By Rob Curran
Brunswick swung to a third-quarter loss due to one-off charges but the boat maker backed its previous projections for 2025 adjusted earnings and sales, citing signs of recovering demand after a weak first half to the year.
The Mettawa Ill., maker of recreational boats under brands such as Boston Whaler and Sea Ray swung to a loss of $235.5 million, or $3.59 a share, for the quarter ended Sept. 27 from net income of $44.6 million, or 67 cents a share, a year earlier.
Stripping out certain one-off items such as restructuring charges, Brunswick logged adjusted earnings of 97 cents a share, exceeding the mean analyst estimate of 87 cents a share.
Sales rose 6.8% to $1.36 billion, besting the average Wall Street peg of $1.26 billion, as per FactSet.
"The sales growth reflected strength across all our businesses despite a challenging, albeit improving, macro-environment and industry backdrop," said Brunswick Chairman and Chief Executive David Foulkes, in a statement. For example, the company's boat retail sales were flat from a year earlier, which was significantly better than the sales trends in the first half of the year, Foulkes said. The company continued to make headway with tariff-mitigation initiatives, he said.
Overall U.S. boat market is set to shrink by 8% in 2025, with improvement in recent months following the tariff shock and capital-market volatility in the first half of the year, the company said.
Brunswick reiterated its forecast for 2025 adjusted earnings of $3.25 a share on sales of $5.2 billion.
Shares of fellow recreational-vehicle maker Winnebago surged in the wake of its earnings report, as price increases offset weakening demand.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 23, 2025 06:39 ET (10:39 GMT)
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