Brunswick Corporation is downgraded to hold as valuation now reflects much of the recovery thesis despite strong execution. Recent Q4 2025 results confirm demand recovery, with net sales up 15.5% y/y and double-digit January retail growth. BC is gaining wholesale market share and expanding margins, with management guiding FY2026 EBIT margins of 7.5%–8%.
Brunswick Corporation reported good growth in all of its segments in Q4, continuing to recover gradually from a weak comparison level. More normal dealer inventories and market share gains drove Brunswick's revenue growth, helping margins in the process. The consumer-level demand outlook remains subdued for 2026, reflected in Brunswick's moderate recovery assumptions for the year. A more significant recovery will take longer.
Brunswick Corporation (BC) Q4 2025 Earnings Call Transcript
| Automobiles Industry | Consumer Discretionary Sector | David Foulkes CEO | XSTU Exchange | US1170431092 ISIN |
| US Country | 15,000 Employees | 23 Feb 2026 Last Dividend | 16 Feb 2005 Last Split | 31 Dec 1981 IPO Date |
Brunswick Corporation, with its foundation dating back to 1845, stands tall in the recreation product manufacturing and marketing sphere. With headquarters in Mettawa, Illinois, Brunswick has established a global presence, spread across the United States, Europe, the Asia-Pacific, Canada, and other international markets. The company's operations are streamlined into four distinct segments: Propulsion, Engine Parts & Accessories (P&A), Navico Group, and Boat, catering to a diverse range of recreational preferences and activities. Notably, Brunswick has not only focused on offering high-quality products but also on sustaining a strong connection with its customers through a comprehensive network of marine retail dealers, aftermarket retailers, dealers, distributors, and original equipment manufacturers.