.76 ($0.44 × 4 a year)

Latest ex-dividend date

August 20, 2026, $0.44 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 11.7% a year. From 2015 to 2025, the dividend grew by about 12.6% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.