Thu, Oct 28, 2021 6:24 AM
METTAWA, Ill. (AP) _ Brunswick Corp. (BC) on Thursday reported third-quarter earnings of $143.1 million.
The Mettawa, Illinois-based company said it had net income of $1.83 per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were $2.07 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The boat and sporting goods company posted revenue of $1.43 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $1.42 billion.
Brunswick expects full-year earnings to be $8.15 per share, with revenue expected to be $5.8 billion.
Brunswick shares have climbed 19% since the beginning of the year. The stock has risen 43% in the last 12 months.