Brunswick publishes transcript of Q2 2026 earnings conference call
BC•Tariffs and refunds
Expected gross IEEPA refunds are $60 million to $70 million, with about $30 million recognized in Q2. Phase 2 is about $10 million embedded in guidance.
Net incremental 2026 tariff impact is now about $40 million. New Section 301 and Canadian tariffs are seen adding about $5 million. Boat pipelines are down about 1,800 units.
Quarterly results and guidance
Adjusted EPS was $1.56 on net sales of $1.56 billion; free cash flow was $278 million. Management cited a net IEEPA benefit slightly above $0.20.
Full-year guidance was raised to:
- Revenue of $5.7 billion to $5.8 billion
- Adjusted operating margin of about 8%
- Adjusted EPS of $4.35 to $4.75
- Free cash flow of $400 million+
