Brunswick reports Q3 2026 results

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2026, Brunswick Corporation ("Brunswick") announced its financial results for the third quarter 2026.¹ The news release Brunswick issued announcing its third quarter 2026 earnings is incorporated herein by reference and is included as Exhibit 99.1 to this Current Report on Form 8-K.²

In the news release, Brunswick uses non-GAAP financial measures. GAAP refers to generally accepted accounting principles in the United States. A "non-GAAP financial measure" is a numerical measure of a registrant's historical or future financial performance, financial position, or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statements of operations, balance sheets, or statements of cash flows of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Operating and statistical measures and certain ratios and other statistical measures are not non-GAAP financial measures.

Brunswick has used certain of the financial measures that are included in the news release for several years, both in presenting its results to shareholders and the investment community and in its internal evaluation and management of its businesses. Brunswick's management believes that the measures presented (including those that are non-GAAP financial measures) and the information they provide are useful to investors because they permit investors to view Brunswick's performance using the same tools that Brunswick uses and to better evaluate Brunswick's ongoing business performance.

The measure adjusted net earnings from continuing operations and adjusted diluted earnings per common share (EPS)³, is believed to be useful to investors because it represents a measure of Brunswick's earnings, without the impact of certain charges that do not reflect the Company's ongoing business performance. Brunswick defines this measure as net earnings from continuing operations , excluding the impact of GAAP provision for income taxes, purchase accounting amortization; supplier bankruptcy expense; restructuring, exit, and impairment charges; acquisition, integration, and IT related costs; loss/gain on sale of business/assets; loss on early extinguishment of debt; and other applicable charges; and includes an adjusted income tax provision. The adjusted income tax provision represents the recalculated income tax provision (benefit) on Adjusted Net Earnings (loss) from continuing operations. Brunswick's management also believes that the measure adjusted operating earnings³ is useful to investors because it provides a necessary and important perspective on Brunswick's operating performance and improves comparability of performance against prior periods. Brunswick defines adjusted operating earnings as operating earnings (loss), excluding the earnings impact of purchase accounting amortization; supplier bankruptcy expense; restructuring, exit, and impairment charges; loss/gain on sale of business/assets; acquisition, integration, and IT-related costs; and other applicable charges . Brunswick's management believes that the non-GAAP financial measure free cash flow³ is useful to investors because it is an indication of cash flow that may be available to fund investments in future growth initiatives. Brunswick defines free cash flow as cash flow from operating and investing activities of continuing operations (excluding cash provided by or used for acquisitions, investments, purchases or sales/maturities of marketable securities and other investing activities) and the effect of exchange rate changes on cash and cash equivalents. Brunswick does not provide forward-looking guidance for certain financial measures on a GAAP basis because it is unable to predict certain items contained in the GAAP measures without unreasonable efforts.⁴ These items may include restructuring, exit, and impa irment charges, acquisition-related costs, and certain other unusual adjustments.

The information in this report and the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No. Description of Exhibit

99.1

Brunswick Corporation News Release, dated October 29, 2026, announcing Brunswick's third quarter 2026 earnings .

104 The cover page from this Current Report on Form 8-K, embedded within and formatted in Inline XBRL.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BRUNSWICK CORPORATION

Dated: October 29, 2026 By: /S/ RANDALL S. ALTMAN

Randall S. Altman

Senior Vice President and Controller

News Release

Release: IMMEDIATE

Contact: Stephen Weiland

Senior Vice President & Deputy CFO

Phone: 847-383-0867

Email: stephen.weiland@brunswick.com

Brunswick Reports Strong Third Quarter Results

Fifth Consecutive Quarter of Sales Growth Across All Segments

Third Quarter GAAP Diluted EPS of $1.01 and As Adjusted Diluted EPS of $1.58

Increasing 2026 Full-Year Guidance: As Adjusted Diluted EPS of approximately $4.65⁸

METTAWA, Ill., October 29, 2026 — Brunswick Corporation (NYSE: BC) today reported results for the third quarter of 2026:

Third Quarter 2026 Financial Results:

bps = basis points

"Brunswick delivered another strong quarter characterized by solid execution across the enterprise, with financial performance ahead of expectations and year-over-year sales growth across all reporting segments for the fifth consecutive quarter. Adjusted operating margin increased by 230 basis points and across all segments versus the prior year," said David Foulkes, Brunswick Chairman and Chief Executive Officer.

"Despite an external environment with headwinds from persistent inflation, higher borrowing costs, and geopolitical uncertainty continuing to pressure value categories, our premium- and core-focused brand portfolio continued to demonstrate resilience and perform ahead of the overall market. Boating participation remained healthy throughout the quarter, supporting demand across our recurring-revenue parts and accessories, aftermarket, and subscription boating businesses, while lean pipelines and balanced OEM orders supported continued wholesale growth.

From an inventory perspective, conditions remain healthy across the portfolio. Boat and engine pipelines remain lean and well-aligned with retail demand, positioning Brunswick and its channel partners well as we close out the year.

Our Propulsion business delivered another robust quarter driven by consistent OEM demand and growth in high-horsepower applications. Mercury continues to maintain its market-leading position in the U.S., while gaining share internationally through expanding dealer, OEM, and retail relationships. Mercury's five major new outboard development programs remain on track and further reinforce our confidence in the long-term growth of the business.

Engine Parts and Accessories delivered its strongest quarter in years, benefiting from sustained boating participation buttressed by favorable late-season weather. This recurring-revenue business continues to underpin our earnings stability while delivering high margins, attractive operating leverage, and strong cash flow.

Navico Group delivered another quarter of sales growth and adjusted margin expansion, supported by OEM wins, steady aftermarket performance, exciting new product introductions, and continued successful execution of operational improvement initiatives. Sales increased across all business lines while cost-reduction and portfolio-optimization actions helped offset inflationary pressures.

Our Boat segment grew both sales and earnings, led by strength in premium and core products, together with pricing realization, and continued operational efficiencies. Our premium fiberglass and core U.S. brands continued to outperform broader industry trends, while Freedom Boat Club maintained strong momentum. We estimate Freedom now accounts for close to seventy percent of the North American boat club market as it continues to thrive while its competitors falter.

Finally, we continued to execute our disciplined capital allocation strategy including further debt reduction and share repurchases, buying back $75 million of shares year-to-date⁹, while remaining on track to meet or exceed our debt retirement target and maintain a strong balance sheet.

Our third quarter results again demonstrate the strength of Brunswick's balanced portfolio, recurring-revenue businesses, market-leading brands, and disciplined operational execution in a dynamic external environment," Foulkes concluded.

2026 Third Quarter Results

For the third quarter of 2026, Brunswick reported consolidated net sales of $1,453.9 million, an increase of 7 percent versus the third quarter of 2025. Diluted EPS for the quarter was $1.01 on a GAAP basis and $1.58 on an as adjusted basis, an increase of 63 percent on an as adjusted basis versus the third quarter of 2025.

Sales growth reflected steady OEM demand across the portfolio, along with pricing actions taken in previous periods, continued market share gains, and healthy boating participation supporting parts, accessories, and aftermarket demand. Adjusted operating earnings and adjusted margins increased as the stronger sales, operational strength and efficiency across the enterprise, improved absorption on higher production, favorable mix, and disciplined cost management, together with the lapping of last year's tariff impacts, more than offset material and labor inflation and planned spending on product and technology initia