08:44 AM EDT, 07/25/2024 (MT Newswires) -- Brunswick (BC) reported Q2 adjusted earnings Thursday of $1.80 per diluted share, down from $2.35 a year earlier.

Analysts polled by Capital IQ expected $1.90.

Revenue for the quarter ended June 29 was $1.44 billion, compared with $1.70 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.55 billion.

The company cut its full-year 2024 adjusted diluted EPS forecast to a range of $5 to $5.50 from $7 to $8 previously. Analysts surveyed by Capital IQ expect $7.05. The company also reduced its revenue forecast for the year to $5.2 billion to $5.4 billion from its prior outlook of $6 billion to $6.2 billion. Analysts polled by Capital IQ expect $5.91 billion.

For Q3, the company expects adjusted diluted EPS of $1.15 to $1.25 on net sales of $1.2 billion to $1.3 billion. Analysts surveyed by Capital IQ are looking for $2.20 normalized EPS on revenue of $1.58 billion.

Brunswick shares were down 2.7% in recent premarket activity.

Price: 71.50, Change: -2.01, Percent Change: -2.73