Brunswick

Q2 FY2026 EarningsQ2 FY26 results beat consensus across key metrics, with revenue of $1,557.8M vs. $1,522.2M expected and a normalized EPS of $1.56 (as adjusted) significantly exceeding the $1.19 consensus. Gross margin outperformed at 28.1% vs. the 25.8% mean estimate, buoyed by a $30.4M IEEPA tariff refund. Propulsion and Engine P&A segments drove top-line growth, while the Navico Group saw a major margin recovery, reporting an adjusted operating margin of 12.1% against 5.3% YoY. Full-year guidance remains optimistic with at least $160M in debt reduction and $200M in capital expenditures planned.