For the third quarter of 2025, Brunswick reported consolidated net sales of $1,360.2 million, up from $1,273.3 million in the third quarter of 2024.
Propulsion segment reported a 10% increase in sales resulting primarily from strong OEM orders in a low field inventory environment.
Engine Parts and Accessories segment reported an 8% increase in sales with a 4% increase in the products business and a 12% increase in the distribution business.
Navico Group segment reported a 2% increase in sales led by strong growth in the marine electronics portfolio and Boat segment reported a 4% increase in sales.
Our businesses continue to drive year-on-year revenue growth.
David Foulkes
“The sales growth reflected strength across all our businesses despite a challenging, albeit improving, macro-environment and industry backdrop,” said Brunswick chairman and chief executive officer, David Foulkes.
“We continue to drive forward with financial and operational efficiencies through the announced, margin-accretive footprint actions in our boating business, continued enterprise-wide tariff mitigation initiatives, prudent pipeline management, and excellent capital strategy execution.”
And he explained that a focus on financial performance has provided Brunswick with the flexibility to invest in our business, return capital to investors, and strengthen its balance sheet.
Healthy dealer inventories
With regards to outlook, full-year net sales of approximately $5.2 billion are anticpated.
“With the large majority of the retail selling season now complete, the 2025 US marine retail market is trending down by approximately 8%, with year-over-year comparisons improving significantly in the back-half of the season following US trade-policy and capital market shocks in the second quarter,” said Foulkes
“Our businesses continue to drive year-on-year revenue growth, benefiting from improved OEM ordering, low and healthy dealer inventories, improved retail for Brunswick boat brands versus the industry, continued propulsion market share gains, and resilient boating participation driving our recurring revenue businesses.”
And he explained that with interest rates coming down and further reductions in the cost of financing for both end consumers and dealers, 2026 is anticipated to be ‘modestly stronger’.
