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Brunswick Reports Strong Q4

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Brunswick Corp. has reported strong fourth quarter results, with consolidated net sales of $1.16 billion, a 26.5 percent increase compared with the same time period last year.

For the year ended Dec. 31, 2020, consolidated net sales rose 5.8 percent to $4.37 billion, up from $4.1 billion in 2019.

“Despite the many challenges faced in 2020, including the significant disruptions to our global operations during the first half of the year due to the pandemic, we expanded gross and operating margins, delivered an 11th consecutive year of adjusted EPS growth, and generated record free cash flow,” CEO David Foulkes said in a statement. “The transformational changes we have made to our business in recent years have reinforced our position as the market leader in the marine industry and have positioned us to meet or exceed the financial targets laid out in our strategic plan.”

Click here to read the full story from Jeff Moser at Trade Only Today.

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