Brunswick Corporation reported its financial results for the second quarter and first half of 2025, revealing a slight increase in net sales for the quarter but a decline for the year-to-date period. For the three months ended June 28, 2025, net sales reached $1,447.0 million, a marginal increase of 0.2% compared to $1,443.9 million in the same period last year. However, for the six months ended June 28, 2025, net sales decreased by 5% to $2,668.8 million from $2,808.9 million in the prior year. The company reported net earnings of $59.3 million for the second quarter, down from $100.0 million a year earlier, and $79.5 million for the first half, compared to $168.0 million in 2024.
The financial performance reflects several operational challenges, including lower absorption from decreased production levels and the impact of tariffs. Operating earnings for the second quarter were $103.3 million, a decline of 34.7% from $158.3 million in the prior year, while year-to-date operating earnings fell to $159.6 million from $268.9 million. The decrease in profitability was attributed to reinstated variable compensation, increased costs, and lower sales volumes, which were only partially offset by new product momentum and ongoing cost control measures.
Brunswick's strategic developments included the acquisition of additional Freedom Boat Club franchise operations in Southeast Florida for $31.2 million, enhancing its presence in the boating market. The company also reported a focus on maintaining balanced inventory levels and working closely with channel partners to drive retail activity. Despite the challenges, the Propulsion segment saw a 7.2% increase in sales for the second quarter, driven by stable orders from U.S. OEM customers, while the Engine Parts and Accessories segment reported slight growth.
Operationally, Brunswick's total assets as of June 28, 2025, were $5,794.3 million, an increase from $5,677.7 million at the end of 2024. The company’s cash and cash equivalents stood at $315.7 million, down from $494.5 million a year earlier. The total debt decreased to $2,274.1 million from $2,340.6 million at the end of 2024, reflecting ongoing efforts to manage leverage. Looking ahead, Brunswick anticipates continued challenges in consumer demand and market conditions but remains focused on strategic initiatives to enhance operational efficiency and product offerings.
About BRUNSWICK CORP
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