Seaport Research Sees Brunswick Corporation (BC) Well-Positioned for Marine Market Recovery

Core Viewpoint - Brunswick Corporation is well-positioned for a recovery in the marine market, with expectations for increased consumer spending on leisure items by 2026 [2]. Financial Performance - In Q3 2025, Brunswick reported revenue of $1.36 billion, reflecting a 6.8% increase year-over-year [3]. - The company's free cash flow reached $111 million in Q3, totaling $355 million year-to-date, which facilitated $70 million in share repurchases and an increased debt reduction target of $200 million [4]. Market Position - Brunswick is the largest producer of recreational marine products, indicating a strong market presence [2]. - The marine market is characterized as highly cyclical, suggesting that current conditions may present a strategic entry point for investors [2]. Segment Performance - Boat retail sales remained flat year-over-year, showing improvement compared to the first half of the year, while Freedom Boat Club contributed approximately 13% to segment sales [3].