Brunswick Corp (BC US) is a new company for the MM reports, this $US7bn Illinois based business manufacturers outdoor consumer products including marine engines e.g. the popular Mercury outboards. They have just launched a V12 600HP outboard which looks set to be a huge success with the new trend of bigger boats using outboards plus for good measure we have a surge in global boat sales.
Last month the company beat expectations when it delivered revenue of $US3.4bn and earnings per share (EPS) ~4% above expectations. The company’s set to increase sales year on year by an estimated 12% leading to a similar increase in profits. On an Est P/E for 2021 of just 14.4x this is an attractively priced growth stock with some meaningful tailwinds.
MM is bullish BC at current levels
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